openPR Logo
Press release

Oxygen Conserving Market to Reach $2.56 billion in Valuation by 2025, Rising at 13.1% CAGR during 2020-2025 Period

05-04-2021 02:08 PM CET | Health & Medicine

Press release from: Credible Markets

Oxygen Conserving

Oxygen Conserving

The global oxygen conserving devices market is likely to reach $2.56 billion in valuation, due to rising demand to treat large population covid-19 patients. According to Centre for Disease Control and Prevention or CDC, the US today is home to over 27 million coronavirus cases, and over 450,00 deaths.

According to a 2020 study published in the New England Journal of Medicine, there is a chronic shortage of mechanical ventilators in the North America region. The study estimates that the US may require another million ventilators to meet worst case scenarios. Moreover, there were over 24 million Asthma patients in the US in 2020. These patients will require intubation services during initial stages of testing, making the task of providing oxygen almost unmanageable. Hence, it is the need of the hour in cities like Los Angeles to purchase portable, individually-owned, and operated devices. This will likely remain the key driver of growth for players in the global oxygen conserving devices market.

Download FREE Sample Copy of Oxygen Conserving Market Report @ https://www.crediblemarkets.com/sample-request/oxygen-conservation-devices-systems-market-7824

Global Oxygen Conserving Market: Key Players
Responsive Respiratory, Inc.
GCE Group
Air Liquide
Invacare Corporation
Medical Depot, Inc. (Drive DeVilbiss Healthcare)
Medline Industries, Inc.
Precision Medical, Inc.
HERSILL, S.L.
Essex Industries, Inc.

Global Oxygen Conserving Market: By Types
Reservoir Oxygen Delivery Devices
Electromechanical Pulsing Devices
Transtracheal Catheters
Others

Global Oxygen Conserving Market: By Applications
Hospitals & Clinics
Long-term Care Units
Home Care

Global Oxygen Conserving Market: Regions
• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia, Spain and Benelux)
• Asia Pacific (China, Japan, India, Southeast Asia and Australia)
• Latin America (Brazil, Argentina and Colombia)
• Middle East and Africa

Direct Purchase Oxygen Conserving Market Research Report Now @ https://www.crediblemarkets.com/reports/purchase/oxygen-conservation-devices-systems-market-7824?utf8=%E2%9C%93&license_type=single_user

Growing Oxygen Supply Challenges to Drive Tremendous Growth in Short Term
According to scientific data predicting models, cities like Los Angeles likely inhibit one-third population, or over 3 million coronavirus patients. Additionally, the pandemic supply chain for oxygen support remains weak, as massive volumes of cold liquid oxygen has frozen equipment in some areas, making it difficult to deliver it to the needy. Furthermore, as coronavirus damages the lungs, inhabitants living in hot weather places like Los Angeles require high doses of oxygen, a specialty application of oxygen conserving devices. The increasing shortage of oxygen supply, the effective, and portable application of oxygen conserving devices will drive major growth in the global oxygen conserving devices market.
According to large studies conducted in China, nearly 3.2% of all covid-19 patients require ventilation. Furthermore, among patients admitted to intensive care, over 50% of patients require mechanical ventilation. Additionally, low levels of national stockpiles also remain a major concern. For example, the Administrator for the Centres for Medicare and Medicaid, Seema Verma reported on March, 13, 2020 that the federal stockpile had 12,000 to 13,000 additional mechanical ventilators. These ventilators will also be difficult to access, as once approved through a procedure, these can take somewhere between 24 to 36 hours to deploy. Moreover, the spread of Covid-19, and rising cases has put people with diseases Asthma, and COPD at increased risks. The chronic shortage of mechanical ventilation, and growing drive to avert the tragedy of high-mortality rates during Covid-19 will promise major growth for players in the global oxygen conserving devices market.

Reservoir Oxygen Delivery Devices Likely to Occupy Largest Market Share
The early introduction of reservoir oxygen delivery devices, and their high adoption led them to hold the largest market share in 2016. The devices are known to improve the efficacy of oxygen, and are recommended for patients with higher flow requirements. These remain an inexpensive, reliable, and easy-to-use offering. This is expected to drive tremendous growth to meet short-term intubation needs for covid-19 patients. Furthermore, the electromechanical pulsing devices will also witness a robust growth with CAGR upwards of 10% during the forecast period. These devices are ideal for catering to demands for patient mobility, extending tank life, and help breathe easy during initial stages. Their advantage of providing high-burst in a rapid manner can be ideal in cities like Los Angeles, and their high-efficiency will keep help them get noticed easily in hospitals. The trans tracheal catheters segment is expected to register a steady growth, due to their highly-efficient operation. These machines can be used for a wide range of diseases with operational abilities to control oxygen flows depending on the needs. However, these remain susceptible to thick secretions, and mucus, and require regular cleaning. Their ability to provide intubation for a wide range of diseases will lead to a steady growth, as covid-19 remains the most pressing need in the healthcare sector.

Rising Demand to Treat Asthma and COPD Patients to Drive Growth
According to CDC, there are over 24.8 million Asthma patients in the US. Moreover, the World Health Organization estimates that there were over 339 million Asthma patients worldwide in 2016. Asthma also affects children in similar proportion to adults, with prevalence among children, and adults remains 7.5%, and 7.7% respectively. Furthermore, nearly 16 million Americans suffer from Chronic Obstructive Pulmonary Disorder (COPD). The CDC also estimates that people with low pulmonary functions, over 50%, were not aware that they were suffering from COPD. This can be a major challenge during the coronavirus pandemic, as these people with lack of knowledge can face disproportionate risks to severe respiratory challenges.
Furthermore, due to social and economic aspects, women with COPD conditions are at severe risks from coronavirus-induced respiratory challenges. The COPD is a third leading cause of death for women in the United States. Despite major improvements in death rates among men in United States, death rates for women still hover around the same numbers. CDC also estimates that women are more adversely affected by indoor air pollution, tobacco consumption, and environmental impacts. Furthermore, women are often diagnosed later, and miss out on the benefits of early treatment.

Do You Have Any Query or Specific Requirement? Ask to Our Industry Expert @ https://www.crediblemarkets.com/enquire-request/oxygen-conservation-devices-systems-market-7824

The report can answer the following questions:
• North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Oxygen Conserving industry.
• Global major manufacturers’ operating situation (sales, revenue, growth rate and gross margin) of Oxygen Conserving industry.
• Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Oxygen Conserving industry.
• Different types and applications of Oxygen Conserving industry, market share of each type and application by revenue.
• Global market size (sales, revenue) forecast by regions and countries from 2019 to 2026 of Oxygen Conserving industry.
• Upstream raw materials and Oxygen Conserving equipment, industry chain analysis of Oxygen Conserving industry.
• SWOT analysis of Oxygen Conserving industry.
• New Project Investment Feasibility Analysis of Oxygen Conserving industry.

Read More: https://crediblemarkets.com/press-releases/oxygen-conserving-market-to-reach-2-56-billion-in-valuation-by-2025-rising-at-13-1-cagr-during-2020-2025-period

Contact Us
Credible Markets Analytics
99 Wall Street 2124 New York, NY 10005
Email: sales@crediblemarkets.com

About US
Credible Markets has emerged as a dependable source for the market research needs of businesses within a quick time span. We have collaborated with leading publishers of market intelligence and the coverage of our reports reserve spans all the key industry verticals and thousands of micro markets. The massive repository allows our clients to pick from recently published reports from a range of publishers that also provide extensive regional and country-wise analysis. Moreover, pre-booked research reports are among our top offerings.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Oxygen Conserving Market to Reach $2.56 billion in Valuation by 2025, Rising at 13.1% CAGR during 2020-2025 Period here

News-ID: 2279611 • Views: 97

More Releases from Credible Markets

Australia IT Outsourcing Market Size, By Type, By Applications(Aerospace & Defen …
A recent market research report added to repository of Credible Markets is an in-depth analysis of Australia IT Outsourcing Market. On the basis of historic growth analysis and current scenario of IT Outsourcing market place, the report intends to offer actionable insights on Australia market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tools
United States Drayage Market Size, By Type(Seaway, Railway), By Applications(Ele …
A recent market research report added to repository of Credible Markets is an in-depth analysis of United States Drayage Market. On the basis of historic growth analysis and current scenario of Drayage market place, the report intends to offer actionable insights on United States market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tools
Europe Automatic Fare Collection (AFC) Systems Market Size, By Type(Magnetic Str …
A recent market research report added to repository of Credible Markets is an in-depth analysis of Europe Automatic Fare Collection (AFC) Systems Market. On the basis of historic growth analysis and current scenario of Automatic Fare Collection (AFC) Systems market place, the report intends to offer actionable insights on Europe market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn
Europe PET Recycling Market Size, By Product Type(Clear, Colored), By End-User(F …
A recent market research report added to repository of Credible Markets is an in-depth analysis of Europe PET Recycling Market. On the basis of historic growth analysis and current scenario of PET Recycling market place, the report intends to offer actionable insights on Europe market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tools

All 5 Releases


More Releases for Oxygen

Oxygen Conservation Devices Market, By Product Type (Pneumatic Oxygen Conserver …
Oxygen conservation devices are mainly of two types – pneumatic oxygen conservation devices and electronic oxygen conservation devices. Pneumatic oxygen conservation devices use high pressure of oxygen gas and do not require any external power source such as battery, whereas electronic oxygen conservation devices are battery supported. For instance, Invacare’s Invacare Pneumatic Oxygen Conserver is a pneumatic oxygen conservation device, which has an on and off selector knob coupled with
Supplemental Oxygen White Paper
Publisher Research announces that it has published a new study Supplemental Oxygen Can Remedy both Low and High Carbon Dioxide Blood Levels to Improve Endurance: White Paper. The 2017 White Paper has 14 pages. Supplemental oxygen used before and after exercise provides a key benefit of increasing endurance. Request Sample Copy at http://www.reportsweb.com/inquiry&RW00011308039/sample The conventional wisdom that we have all heard “exercise more and lose weight” is quite well established in
Global Consumer Oxygen Equipment Market Outlook 2017 Boost Oxygen, Oxygen Plus, …
Consumer Oxygen Equipment Industry Research Report 2017 A market study ” Consumer Oxygen Equipment Market ” will help you understand, formulate and implement strategic decisions by offering critical data, insights and analysis from technology as well as commercial perspective on the Consumer Oxygen Equipment market. It encloses an in-depth Research of the Consumer Oxygen Equipment market state and the competitive landscape globally. This report consist of comprehensive market data, on a
Exercise Oxygen Equipment Market 2017 - Boost Oxygen, Oxygen Plus, SeQual, Phili …
Apex Research announces that it has published a new study Exercise Oxygen Equipment: Market Shares, Strategy, and Forecasts, Worldwide, 2016 to 2022. The 2016 study has 360 pages, 145 tables and figures. Worldwide Exercise Oxygen Equipment markets are poised to achieve significant growth as consumer oxygen markets emerge from the trial phase to be used in sports clubs, by athletic teams, and in corporate gyms to increase the
Urbane Living: Oxygen Printed Wallcoverings
London – January 18 2017. Relax in a tropical paradise from the comfort of your own home with Urbane Living’s stunning Oxygen wallcovering collection. With a wide range of different designs taking inspiration from stylish botanical prints, the Oxygen collection provides a plethora of options for trying out the trend, whether you prefer a bold design or something more subtle. Palm fronds and tropical foliage have been popular design motifs in recent
New Release of Oxygen XML Editor, Oxygen XML Author and Oxygen XML Developer, ve …
Syncro Soft SRL, the producer of Oxygen XML Editor, has announced the immediate availability of version 13.2 of its XML Editor containing a comprehensive set of tools supporting all the XML related technologies. Oxygen combines content author features like the CSS driven Visual XML editor with a fully featured XML development environment. It has ready-to-use support for the main document frameworks DITA, DocBook, TEI and XHTML and also includes support