Rising preference of interventional cardiologists for nonsurgical procedures and significant growth of the portable oxygen concentrators is expected to drive the growth of the medical oxygen systems market
Medical oxygen systems are equipment ranging in various sizes containing oxygen. The stored oxygen is obtained in compressed, concentrated or liquid form. Medical oxygen systems are the integral factors supporting life systems in the healthcare facilities. The supplemental oxygen is delivered to the patient via oxygen mask. These systems are used to aid cardiovascular stability, restore tissue oxygen tension by improving oxygen availability, provide basis for the modern anesthetic techniques.
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The medical oxygen systems market is expected to gain steady traction in the foreseeable future, as the devices finds application across a wide number of healthcare facilities. Manufacturers are focused on producing ultra-lightweight cylinders. For instance, the ultra-lightweight oxygen cylinders are portable devices manufactured by Luxfer and Boschi Italy, offering cost effective oxygen cylinders that are 30% lighter than conventional cylinders. Patient-driven system design and embedded valve regulatory technology by developing light weight portable oxygen systems.
Rising surgical procedures is expected to drive the global medical oxygen systems market
The growing consumer awareness for oxygen therapy devices, investments by manufacturers for the production of homecare products and adoption of innovative technologies is expected to rise the global medical oxygen systems market. According to the Centers of Disease Control and Prevention statistics in 2017, around 1.9 million physician office and outpatient visits are recorded with the people suffering from heart disease in the U.S. North America is expected to dominate the global medical oxygen systems market owing to increasing prevalence of COPD, changing consumer lifestyles, increased government expenditures for research and development on cost-effective oxygen devices. The innovative portable and ultra-light oxygen concentrator separates nitrogen and oxygen from the environmental air providing 95% pure oxygen to patients. Portable oxygen concentrators are largely used by travelers and mountaineers in regions of inadequate oxygen supply, thereby fueling growth of the medical oxygen systems market.
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Increasing demand for medical oxygen systems in accidental cases is a prominent factor to fuel the medical oxygen systems market
The rising number of patients requiring ambulatory services, increasing prevalence of untreated obstructive sleep apnea, rising per capita healthcare spending and ease in access to healthcare services boost the medical oxygen devices market in Asia Pacific. According to the annual global road crash statistics, 20-50 million people are injured or disabled, with 1.3 million deaths recorded each year. Also, the road fatalities account for a total US$ 65 billion, exceeding the amount of developmental assistance. The key players operating the medical oxygen systems market are focusing on designing clinically efficient products to improve the quality of life of the patients and favorable reimbursement policies. Manufacturers are working hard to build compact, lighter cost effective devices that provide greater patient mobility like rolling two wheel oxygen tank cylinder. For instance, Inogen offers oxygen concentrator designed for the use of patients at home which provides ideal flow settings and energy efficient systems providing less energy than the standard market stationary concentrators. Also, Ceodeux Meditec innovation focuses on improving patient outcomes by collaborating with university partners, thereby providing custom medical gas solutions, and revolutionary cartridge technology offering low-level maintenance. For instance, the launch of compact and ultra-precise medical gas regulator MINIOX in 2017, ideal for hospital and homecare respiratory therapy.
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