Oxygen Conservation Devices/systems Market | Contrive Datum Insights

The Oxygen Conservation Devices /System Market size was valued at USD 958.76 Million in 2022 and is projected to reach USD 2,267.95 Million by 2030, growing at a CAGR of 11.5% from 2022 to 2030.

Oxygen Conservation Devices/Systems Market Overview

The increasing incidence of respiratory diseases is expected to increase the demand for oxygen-conserving devices/systems (OCDs). The growing patient population due to the increasing prevalence of chronic respiratory diseases has boosted the demand for these products. Demand for technologically advanced products is also growing because they provide better patient outcomes. Some of the potential benefits of these products include greater comfort, ease of use, controlled flow rate based on patient requirements, improved patient response, reduced gas waste, and increased portability.

These benefits are expected to fuel the demand for these products and consequently boost their market potential. Additionally, the existence of a supportive regulatory framework is fueling the overall growth of this industry. Increased reimbursement policies are expected to promote the adoption of these products in home care settings. Additionally, favorable socio-economic and demographic factors such as urbanization, population growth, and rising living standards combined with significant improvements in the commercial aspects of OCD devices are expected to positively drive the growth of the global oxygen-conserving devices/systems market.
Certain constraints and challenges are faced that will hamper the overall market growth. Factors such as a lack of skilled workforces such as doctors, nurses, and medical expertise, and a lack of standards and protocols are limiting the market growth. Additionally, high device costs are estimated to spur growth over the forecast period. Complex regulatory framework and ignorance in rural areas are potential restraints hindering the overall growth of the global oxygen-conserving devices/systems market. Nonetheless, advances in technology such as pneumatic and electronic oxygen concentrators with integrated features such as lightweight, battery-powered oxygen concentrators, and new devices that do not require additional humidification with untapped potential in emerging markets offer lucrative growth opportunities.

The Oxygen Conservation Devices/Systems Market has been recently published by Contrive Datum Insights to its huge database which helps to shape the future of businesses by making well-informed business decisions. It offers a comprehensive analysis of various business aspects such as global market trends, recent technological advancements, market size, shares, and new innovations. Furthermore, this analytical data has been compiled through data exploratory techniques such as primary and secondary research. Moreover, an expert team of researchers throws light on various static as well as dynamic aspects of the global Oxygen Conservation Devices/Systems market.

Some of the key players profiled in the study are:

Different leading key players have been profiled to get better insights into the businesses. It offers detailed elaboration on different top-level industries which are functioning in global regions. It includes informative data such as company overview, contact information, and some significant strategies followed by key players: Responsive Respiratory, Inc., Invacare Corporation, Medline Industries, Inc., Air Liquide, HERSILL, S.L., Precision Medical, Inc., Medical Depot, Inc. (Drive DeVilbiss Healthcare), GCE Group, Essex Industries, Inc., and others.

Industry Development:

• In August 2021, Medline took the responsibility to provide a safe workplace for their more than the 300-strong workforce in Australia and New Zealand, many of the employees live and work in Western Sydney, and also responsible to ensure a safe supply of Medline products to the customers. That’s why Medline Australia is mandating the COVID-19 vaccine for all their employees across Australia by 1 December.

What are the major Applications, Types, and Regions for the Oxygen Conservation Devices/Systems Market?

On the Basis of Type:

• Reservoir Oxygen Delivery Devices
• Electromechanical Pulsing Devices
• Transtracheal Catheters
• Others

• Chronic Bronchitis
• Emphysema
• Sleep Apnea
• Others

On the Basis of Application:

• Hospitals & Clinics
• Long-term Care Units
• Home Care

Oxygen Conservation Devices/Systems Market Regional Insights:

The oxygen-saving system market in North America dominates the overall market and was valued at USD 314.3 million in 2016, owing to high R&D investment and trials in O2 therapy and a developed reimbursement framework. Additionally, the prevalence of chronic respiratory diseases and an increase in the usage of these products is expected to fuel growth in the region.
Additionally, an increasing number of FDA approvals for incorporating oxygen therapy for applications such as cancer, autism, and diabetes are expected to drive the market in this region over the forecast period. Additionally, the presence of organizations such as the Canadian Society for Respiratory Therapy and the Canadian Thoracic Society which promotes awareness about oxygen therapy are also contributing to the growth of the market.
The Asia Pacific region is expected to grow exponentially due to the growing elderly population requiring home-based oxygen therapy. The urgent need to develop and replace new systems and upgrade healthcare infrastructure is one of the factors expected to provide lucrative growth opportunities.

Geographically, the global Oxygen Conservation Devices/Systems market has been analyzed in various regions such as North America, Europe, Asia-Pacific, Latin America, the Middle East, and India. The global region is dominating this market in the upcoming future.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Oxygen Conservation Devices/Systems Market Report Scope:

Frequently Asked Questions (FAQ) about the Oxygen Conservation Devices/Systems market:

What is the CAGR of the global Oxygen Conservation Devices/Systems market?

The Oxygen Conservation Devices/Systems Market is growing at a CAGR of 11.5% during the forecast period.

Which region would offer high growth for vendors in the Oxygen Conservation Devices/Systems market?

North America offers high growth for vendors in the Oxygen Conservation Devices/Systems market

Which Is the Most potential market segment?

By Types- Reservoir Oxygen Delivery Devices, Electromechanical Pulsing Devices, Transtracheal Catheters, Others,

By Applications - Hospitals & Clinics, Long-term Care Units, Home Care,

Which are the top industry players in the Oxygen Conservation Devices/Systems market?

Responsive Respiratory, Inc., Invacare Corporation, Medline Industries, Inc., Air Liquide, HERSILL, S.L., Precision Medical, Inc., Medical Depot, Inc. (Drive DeVilbiss Healthcare), GCE Group, Essex Industries, Inc.

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