Oxygen Conserving Devices Market Share to Perceive Substantial Growth by the End 2027

Growing Adoption of Oxygen Conserving Devices by Patients with Chronic Respiratory Diseases

Over the past couple of decades, the healthcare sector has witnessed a considerable amount of development, owing to the advent of new technologies, unmet needs, mounting demand for improved medication & treatment, and the onset of an array of medical devices. Oxygen therapy is considered the most reliable and effective treatment for patients suffering from chronic obstructive pulmonary diseases (COPD) and hypercapnic chronic respiratory diseases. Multiple studies have shed light on how oxygen therapy has played an imperative role in improving dyspnea and offer relief from several conditions linked with hypercapnic chronic respiratory diseases, including pulmonary hypertension. Despite significant progress, at present, prescribing and advising patients about how oxygen can be utilized for home therapy continue to pose as a challenge for physicians. In the current scenario, a host of oxygen conserving devices and techniques have entered the market, which are increasingly being used as a standalone or combination treatment.

Oxygen conserving devices are being extensively used by patients who require oxygen therapy, while they are mobile and away from homecare settings. Furthermore, the demand for portable oxygen conserving devices has witnessed significant growth, particularly for patients suffering from advanced lung disease and require oxygen for a prolonged time period. Oxygen conserving devices are gradually gaining popularity over continuous oxygen flow, as these devices deliver pulsed oxygen only when the patient inhales. The oxygen conserving devices market is witnessing steady growth, as these devices improve the durability of oxygen cylinders and curb oxygen waste. Furthermore, as these devices have proved to reduce oxygen usage by 50%; the adoption of these devices continues to scale new heights. Thus, the global oxygen conserving devices market is expected to reach a market value of ~US$ 261 Mn by the end of 2027.

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Research Activities Lead to Development of Improved Oxygen Conserving Devices

Research activities are expected to play an imperative role in the development of advanced oxygen conserving devices. Stakeholders in the oxygen conserving devices market are concentrating their efforts toward improving the design of their devices to optimize the level of oxygen inhaled by patients. At present, different types of oxygen conserving devices that are available include pneumatic, electronic, and disposable. Of which, the adoption of pneumatic and electronic devices is expected to remain higher than disposable oxygen conservers.

Pneumatic and electronic oxygen conserving devices are projected to account for a combined share of ~72% of the oxygen conserving devices market in 2020. While stakeholders continue to emphasize on enhancing the design of their devices, a barrage of lightweight oxygen conserving devices is available. For instance, Responsive Respiratory Inc. developed a disposable oxygen conserving device that is light in weight for hard-to-saturate patients. The new device does not require added humidification, as it comes with an in-built humidification effect.

Oxygen Conserving Devices a Suitable Alternative for Conventional Oxygen Therapy

Conventional home oxygen therapy involves low-flow oxygen and involves continual oxygen flow that is delivered through a nasal cannula. Despite being a relatively simple delivery process, it was wasteful as the oxygen delivered during expiration is largely wasted. Furthermore, a significant volume of oxygen was wasted during late inhalation wherein oxygen does not reach the gas-exchanging lung units. Thus, integrating a range of oxygen sources, including liquid oxygen, lightweight compressed oxygen, and battery-powered oxygen concentrator with various oxygen conserving devices emerged as an ideal oxygen conserving solution. These devices are known as pulsed oxygen delivery systems. Multiple studies and clinical trials have revealed that pulsed oxygen delivery system devices are highly effective in an array of breathing behaviors such as at rest, during sleep, or during exercise.

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Despite these advancements, a significant amount of research is in place to improve the efficacy of modern pulsed oxygen technology. Apart from pulsed oxygen delivery systems, within the oxygen conserving devices market, portable oxygen concentrator devices are also garnering a notable amount of traction, as these devices have optimum functional and physical properties, including weight, size, and can also be used in passenger flights. Thus, due to the growing adoption of portable oxygen concentrator and pulsed oxygen delivery system devices, the oxygen conserving devices market is expected to grow at a steady pace during the forecast period (2019-2027).

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