Press release
Oxygen Conserving Devices Market is Estimated to Reach USD 1836.63 Million By 2030: Cognitive Market Research
Oxygen Conserving Devices Market is Estimated to Reach USD 1836.63 Million By 2030: Cognitive Market Research
- An Oxygen Conserving Device (OCD) is an excellent option for patients on continuous oxygen therapy. These devices regulate the flow of oxygen between the patient and the oxygen cylinder. This device greatly increases the life of the oxygen tank, as it lasts three times longer than cylinders without this device. OCD avoids a continuous flow of oxygen to the nostrils, thus improving mobility and comfort, making oxygen therapy less intrusive and more effective.
Summary:
• Global Oxygen Conserving Devices Market Size Was Valued at USD 834.70 Million In 2023 And Is Expected to Grow at A CAGR Of 10.36% During the Forecast Period, Reaching USD 1836.63 Million By 2030 - Exclusive Report by Cognitive Market Research
• The increasing incidences of chronic diseases along with a surge in interest of patients in adopting long-term oxygen therapy is the major driving factor for the growth of the oxygen-conserving devices market.
• North America is accounted for the largest share of the oxygen-conserving devices market.
To know more The Oxygen Conserving Devices Market statistics click here: https://www.cognitivemarketresearch.com/respiratory-care-devices-market-report
Market Dynamics:
- The increasing incidences of chronic diseases along with a surge in interest of patients in adopting long-term oxygen therapy is the main driving factor contributing to the growth of the global oxygen-conserving devices market during the forecast period. OCD allows patients to move more easily and freely than traditional methods of oxygen delivery. This improves the quality of life and enables patients to participate in daily life. Additionally, the rising need for improved patient compliance with oxygen therapy is another factor that boosts market growth during the forecast period. Oxygen-conserving devices can help improve patient compliance with oxygen therapy because they are more convenient and easier to use than traditional oxygen delivery methods, which can lead to better patient outcomes.
However, the inability to sufficiently oxygenate some patients during exertion or emergency states may obstruct the growth of the global oxygen-conserving devices market in near future. Further, Wearable OCD is potential development in the field of healthcare that patients can use while going about their daily activities. This is expected to create great opportunities for the market during the forecast period.
Global Oxygen Conserving Devices market segmentation:
- Product
• Reservoir Oxygen Delivery Devices
• Electromechanical Pulsing Devices
• Transtracheal Catheters
• Others
Reservoir oxygen delivery devices held the major revenue share in terms of product
The reservoir oxygen delivery devices segment leads the revenue share in terms of product type due to the rising demand for respiratory care. A reservoir oxygen delivery device is an oxygen therapy device used to deliver supplemental oxygen to patients with respiratory diseases. These devices are designed to store oxygen for use during inhalation, which helps conserve oxygen and reduce the frequency of oxygen tank refills.
- End-use
• Hospitals & Clinics
• Long-term Care Units
• Home Care
Based on end use, hospitals & clinics acquired a major share in 2022
Hospitals & clinics acquired a major share in 2022. It is attributed to hospitals and clinics often using oxygen-conservating devices (OCDs) to deliver oxygen therapy to patients with respiratory conditions. OCDs are designed to conserve oxygen and extend the duration of use for oxygen tanks or concentrators, which can be especially important in hospital settings.
- Competitive Analysis for Oxygen Conserving Devices Market:
Philips Healthcare, Resmed, Medtronic, Masimo, Fisher & Paykel Healthcare, Becton Dickinson and Company (BD), Invacare, Chart Industries, Dragerwerk AG, Hamilton Medical.
Get free sample pages of latest published Oxygen Conserving Devices Market Report: https://www.cognitivemarketresearch.com/respiratory-care-devices-market-report
North America dominated the oxygen-conserving devices market.
- North America accounted for relatively the largest share of the oxygen-conserving devices market during the forecast period. It is mainly because of an increasing number of patients with chronic obstructive pulmonary disease, the rise in government support regarding the use of OCDs, and the upsurge in demand for medical equipment from health providers. OCDs are widely available in North America, where these devices play an important role in respiratory care. Thus, to enhance the efficiency of oxygen therapy there is an increased demand for the oxygen-conserving devices market in North America.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Oxygen Conserving Device Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Oxygen Conserving Device Market Segmentation
1.5.1 Oxygen Conserving Device Market Regional Fragmentation
1.5.1 Oxygen Conserving Device Market Players
• 1.6 Report Duration
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Oxygen Conserving Device Market
• 3.1 Global Oxygen Conserving Device Market Size 2018 - 2030, (USD Million)
• 3.2 Global Oxygen Conserving Device Market Statistics 2022: Snapshot
Chapter 4 Global Oxygen Conserving Device Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Oxygen Conserving Device Market by Product Segmentation Analysis (2018-2030)
Chapter 9 Global Oxygen Conserving Device Market by End-use Segmentation Analysis (2018-2030)
Chapter 10 Global Oxygen Conserving Device Market Regional Analysis
Chapter 11 North America Oxygen Conserving Device Market Outlook (2018 - 2030)
Chapter 12 Europe Oxygen Conserving Device Market Outlook (2018 - 2030)
Chapter 13 Asia Pacific Oxygen Conserving Device Market Outlook (2018 - 2030)
Chapter 14 Latin America Oxygen Conserving Device Market Outlook (2018 - 2030)
Chapter 15 Middle East and Africa Oxygen Conserving Device Market Outlook (2018 - 2030)
Chapter 16 Research Findings
To know more Oxygen Conserving Devices Market TOC click here: https://www.cognitivemarketresearch.com/respiratory-care-devices-market-report#table_of_contents
Related report:
• Respiratory care devices market- https://www.cognitivemarketresearch.com/respiratory-care-devices-market-report
• Digital therapeutics market- https://www.cognitivemarketresearch.com/digital-therapeutics-market-report
• Medical device market- https://www.cognitivemarketresearch.com/medical-devices-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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