Top 8 Companies in the Global Oxygen Therapy Market in 2025

The global oxygen therapy market was valued at USD 37.20 billion in 2024. The market is expected to grow at a CAGR of 6.83% during the forecast period of 2025-2034, with the values likely to reach USD 72.02 billion by 2034. The market is driven by the rising prevalence of respiratory disorders across the globe.

Oxygen therapy is the medical use of supplemental oxygen to treat low oxygen levels in the blood. It is commonly prescribed for conditions like chronic obstructive pulmonary disease (COPD), asthma, and pneumonia to improve oxygen supply and alleviate symptoms. The market for oxygen therapy is expanding, driven by the rising prevalence of respiratory disorders, the growing elderly populations, and advancements in oxygen delivery technologies. This growth is further supported by greater awareness, improved healthcare infrastructure, and increased adoption of home care oxygen therapy devices.

In December 2024, USF Health launched a state-funded clinical trial to assess the effectiveness of hyperbaric oxygen therapy (HBOT) for Florida service members and veterans with traumatic brain injury (TBI). This USD 28 million, five-year study, recognized as one of the most rigorous of its kind, could significantly impact the treatment of neurological diseases. By closely monitoring participants' physiological signs, this research aims to provide concrete evidence for HBOT’s potential, further advancing its role in the oxygen therapy market.

Let’s explore the profile of top companies leading the global oxygen therapy market in 2025.

1.    Philips Healthcare

Koninklijke Philips N.V. plays a prominent role in the global oxygen therapy market, offering innovative solutions that emphasize patient freedom and provider efficiency. Its product portfolio includes both stationary and portable oxygen therapy systems, such as the EverFlo home oxygen system and the SimplyGo and SimplyGo Mini portable concentrators. These devices are designed with compact, lightweight, and user-friendly features, supporting mobility for active patients while reducing maintenance and service costs for homecare providers.

2.    Linde Healthcare

Linde’s proprietary LIV® (Linde Integrated Valve) technology represents a significant advancement in the market for oxygen therapy. Designed for lightweight aluminum cylinders, LIV integrates a flow meter, pressure regulator, and valve into a single unit, eliminating the need for separate accessories. This simplifies setup, enhances safety, and improves efficiency in clinical settings. The cylinders are easy to transport and MRI-compatible, making them ideal for mobile and hospital-based oxygen therapy. Linde’s innovation supports better patient care and streamlined healthcare operations.

3.    Chart Industries, Inc.

Chart Industries plays a significant role in the market through its advanced liquid oxygen (LOX) therapy solutions. Its product portfolio includes lightweight, long-lasting, and electricity-free systems like the Spirit 1200, Sprint, Stroller, and Companion models, offering up to 15 liters per minute of continuous flow. Designed for both ambulatory and sedentary patients, these devices enhance patient mobility, compliance, and comfort while also supporting healthcare providers with cost-effective, reliable, and energy-independent respiratory care solutions.

4.    Invacare Corporation

Invacare Corporation is one of the key market players, specializing in advanced respiratory solutions. The Platinum Mobile Portable Oxygen Concentrator features the company’s dedication to innovation and user-focused design. It leverages Sensi-Pulse technology to optimize oxygen delivery, dual battery compartments, and a lightweight build for improved mobility. These attributes highlighted Invacare’s commitment to enhancing the daily lives of patients with chronic respiratory conditions.

5.    Smith Pharmacy

Smith Pharmacy Pte Ltd is a Singapore-based supplier actively serving the global oxygen therapy market through the provision of medical-grade oxygen cylinders. The company offers a range of oxygen storage solutions, including 10-liter and 50-liter pin-index cylinders at 150 bar pressure, designed for safe and effective therapeutic use. Smith Pharmacy supports healthcare providers by ensuring the reliable availability of essential oxygen therapy equipment, adhering to medical safety standards for storage, handling, and usage of flammable medical gases.

6.    Dragerwerk AG & Co. KGaA

Drager plays a significant role in the market by providing advanced and reliable ward equipment designed for clinical oxygen delivery. With decades of experience, the company continues to innovate with products such as compact digital flowmeters and the VarioAir suction ejector. Dräger’s offerings, including gas flowmeters, pressure reducers, and medical aspiration systems, are known for precision, safety, and durability, enabling efficient oxygen therapy through integrated hospital workstation solutions.

7.    Teleflex Incorporated

Teleflex is a global leader in medical technologies, providing innovative solutions in respiratory care, including oxygen therapy products. Their extensive range includes masks, cannulas, tubing, and humidifiers, designed to meet diverse clinical needs in both emergency rooms and home healthcare settings. Teleflex focuses on delivering high-quality products that enable clinicians and Durable Medical Equipment (DME) providers to manage respiratory conditions effectively, ensuring both patient comfort and cost efficiency in the treatment process.

8.    Fisher & Paykel Healthcare Corporation Limited

Fisher & Paykel Healthcare holds a robust presence in the global oxygen therapy market with its innovative Optiflow Nasal High Flow (NHF) therapy. This system delivers heated, humidified air and oxygen at high flow rates, up to 70 L/min, via specialized cannulas such as the Optiflow nasal cannula. By improving oxygen delivery and patient comfort, Optiflow enhances respiratory support for patients with conditions like chronic obstructive pulmonary disease (COPD) and acute respiratory distress syndrome (ARDS). The company continues to advance oxygen therapy solutions through comprehensive training and evidence-based guidelines.