[2021] Recreational Oxygen Equipment Market Research, Analysis and Forecasted Healthcare Industry With Upcoming Trends and Expectations by 2027

Recreational Oxygen Equipment (ROE) is an in-home, portable, medical-grade device that distributes oxygen to humans at the same time as taking part in numerous bodily activities. Many one-of-a-kind manufacturers and fashions are to be had withinside the market. Some of the famous manufacturers consist of O2, Anheuser Busch, Medifast, Pure Oxygen, Pure Scope, Invacare, Pure Sleep, and Sportopia. There are numerous one-of-a-kind blessings related to those manufacturers. Let’s talk them below.

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High demand for pure oxygen (O2) among patients in-home care settings is expected to drive growth of the global recreational oxygen equipment market during the forecast period. Home oxygen therapy equipment options have increased over the years as a result of technological development and rising patient demand. As a matter of fact, the demand for such equipment has increased due to the COVID-19 pandemic where patients with respiratory issues require artificial breathing devices. Supplemental oxygen helps the body to recover from stress as well as improves stamina and provides an energy boost as and when required. According to the World Health Organization (WHO), in 2020, around 339 million people suffer from asthma. ROE helps asthma patients by providing adequate oxygen. Thus, these factors are expected to drive growth of the global recreational oxygen equipment market during the forecast period. Furthermore, continuous product launches by industry players are expected to boost the global recreational oxygen equipment market growth over the forecast period. For instance, in December 2017, Boost Oxygen, LLC introduced two new ROE products.

However, product recalls and stringent regulatory compliances are expected to hinder the global recreational oxygen equipment market growth over the forecast period. Besides, the high cost of these devices and lack of awareness is expected to restrain the market growth in the near future. Moreover, among regions, North America is expected to robust growth in the global recreational oxygen equipment market during the forecast period. This is owing to the significant presence of major market players such as Invacare Corporation, Inogen, and CAIRE Inc. across the region. Besides, Asia Pacific is expected to exhibit a lucrative growth rate over the forecast period, owing to rising awareness regarding the benefits of these products.

Major companies operating in the global recreational oxygen equipment market are Oxygen Plus Inc., Chart Industries, Boost Oxygen LLC, Inogen, Invacare Corporation, CAIRE Inc., Koninklijke Philips N.V., Pure O2 Ltd, DeVilbiss Healthcare LLC, and Zadro Health Solutions.

For instance, in November 2019, CAIRE Inc. introduced Comfort, a portable oxygen concentrator in the European market.

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