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1 Oxygen Concentrator Market Shares, Strategies, and Forecasts, Worldwide, 2011 to 2017 Oxygen Concentrator Smaller More Diverse Units, Efficiencies Available Directly To Patients Torrie The Cat in the Tulips and Elvis the Big Black Dog Carrying His Sstick Picture by Susan Eustis WinterGreen Research, Inc. Lexington, Massachusetts

2 CHECK OUT THESE KEY TOPICS Oxygen Concentrator Portable Oxygen Concentrators Homecare Home Oxygen Home Medical Equipment Oxygen Therapy Managed Care Non-Acute Health Care Unified Supply Network Portable Continuous Pressure Oxygen Portable Pulsed Oxygen Patients on Oxygen Home Oxygen Reimbursement Homefill Oxygen Concentrator m/reports/oxygen%20concent rators.html Oxygen Concentrator Strategy Oxygen Concentrator: Market Shares, Strategies, and Forecasts, Worldwide, LEXINGTON, Massachusetts (February 24, 2011) WinterGreen Research announces that it has a new study on Oxygen Concentrators. Oxygen Concentrator markets grow as the technology supports smaller more diverse units. These markets are poised to grow based on the creation of new efficiencies available directly to patients. New composite materials systems are achieving consistent price declines throughout the forecast period. Oxygen concentrator markets are poised to grow as homecare grows. These markets are poised to grow based on the creation of new homecare services efficiencies based on improved technologies. New portable systems are achieving consistent price declines throughout the forecast period. The 2011 study has 375 pages and 135 tables and figures. Worldwide markets are poised to achieve significant growth as local homecare dealer managers move to implement more cost efficient patient oxygen delivery modalities. Vendors are building out localized distribution networks that support a patient oxygen delivery system with devices that contain continuous portable oxygen delivery and prioritized pulsed oxygen flow control. As the baby boomers age, they have the ability to buy more than one oxygen concentrator, changing markets significantly. Units are used to treat COPD and lung disease. They are also positioned to assist in decreasing the deleterious effects of aging. Chronic obstructive pulmonary disease (COPD) impacts the lungs. With chronic obstructive pulmonary disease (COPD) people need more oxygen than they can get through ordinary breathing. People get assistance from oxygen concentrators. Devices have been heavy and constrained users from moving around. Portable units support mobility while in many cases providing the same levels of oxygen delivery.

3 Portable units give patients more freedom for mobility. Exercise is good for patients. It is as good as any medication or treatment in most cases. In this context, portable oxygen concentrators provide reliable, continuous delivery, and continuous pulsed oxygen. The advantage of the portable units is that they offer greater mobility for physical activity and travel. The oxygen concentrator market participants offer portable products for low volumes of oxygen support and standard home products for stationary delivery of 5 to 10 liters per minute (lpm) of oxygen. Oxygen concentrators deliver lifesaving support for breathing. Reimbursement drives markets. Portable oxygen concentrators deliver the independence of a portable concentrator. Units are smaller and lighter. They make more oxygen with a longer battery life than older units. Portable concentrators are small enough to hold in one hand. There are no tanks to refill. Users never have to worry about running out of oxygen. The portable oxygen concentrators are offered as a solution. They are a single solution, for oxygen at home, away, and for travel. They are approved for use on all US airlines. The basic package includes unit, carrying case, cart, 12 Cell battery and universal power supply. 5 and 10 Liter units grow modestly.then decline rapidly as the installed base continues to be repaired and reused and the portable units catch on with patients. 10 liter units are used to treat sicker people. As sicker people live longer these larger units are needed to improve the oxygen care delivered. Portable ventilators are becoming used for these older and sicker people. Some of the ventilators have noninvasive characteristics. The 2 to 5 Liter units account for the majority of the units and total dollars. It is in this category of product that the portable technologies are providing solutions. There is a dramatic change in the oxygen concentrator market. Ever before, patients needed the dealer to come set up units and bring small oxygen tanks so they could go shopping. With the new portable oxygen concentrators, people can buy a unit on the Internet and set it up themselves. The units work without having dealer intervention. This eliminates the largest part of the cost of the oxygen concentrator services market, the labor portion is gone. Market growth occurs because of the increased number of people diagnosed and treated. As more physicians recognize the value of low dose oxygen delivery, patients live longer and more patients demand treatment. The ability of people to search the Internet to discover treatments that might help COPD conditions creates demand for treatment, and use of oxygen concentrators. According to Susan Eustis, primary author of the study, growth is spurred by increasing trends toward homecare and the desire for lifestyle by older people who may have some illness. Smoking and air pollution are the biggest causes of respiratory disease.

4 Oxygen concentrator markets at $377 million in 2010 reach the $1.8 billion mark in 2017 as more of the 35 million people with COPD and lung disease get treatment. Units will be used by older people to retain intellectual capacity, even in the absence of disease. In the US, roughly 5% of patient who need treatment get it. As units become more cost efficient because the services component has decreased to virtually nothing, more people can afford the units. Market growth of oxygen concentrator markets is a result of people living longer, new technology that makes units more easily portable, more technology that permits filling portable oxygen tanks from the oxygen concentrator, and the convenience of being able to move around. Exercise is proven to be very good for people. Companies Profiled Market Leaders Invacare DeVilbiss Healthcare Newport Medical Instruments Inc Philips Healthcare Sequal AirSep Market Participants 5. Portable and Stationary Oxygen Concentrator Company Profiles Air Conversion Technology AirSep Allied Healthcare Products American HomePatient Bio-Med Devices Inc CareFusion Chart Industries Cobham - Carleton Life Support Systems Covidian (Formerly Tyco) DeVilbiss Healthcare Gardner Denver / Thomas GE Healthcare GetingeArjoMaquet GF Health Products, Inc. ("Graham-Field") Heyer Medical IDEX 5-33 Impact Instrumentation Inogen 5-40 Inovo Intersurgical Ltd Invacare Jiangxi Teli Anesthesia & Respiration Equipment Maquet Newport Medical Instruments Inc NGK Nidek Medical O-Two Medical Technologies Inc OxLife Oxygen Concentrator Percussionaire Corp Philips Healthcare / Respironics Providence Global Medical Sequal Smiths Medical

5 Sunrise Medical Tenjin Vortran Medical Technology Selected Oxygen Concentrator Companies Vitality Medical VisionAire Invacare Graham-Field Drive Medical Chinese Oxygen Concentrator Companies Hinor Medical Industry Company Race Medical & Beauty Equipment Eget Hi-Tech Co., Ltd. DOBIX Enterprises Group Inc. Limited Ruian Careland Meditech Co., Ltd. Megalog Industrial Co., Suzhou Hengxiang Import & Export Co., Ltd. [Province:Jiangsu, China] Shanghai Dynamic Industry Co CINH Group Co., Limited [Province:Zhejiang, China] Oxygen Concentrator: Market Shares, Strategies, and Forecasts, Worldwide, 2011 to 2017 Report Methodology This is the 463th report in a series of primary market research reports that provide forecasts in communications, telecommunications, the Internet, computer, software, telephone equipment, health equipment, and energy. Automated process and significant growth potential are a priorities in topic selection. The project leaders take direct responsibility for writing and preparing each report. They have significant experience preparing industry studies. Forecasts are based on primary research and proprietary data bases. The primary research is conducted by talking to customers, distributors and companies. The survey data is not enough to make accurate assessment of market size, so WinterGreen Research looks at the value of shipments and the average price to achieve market assessments. Our track record in achieving accuracy is unsurpassed in the industry. We are known for being able to develop accurate market shares and projections. This is our specialty. The analyst process is concentrated on getting good market numbers. This process involves looking at the markets from several different perspectives, including vendor shipments. The interview process is an essential aspect as well. We do have a lot of granular analysis of the different shipments by vendor in the study and addenda prepared after the study was published if that is appropriate. Forecasts reflect analysis of the market trends in the segment and related segments. Unit and dollar shipments are analyzed through consideration of dollar volume of each market participant in the segment.

6 Installed base analysis and unit analysis is based on interviews and an information search. Market share analysis includes conversations with key customers of products, industry segment leaders, marketing directors, distributors, leading market participants, opinion leaders, and companies seeking to develop measurable market share. Over 200 in depth interviews are conducted for each report with a broad range of key participants and industry leaders in the market segment. We establish accurate market forecasts based on economic and market conditions as a base. Use input/output ratios, flow charts, and other economic methods to quantify data. Use in-house analysts who meet stringent quality standards. Interviewing key industry participants, experts and end-users is a central part of the study. Our research includes access to large proprietary databases. Literature search includes analysis of trade publications, government reports, and corporate literature. Findings and conclusions of this report are based on information gathered from industry sources, including manufacturers, distributors, partners, opinion leaders, and users. Interview data was combined with information gathered through an extensive review of internet and printed sources such as trade publications, trade associations, company literature, and online databases. The projections contained in this report are checked from top down and bottom up analysis to be sure there is congruence from that perspective. The base year for analysis and projection is With 2010 and several years prior to that as a baseline, market projections were developed for 2011 through These projections are based on a combination of a consensus among the opinion leader contacts interviewed combined with understanding of the key market drivers and their impact from a historical and analytical perspective. The analytical methodologies used to generate the market estimates are based on penetration analyses, similar market analyses, and delta calculations to supplement independent and dependent variable analysis. All analyses are displaying selected descriptions of products and services. This research includes referencde to an ROI model that is part of a series that provides IT systems financial planners access to information that supports analysis of all the numbers that impact management of a product launch or large and complex data center. The methodology used in the models relates to having a sophisticated analytical technique for understanding the impact of workload on processor consumption and cost. WinterGreen Research has looked at the metrics and independent research to develop assumptions that reflect the actual anticipated usage and cost of systems. Comparative analyses reflect the input of these values into models. The variables and assumptions provided in the market research study and the ROI models are based on extensive experience in providing research to large enterprise organizations and data centers. The ROI models have lists of servers from different manufacturers, Systems z models from IBM, and labor costs by category

7 around the world. This information has been developed from WinterGreen research proprietary data bases constructed as a result of preparing market research studies that address the software, energy, healthcare, telecommunicatons, and hardware businesses. YOU MUST HAVE THIS STUDY

8 Oxygen Concentrator Market Shares, Strategies, and Forecasts, Worldwide, Table of Contents Oxygen Concentrator Executive Summary OXYGEN CONCENTRATOR EXECUTIVE SUMMARY Oxygen Concentrator Market Driving Forces Portable Oxygen Concentrators Homecare Is Poised To Grow Support For Distributors Oxygen Concentrator Market Shares Oxygen Concentrator Market Forecasts Chinese Oxygen Concentrator Companies ES-1 ES-1 ES-1 ES-1 ES-4 ES-4 ES-6 ES-8 Oxygen Concentrator Market Description And Market Dynamics 1. OXYGEN CONCENTRATOR MARKET DESCRIPTION AND MARKET DYNAMICS Types of Oxygen Systems Growth in Population over Age Treatment Trends Technological Trends Health Care Cost Containment Trends Society s Mainstreaming of People with Disabilities Distribution Channels Oxygen Therapy Systems Oxygen Concentrator Applicable Population Home Oxygen Concentrator Equipment Medicare Reimbursement Home Medical Equipment Market Home Health Care Treatment Trends Competition Forms Basis Of U.S. Medical Care Services Delivery European Homecare Market Trends Marketing Globally Market Drivers For Healthcare Cost Containment Fundamental Shift In The Nature Of The Global Economy Managed Care Organization Impact 1-15

9 1.8.2 Reasons Home Health Care Has Gained Wide-Spread Acceptance Managed Care Change In The Healthcare Industry Homecare For People With Long Term Disabilities Homecare Market Growth Factors Growth In Population Over Age Worldwide Homecare Information Systems Market Distribution Delivery Of Non-Acute Health Care Leveraging Distribution Channels Worldwide Homecare Information Systems Market Positioning Increased Need For Information Technology Medical Error Shortcomings Of Traditional Healthcare Information Systems Homecare Information Systems Market Strategy Integrated Healthcare Information Technology Solutions Flexible Product-Delivery Options Leveraging Existing Customer Base Homecare Information Systems Market Trends Clinician Support For Spending Less Time At The Desktop And More Time Taking Care Of Patient Homecare Information System Software Market Shifts Characteristics Particular To The Homecare Information System Market Implementation Depends On Documentation Of Each Discipline Needs Home Care Services Billing Issues Prospective Payment System (PPS) Managed Care Requirements Oasis Home Health Agencies Need For Automation Of Home Care Companies 1-37 Oxygen Concentrator Market Shares And Market Forecasts 2. OXYGEN CONCENTRATOR MARKET SHARES AND FORECASTS Oxygen Concentrator Market Driving Forces Portable Oxygen Concentrators Homecare Is Poised To Grow Unified Supply Network Support For Distributors Oxygen Concentrator Market Shares Portable Oxygen Concentrators Invacare Perfecto 2V Invacare Perfecto 2V Invacare XPO2 Portable Concentrator Philips Respironics EverGo Portable Oxygen Concentrator from Respironics FAA approved for air travel Drive Medical 2-15

10 2.2.7 Graham-Field John Bunn Optium Oxygen Concentrator Inogen Portable Oxygen Concentrator SeQual Nidek Medical Devilbiss Chinese Oxygen Concentrator Companies Home Concentrators5 LPM and 10 LPM Invacare Market Leader In Stationary Oxygen Concentrators SeQual Line Of Medical Oxygen Concentrators SeQual Quality Thomas Compressor Gast Compressor Teijin Compressor Oxygen Concentrator Market Forecasts Stationary Oxygen Concentrators Market Forecasts Portable Oxygen Concentrator Market Forecasts Portable Continuous Pressure Oxygen Concentrator Market Home Oxygen Market Segments Oxygen Concentrators Market Growth Factors Portable Oxygen Concentrator Markets Worldwide Patients on Oxygen Medicare And Medicaid Are Leading Indicators For All Reimbursement New York Medicaid Program Supports Portable Oxygen Concentrators Oxygen Concentrator Update Billing Instructions For Home Fill Systems: Current Issues in Home Long Term Oxygen Therapy Home Oxygen Population Home Oxygen Technology Home Oxygen Reimbursement Medicare Modernization Act of 2003 (MMA) Deficit Reduction Act of 2005 (DRA) Selected Oxygen Concentrator Prices 2-43 Invacare Homefill Oxygen Concentrator Long Term Oxygen Therapy Regional Analysis COPD in the United States U.S. Healthcare Delivery Industry Europe/Asia/Pacific Market Australian, New Zealand and Asian markets Health Care Cost Containment Trends Royal Philips Revenue 2-60 Oxygen Concentrator Product Description 3. OXYGEN CONCENTRATOR PRODUCT DESCRIPTION Portable Oxygen Concentrators Graham Field John Bunn Optium Oxygen Concentrator Drive Medical Inogen One G Inogen One G2 with 12 Cell Battery Inogen One G2 Nighttime Intelligent Oxygen Delivery Technology Sequal Eclipse 3 Portable Oxygen Concentrator 3-17

11 3.5.1 Sequal Eclipse Portable Oxygen Concentrator Sequal Eclipse Portable Concentrator DeVilbiss Igo Invacare SOLO2 Transportable Oxygen Concentrator Invacare Portable Oxygen Products Philips Respironics EverGo Philips Respironics EverGo Portable Oxygen Concentrator from Respironics FAA approved for air travel Oxlife Oxlife Freedom Oxlife Independence AirSep Delphi Central Air Evo Central Portable Oxygen Concentrator Portable Oxygen Concentrators Comparison Chart LPM and 10 LPM Home Concentrators Philips Respironics Millennium M10 Concentrator Philips Respironics EverFlo Philips Respironics Oxygen Delivery Philips Respironics EverFlo Features & Benefits SeQual Integra Invacare Perfecto 2 Home Oxygen Concentrator Invacare Vitality Medical Perfecto 2V Devilbiss 525 DS Drive Medical Oxygen Concentrator Nidek Medical Teijin Inogen One G2 Power Supply Options Inogen One G2 Accessories 3-91 Oxygen Concentrator Technology 4. OXYGEN CONCENTRATOR TECHNOLOGY Types of Oxygen Systems Liquid Oxygen Systems Cylinder Oxygen Systems Oxygen Conserving Devices CMS Reimbursement Codes Oxygen Concentrator Compressors 4-3

12 4.4 Teijin Pharma Teijin Two Adsorption Columns So That Oxygen Can Be Continuously Generated While Switching Between Absorption And Desorbtion Columns Pulsation Detection Device Technological Trends Ambulatory Oxygen Liquid Oxygen Oxygen Concentrators Medical Applications / Oxygen Concentrators Medical Compressors Thomas Industries 4-12 Horizon Pump From Rietschle Thomas Targeted to Portable Oxygen Concentrators Gast Compressor Medical Applications Zeolite Compressor For O2 Concentrators Advanced Technology Fractionator Pressure Swing Adsorption Principles Conventional Oxygen Concentrators Conventional Two-Bed Oxygen Concentrator Multi Bed Oxygen Concentrators 4-26 SeQual ATF-Based Concentrator SeQual ATF Endurance Testing Status UL Approved UOP LLC UOP MOLSIV Adsorbents Molecular Sieves Respiratory Disease Conditions Increased Demand Impacts Industry Bronchiectasis Chronic Bronchitis Chronic Obstructive Pulmonary Disease (COPD) Emphysema Muscular Dystrophy Respiratory Syncytial Virus (RSV) Asthma Ozone: 4-40 Oxygen Concentrator Company Profiles 5. PORTABLE AND STATIONARY OXYGEN CONCENTRATOR COMPANY PROFILES Air Conversion Technology AirSep 5-1

13 5.3 Allied Healthcare Products American HomePatient Bio-Med Devices Inc CareFusion CareFusion Revenue CareFusion Acquisition of Viasys Carefusion Revenue CareFusion Critical Care Technologies Revenue CareFusion Medical Technologies and Services CareFusion Revenue CareFusion Initiatives Chart Industries SeQual Cobham - Carleton Life Support Systems Cobham Life Support - Davenport Cobham Business Units Cobham Capability Cobham Revenue Analysis Covidian (Formerly Tyco) Covidian / Puritan Bennett DeVilbiss Healthcare DeVilbiss Oxygen Concentrators Essex Industries Alar Products Essex Cryogenics Dolphin Systems Essex Fluid Controls Essex Manufacturing Essex Medical Systems Essex PB&R Essex Precision Controls Propellex SX Performance Gardner Denver / Thomas GE Healthcare GE Respiratory Care GE VersaMed Portable Ventilators GE VersaMed Corporation GetingeArjoMaquet GF Health Products, Inc. ("Graham-Field") Heyer Medical IDEX IDEX Gast Compressors IDEX Fluid & Metering Technologies Group IDEX Health & Science Technologies Group/ Gast Manufacturing IDEX Dispensing Equipment IDEX Fire & Safety/Diversified Products Group IDEX Oxygen concentrator Compressors IDEX Third Quarter 2010 Revenue Impact Instrumentation Inogen Inovo Inovo / Chad Therapeutics Intersurgical Ltd Invacare Invacare Portable Oxygen Concentrators 5-48

14 Invacare Platinum XL Oxygen Concentrator Jiangxi Teli Anesthesia & Respiration Equipment Maquet Maquet Datascope Newport Medical Instruments Inc Newport Medical Products and Services NGK Nidek Medical Nuvo Family of Oxygen Concentrators O-Two Medical Technologies Inc OxLife Oxygen Concentrator Percussionaire Corp Philips Healthcare Royal Philips Revenue Royal Philips Electronics / Respironics Philips Respironics Philips Respironics Providence Global Medical Sequal SeQual Oxygen Products Advanced Technology Fractionator Smiths Medical Sunrise Medical Tenjin Vortran Medical Technology Selected Oxygen Concentrator Companies Vitality Medical VisionAire Invacare Graham-Field Drive Medical Chinese Oxygen Concentrator Companies Hinor Medical Industry Company Race Medical & Beauty Equipment Eget Hi-Tech Co., Ltd DOBIX Enterprises Group Inc. Limited Ruian Careland Meditech Co., Ltd Megalog Industrial Co., Suzhou Hengxiang Import & Export Co., Ltd. [Province:Jiangsu, China] Shanghai Dynamic Industry Co CINH Group Co., Limited [Province:Zhejiang, China] 5-110

15 List of Tables and Figures Oxygen Concentrator Executive Summary Table ES-1 Oxygen Concentrator Home Medical Market Driving Forces Figure ES-2 Oxygen Concentrator Market Shares, Dollars, Worldwide, 2010 Table ES-3 Oxygen Concentrator Shipment Market Forecasts Units and Dollars, Worldwide, ES-3 ES-5 ES-7 Oxygen Concentrator Market Description And Market Dynamics Table Oxygen Concentrator Applicable Population Table Homecare Market Growth Factors Table Worldwide Homecare Information Systems Market Positioning Table Marketing Globally Table Strategies For Offering Technology Solutions To The Home Healthcare Industry Table Homecare Information Systems Market Trends Table Homecare Information System Software Characteristics Table 1-7 (Continued) 1-30 Homecare Information System Software Characteristics Table Market Characteristics For Evaluation of Homecare Information System Software Vendors Table Home Care Services Billing Issues Table JCAHO ORYX Requirements Table 1-10 (Continued) 1-36 JCAHO ORYX Requirements Table

16 Home Care Standard Services Provided Table Home Care Specialty Services Provided Table Factors Relating To Value Of Home Health Care Over Institutional Care Oxygen Concentrator Market Shares and Market Forecasts Table Oxygen Concentrator Home Medical Market Driving Forces Table Home Medical Oxygen Concentrator Systems Market Factors Figure Oxygen Concentrator Market Shares, Dollars, Worldwide, 2010 Figure Portable Oxygen Concentrator Market Shares, Dollars, Worldwide, 2010 Table Selected Portable Oxygen Concentrators Figure Portable Oxygen Concentrator Market Shares, Dollars, Worldwide, 2010 Table Portable Oxygen Concentrator Market Shares, Dollars, Worldwide, 2010 Table Home Concentrators Table Oxygen Concentrator Shipment Market Forecasts Units and Dollars, Worldwide, Table Oxygen Concentrator Shipment Market Forecasts Units and Dollars, Worldwide, Figure Stationary Oxygen Concentrator Market Forecasts Dollars, Worldwide, Table Portable Pulsed Oxygen Concentrator Market Forecasts Dollars, Worldwide, Table Portable Pulsed Oxygen Concentrator Shipment Market Forecasts Units and Dollars, Worldwide, Figure Portable Continuous Pressure Oxygen Concentrators, Market Forecasts Dollars, Worldwide, Figure Portable Continuous Pressure Oxygen Concentrators, Market Forecasts Units and Dollars, Worldwide, Table Factors Contributing To Growth Of Oxygen Concentrator Markets Table

17 Worldwide Patients on Oxygen Market Forecasts Units and Dollars, Worldwide, Figure Oxygen Concentrator Regional Market Segments, Dollars, 2010 Table Oxygen Concentrator Regional Market Segments, 2010 Oxygen Concentrator Product Description Table Selected Portable Oxygen Concentrators Table Graham Field John Bunn Optium Oxygen Concentrator Specifications Table Graham Field John Bunn Optium Oxygen Concentrator Figure Graham Field John Bunn Optium Oxygen Concentrator Table Drive Medical Solstice Portable Oxygen Concentrator Figure Solstice Oxygen Concentrator 5 Liter Figure Inogen One G2 Table Inogen One Specifications Figure Sequal Eclipse 3 Portable Oxygen Concentrator Table Sequal Eclipse 3 Specifications Table Sequal Eclipse 3 Portable Oxygen Concentrator: Specifications Table Sequal Eclipse 3 Portable Oxygen Concentrator Features: Table Sequal Eclipse 3 Portable Oxygen Concentrator Functions: Table 3-15 (Continued) 3-23 Sequal Eclipse 3 Portable Oxygen Concentrator Functions: Figure DeVilbiss Igo Figure Invacare SOLO2 Transportable Oxygen Concentrator Figure Invacare SOLO2 Transportable Oxygen Concentrator Figure Respironics EverGo Table Philips Respironics EverGo Touch-Screen Interface Features Table

18 Philips Respironics EverGo Features Table Respironics EverGo Specifications Performance Figure Oxlife Freedom Table Oxlife Freedom Features: Table Oxlife Freedom Specifications: Figure Oxlife Freedom Oxygen Concentrator Figure OxLife Independence Table Home Concentrators Figure Philips Respironics Millennium M10 Concentrator Table Philips Respironics Millennium M10 Concentrator Features Figure Philips Respironics EverFlo Stationary Oxygen Concentrator Table Philips Respironics EverFlo Features Table Philips Respironics EverFlo Q Features Table Philips Respironics EverFlo Q Benefits Figure Sequal Integra 10 Figure Sequal Integra 10 Table Sequal 10 Liter Home Oxygen Concentrator Features for the Dealer/Provider Table 3-37 (Continued) 3-61 Sequal 10 Liter Home Oxygen Concentrator Features for the Dealer/Provider Table Sequal 10 Liter Home Oxygen Concentrator Features Table Sequal Integra 10-Liter E-Z Oxygen Concentrator Specifications Table 3-39 (Continued) 3-64 Sequal Integra 10-Liter E-Z Oxygen Concentrator Specifications Table Invacare Perfecto 2V Oxygen Concentrator Benefits Figure Invacare Perfecto 2V Home Fill Oxygen Concentrator Table Invacare Perfector2V Oxygen Concentrator Specifications Figure Invacare Perfecto 2V Oxygen Concentrator 5 Liter

19 Table Invacare Perfecto 2V Oxygen Concentrator Features Table Perfector2V Oxygen Concentrator Specifications Table DeVilbiss 525 DS Home Oxygen Concentrator: Specifications Table 3-46 (Continued) 3-75 DeVilbiss 525 DS Home Oxygen Concentrator: Specifications Table 3-46 (Continued) 3-76 DeVilbiss 525 DS Home Oxygen Concentrator: Specifications Figure Devilbiss 525 DS Figure Devilbiss I-Fill Personal Oxygen Station Table DeVilBiss I fill Personal Oxygen Station Specifications Table DeVilbiss ifill Personal Oxygen Station Fill Times: Table DeVilbiss ifill Personal Oxygen Station Functions: Table Drive Medical Oxygen Concentrator Table FreeStyle, LifeStyle, VisoionAire, and NewLife Intensity Oxygen Concentrator Figure Teijin Home Oxygen Concentrator Table Inogen G2 Advantages Oxygen Concentrator Technology Table Oxygen Concentrator Compressor Features Figure Teijin Oxygen Concentration Mechanism Table Teijin Oxygen Concentrator Innovation To Reduce Size of Unit Table Thomas Industries Compressor Features Table 4-4 (Continued) 4-14 Thomas Industries Compressor Features Figure Rietschle Thomas 2250 Pressure/Vacuum Pump Figure Gast Oxygen Concentrator Compressors Figure Gast Medical Oxygen Concentrator Compressor Table

20 Gast Oxygen Concentrator Compressor Features Table Comparison Of Multi Bed And A Typical Oxygen Concentrator Table SeQual ATM-Based Concentrator Major Components Figure Comparison Of A 5 Liter Per Minute (LPM) Capacity Conventional Oxygen Concentrator With A 5 LPM ATF System Table UL Approval Functions Oxygen Concentrator Company Profiles Figure AirSep Air Separation Equipment Figure DeVilbiss Oxygen Concentrators Figure Impact Instrumentation Inc Table Invacare Attention to Value in the Market Table 5-4 (Continued) 5-46 Invacare Attention to Value in the Market Figure Invacare Oxygen Products Table Invacare Portable Oxygen Concentrators Table 5-6 (Continued) 5-50 Invacare Portable Oxygen Concentrators Table 5-6 (Continued) 5-51 Invacare Portable Oxygen Concentrators Figure Invacare Respiratory Products Table Newport Medical Product Line Figure Philips Healthcare Positioning Figure Philips Healthcare Equipment Order Intake Trends Figure Philips Revenue Market Segments Figure Philips Employee, Manufacturing, and Research Profile Figure Philips Continuing Sales Growth in Emerging Markets Figure

21 Philips Gaining Share And Leadership in Emerging Markets Figure Philips Delivering Margin Improvement and Decreasing Manufacturing Overhead Figure Philips Healthcare Information Systems Market Shares Table Smiths Medical Products Figure Teijin Oxygen Concentration Mechanism Table Teijin Oxygen Concentrator Innovation To Reduce Size of Unit Table Teijin Innovations to Enhance Oxygen Concentrator Energy Savings

22 ABOUT THE COMPANY WinterGreen Research, research strategy relates to identifying market trends through reading and interviewing opinion leaders. By using analysis of published materials, interview material, private research, detailed research, social network materials, blogs, and electronic analytics, the market size, shares, and trends are identified. Analysis of the published materials and interviews permits WinterGreen Research senior analysts to learn a lot more about markets. Discovering, tracking, and thinking about market trends is a high priority at WinterGreen Research. As with all research, the value proposition for competitive analysis comes from intellectual input. WinterGreen Research, founded in 1985, provides strategic market assessments in telecommunications, communications equipment, health care, Software, Internet, Energy Generation, Energy Storage, Renewable energy, and advanced computer technology. Industry reports focus on opportunities that expand existing markets or develop major new markets. The reports access new product and service positioning strategies, new and evolving technologies, and technological impact on products, services, and markets. Innovation that drives markets is explored. Market shares are provided. Leading market participants are profiled, and their marketing strategies, acquisitions, and strategic alliances are discussed. The principals of WinterGreen Research have been involved in analysis and forecasting of international business opportunities in telecommunications and advanced computer technology markets for over 30 years. The studies provide primary analytical insight about the market participants. By publishing material relevant to the positioning of each company, readers can look at the basis for analysis. By providing descriptions of each major participant in the market, the reader is not dependent on analyst assumptions, the information backing the assumptions is provided, permitting readers to examine the basis for the conclusions. About The Principal Authors Ellen T. Curtiss, Technical Director, co-founder of WinterGreen Research, conducts strategic and market assessments in technology-based industries. Previously she was a member of the staff of Arthur D. Little, Inc., for 23 years, most recently as Vice President of Arthur D. Little Decision Resources, specializing in strategic planning and market development services. She is a graduate of Boston University and the Program for Management Development at Harvard Graduate School of Business Administration. She is the author of recent studies on worldwide telecommunications markets, the top ten internet equipment companies, the top ten contract manufacturing companies, and the Top Ten Telecommunications market analysis and forecasts. Susan Eustis, President, co-founder of WinterGreen Research, is a senior analyst. She has done research in communications and computer markets and applications. She holds several patents in microcomputing and parallel processing. She has the original patents in electronic voting machines. She has new patent applications in format varying, mulitprocessing, and electronic voting. She is the author of recent studies of the Regional Bell Operating Companies' marketing strategies, Internet equipment, biometrics, a study of Internet Equipment, Worldwide Telecommunications Equipment, Top Ten Telecommunications, Digital Loop Carrier, Web Hosting, Web Services, and Application Integration markets. Ms. Eustis is a graduate of Barnard College.

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