Oxygen conserving device (OCD) is a strain decreasing gadget intended to control the progression of oxygen from the oxygen source to the patient. Oxygen conservation devices are utilized for patients with serious lung infections, for example, constant obstructive aspiratory sickness, diffuse interstitial lung illness, cystic fibrosis, or hypoxia-related side effects, which requires long haul oxygen treatment to keep a typical way of life. As per the global asthma report by Global Asthma Network, 2014, asthma has impacted around 334 million individuals up to this point and pervasiveness is rising consistently. This recommends the event of extreme asthma cases in low and center pay economies like India and China. This gadget offers solace and expanded versatility to the patients. The principle point of producers is to foster proficient, convenient, and less meddling oxygen conservation devices.
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Oxygen conservation devices are predominantly of two types – pneumatic oxygen conservation devices and electronic oxygen conservation devices. Pneumatic oxygen conservation devices utilize a high strain of oxygen gas and don’t need any outer power source like a battery, though electronic oxygen conservation devices are battery upheld. For example, Invacare Pneumatic Oxygen Conserver is a pneumatic oxygen conservation gadget, which has an on and off selector handle combined with liter stream and consistent stream mode. CHAD therapeutics’ Evolution Electronic Oxygen Conserver requires two AA batteries for its working. The Invacare has steady volume conveyance while Evolution is included with a heartbeat going from 14 to 40 inhales each moment. The key driver impelling the oxygen conservation devices market is expanding populace of patients with ongoing lung issues. In addition, great rental arrangements and repayment approaches are driving the current oxygen conservation devices market. In any case, as a clinical gadget, the oxygen conservation gadget market is relied upon to be controlled by the rigid administrative approaches utilized by the administrative bodies to screen the viability of the gadget.
Oxygen Conservation Devices Market Drivers
An enormous pool of ongoing obstructive pneumonic illnesses (COPD) and other lung infections are relied upon to fuel the development of the oxygen conservation devices market. For example, in 2014, the Centers for Disease Control and Prevention (CDC) detailed around 1,417,101 passings globally because of ongoing respiratory sicknesses. Besides, the high commonness of smoking tobacco is relied upon to add to the pool of lung sicknesses. As indicated by Inogen Inc., there were 2.5 to 3 million patients in the U.S. and more than 4.5 million patients overall who have been involved in oxygen treatment in 2015. Moreover, the quantity of oxygen treatment patients in the U.S. expanded from around 7% to 10% somewhere in the range of 2015 and 2021.
Also, as these devices are life-supporting devices, oxygen conservation devices are upheld by the administrative arrangements for oxygen treatment by giving the office at an insignificant expense. These oxygen conservation devices are covered under the Medicare Program, of which around 20% of the expense is just paid by the patient. Additionally, mindfulness about COPD is spread through different legislative and non-administrative drives. For example, Global Initiative for Chronic Obstructive Lung Disease (GOLD) in a joint effort with medical care experts and COPD patients started World COPD Day, which started in 2002. For example, in 2014, American Lung Association sent off a mission called LUNG FORCE, which zeroed in on exploration and better treatment choices for lung infections.
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Oxygen Conservation Devices Market – Regional Analysis
Based on region, the global oxygen conservation devices market is fragmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America stands firm on a predominant foothold in the oxygen conservation devices market, inferable from exceptionally strong repayment approaches and high tolerant populace. For example, Medicare and Medicaid strategies of the U.S. offer repayment on the endorsed oxygen treatment. Nonetheless, Asia Pacific is relied upon to observe huge development, attributable to expanding rate of asthma and expanding government drives to make mindfulness about the presence of devices like oxygen conservation devices. As per the article in diary Asia Pacific Allergy, 2014, asthma is a significant persistent illness in Asia, and the predominance of youth asthma is seen to be ceaselessly expanding throughout the last ten years (2003-2013)
Oxygen Conservation Devices Market – Competitive Landscape
Key participants working in the global oxygen conservation devices market incorporate Essex Industries, Inc., S.L., Inogen, Inc., Hersill, Precision Medical, Inc., DeVilbiss Healthcare Ltd., Drive Medical, Responsive Respiratory Inc., Invacare Corporation, and Medline Industries, Inc.
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• Current and future of Oxygen Conservation Devices Market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
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• The latest developments, market shares, and strategies that are employed by the major market players
Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Oxygen Conservation Devices Market Size Analysis from 2021 to 2028
11.6 COVID-19 Outbreak: Oxygen Conservation Devices Industry Impact
Chapter 2 Global Oxygen Conservation Devices Competition by Types, Applications, and Top Regions and Countries
2.1 Global Oxygen Conservation Devices (Volume and Value) by Type
2.3 Global Oxygen Conservation Devices (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Oxygen Conservation Devices Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Oxygen Conservation Devices Market Analysis
Chapter 6 East Asia Oxygen Conservation Devices Market Analysis
Chapter 7 Europe Oxygen Conservation Devices Market Analysis
Chapter 8 South Asia Oxygen Conservation Devices Market Analysis
Chapter 9 Southeast Asia Oxygen Conservation Devices Market Analysis
Chapter 10 Middle East Oxygen Conservation Devices Market Analysis
Chapter 11 Africa Oxygen Conservation Devices Market Analysis
Chapter 12 Oceania Oxygen Conservation Devices Market Analysis
Chapter 13 South America Oxygen Conservation Devices Market Analysis
Chapter 14 Company Profiles and Key Figures in Oxygen Conservation Devices Business
Chapter 15 Global Oxygen Conservation Devices Market Forecast (2021-2027)
Chapter 16 Conclusions
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