Tag: Portable Oxygen Concentrator

IGOLETA, Calif. – Inogen reported total revenue of $80.4 million for the first quarter of 2022, down 7.5% from the same period in 2021, primarily due to supply chain constraints.  The company says, however, that total revenue was up 5.2% sequentially from the fourth quarter of 2021.  Inogen reported revenue of $34.4 million for its domestic direct-to-consumer channel, up 12.2%; and revenue of $5.1 million for its domestic business-to-business channel, down 83.4%. It reported...

DENVER – ARYA BioMed Corp. has entered the home oxygen therapy market with a portable oxygen concentrator. The company says its POC weighs only five pounds with an eight-cell battery and only six pounds with a 16-cell battery. It features pulse-flow settings ranging from 1-5, a battery life of up to eight hours with the standard eight-cell battery pack, a sensitive breath detection, an auto-dose safety feature and more. It has also been approved by the U.S. Food and Drug Administration for...

NEW YORK – HME providers expect to shift an average of 58.4% of their Philips Respironics flow generator purchases and an average of 30.2% of their mask purchases to other companies due to the recall, according to the first quarter HME Sleep and Oxygen Survey from Needham.  That’s up from the 56% and 23.1%, respectively, reported in the third quarter survey.  “ResMed should gain market share over the (next 12 months),” the survey states. “Respondents...

LONDON and PLANO, Texas – Belluscura’s X-PLOR portable oxygen concentrator has been awarded a distribution and pricing agreement from the U.S. Defense Logistics Agency (DLA) through its distribution partner, Lovell Government Services.  DLA procures more than $41.8 billion in goods and services annually from manufacturers and suppliers and provides them to the Department of Defense and other federal/state customers throughout the U.S. and globally.  “Receiving the...

LONDON and PLANO, Texas – Belluscura has announced that Jim Clement has joined the company as head of commercial strategy. Clement has more than 30 years of experience in the DME industry, including general manager of GCE Healthcare, which hit the market with a POC under the Zen-O brand in 2016. “We are very excited to have Jim join our team,” said Robert Rauker, CEO of Belluscura. “His extensive knowledge of this industry will be a valuable asset to the company.” Over...

BALL GROUND, Ga. – CAIRE is celebrating the 20th anniversary of the launch of the first portable oxygen concentrator, the LifeStyle. “For us, pioneering the first portable oxygen concentrator has been both a point of pride, and an ongoing incentive to continue to innovate and develop those technologies that will ensure clinically efficacious oxygen delivery and an improve quality of life for all of our users around the world,” said Earl Lawson, CEO of CAIRE. Introduced under CAIRE’s...

GOLETA, Calif. – Inogen reported revenue of $76.4 million for the fourth quarter of 2021, an increase of 3.3% over the same period in 2020, driven by a 23.3% in domestic direct-to-consumer sales to $33 million.  Domestic business-to-business sales in the fourth quarter of 2021 decreased 57.6% to $10.3 million compared to $24.2 million in the fourth quarter of 2020, primarily due to the supply chain constraints that limited product availability in this channel.  Rental revenue...

LONDON and PLANO, Texas – Belluscura has sold 377 X-PLO2R portable oxygen concentrators since the launch of the device in September 2021, 25% above current consensus forecasts and 150% above initial forecasts for 2021, according to the company’s board of directors.  “Market reception for the X-PLO2R has been positive and initial demand has been very strong,” said Robert Raulker, CEO. “We are very excited about the upcoming launch of the X-PLO2R and X-PLO2 DX...

LONDON and PLANO, Texas – Belluscura has announced that Palmetto GBA, a DME Medicare Administrative Contractor, has issued a final local coverage determination for the X-PLOR2R portable oxygen concentrator. The company estimates that Medicare reimbursement covers about 50% of the oxygen concentrator market in the United States and, therefore, the MAC’s seal of approval will have a positive impact on its financials. “Receiving the two Medicare reimbursement codes should further expand...

BIRMINGHAM, Ala. – Provider Woody O’Neal did his homework when it came to opening CPAP Plus – a division of O’Neal Medical that focuses on sleep therapy and portable oxygen concentrators – which has helped to put the new company in a good position, despite the Philips recall.  CPAP Plus is located in an area of Birmingham where one-third of O’Neal Medical’s existing customers reside, a local hospital has announced expansion plans and seven sleep centers...