Recreational Oxygen Equipment Market Growth to register a CAGR of 16.7% to reach USD 9,776.7 Million by 2027, Boost Oxygen, LLC, CAIRE Inc., Chart Industries, DeVilbiss Healthcare LLC, Inogen, Inc., Oxygen Plus, Inc.
Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
Get Sample PDF (Including COVID-19 Impact Analysis, Full TOC, Tables, and Figures) of Recreational Oxygen Equipment, https://www.coherentmarketinsights.com/insight/request-pdf/3345
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.
Launch of technologies that support medical as well recreational oxygen equipment is expected to drive the market growth. For instance, in February 2019, OxyGo LLC, a provider of portable oxygen concentrators, launched a 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.
The increasing number of approvals and launches of recreational oxygen equipment for medical applications are expected to drive the growth of global recreational oxygen equipment market during 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.
Apply Promo Code “CMIFIRST1000” And Get Instant Discount Of USD 1000
Buy Now This Premium Report to Grow your Business @ https://www.coherentmarketinsights.com/insight/buy-now/3345
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, the rising prevalence of chronic obstructive pulmonary diseases (COPD) among the geriatric population are expected to fuel growth of the market during the forecast period. For instance, according to the World Health Organization (WHO), in 2016, 251 million people globally developed COPD.
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
To know the latest trends and insights related to Global Recreational oxygen equipment market Press Release, click the link below: https://www.coherentmarketinsights.com/press-release/recreational-oxygen-equipment-market-2710
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 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.
- The 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 during 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 are 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.
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies, to not-for-profit organization, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.
To know more about us, please visit our website – www.coherentmarketinsights.com
Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
This content has been distributed via CDN Newswire press release distribution service. For press release enquires please mail us at email@example.com.
- CDN Newswire