Oxygen Conserving Devices Market – Scope of the Report
TMR’s report on the global oxygen conserving devices market studies the past as well as current growth trends and opportunities to gain valuable insights of the same indicators for the said market during the forecast period from 2019 to 2027. The report provides the overall market revenue of the oxygen conserving devices market for the period of 2017–2027, with 2018 as the base year and 2027 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the global oxygen conserving devices market for the forecast period.
The report has been prepared after an extensive research. Primary research involves bulk of research efforts, wherein, analysts carried out interviews with industry leaders and opinion makers. Extensive secondary research involves referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the oxygen conserving devices market.
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Growing Adoption of Oxygen Conserving Devices by Patients with Chronic Respiratory Diseases
Over the past couple of decades, the healthcare sector has witnessed a considerable amount of development, owing to the advent of new technologies, unmet needs, mounting demand for improved medication & treatment, and the onset of an array of medical devices. Oxygen therapy is considered the most reliable and effective treatment for patients suffering from chronic obstructive pulmonary diseases (COPD) and hypercapnic chronic respiratory diseases. Multiple studies have shed light on how oxygen therapy has played an imperative role in improving dyspnea and offer relief from several conditions linked with hypercapnic chronic respiratory diseases, including pulmonary hypertension. Despite significant progress, at present, prescribing and advising patients about how oxygen can be utilized for home therapy continue to pose as a challenge for physicians. In the current scenario, a host of oxygen conserving devices and techniques have entered the market, which are increasingly being used as a standalone or combination treatment.
Oxygen conserving devices are being extensively used by patients who require oxygen therapy, while they are mobile and away from homecare settings. Furthermore, the demand for portable oxygen conserving devices has witnessed significant growth, particularly for patients suffering from advanced lung disease and require oxygen for a prolonged time period. Oxygen conserving devices are gradually gaining popularity over continuous oxygen flow, as these devices deliver pulsed oxygen only when the patient inhales. The oxygen conserving devices market is witnessing steady growth, as these devices improve the durability of oxygen cylinders and curb oxygen waste. Furthermore, as these devices have proved to reduce oxygen usage by 50%; the adoption of these devices continues to scale new heights. Thus, the global oxygen conserving devices market is expected to reach a market value of ~US$ 261 Mn by the end of 2027.
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The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touch points. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
Key Players of Oxygen Conserving Devices Report:
- Inogen Inc.
- GCE Group
- Precision Medical, Inc
- Drive DeVilbiss International
- Medline Industries, Inc.
- Graham-Field Health Products
- Inovo, Inc
- Essex Industries
- Krober Medizintechnik
These players are focused on implementation of organic and inorganic growth strategies and development & launch of novel oxygen conservers, which includes portable, lightweight, reliable devices for pediatric and adult population. These strategies are likely to strengthen their product portfolio and global presence. Moreover, companies are engaging in manufacture and supply of leading brands in order to improve patient care and remain competitive in the oxygen conserving devices market.
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