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Recreational Oxygen Equipment Market - 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 Win

08-06-2021 06:40 AM CET | Health & Medicine

Press release from: Coherent Market Insights

Recreational Oxygen Equipment

Recreational Oxygen Equipment

Recreational Oxygen Equipment (ROE) is an in-home, portable, medical-grade system that distributes oxygen to people while participating in various physical activities. Many different brands and models are available in the market. Some of the popular brands include O2, Anheuser Busch, Medifast, Pure Oxygen, Pure Scope, Invacare, Pure Sleep, and Sportopia. There are several different advantages associated with these brands. Let's discuss 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.

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COVID-19 Impact:

The outbreak of COVID-19 has placed an economic burden on the healthcare sector. Private healthcare is one of the major sectors affected by the global pandemic. Moreover, the pandemic has affected the supply, production, and development of drugs and other healthcare products. Thus, the emergence of COVID-19 is expected to hamper the global Recreational Oxygen Equipment Market growth over the forecast period.

Market-research techniques encompass qualitative techniques. The report helps the user to strengthen decisive power to plan their strategic moves to launch or expand their businesses by offering them a clear picture of this market. Recreational Oxygen Equipment Market Research Report gives current competitive analysis and also valuable insights to clients/industries, which will assist them to prepare a new strategy to expand or penetrate in a global Recreational Oxygen Equipment Market.

Major Key Players 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

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Coherent Market Insights
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Email: sales@coherentmarketinsights.com

About Coherent Market Insights

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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