The global demand for Oxygen Conserving Devices Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
An oxygen conserving device (OCD) refer to a device to controls the flow of oxygen from the oxygen source to the patient. The OCD releases oxygen only when the patient inhales, thus dramatically increasing the amount of time a patient can use the oxygen supply. This offers patients increased mobility and comfort from avoiding a continuous flow of oxygen into the nostrils. Ultimately, OCDs look to make oxygen therapy more efficient, more portable and less intrusive.
Market Dynamics
Rising number of patients suffering from chronic obstructive pulmonary diseases (COPD) and hypercapnic chronic respiratory diseases is consider as a key factor to drive the market growth. Furthermore, the demand for portable oxygen conserving device has witnessed tremendous growth especially for those patient who require prolonged time period to recover. Technological advancement in the oxygen conservation devices area are projected to propel the demand. In addition to this, as per research more than 339 MN people are suffering from asthma across the globe and 1000 deaths every day, which, in turn is projected to encourage the demand for oxygen conservation devices during the forecast period.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of oxygen conserving devices.
Market Segmentation
The entire oxygen conserving devices market has been sub-categorized into product and end-use. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Product
- Reservoir Oxygen Delivery Devices
- Electromechanical Pulsing Devices
- Transtracheal Catheters
- Others
By End-Use
- Hospitals & Clinics
- Long-term Care Units
- Home Care
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for oxygen conserving devices market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Oxygen Conserving Devices Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the oxygen conserving devices market include Responsive Respiratory, Inc., Invacare Corporation, Medline Industries, Inc., Air Liquide Medical System, HERSILL, S.L., Precision Medical, Inc., Medical Depot, Inc., GCE Group and Essex Industries, Inc. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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