If they don’t inflate, and they just confuse people, what’s the point of them? Why not just the hose through which the O2 flows?
The supplemental O2 delivery via the dropdown masks are continuous flow. However humans breathe intermittently. So the bag acts as a reservoir in between inspiration and may fill with O2 - its just an extra way of collecting O2 in between respirations. That it does not fill up is not an issue but if it does fill its better than not having one.
I dont have any data on the flow rate and concentration of the O2 coming out of the tubes. But lets do some sums:
Lets say an adult male (as defined by the airlines as usually weighing 80kg).
The normal inspiratory volume at rest is about 800ml (10ml/kg) and which takes say 1 second to inspire.
So the flow rate through the nose is about 800ml/sec but so as to ensure every breath is supplied it will need to be 48 litres/min
To match the inspiration 737 passenger supplemental oxygen supply need to supply over its 12 minute life, 576 litres. This is a lot of volume - approximately the amount of volume in a hospital "CD" oxygen cylinder which weighs about 4.5kg and is 0.5m long, 100cm diameter and pressurised to 2200psi - thats one tank per passenger plus an extra per row of 3 passengers.
I don't have the data for the chemical drop down O2 masks, but I don't think it is capable of that.
What all that means is that if the supplied O2 concentration is 100% and the supply rate matches the inspiratory rate, the inspired oxygen concentration will be same as the supply.
However, if the O2 supply rate is maxes out at 50% of the inspiratory rate, the inspired O2 will be a combination of 50% of the supplied 100% O2 and 50% of the ambient air which has 21% O2 (assuming the masks are not a tight fit). So the overall O2 concentration will be 35.5%
So anything that "reservoirs" the O2 in between inspirations will only increase the actual inspired O2 concentration - hence the bags.
And the masks cannot be a tight seal because it is impossible to match the inspiratory rate of anxious passengers who may actually hyperventilate. Better for them to breathe a mix of supplied Oxygen and cabin air than to feel they cant get enough volume through a tight fitting mask.
While hyperventilation (breathing faster and more deeply - which is what anxious passengers tend to do) will actually improve overall oxygenation; in a continuous supply supplemental O2 system, it is better to breathe normally.
I believe pilot O2 supply is demand driven. This means O2 is supplied only when the person inspires, and this method is able to supply much higher concentrations of O2 while conserving O2 supply. So the pilots gets more oxygen than the passenger/cabin crew. Which is a good thing
I read somewhere a long while ago (but cant find it) that the pilots can select O2/air mix, 100% oxygen demand flow, or 100% oxygen pressurised continuous flow (which is for emergencies like an explosive decompression at 40000 ft) on their system
Why the 12 minutes - I dont know but I speculate thats how long it will take to descend to 10000 from 40000 plus a little margin?. QF30 took 6 min to go from 26000ft to 8000 ft cabin altitude