Global RecreationalOxygen Equipment Market, by Product Type (Oxygen Concentrator, Oxygen Bar,and Others), by Application (Medical, Athletes/Sport, and Others), and byRegion (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)is estimated to be valued at US$ 2,832.3million in 2019, and is expected to exhibit a CAGR of 16.7% during the forecastperiod (2019-2027), as highlighted in a new report published by Coherent MarketInsights.
Increasing launches oftechnologies that support medical as well recreational oxygen equipment byincreases their effectiveness are expected to drive the market growth. Forinstance, in February 2019, OxyGo LLC, a provider of portable oxygenconcentrator, launched new Bluetooth enabled portable oxygen concentrator(POC), OxyGo FIT Connect. The new platform will allow healthcare providers toimprove patient outcomes through a new wireless connectivity platform usingBluetooth technology. Moreover, in December2018, Inogen, Inc. launched Inogen Connect, a new wireless connectivityplatform for the Inogen One G4, a portable oxygen concentrator.
Browse 26 Market Data Tables and25 Figures spread through 137 Pages and in-depth TOC on 'Global RecreationalOxygen Equipment Market, by Product Type (Oxygen Concentrator, Oxygen Bar, andOthers), 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'
* The sample copy includes: Report Summary, Table ofContents, Segmentation, Competitive Landscape, Report Structure, Methodology.
Request a sample copyof this report: https://www.coherentmarketinsights.com/insight/request-sample/3345
Increasing number approvals andlaunches for recreational oxygen equipment for medical applications areexpected to drive the growth of global recreational oxygen equipment marketover the forecast period. For instance, in July 2016, Philips’ SimplyGo Miniportable oxygen concentrator conformed to Federal Aviation Administration (FAA)requirements for portable oxygen concentrator (POC) carriage and in-flight useon aircraft. This approval is expected to increase revenue of the SimplyGo Miniportable oxygen concentrator during the forecast period.
Moreover, in September 2017,Oxygen Plus (O+), a private company engaged in development and manufacturing ofrecreational oxygen, launched its novel innovation in recreational oxygen, TheO+ Biggi. The equipment, with its mega-size canister and unique delivery methodis engineered and designed to deliver the pure oxygen to boost naturalimmunity. The O+ Biggi contains more than 180 breaths (7 liters) of purerecreational oxygen for natural energy.
Rising awareness aboutrespiratory care devices among the population in the developed as well asemerging economies are expected to drive demand for recreational oxygenequipment such as oxygen concentrator, which are mainly used in home-caresettings. Moreover, rising prevalence of chronic obstructive pulmonary diseases(COPD) among the geriatric population are expected to fuel growth of the marketover the forecast period. For instance, according to the World HealthOrganization (WHO), in 2016, 251 million people globally developed COPD.
Browse ResearchReport: https://www.coherentmarketinsights.com/market-insight/recreational-oxygen-equipment-market-3345
Key Takeaways of the GlobalRecreational oxygen equipment market:
The global recreational oxygenequipment market is expected to exhibit a CAGR of 16.7% during the forecastperiod (2019-2027), owing to increasing product launches. For instance, inApril 2019, Inogen, Inc. INGN launched its Inogen One G5 portable oxygenconcentrator in the U.S. homecare market. The product has is capable ofproducing large amount of oxygen.
Increasing adoption of inorganicstrategies such as acquisition by key players are also expected to drive thegrowth of the global recreational oxygen equipment market over the forecastperiod. For instance, in October 2018, NGK Spark Plug Co., a company based inJapan, acquired oxygen-related products business of Chart Industries, Inc.
Major players operating in theglobal recreational oxygen equipment market include Boost Oxygen, LLC, CAIREInc. (AirSep), Chart Industries, DeVilbiss Healthcare LLC, Inogen, Inc., OxygenPlus, Inc., Pure O2 Ltd, Invacare Corporation, Oxyzens, Philips Healthcare,Zadro Health Solutions, and 2ND Wind Oxygen Bars.
Buy-Now this researchreport: https://www.coherentmarketinsights.com/insight/buy-now/3345
AboutCoherent Market Insights:
CoherentMarket Insights is a prominent market research and consulting firm offeringaction-ready syndicated research reports, custom market analysis, consultingservices, and competitive analysis through various recommendations related toemerging market trends, technologies, and potential absolute dollaropportunity.
ContactUs:
mailto:sales@coherentmarketinsights.com
U.S.Office:
Name: Mr. Shah
CoherentMarket Insights 1001 4th Ave,
# 3200Seattle, WA 98154, U.S.
US : +1-206-701-6702
UK : +44-020-8133-4027
JAPAN : +050-5539-1737
