Medical Oxygen Generator Market Insights Video

According to Cognitive Market Research, the global medical oxygen generator market size was USD 3615.65 million in 2024. It will expand at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.

• North America held the major market share for more than 40% of the global revenue with a market size of USD 1446.3 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.
• Europe accounted for a market share of over 30% of the global revenue with a market size of USD 1084.7 million.
• Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 831.6 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.2% from 2024 to 2031.
• Latin America had a market share of more than 5% of the global revenue with a market size of USD 180.8 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.6% from 2024 to 2031.
• Middle East & Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 72.3 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.9% from 2024 to 2031.
• The concentrated oxygen generator category is the fastest-growing technology segment of the medical oxygen generator industry.