NAICS Code 423450-22 - Oxygen Producing Equipment (Wholesale)

Marketing Level - NAICS 8-Digit

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Total Companies

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NAICS Code 423450-22 Description (8-Digit)

Oxygen Producing Equipment (Wholesale) is a subdivision of the Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers industry. This industry involves the wholesale distribution of equipment used for the production of oxygen, such as oxygen concentrators, oxygen generators, and oxygen cylinders. The equipment is used in various settings, including hospitals, clinics, nursing homes, and home healthcare.

Hierarchy Navigation for NAICS Code 423450-22

Tools

Tools commonly used in the Oxygen Producing Equipment (Wholesale) industry for day-to-day tasks and operations.

  • Oxygen concentrators
  • Oxygen generators
  • Oxygen cylinders
  • Oxygen regulators
  • Oxygen flow meters
  • Oxygen conservers
  • Oxygen analyzers
  • Oxygen sensors
  • Oxygen masks
  • Oxygen tubing

Industry Examples of Oxygen Producing Equipment (Wholesale)

Common products and services typical of NAICS Code 423450-22, illustrating the main business activities and contributions to the market.

  • Oxygen concentrator machines
  • Portable oxygen generators
  • Oxygen cylinders for medical use
  • Oxygen regulators for healthcare settings
  • Oxygen flow meters for hospitals
  • Oxygen conservers for home healthcare
  • Oxygen analyzers for medical labs
  • Oxygen sensors for respiratory therapy
  • Oxygen masks for emergency medical services
  • Oxygen tubing for patient use

Certifications, Compliance and Licenses for NAICS Code 423450-22 - Oxygen Producing Equipment (Wholesale)

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • ISO 13485: This certification is specific to medical device manufacturers and suppliers and ensures that the company has a quality management system in place that meets regulatory requirements. The certification is provided by the International Organization for Standardization (ISO).
  • FDA Medical Device Establishment Registration: This registration is required for companies that manufacture, prepare, propagate, compound, or process medical devices intended for commercial distribution in the US. The registration is provided by the US Food and Drug Administration (FDA).
  • Good Manufacturing Practice (GMP) Certification: This certification ensures that the company has a quality management system in place that meets regulatory requirements for the manufacturing of medical devices. The certification is provided by various organizations, including the International Society for Pharmaceutical Engineering (ISPE).
  • National Fire Protection Association (NFPA) 99: This standard provides requirements for the installation and maintenance of electrical systems and equipment in healthcare facilities, including oxygen producing equipment. Compliance with this standard is required by many US states.
  • Occupational Safety and Health Administration (OSHA) Respiratory Protection Standard: This standard provides requirements for the use of respiratory protection equipment in the workplace, including oxygen producing equipment. Compliance with this standard is required by US employers.

History

A concise historical narrative of NAICS Code 423450-22 covering global milestones and recent developments within the United States.

  • The "Oxygen Producing Equipment (Wholesale)" industry has a long history of development and innovation. The first oxygen concentrator was invented in the 1970s, and since then, the industry has seen significant advancements in technology and design. In the early days, oxygen concentrators were large and bulky, making them difficult to transport. However, with the advent of portable oxygen concentrators, patients can now receive oxygen therapy while on the go. In recent years, the industry has also seen a rise in demand for home oxygen therapy, which has led to the development of more efficient and cost-effective oxygen concentrators. In the United States, the industry has been driven by an aging population and an increase in the prevalence of respiratory diseases such as COPD.

Future Outlook for Oxygen Producing Equipment (Wholesale)

The anticipated future trajectory of the NAICS 423450-22 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The future outlook for the Oxygen Producing Equipment (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for oxygen therapy equipment, especially during the COVID-19 pandemic. The aging population and the rise in chronic respiratory diseases are also expected to drive the growth of the industry. Additionally, technological advancements in the industry, such as the development of portable oxygen concentrators, are expected to increase the demand for oxygen producing equipment. However, the industry may face challenges such as increasing competition and regulatory changes. Overall, the industry is expected to experience steady growth in the coming years.

Industry Innovations for NAICS Code 423450-22

Recent groundbreaking advancements and milestones in the Oxygen Producing Equipment (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

  • Portable Oxygen Concentrators: These devices are lightweight and compact, making them more convenient for patients who require oxygen therapy. They allow patients to be more mobile and independent, improving their quality of life.
  • Smart Oxygen Delivery Systems: These systems use sensors and algorithms to monitor a patient's oxygen levels and adjust the oxygen flow accordingly. This technology can improve patient outcomes and reduce healthcare costs.
  • Oxygen Conserving Devices: These devices are designed to reduce the amount of oxygen used by patients, making oxygen therapy more efficient and cost-effective.
  • Online Sales Platforms: Many companies in the industry are now offering their products through online sales platforms, making it easier for customers to purchase oxygen producing equipment.
  • Increased Focus on Sustainability: Some companies in the industry are developing more sustainable products and processes, such as using renewable energy sources and reducing waste. This can improve the industry's environmental impact and appeal to environmentally conscious customers.

NAICS Code 423450-22 - Oxygen Producing Equipment (Wholesale)

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