The global oxygen conserving devices market is surging from a US$ 1.6 billion valuation in 2022 to end up at a market valuation of US$ 4.8 million by 2032. Shipments of oxygen conserving devices are projected to increase at a stellar CAGR of 11.6% over the next ten years.
The market for oxygen conserving devices in the United States is anticipated to exhibit expansion at an impressive CAGR of 10.8% owing to the presence of developed healthcare infrastructure and the high availability of different types of portable oxygen conserving devices.
Key stakeholders in the oxygen conserving devices market are expected to focus on strategies that help them expand their business network across the world. Companies in the oxygen conserving devices market are expected to ink new agreements that expand their sales and services to drive revenue generation capacity.
- In August 2022, Belluscura PLC, a medical device developer announced that it had entered into an agreement with VGM Group Inc. Through this agreement VGM immediately gains access to Belluscura’s modular portable oxygen concentrator, X-PLOR.
- In September 2022, CAIRE Inc., a leading oxygen equipment manufacturer expanded its service support network by making Repair Authority a part of its authorized service center network in the United States.
Oxygen Conserving Devices Industry Research Segments
By Product :
- Reservoir Oxygen Delivery Devices
- Electromechanical Pulsing Devices
- Transtracheal Catheters
By End User :
- Hospitals & Clinics
- Long-term Care Units
- Home Care
By Region :
- North America
- Latin America