Global Recreational
Oxygen Equipment Market, by Product Type (Oxygen Concentrator, Oxygen Bar,
and Others), by Application (Medical, Athletes/Sport, and Others), and by
Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
is estimated to be valued at US$ 2,832.3
million in 2019, and is expected to exhibit a CAGR of 16.7% during the forecast
period (2019-2027), as highlighted in a new report published by Coherent Market
Insights.
Increasing launches of
technologies that support medical as well recreational oxygen equipment by
increases their effectiveness are expected to drive the market growth. For
instance, in February 2019, OxyGo LLC, a provider of portable oxygen
concentrator, launched new Bluetooth enabled portable oxygen concentrator
(POC), OxyGo FIT Connect. The new platform will allow healthcare providers to
improve patient outcomes through a new wireless connectivity platform using
Bluetooth technology. Moreover, in December
2018, Inogen, Inc. launched Inogen Connect, a new wireless connectivity
platform for the Inogen One G4, a portable oxygen concentrator.
Browse 26 Market Data Tables and
25 Figures spread through 137 Pages and in-depth TOC on 'Global Recreational
Oxygen Equipment Market, by Product Type (Oxygen Concentrator, Oxygen Bar, and
Others), by Application (Medical, Athletes/Sport, and Others), and by Region
(North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) -
Global Forecast to 2027'
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Contents, Segmentation, Competitive Landscape, Report Structure, Methodology.
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Increasing number approvals and
launches for recreational oxygen equipment for medical applications are
expected to drive the growth of global recreational oxygen equipment market
over the forecast period. For instance, in July 2016, Philips’ SimplyGo Mini
portable oxygen concentrator conformed to Federal Aviation Administration (FAA)
requirements for portable oxygen concentrator (POC) carriage and in-flight use
on aircraft. This approval is expected to increase revenue of the SimplyGo Mini
portable oxygen concentrator during the forecast period.
Moreover, in September 2017,
Oxygen Plus (O+), a private company engaged in development and manufacturing of
recreational oxygen, launched its novel innovation in recreational oxygen, The
O+ Biggi. The equipment, with its mega-size canister and unique delivery method
is engineered and designed to deliver the pure oxygen to boost natural
immunity. The O+ Biggi contains more than 180 breaths (7 liters) of pure
recreational oxygen for natural energy.
Rising awareness about
respiratory care devices among the population in the developed as well as
emerging economies are expected to drive demand for recreational oxygen
equipment such as oxygen concentrator, which are mainly used in home-care
settings. Moreover, rising prevalence of chronic obstructive pulmonary diseases
(COPD) among the geriatric population are expected to fuel growth of the market
over the forecast period. For instance, according to the World Health
Organization (WHO), in 2016, 251 million people globally developed COPD.
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Report: https://www.coherentmarketinsights.com/market-insight/recreational-oxygen-equipment-market-3345
Key Takeaways of the Global
Recreational oxygen equipment market:
The global recreational oxygen
equipment market is expected to exhibit a CAGR of 16.7% during the forecast
period (2019-2027), owing to increasing product launches. For instance, in
April 2019, Inogen, Inc. INGN launched its Inogen One G5 portable oxygen
concentrator in the U.S. homecare market. The product has is capable of
producing large amount of oxygen.
Increasing adoption of inorganic
strategies such as acquisition by key players are also expected to drive the
growth of the global recreational oxygen equipment market over the forecast
period. For instance, in October 2018, NGK Spark Plug Co., a company based in
Japan, acquired oxygen-related products business of Chart Industries, Inc.
Major players operating in the
global recreational oxygen equipment market include Boost Oxygen, LLC, CAIRE
Inc. (AirSep), Chart Industries, DeVilbiss Healthcare LLC, Inogen, Inc., Oxygen
Plus, Inc., Pure O2 Ltd, Invacare Corporation, Oxyzens, Philips Healthcare,
Zadro Health Solutions, and 2ND Wind Oxygen Bars.
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report: https://www.coherentmarketinsights.com/insight/buy-now/3345
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