Global Recreational Oxygen Equipment Market Size is estimated to expand rapidly in the coming years, at a CAGR of 17.6 % from 2018 to 2025. In 2017, the global market valuation was USD 0.25 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. High requirement for pure O2 is expected to be a key variable in driving consumption oxygen development for the next few years in homecare clients and sportspeople. The increasing tendency in oxygen bottles is also expected to boost development in many nations. O2, also known as O2, has been used progressively by a variety of experts like performers and sports figures. Additional oxygen enhances the body's resilience to pressure, strength and power when needed.
Market drivers will also include unhealthy lifestyles, elevated incidence of pulmonary disease and obesity hypoventilation syndrome (OHS), increasing geriatric population, and customers ' tendency for home-based oxygen therapy. Technologically developed O2 medicinal products achieve superior results, combined with higher convenience, monitored flow rate, improved reaction, less gas waste and increased portability. These advantages will increase supply over the forecast period for such machinery. Product companies have worked together with different sportsmen to raise the consciousness of the many safety circumstances requiring additional oxygen availability and the many advantages such machinery offers.
Global Market Growth Opportunities (Revenue, Growth) By 2018-2025
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global recreational oxygen equipment market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global recreational oxygen equipment market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
By Product Insights: On the basis of product, global recreational oxygen equipment market has been segmented into concentrators, bar equipment, and others. Among which concentrators segment has accounted for largest share in the global market. The sector is expected to fuel increasing requirement in the coming years for lightweight and mobile O2 concentrators with supply from individuals engaged in operations such as mountain climbing and high-altitude hiking where oxygen concentrations are small. These versions give different benefits such as compact volume, increased oxygen performance, and improved flexibility in all types of settings.
By Application Insights: On the basis of application, global recreational oxygen equipment market has been segmented into medical, athletics/sports. The use of personal oxygen machinery in 2018 dominated the industry, with the largest proportion of total sales. This development is due to such variables as an increased incidence of COPD in home health care and a strong request for O2 therapy. Home O2 concentrators enable nurses to operate independently and securely.
The recreational oxygen equipment market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players.
Due to variables like advanced house insurance equipment, favorable reimbursement strategies, increased request for therapeutic air to be used at restaurants and spas, North America was the biggest revenue-based industry in 2018. The national economy is anticipated to gain an important increase by building public consciousness and working with regulators to improve the use of medicinal air. In the coming years, Asia Pacific is anticipated to see profitable growth. The national economy is probable to be motivated by increasing healthcare expenses, increasing requirement for mobile concentrators and bottles and an evolving oxygen tendency for personal use.
Global Recreational Oxygen Equipment Market Size, Share Analysis by Region 2018
Global Recreational Oxygen Equipment Market Study Objective
1. To forecast the market size of recreational oxygen equipment market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
2. Market analysis and forecast of recreational oxygen equipment market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.
3. To analyze and elaborate significant factors that will have a major impact on the growth of recreational oxygen equipment market, such as drivers, restraints, challenges, and opportunities.
4. The regional analysis of recreational oxygen equipment market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.
5. Strategic analysis of micro-markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.
6. To provide detailed analysis of competitive and strategic developments in the recreational oxygen equipment market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
Key Players Landscape
Oxygen Plus, Inc., Boost Oxygen, LLC, Koninklijke Philips N.V., Chart Industries, and Inogen are some of the key players in the market of recreational oxygen equipment. These businesses have taken various development approaches in order to enhance their business situation. The main growth policies taken by these teams to improve their products' and global existence to satisfy the increasing supply from developing economy bubbles officials are expansion, fresh brand creation, fusion & procurement and cooperation.
Global Recreational Oxygen Equipment Market Study Report Offer You!
The global recreational oxygen equipment market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end-user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
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