Oxygen Therapy Market Analysis | United States | 2017-2023 | MedCore
- Year: 2017
- Scope: 2013-2023
- Region: United States
- Pages: 263
- Published Date: 7/1/2017
- Type: MedCore
General Report Contents– Market Analyses include: Unit Sales, ASPs, Market Value & Growth Trends– Market Drivers & Limiters for each chapter segment– Competitive Analysis for each chapter segment– Section on recent mergers & acquisitionsThe primary driver for sales in oxygen therapy devices is the move within the market from traditional cylinder-based methods of oxygen delivery (such as transfilling or oxygen delivery) to portable concentrating technology. While the portable concentrators will always be a more expensive up-front cost to providers, the long-term cost benefit versus alternative methods is apparent. Limiting this switch has been the incentives put into place by Medicares Competitive Bidding Program. Most oxygen therapy clients are covered by some sort of insurance policy, with the vast majority of clients falling under Medicare coverage. The market for DME (durable manufactured equipment), including oxygen therapy items, is set up in the United States so that patients rent the device from the supplier for which they pay a percentage of the cost monthly with the insurer paying the residual amount. Thus in turn, insurance companies have large influences over the products that are pushed in the market. The high cost of concentrators has been limiting as a result, which is why less convenient oxygen cylinders persisted to be a larger market for years.More portable devices are considered the next generation of oxygen therapy as they allow patients to be more mobile and independent. This is set to generate demand as it improves the lifestyle of patients diagnosed with conditions which require oxygen therapy.
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