Oxygen Conservers Market Report 2024 (Global Edition)

Global Oxygen Conservers Market Report 2024 Market Size Split by Product (Reservoir Oxygen Delivery Devices, Electromechanical Pulsing Devices, Transtracheal Catheters, Others), by End-Use (Hospitals ...

Oxygen Conservers Market Report Description

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Oxygen Conservers Market Insights Video

Competitive Landscape of the Oxygen Conservers Market

The competitive landscape of the Oxygen Conservers market stands out due to its extensive range of players competing to gain market share through Product innovation, strategic partnerships, and aggressive marketing efforts. Key players in the market include established medical device manufacturers, specialized Oxygen Conservers companies, and emerging start-ups aiming to disrupt the market with innovative solutions.

August 2021: Engineers, scientists, and physicians from the University of Leeds, The Leeds Teaching Hospitals NHS Trust, Medical Aid International, Bradford Teaching Hospitals NHS Foundation Trust, and the Mengo Hospital in Uganda have created a novel breathing apparatus. This innovative gadget offers Continuous Positive Airway Pressure (CPAP) oxygen therapy, which was developed for low—to middle-income nations.

(Source:https://www.leeds.ac.uk/news-global/news/article/4898/covid-breathing-aid-safe-and-well-tolerated)

April 2020: Many of Medline's more than 300 workers live and work in Western Sydney. The company has assumed responsibility for ensuring a safe supply of Medline goods to consumers along with offering a secure workplace for its workforce. Therefore, by December 1st, all Australian workers of Medline Australia will need to have had the COVID-19 vaccination.

(Source:https://www.medline.com.au/news/keeping-people-safe)

Top Companies Market Share in Oxygen Conservers Industry: (In no particular order of Rank)

• Medline Industries
• Inc. (U.S.)
• Invacare Corporation (U.S.)
• HERSILL (Spain)
• Inogen
• Inc. (U.S.)
• DeVilbiss Healthcare LLC (U.S.)
• Precision Medical
• Inc. (U.S.)
• Essex Industries
• Inc. (U.S.)
• HealthManagement.org (Belgium)
• Medical Homecare GmbH (Germany)
• Sunset Healthcare Solutions Inc. (U.S.)
• Air Liquide (France)
• Kröber Medizintechnik GmbH (Germany)
• Compass Health Brands (U.S.)
• Medtronic (Ireland)
• GlaxoSmithKline plc (UK)
• Inovo
• Inc. (U.S.)
• GF HEALTH PRODUCTS
• INC. (U.S.)
• Novartis AG (Switzerland)
• F. Hoffmann-La Roche Ltd (Switzerland)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Oxygen Conservers Market

Which Region Dominates the Oxygen Conservers Market in 2024?

According to Cognitive Market Research, North America led the market in 2024, accounting for almost 40% of worldwide sales. The Institute of Health Metrics and Assessment provides approximations that 6.7% of all recorded deaths in the United States occurred due to chronic respiratory disorders, mostly because of the rapidly rising prevalence of asthma and chronic obstructive lung disease. In the US, the death rate from chronic respiratory disorders rose by 30% depending on the kind of disease, county, and sex. Additionally, ongoing O2 treatment clinical trials and significant research and development spending are projected to drive the rise of the North American oxygen conservation market. The growing incidence of chronic respiratory illnesses in North America will result in a rise in the market share of oxygen conservation. This region is anticipated to grow rapidly throughout the projection period due to the growing number of oxygen treatment applications that have obtained FDA approval, including those for diabetes, cancer, autism, and other illnesses.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific stands out as the fastest-growing region in the Oxygen Conservers market. The demand for oxygen conservation devices in the nation is expected to be driven by the rise in COPD cases in Asia Pacific and the rise in disposable income. The Journal of Lung, Pulmonary & Respiratory Research estimates that COPD-related fatalities account for 500,000 deaths annually in India. Because of these circumstances, patients with chronic respiratory disorders increasingly require oxygen conservers as an alternate form of treatment.

 

The current report Scope analyzes Oxygen Conservers Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Oxygen Conservers Market

According to Cognitive Market Research, the global Oxygen Conservers market size was estimated at USD 1354.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 541.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.7% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Oxygen Conservers market with a market size of USD 427.39 million in 2024 and is projected to grow at a CAGR of 9.5% during the forecast period. The US has an advanced healthcare system with a large number of clinics, hospitals, and respiratory experts. As a result, cutting-edge medical innovations like oxygen savers are more widely adopted.
• The Canadian Oxygen Conservers market had a market share of USD 65.00 million in 2024 and is projected to grow at a CAGR of 10.5% during the forecast period. The population of Canada is getting older. Oxygen treatment and oxygen conservers may become more necessary as people age since respiratory issues are more likely to arise with age.
• The Mexico Oxygen Conservers market is projected to witness growth at a CAGR of 10.2% during the forecast period, with a market size of USD 49.29 million in 2024.

Europe Oxygen Conservers Market

According to Cognitive Market Research, the global Oxygen Conservers market size was estimated at USD 1354.2 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 406.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.

• The United Kingdom Oxygen Conservers market had a market share of USD 68.25 million in 2024 and is projected to grow at a CAGR of 10.8% during the forecast period. Initiatives to support home care for individuals with chronic respiratory disorders have been put in place by the UK government. Because oxygen savers are portable, there is room for expansion in this market trend. They make home care easier.
• The France Oxygen Conservers market is projected to witness growth at a CAGR of 9.2% during the forecast period, with a market size of USD 37.38 million in 2024.
• According to Cognitive Market Research, the German Oxygen Conservers market size was valued at USD 80.44 million in 2024 and is projected to grow at a CAGR of 10.2% during the forecast period. Germany's universal healthcare system covers a comprehensive spectrum of medical treatments. If determined to be medically required, this can facilitate patient access to oxygen savers, which could boost market expansion.
• The Italy Oxygen Conservers market is projected to witness growth at a CAGR of 9.4% during the forecast period, with a market size of USD 34.94 million in 2024.
• The Russian Oxygen Conservers market is projected to witness growth at a CAGR of 9.0% during the forecast period, with a market size of USD 62.97 million in 2024.
• The Spain Oxygen Conservers market is projected to witness growth at a CAGR of 9.1% during the forecast period with a market size of USD 33.31 million in 2024
• The Luxembourg Oxygen Conservers market is projected to witness growth at a CAGR of 10.1% during the forecast period, with a market size of USD 12.59 million in 2024.
• The Portugal Oxygen Conservers market is projected to witness growth at a CAGR of 9.8% during the forecast period, with a market size of USD 8.53 million in 2024.
• The Greece Oxygen Conservers market is projected to witness growth at a CAGR of 10.3% during the forecast period, with a market size of USD 4.88 million in 2024.
• Rest of Europe's Oxygen Conservers market is projected to witness growth at a CAGR of 8.7% during the forecast period, with a market size of USD 62.97 million in 2024.

Asia Pacific Oxygen Conservers Market

According to Cognitive Market Research, the global Oxygen Conservers market size was estimated at USD 1354.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 311.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.5% from 2024 to 2031.

• According to Cognitive Market Research, the China Oxygen Conservers market size was valued at USD 140.16 million in 2024 and is projected to grow at a CAGR of 13.0% during the forecast period. Because of the country's large population, chronic respiratory conditions like COPD are becoming more common. As a result, there is a larger patient base that may profit from oxygen treatment, which could raise the need for oxygen savers.
• The Japan Oxygen Conservers market is projected to witness growth at a CAGR of 12.0% during the forecast period, with a market size of USD 42.98 million in 2024.
• The India Oxygen Conservers market had a market share of USD 37.38 million in 2024 and is projected to grow at a CAGR of 15.3% during the forecast period. One of the main growth drivers might be the development of transportable, low-maintenance oxygen savers that are suitable for the varied geographical circumstances of India.
• The South Korean Oxygen Conservers market is projected to witness growth at a CAGR of 12.6% during the forecast period, with a market size of USD 31.15 million in 2024.
• The Australian Oxygen Conservers market is projected to witness growth at a CAGR of 13.2% during the forecast period, with a market size of USD 16.20 million in 2024.
• The South East Asia Oxygen Conservers market is projected to witness growth at a CAGR of 14.5% during the forecast period, with a market size of USD 21.49 million in 2024.
• The Rest of Asia Pacific Oxygen Conservers market is projected to witness growth at a CAGR of 13.3% during the forecast period, with a market size of USD 22.11 million in 2024.

South America Oxygen Conservers Market

According to Cognitive Market Research, the global Oxygen Conservers market size was estimated at USD 1354.2 Million, out of which Latin America market of more than 5% of the global revenue with a market size of USD 67.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.9% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Oxygen Conservers market size was valued at USD 28.98 million in 2024 and is projected to grow at a CAGR of 11.5% during the forecast period. The combination of oxygen conservation with telemedicine may allow medical professionals in Brazil's large regions to follow patients remotely.
• Argentina's Oxygen Conservers market had a market share of USD 11.38 million in 2024 and is projected to grow at a CAGR of 11.8% during the forecast period. Argentina was a major user of oxygen cylinders. However, because of its longer oxygen delivery and increased patient mobility, portable and user-friendly oxygen conservers are becoming more and more popular.
• Colombia's Oxygen Conservers market is projected to witness growth at a CAGR of 10.7% during the forecast period, with a market size of USD 6.03 million in 2024.
• Peru's Oxygen Conservers market is projected to grow at a CAGR of 11.1% during the forecast period, with a market size of USD 5.55 million in 2024.
• Chile's Oxygen Conservers market is projected to witness growth at a CAGR of 11.2% during the forecast period, with a market size of USD 4.88 million in 2024.
• The Rest of Latin America's Oxygen Conservers market is projected to witness growth at a CAGR of 10.0% during the forecast period, with a market size of USD 10.90 million in 2024.

Middle East and Africa Oxygen Conservers Market

According to Cognitive Market Research, the global Oxygen Conservers market size was estimated at USD 1354.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 27.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.2% from 2024 to 2031

• The GCC Countries Oxygen Conservers market is projected to witness growth at a CAGR of 12.0% during the forecast period, with a market size of USD 11.59 million in 2024. The GCC nations have large GDPs (Gross Domestic Product) per person, which has increased interest in cutting-edge healthcare options. This may result in higher spending on oxygen conservation for homecare and hospital settings alike.
• The Egypt Oxygen Conservers market is projected to witness growth at a CAGR of 11.5% during the forecast period, with a market size of USD 2.84 million in 2024.
• The South African Oxygen Conservers market is projected to witness growth at a CAGR of 12.2% during the forecast period, with a market size of USD 4.28 million in 2024. The goal of South Africa's public healthcare system is to make necessary medical services accessible. The market growth for oxygen conservers could be further accelerated if they are reimbursed or included on the national essential drug list.
• The Turkey Oxygen Conservers market is projected to witness growth at a CAGR of 10.7% during the forecast period, with a market size of USD 2.33 million in 2024.
• The Nigeria Oxygen Conservers market is projected to witness growth at a CAGR of 10.3% during the forecast period, with a market size of USD 2.84 million in 2024.
• The Rest of the MEA Oxygen Conservers market is projected to witness growth at a CAGR of 10.2% during the forecast period, with a market size of USD 3.20 million in 2024.

Oxygen Conservers Market Analysis

Oxygen Conservers Market Product Segment Analysis

According to Cognitive Market Research, Reservoir Oxygen Delivery Devices are the dominating category. This is due to the "reservoir cannulas" being a different name for them. The components that made for an early release and high adoption rate. For patients who need larger flow rates, these devices are usually recommended since they improve the effectiveness of O2 delivery. These goods are durable, easy to use, reasonably priced, and disposable, to mention a few advantages. Among products, the reservoir oxygen delivery devices sector is expected to drive market growth. These items' great dependability, affordability, convenience of use, and disability have all contributed to their rising demand in recent years.

Electromechanical Pulsing Devices is the fastest-growing category in the Oxygen Conservers market. The Oxygen Conservers Market is driven by the use of electromechanical pulsing devices, which are designed to deliver oxygen in a way that maximizes utilization, minimizes waste, and extends the life of oxygen tanks. Patients who require long-term oxygen therapy benefit most from these devices because they are more comfortable and efficient than continuous flow systems. Sensors and microprocessors are used in these devices to detect the start of inhalation and then deliver a precise, measured pulse of oxygen.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Oxygen Conservers Industry. Request a Free Sample PDF!

Oxygen Conservers Market End-Use Segment Analysis

According to Cognitive Market Research, the dominating category is Hospitals & Clinics. The Oxygen Conservers Market is significantly influenced by the end-use segment, which includes hospitals and clinics. For those with respiratory conditions that are both acute and chronic, these medical facilities need to have dependable and effective oxygen delivery systems. Hospitals and clinics utilize oxygen conservers to maximize oxygen utilization, lower expenses, and guarantee a steady supply during critical care. They are a vital component of contemporary respiratory treatment procedures in hospital settings because they improve patient outcomes, manage long-term oxygen therapy, and support emergency care.

The fastest-growing category in the Oxygen Conservers market is Home Care. The home care end-use segment largely drives the market for oxygen conservators. Oxygen savers that are portable and easy to use are in greater demand as more patients decide to obtain medical care at home. These gadgets improve patient mobility and independence by making oxygen therapy effective and convenient in non-clinical settings. Home care oxygen savers are the best option for long-term oxygen therapy, especially for elderly and chronic respiratory patients, because of their lightweight, user-friendly design and ability to maximize oxygen utilization.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Author's Detail

Anushka Gore

Research Associate at Cognitive Market Research

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Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.

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