NAICS Code 423450-42 - Oxygen Therapy Equipment (Wholesale) (Manufacturing)
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NAICS Code 423450-42 Description (8-Digit)
Hierarchy Navigation for NAICS Code 423450-42
Parent Code (less specific)
Tools
Tools commonly used in the Oxygen Therapy Equipment (Wholesale) (Manufacturing) industry for day-to-day tasks and operations.
- Oxygen concentrators
- Oxygen cylinders
- Oxygen masks
- Oxygen regulators
- Oxygen tubing
- Pulse oximeters
- Nebulizers
- Humidifiers
- Flow meters
- Cannulas
Industry Examples of Oxygen Therapy Equipment (Wholesale) (Manufacturing)
Common products and services typical of NAICS Code 423450-42, illustrating the main business activities and contributions to the market.
- Oxygen concentrator distributors
- Oxygen cylinder manufacturers
- Oxygen mask wholesalers
- Oxygen regulator suppliers
- Nebulizer distributors
- Humidifier manufacturers
- Flow meter wholesalers
- Cannula suppliers
- Pulse oximeter manufacturers
- Oxygen therapy equipment retailers
Certifications, Compliance and Licenses for NAICS Code 423450-42 - Oxygen Therapy Equipment (Wholesale) (Manufacturing)
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. It is provided by the International Organization for Standardization (ISO).
- FDA Establishment Registration: This registration is required for all medical device manufacturers and suppliers who intend to sell their products in the US. It is provided by the US Food and Drug Administration (FDA).
- Good Manufacturing Practices (GMP): This certification ensures that the company has a system in place to ensure that their products are consistently produced and controlled according to quality standards. It is provided by the US FDA.
- National Supplier Clearinghouse (NSC) Certification: This certification is required for suppliers of durable medical equipment, prosthetics, orthotics, and supplies (DMEPOS) who intend to bill Medicare. It is provided by the Centers for Medicare & Medicaid Services (CMS).
- Occupational Safety and Health Administration (OSHA) Certification: This certification ensures that the company has a safe and healthy workplace for its employees. It is provided by the US Department of Labor.
History
A concise historical narrative of NAICS Code 423450-42 covering global milestones and recent developments within the United States.
- The oxygen therapy equipment industry has a long history dating back to the early 1900s when oxygen was first used as a medical treatment. The industry has since grown and evolved, with notable advancements such as the development of portable oxygen concentrators in the 1970s and the introduction of liquid oxygen systems in the 1980s. In recent years, the industry has seen a surge in demand due to the COVID-19 pandemic, with an increased need for oxygen therapy equipment in hospitals and other healthcare facilities. In the United States, the industry has also been impacted by changes in healthcare policies and regulations, such as the Affordable Care Act, which has led to increased demand for home healthcare services and equipment.
Future Outlook for Oxygen Therapy Equipment (Wholesale) (Manufacturing)
The anticipated future trajectory of the NAICS 423450-42 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Growing
The future outlook for the Oxygen Therapy Equipment (Wholesale) (Manufacturing) industry in the USA is positive. The industry is expected to grow due to the increasing prevalence of respiratory diseases such as COPD and asthma, as well as the aging population. The COVID-19 pandemic has also increased demand for oxygen therapy equipment, which is expected to continue in the future. Technological advancements in the industry, such as the development of portable oxygen concentrators, are also expected to drive growth. However, the industry may face challenges such as increasing competition and regulatory changes.
Industry Innovations for NAICS Code 423450-42
Recent groundbreaking advancements and milestones in the Oxygen Therapy Equipment (Wholesale) (Manufacturing) 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 on-the-go.
- Smart Oxygen Delivery Systems: These systems use sensors and algorithms to monitor a patient's oxygen levels and adjust the oxygen flow rate accordingly, improving patient outcomes.
- High-Flow Nasal Cannulas: These devices deliver a high flow of oxygen to patients with respiratory distress, reducing the need for intubation and mechanical ventilation.
- Non-Invasive Ventilation: This technology provides respiratory support to patients without the need for invasive procedures, reducing the risk of complications and improving patient comfort.
- Telemedicine: The use of telemedicine has increased during the COVID-19 pandemic, allowing patients to receive oxygen therapy equipment and support remotely.
NAICS Code 423450-42 - Oxygen Therapy Equipment (Wholesale) (Manufacturing)
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