Oxygen Conservation Device Market Size Poised To Reach USD 3.95 Billion By 2030
San Francisco, 25 Sep 2024: The Report Oxygen Conservation Devices Market Size, Share & Trends Analysis Report By Product (Reservoir Oxygen Delivery Devices, Electromechanical Pulsing Devices), By End-use, By Region, And Segment Forecasts, 2024 - 2030 The global oxygen conservation devices market size is expected to reach USD 3.95 billion by 2030, registering a CAGR of 12.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. Growing prevalence of respiratory diseases is expected to boost the adoption of oxygen conservation devices. According to the Global Asthma Network, nearly 334 million people are affected by asthma worldwide. This shows the potential demand for these devices in the coming years. According to the WHO, rise in the incidence of COPD and other respiratory disorders is anticipated to boost the demand for oxygen therapy and consequentially increase the adoption of these products. Furthermore, factors such as increasing indoor & outdoor