Report Overview

Global Oxygen Conserving Device Market - Industry Trends & Forecast Report 2028

The global oxygen conserving device market was worth USD 1,296.8 million in 2021, and it is further projected to reach USD 2,637.5 million by 2028, at a CAGR of 11.1% during 2022-2028 (forecast period). The market's growth can be attributed to the increasing geriatric population and the increasing number of respiratory diseases among people. According to the NIH (National Institutes of Health), nearly 12 million adults have been diagnosed with COPD (Chronic Obstructive Pulmonary Disease) in the U.S., and 120,000 people die each year due to the disease. Additionally, 12 million adults in the United States suffer from undiagnosed COPD. The patient population has increased globally owing to an increase in the prevalence of chronic respiratory diseases, which has boosted the demand for oxygen conserving devices.

Oxygen Conserving Device: A Brief Overview

An oxygen conserver is a device that regulates oxygen flow from an oxygen tank, and it can be either fixed or demand pulse, pneumatic or electronic. Oxygen is only delivered when the patient inhales, which increases efficiency, Oxygen conservers are devices used to optimize the flow of oxygen by adjusting the supply of the oxygen as per the demand of the pulse or through a fixed pulse.

Oxygen conserving devices (OCDs) are of two types such as fixed pulse type and demand pulse type. The OCD only releases oxygen when the patient inhales, allowing the patient to use the oxygen supply for longer periods of time. The lack of continuous oxygen flow to the nose allows patients to move more freely and feel more comfortable. Eventually, OCDs appear to make oxygen therapy more efficient, portable, and less intrusive.

Oxygen Conserving Device Market Trends

Growth Drivers

Increasing Prevalence of Respiratory Disease Driving the Global Oxygen Conserving Device Market

Oxygen conserving devices are being extensively used by patients suffering from respiratory diseases, chronic obstructive pulmonary disease (COPD), asthma, advanced lungs disease, etc., who require constant oxygen. The increasing cases of chronic respiratory diseases across the globe are adding flow to the growth of the global oxygen conserving devices market. According to the WHO, COPD affects about 65 million people worldwide and kills 3 million residents every year. Additionally, the portable nature of oxygen conserving devices makes them ideal for home care, thereby driving the market’s growth.

Restraints

Stringent Regulations Hinders the Growth of Global Oxygen Conserving Device Market

Anything related to the medical field is highly regulated in today's world. Government organizations and non-government organizations closely monitor all activities related to the medical field and strict regulations are set by global and local governing bodies as per the requirements. Oxygen conserving devices are manufactured as per the guidelines of the WHO-UNICEF and regional governing bodies. Apart from this, ISO (the International Organization for Standardization) also works closely with the IEC (International Electrotechnical Commission) on all matters of electrotechnical standardization. Additionally, the WHO has also released specifications for the use of oxygen conserving devices due to lack of oxygen supplies, especially in regards to the treatment of childhood pneumonia. As a consequence of the strict guidelines issued by both domestic and global governing bodies, companies may opt out of the oxygen-conversion devices market, which may hinder market growth over the forecast period.

Impact of COVID-19 On the Global Oxygen Conserving Device Market

The COVID-19 pandemic has impacted the growth of oxygen conserving devices in a positive manner. The increasing cases of COVID-19 have increased the demand for oxygen conserving devices globally. UNICEF supports 26 oxygen plants and 4000 oxygen concentrators in India as the country continues to grapple with COVID-19. As many countries struggle with a lack of oxygen supplies for COVID-19 positive patients, the oxygen conserver market has witnessed substantial growth in the second wave of COVID-19. As demand for oxygen to combat COVID-19 grows, so does the OCD market for oxygen-conserving devices.

Global Oxygen Conserving Device – By Type

Based on types, the global oxygen conserving devices are fragmented into oxygen conserver and oxygen conserver parts and accessories. The oxygen conserver is further segmented into Reservoir Oxygen Delivery Devices, Electromechanical Pulsing Devices, Transtracheal Catheters. Reservoir oxygen, also called reservoir cannulas, held the largest market share due to its high adoption rate. Additionally, the transtracheal catheters segment is predicted to grow at a steady rate during the forecast period. The performance of the products is much like that of reservoir oxygen delivery systems.

Global Oxygen Conserving Device Market- By Indication

In terms of indications, the oxygen conserving devices market is segmented into emphysema, chronic bronchitis, sleep apnea, and others. The chronic bronchitis held the prominent share of the oxygen conserving devices market in 2021. It is expected to maintain its dominance in the market as it is the most common COPD disease in the U.S. As per the National Health Interview Survey in 2021, chronic bronchitis affects around 9 million people in the U.S. On the other hand, emphysema affects 4 million people in the country. These factors are contributing to the segment’s growth.

Global Oxygen Conserving Device Market – By End-users

The oxygen conserving devices market is fragmented into hospitals, home care settings, and others in terms of the end-user segment.  The hospital segment holds a majority share of the market due to its well-established infrastructure and expertise. On the other hand, the home care segment is expected to expand at a significant CAGR, due to the efficient use of oxygen conserving devices in household settings for supplementing oxygen. After the COVID-19 pandemic, the demand for OCD in the homecare segment has dramatically increased, and this trend is expected to continue in the future.

Global Oxygen Conserving Device Market- Regional Insights

North America, Europe, the Asia Pacific, Latin America, the Middle East, and Africa make up the global oxygen conserving device market. Among these regions, North America dominated the OCD market in 2021. Followed by North America, the Asia-Pacific is anticipated to grow at a higher CAGR during the forecast period. According to the Journal of Lung Pulmonary and Respiratory Research, an estimated 500,000 deaths have been recorded due to COPD in India every year, which driving the demand for oxygen conserving devices.

Competitive Landscape

The global oxygen conserving devices market is highly fragmented. For the past few years, global as well as domestic players have been offering a variety of oxygen conserving devices, including pneumatic, liquid oxygen, and disposable types, to gain a competitive edge.

The key players dominating the oxygen conserving devices market are Inogene Inc, GCE Group, Precision Medical, Inc, Drvie DeVilbiss International, Medline Industries Inc, Graham-Field Health Products, Inovo Inc, Essex Industries, Krober Medizintechnik, and other prominent players.

Recent Development

• In August 2021, a new breathing device was created by engineers, scientists, and doctors from the University of Leeds, Leeds Teaching Hospitals NHS Trust, Bradford Teaching Hospitals NHS Foundation Trust, Medical Aid International, and the Mengo Hospital in Uganda. The new device provides a form of oxygen therapy called continuous positive airway pressure (CPAP) and was created for low- to middle-income countries.

Scope of Report

By Type

• Oxygen Conserver
• Reservoir Oxygen Delivery Devices
• Electromechanical Pulsing Devices
• Transtracheal Catheters
• Oxygen Conserver Parts And Accessories

By Indications

• Chronic Bronchitis
• Emphysema
• Sleep Apnea
• Others 

By End-users

• Hospitals
• Homecare
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Research Methodology
   1. Qualitative Research
      1. Primary & Secondary Research
   2. Quantitative Research
   3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
   4. Breakdown of Primary Research Respondents, By Region
   5. Assumption & Limitation
3. Executive Summary
4. Global Oxygen Conserving Devices Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   3. Technological Landscape/Recent Development
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
5. Global Oxygen Conserving Devices Market Overview
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
         1. Oxygen Conserver
            1. Reservoir Oxygen Delivery Devices
            2. Electromechanical Pulsing Devices
            3. Transtracheal Catheters
         2. Oxygen Conserver Parts and Accessories.

1. 1. 2. By Indication
         1. Chronic Bronchitis
         2. Emphysema
         3. Sleep Apnea
         4. Others 

5. 1. 3. By End Users
         1. Hospitals
         2. Homecare Setting
         3. Others
      4. By Region
         1. North America
         2. Europe
         3. The Asia Pacific
         4. Latin America
         5. The Middle East and Africa
6. North America Oxygen Conserving Devices Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
      2. By Indication
      3. By End Users
      4. By Country
         1. United States
         2. Canada
7. Europe Oxygen Conserving Devices Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
      2. By Indication
      3. By End Users
      4. By Country
         1. Germany
         2. United Kingdom
         3. Italy
         4. France
         5. Spain
         6. Rest of Europe
8. Asia Pacific Oxygen Conserving Devices Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
      2. By Indication
      3. By End users
      4. By Country
         1. China
         2. India
         3. Japan
         4. South Korea
         5. Rest of Asia Pacific
9. Latin America Oxygen Conserving Devices Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
      2. By Indication
      3. By End Users
      4. By Country
         1. Brazil
         2. Mexico
         3. Rest of Latin America
10. Middle East & Africa Oxygen Conserving Device Market
    1. Market Size & Forecast by Value, 2018-2028
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Type
       2. By Indication
       3. By End Users
       4. By Country
          1. Saudi Arabia
          2. UAE
          3. South Africa
          4. Rest of Middle East & Africa
11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis, 2021
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Development (Merger, Acquisition, Partnership)
12. Impact of Covid-19 on Global oxygen conserving devices Market Industry
13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
    1. Inogen Inc.
    2. GCE Group
    3. Precision Medical, Inc
    4. Drive DeVilbiss International
    5. Medline Industries, Inc.
    6. Graham-Field Health Products
    7. Inovo, Inc
    8. Essex Industries
    9. Krober Medizintechnik
    10. GF Health Products, Inc.
    11. Other Prominent Players.
14. Key Strategic Recommendations

*Financial information in case of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

List of Figures

Figure 1        Global Oxygen Conserving Device Segmentation

Figure 2        Global Oxygen Conserving Device Market Value Chain Analysis

Figure 3        Company Market Share Analysis, 2021

Figure 4        Global Oxygen Conserving Device Market Size, By Value (USD Million), 2018-2028

Figure 5        Global Oxygen Conserving Device Market Share, By Type, By Value, 2018-2028

Figure 6        Global Oxygen Conserving Device Market Share, By Indication, By Value, 2018-2028

Figure 7        Global Oxygen Conserving Device Market Share, By End User, By Value, 2018-2028

Figure 8        Global Oxygen Conserving Device Market Share, By Region, By Value, 2018-2028

Figure 9        North America Oxygen Conserving Device Market Size, By Value (USD Million), 2018-2028

Figure 10       North America Oxygen Conserving Device Market Share, By Type, By Value, 2018-2028

Figure 11       North America Oxygen Conserving Device Market Share, By Indication, By Value, 2018-2028

Figure 12       North America Oxygen Conserving Device Market Share, By End User, By Value, 2018-2028

Figure 13       North America Oxygen Conserving Device Market Share, By Country, By Value, 2018-2028

Figure 14       Europe Oxygen Conserving Device Market Size, By Value (USD Million), 2018-2028

Figure 15       Europe Oxygen Conserving Device Market Share, By Type, By Value, 2018-2028

Figure 16       Europe Oxygen Conserving Device Market Share, By Indication, By Value, 2018-2028

Figure 17       Europe Oxygen Conserving Device Market Share, By End User, By Value, 2018-2028

Figure 18       Europe Oxygen Conserving Device Market Share, By Country, By Value, 2018-2028

Figure 19       The Asia-Pacific Oxygen Conserving Device Market Size, By Value (USD Million), 2018-2028

Figure 20       The Asia-Pacific Oxygen Conserving Device Market Share, By Type, By Value, 2018-2028

Figure 21       The Asia-Pacific Oxygen Conserving Device Market Share, By Indication, By Value, 2018-2028

Figure 22       The Asia-Pacific Oxygen Conserving Device Market Share, By End User, By Value, 2018-2028

Figure 23       The Asia-Pacific Oxygen Conserving Device Market Share, By Country, By Value, 2018-2028

Figure 24       Latin America Oxygen Conserving Device Market Size, By Value (USD Million), 2018-2028

Figure 25       Latin America Oxygen Conserving Device Market Share, By Type, By Value, 2018-2028

Figure 26       Latin America Oxygen Conserving Device Market Share, By Indication, By Value, 2018-2028

Figure 27       Latin America Oxygen Conserving Device Market Share, By End User, By Value, 2018-2028

Figure 28       Latin America Oxygen Conserving Device Market Share, By Country, By Value, 2018-2028

Figure 29       The Middle East & Africa Oxygen Conserving Device Market Size, By Value (USD Million), 2018-2028

Figure 30       The Middle East & Africa Oxygen Conserving Device Market Share, By Type, By Value, 2018-2028

Figure 31       The Middle East & Africa Oxygen Conserving Device Market Share, By Indication, By Value, 2018-2028

Figure 32       The Middle East & Africa Oxygen Conserving Device Market Share, By End User, By Value, 2018-2028

Figure 33       The Middle East & Africa Oxygen Conserving Device Market Share, By Country, By Value, 2018-2028

List of Tables

Table 1         Global Oxygen Conserving Device Market Size, By Type, By Value, 2018-2028

Table 2         Global Oxygen Conserving Device Market Size, By Indication, By Value, 2018-2028

Table 3         Global Oxygen Conserving Device Market Size, By End User, By Value, 2018-2028

Table 4         Global Oxygen Conserving Device Market Size, By Region, By Value, 2018-2028

Table 5         North America Oxygen Conserving Device Market Size, By Type, By Value, 2018-2028

Table 6         North America Oxygen Conserving Device Market Size, By Indication, By Value, 2018-2028

Table 7         North America Oxygen Conserving Device Market Size, By End User, By Value, 2018-2028

Table 8         North America Oxygen Conserving Device Market Size, By Country, By Value, 2018-2028

Table 9         Europe Oxygen Conserving Device Market Size, By Type, By Value, 2018-2028

Table 10        Europe Oxygen Conserving Device Market Size, By Indication, By Value, 2018-2028

Table 11        Europe Oxygen Conserving Device Market Size, By End User, By Value, 2018-2028

Table 12        Europe Oxygen Conserving Device Market Size, By Country, By Value, 2018-2028

Table 13        The Asia-Pacific Oxygen Conserving Device Market Size, By Type, By Value, 2018-2028

Table 14        The Asia-Pacific Oxygen Conserving Device Market Size, By Indication, By Value, 2018-2028

Table 15        The Asia-Pacific Oxygen Conserving Device Market Size, By End User, By Value, 2018-2028

Table 16        The Asia-Pacific Oxygen Conserving Device Market Size, By Country, By Value, 2018-2028

Table 17        Latin America Oxygen Conserving Device Market Size, By Type, By Value, 2018-2028

Table 18        Latin America Oxygen Conserving Device Market Size, By Indication, By Value, 2018-2028

Table 19        Latin America Oxygen Conserving Device Market Size, By End User, By Value, 2018-2028

Table 20        Latin America Oxygen Conserving Device Market Size, By Country, By Value, 2018-2028

Table 21        The Middle East & Africa Oxygen Conserving Device Market Size, By Type, By Value, 2018-2028

Table 22        The Middle East & Africa Oxygen Conserving Device Market Size, By Indication, By Value, 2018-2028

Table 23        The Middle East & Africa Oxygen Conserving Device Market Size, By End User, By Value, 2018-2028

Table 24        The Middle East & Africa Oxygen Conserving Device Market Size, By Country, By Value, 2018-2028

Table 25        Inogen Inc. Company Overview

Table 26        Inogen Inc. Financial Overview

Table 27        GCE Group Company Overview

Table 28        GCE Group Financial Overview

Table 29        Drive DeVilbiss International Company Overview

Table 30        Drive DeVilbiss International Financial Overview

Table 31        Medline Industries, Inc. Company Overview

Table 32        Medline Industries, Inc. Financial Overview

Table 33        Inovo, Inc Company Overview

Table 34        Inovo, Inc Financial Overview

Table 35        Krober Medizintechnik Company Overview

Table 36        Krober Medizintechnik Financial Overview

Table 37        GF Health Products, Inc. Company Overview

Table 38        GF Health Products, Inc. Financial Overview