Oxygen Conserving Devices Market Value to Surpass US$ 261 Mn by 2027, as per TMR Report

The global 𝐨𝐱𝐲𝐠𝐞𝐧 𝐜𝐨𝐧𝐬𝐞𝐫𝐯𝐢𝐧𝐠 𝐝𝐞𝐯𝐢𝐜𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭, valued at around US$ 164 million in 2018, is expected to grow moderate CAGR of 5% to reach value of US$ 261 Mn from 2019 to 2027. Factors driving this growth include increasing incidences of COPD diseases, technological advancements in oxygen conservers, and the rise in the geriatric population.

𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅:
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Oxygen conserving devices regulate oxygen flow from tanks to patients, providing supplemental oxygen to manage conditions like hypoxemia resulting from chronic respiratory diseases. These devices optimize oxygen use by delivering it based on demand pulses or fixed pulses triggered by the patient's breathing. There are two types: fixed pulse type, delivering a preset volume of oxygen, and demand pulse type, delivering oxygen when the patient inhales. Technological advancements have led to the development of portable, lightweight oxygen conservers suitable for pediatric and adult patients.

𝐌𝐚𝐣𝐨𝐫 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

Inogen Inc.,GCE Group,Precision Medical, Inc,Drive DeVilbiss International,Medline Industries, Inc.,Graham-Field Health Products,Inovo, Inc,Essex Industries,Krober Medizintechnik

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

Product Type

Oxygen Conserver
Electronic  OCD
Pneumatic OCD
Disposable OCD
Others
Oxygen Conserver Parts & Accessories

Indication

Chronic Bronchitis
Emphysema
Sleep Apnea
Others

End User

Hospitals
Homecare
Others

𝐎𝐱𝐲𝐠𝐞𝐧 𝐂𝐨𝐧𝐬𝐞𝐫𝐯𝐢𝐧𝐠 𝐃𝐞𝐯𝐢𝐜𝐞𝐬 𝐚 𝐒𝐮𝐢𝐭𝐚𝐛𝐥𝐞 𝐀𝐥𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐯𝐞 𝐟𝐨𝐫 𝐂𝐨𝐧𝐯𝐞𝐧𝐭𝐢𝐨𝐧𝐚𝐥 𝐎𝐱𝐲𝐠𝐞𝐧 𝐓𝐡𝐞𝐫𝐚𝐩𝐲

Conventional home oxygen therapy, which uses low-flow oxygen delivered continuously through a nasal cannula, is inefficient as oxygen is wasted during expiration and late inhalation. To address this, pulsed oxygen delivery systems integrate various oxygen sources like liquid oxygen and battery-powered concentrators with oxygen conserving devices. These systems optimize oxygen delivery, making them highly effective for various breathing behaviors, as shown by multiple studies and clinical trials.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬:

Drivers:

Increasing prevalence of respiratory diseases, technological advancements in oxygen delivery systems, rising demand for home-based healthcare solutions.

Challenges:

Stringent regulatory requirements, limited reimbursement coverage in developing regions, and the high cost associated with advanced oxygen conserving devices.

𝐆𝐫𝐚𝐛 𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐨𝐩𝐲:
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𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

Growing preference for portable oxygen concentrators over traditional oxygen cylinders.

Integration of smart technology for remote monitoring and data collection.
Rising adoption of telehealth services for remote patient monitoring and consultation.

𝐅𝐮𝐭𝐮𝐫𝐞 𝐎𝐮𝐭𝐥𝐨𝐨𝐤:

The future of the oxygen conserving devices market looks promising, with continued innovation and expansion into emerging markets. The adoption of advanced oxygen delivery systems, coupled with the growing emphasis on home-based healthcare solutions, is expected to drive market growth in the coming years.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐮𝐝𝐲 𝐏𝐨𝐢𝐧𝐭𝐬:

Assessment of market dynamics, including drivers, challenges, and trends.
Analysis of market segmentation by service type, sourcing type, application, industry vertical, and region.

Evaluation of regional market dynamics and growth opportunities.
Identification of key market players, their product portfolios, and recent developments.

Forecasting market size and growth potential for the period 2024-2032.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐌𝐑:

𝐏𝐕𝐂 𝐄𝐦𝐮𝐥𝐬𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2023/03/07/2621840/0/en/PVC-Emulsion-Market-Value-to-Reach-US-5-1-Bn-by-2031-As-per-TMR-Report.html

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐏𝐨𝐰𝐞𝐫 𝐒𝐭𝐞𝐞𝐫𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2023/03/07/2621639/0/en/Automotive-Electric-Power-Steering-Market-Value-to-Reach-US-43-0-Bn-by-2031-as-per-TMR-Report.html

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