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Recreational Oxygen Equipment Market Analysis (2020-2027)

Recreational oxygen Equipment such as oxygen concentrator separates oxygen from nitrogen in the air, and allows the person to receive purified oxygen. Recreational oxygen is also known as canned oxygen. Unlike medical oxygen systems, recreational oxygen Equipment does not require approval from the medical devices regulatory authorities such as U.S.FDA, EMA, and others. Recreational oxygen is considered as major component to enhance athletic performance. It also helps to improve natural endurance and speed up muscle recovery.

The global recreational oxygen Equipment market 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).

Figure 1. Global Recreational Oxygen Equipment Market Share (%), By Type, (2019 & 2027)

Source: Coherent Market Insights Analysis (2019)

Increasing product launches by market players is expected to drive growth of the market over the forecast period

Major manufacturers such as Boost Oxygen, LLC, Chart Industries, Inogen, Inc., and Oxyzens are focused on product launches, which is expected to boost the recreational oxygen equipment market growth. For instance, in December 2017, Boost Oxygen LLC launched two new product lines of recreational oxygen equipment including the oxygen canisters containing 10 liter, 5 liter, and 2 liter of 95% pure Aviator's Breathing Oxygen.

Moreover, key players are focused on adopting inorganic growth strategies such as collaborations and partnerships, in order to expand their consumer base, and enhancing position in the market, which is expected to drive growth of the market. For instance, in April 2017, The Yorkshire & Humber Academic Health Science Network entered into a partnership with BOC Healthcare, in order to implement myCOPD, the most comprehensive, user friendly, and intuitive COPD App, within its NHS community-based pulmonary rehabilitation services. This partnership has helped the BOC healthcare to reach more patients through digital self-management and pulmonary rehabilitation, delivering care through face to face and digital services.

Global Recreational Oxygen Equipment Market- Restraints

Product recalls for oxygen systems is expected to hamper the market growth. Therefore, increasing recalls may affect the production capacities of manufacturers and distribution chain. For instance, in October 2017, the U.S. Food and Drug Administration (FDA) issued a class II product recall notice for Pure Oxygen Concentrator, CHAD Drive, Models CH5000, and CH5000S, manufactured by Inovo, Inc., as an aggregate complaint/service rate was found to be over than 35% for low oxygen purity (output oxygen below the published specification), during post-market surveillance of the product.

Global Recreational Oxygen Equipment Market- Regional Analysis

Regional segmentation of the global recreational oxygen Equipment market comprises North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.

Among regions, North America is expected to witness significant growth in the recreational oxygen Equipment market, owing to presence of key players in the region. Leading manufacturers such as Inogen, Invacare Corporation, CAIRE, Inc., and O2 Concepts, LLC, offers innovative oxygen concentrators and have high presence in the U.S. market. This factor is expected to drive growth of the regional market over the forecast period.

Moreover, Europe and Asia Pacific is anticipated to witness significant growth in recreational oxygen equipment market, owing to presence of major key players and increasing product launches in these regions. For instance, in January 2016, GCE Healthcare launched Zen-O portable oxygen concentrator (POC). It is the first product developed by its new Innovation Centre in St Helens, U.K.

Furthermore, in November 2018, Bluewater Alkaline Solutions (BWAS) launched portable oxygen can, OXY99, in Telangana and Andhra Pradesh, India.

Figure 2: Global Recreational Oxygen Equipment Market Share (%), By Region, (2019 & 2027)

Source: Coherent Market Insights Analysis (2019)

Global Recreational oxygen Equipment market- Competitive Landscape

Key players operating in the recreational oxygen Equipment market include 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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