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New Healthcare Experience Global Recreational Oxygen Equipment Market Overview, Growth Forecast, Demand and Development Research Report to 2026 | Grand View Research, Inc.

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New Healthcare Experience Global Recreational Oxygen Equipment Market Overview, Growth Forecast, Demand and Development Research Report to 2026 | Grand View Research, Inc.

March 22
05:34 2021
New Healthcare Experience Global Recreational Oxygen Equipment Market Overview, Growth Forecast, Demand and Development Research Report to 2026 | Grand View Research, Inc.

“Grand View Research, Inc. – Market Research And Consulting.”
According to the report published by Grand View Research, Inc., factors such as increasing usage by different professionals such as actors and sportspersons for professional training, growing demand from geriatric population and rising inclination of people towards home-based oxygen therapy are expected to fuel the market expansion in the coming years.

The global recreational oxygen equipment market size is expected to reach USD 299.8 million by 2026, according to a new report by Grand View Research, Inc., registering a CAGR of 16.2% over the forecast period. High prevalence of unhealthy lifestyle among a large section of the global population has increased the risk of respiratory disorders such as chronic obstructive pulmonary disease (COPD). This is a major factor driving the need for recreational oxygen equipment. In addition, a growing geriatric population, who is prone to numerous health disorders requiring supplemental oxygen, is expected to boost the market.

Recently, a rise in the awareness regarding the benefits of consumer oxygen among people has given a boost to the demands of the product in the market. Consumer oxygen efficiently treats dementia and muscle recovery. Increase in awareness levels pertinent to the benefits of consumer O2 in the treatment of Obesity Hypoventilation Syndrome (OHS), COPD, dementia, and stress are projected to drive demand in the coming years. Furthermore, recreational oxygen is also helpful during strenuous physical activities such as mountain climbing, where the altitude makes it difficult to breathe normally. Apart from this, these products have also been utilized in other recreational sports like skiing, hiking, biking, snowboarding, or floating at altitude. Owing to increasing popularity of these sports, demand for portable O2 devices for recreational use is on the rise. 

Recreational Oxygen Equipment Market Report Highlights

 Mergers & Acquisitions are always forayed into by major players to boost their popularity and acquire greater market reach. For instance, in august 2019, Inogen Inc. completed its planned acquisition of privately held New Aera Inc., a manufacturer of portable noninvasive ventilators, for about $70.4 million

Market players are going with new innovative product launches as the market expansion strategy. For instance, in July 2019, Oxygen Plus launches new and improved O+ Biggi Wellness product

COVID-19 pandemic has boosted the demands in the market leading to better growth. For example, in May 2020, Oxygen Plus (O+) stated that, it experienced a large increase in consumer demand due to the fear surrounding the still mysterious Coronavirus (SARS-Cov-2) pandemic

On the basis of products, portable oxygen concentrators accounted for the largest revenue share by product in 2018. Manufacturers have been focusing on manufacturing compact, stylish portable oxygen concentrators to cater to changing consumer demands. This segment is also expected to exhibit the fastest growth over the forecast period

On the basis of applications, the athletics segment is expected to witness lucrative growth in the coming years. Professional athletes have been increasingly adopting this equipment owing to availability of portable and user-friendly products

New product launches have been the focus of manufacturers in the market. Key industry participants include Oxygen Plus, Inc.; Boost Oxygen, LLC; Koninklijke Philips N.V.; Chart Industries; and Inogen.

Browse Report Summary And TOC @ https://www.grandviewresearch.com/industry-analysis/recreational-oxygen-equipment-market

Recreational Oxygen Equipment Market Segmentation

Grand View Research has segmented the global recreational oxygen equipment market on the basis of the product, application, and region:

Recreational Oxygen Equipment Product Outlook (Revenue, USD Million, 2014 – 2026)

     Concentrators
     Bar Equipment
     Others

Recreational Oxygen Equipment Application Outlook (Revenue, USD Million, 2014 – 2026)

     Athletics/Sports
     Medical
     Others

Recreational Oxygen Equipment Regional Outlook (Revenue, USD Million, 2014 – 2026)

     North America
        • The U.S.
        • Canada
    • Europe
        • Germany
        • The U.K.
        • Spain
        • Italy
        • France
        • Russia
    Asia Pacific
        • China
        • India
        • Japan
        • Singapore
        • Australia
        • South Korea
    • Latin America
        • Mexico
        • Brazil
        • Argentina
    • Middle East & Africa
        • Saudi Arabia
        • UAE
        • South Africa

Get sample copy of “Recreational Oxygen Equipment Market” at: https://www.grandviewresearch.com/inquiry/6623/ibb

Browse More Related Report:

Oxygen Conservation Devices Market Analysis Report By Product (Reservoir Oxygen Delivery Devices, Electromechanical Pulsing Devices, Transtracheal Catheters), By End-use, And Segment Forecasts, 2018 – 2025

Hyperbaric Oxygen Therapy Devices Market Size, Share & Trends Analysis Report By Product (Monoplace, Multiplace, Topical HBOT Devices), By Application (Wound Healing, Infection Treatment, Gas Embolism), And Segment Forecasts, 2018 – 2025

About Grand View Research

Grand View Research is an India & U.S. based market research and consulting company headquartered in San Francisco, which offers syndicated research reports, customized research reports, and consulting services. The company’s rich database includes in-depth analysis across a range of industries including chemicals, materials, energy, healthcare, and technology, among others.

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1888202951
Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
City: San Francisco
State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/recreational-oxygen-equipment-market

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