Recreational Oxygen Equipment Market Growth Report 2021 to 2031
The Recreational Oxygen Equipment Market is expected to register a CAGR of 16.1% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Product (Oxygen Concentrators, Oxygen Bar Equipment, Others). Futher, it is segmented based on Application (Medical, Athletics/Sports, Others). The global analysis is further broken-down at regional level and major countries. The report offers the value in USD for the above analysis and segments.
Purpose of the ReportThe report Recreational Oxygen Equipment Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Recreational Oxygen Equipment Market Segmentation
Product- Oxygen Concentrators
- Oxygen Bar Equipment
- Others
- Medical
- Athletics/Sports
- Others
Strategic Insights
Recreational Oxygen Equipment Market Growth Drivers- Increasing Recognition of Respiratory Health: An increasing recognition of respiratory health problems through campaigns initiated by public health, as well as growing levels of pollution, has increased demand for recreational oxygen equipment. In response, consumers are more diligent about their well-being while seeking the devices that can best improve their performance and speed up recovery in outdoor activities, thus expanding the scope of this market potential.
- Technological Advancements: Innovations in oxygen delivery, including portable concentrators and user-friendly designs, make recreational oxygen equipment more appealing as well. These innovations allow consumers to draw oxygen outside their homes with greater ease and expand the market as more people seek ways to efficiently and conveniently improve their recreational activities.
- Aging Population: The aging population is an overly significant driver in the recreational oxygen equipment market. Elderly people are more likely to have respiratory-related issues, and generally, something which can keep them active. This population segment considers health and fitness the key priority, hence demanding oxygen-based solutions for their recreational activities, hence propelling the market growth.
- Intelligent Oxygen Devices: There is great interest in making recreational oxygen equipment intelligent. Connecting oxygen devices with sensors and a mobile application to users would make it possible to track, in real-time, how much oxygen has been used and its remaining level. This trend improves the user experience by incorporating oxygen management that is better, more accessible, and personal for a far more tech-conscious target market.
- Eco-Friendly Materials: One of the biggest worries of being more sustainable is forcing manufacturers to seek more ecologically friendly materials for recreation oxygen equipment. As such, innovations for biodegradable and recyclable materials are progressively entering the market. This aspect is attractive for environmentally responsive people, and it aids in enhancing loyalty to the brand once users are picky about how they make purchases with regard to environmental friendliness.
- Increased Portability: More portable and lightweight oxygen solutions, which further increase the demand growth in the market, reshape this aspect. New innovations tend towards compact designs; one finds it so easy to carry that being on an adventure with oxygen equipment is convenient for users. This trend, in the blink of an eye, meets active lifestyles, especially increasing the participation rate of more people while not compromising on their health.
- Adventure Tourism Growth: The rise in adventure tourism fosters the usage of recreational oxygen equipment amongst outdoor enthusiasts who are adventure-loving. With the increasing activities of mountaineering, trekking consumers would look for reliable oxygen solutions that could provide them with a better experience in the high altitude environment and thereby propel a strong demand for specialized products in this market segment.
- Customization: Recreational oxygen equipment is being highly customized. Brands are developing individualized solutions tailored to the needs of each user, such as flow rates that are adjustable and accessories designed to suit individual users. This will give consumers the freedom to choose equipment that resonates with their specific activity and preferences, thereby enhancing user satisfaction.
- Virtual Fitness Communities: With the rise of virtual fitness communities, it offers a scope to target its products of recreational oxygen equipment to such members interested in performance enhancement. It can collaborate with online influencers in fitness life to highlight the oxygen support during workouts to promote the products as the perfect tool for achieving their fitness goals and expand the consumer base in the virtual space.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Recreational Oxygen Equipment Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Recreational Oxygen Equipment Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Koninklijke Philips NV, Invacare Corporation, and DeVilbiss Healthcare LLC are some of the major players operating in the market.
The medical segment accounts for the highest revenue in application segment of the market in 2023.
Asia Pacific region accounted for the highest CAGR in the recreational oxygen equipment market.
North America region dominated the recreational oxygen equipment market in 2023.
The major factors driving the recreational oxygen equipment market are:
1. Increasing Recognition of Respiratory Health.
2. Aging Population.
The Recreational Oxygen Equipment Market is estimated to witness a CAGR of 16.1% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Recreational Oxygen Equipment Market - By Product
1.3.2 Recreational Oxygen Equipment Market - By Application
1.3.3 Recreational Oxygen Equipment Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. RECREATIONAL OXYGEN EQUIPMENT MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
5. RECREATIONAL OXYGEN EQUIPMENT MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. RECREATIONAL OXYGEN EQUIPMENT MARKET - GLOBAL MARKET ANALYSIS
6.1. RECREATIONAL OXYGEN EQUIPMENT - GLOBAL MARKET OVERVIEW
6.2. RECREATIONAL OXYGEN EQUIPMENT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. RECREATIONAL OXYGEN EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. OXYGEN CONCENTRATORS
7.3.1. Overview
7.3.2. Oxygen Concentrators Market Forecast and Analysis
7.4. OXYGEN BAR EQUIPMENT
7.4.1. Overview
7.4.2. Oxygen Bar Equipment Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. RECREATIONAL OXYGEN EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. MEDICAL
8.3.1. Overview
8.3.2. Medical Market Forecast and Analysis
8.4. ATHLETICS/SPORTS
8.4.1. Overview
8.4.2. Athletics/Sports Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. RECREATIONAL OXYGEN EQUIPMENT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Recreational Oxygen Equipment Market Overview
9.1.2 North America Recreational Oxygen Equipment Market Forecasts and Analysis
9.1.3 North America Recreational Oxygen Equipment Market Forecasts and Analysis - By Product
9.1.4 North America Recreational Oxygen Equipment Market Forecasts and Analysis - By Application
9.1.5 North America Recreational Oxygen Equipment Market Forecasts and Analysis - By Countries
9.1.5.1 United States Recreational Oxygen Equipment Market
9.1.5.1.1 United States Recreational Oxygen Equipment Market by Product
9.1.5.1.2 United States Recreational Oxygen Equipment Market by Application
9.1.5.2 Canada Recreational Oxygen Equipment Market
9.1.5.2.1 Canada Recreational Oxygen Equipment Market by Product
9.1.5.2.2 Canada Recreational Oxygen Equipment Market by Application
9.1.5.3 Mexico Recreational Oxygen Equipment Market
9.1.5.3.1 Mexico Recreational Oxygen Equipment Market by Product
9.1.5.3.2 Mexico Recreational Oxygen Equipment Market by Application
9.2. EUROPE
9.2.1 Europe Recreational Oxygen Equipment Market Overview
9.2.2 Europe Recreational Oxygen Equipment Market Forecasts and Analysis
9.2.3 Europe Recreational Oxygen Equipment Market Forecasts and Analysis - By Product
9.2.4 Europe Recreational Oxygen Equipment Market Forecasts and Analysis - By Application
9.2.5 Europe Recreational Oxygen Equipment Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Recreational Oxygen Equipment Market
9.2.5.1.1 Germany Recreational Oxygen Equipment Market by Product
9.2.5.1.2 Germany Recreational Oxygen Equipment Market by Application
9.2.5.2 France Recreational Oxygen Equipment Market
9.2.5.2.1 France Recreational Oxygen Equipment Market by Product
9.2.5.2.2 France Recreational Oxygen Equipment Market by Application
9.2.5.3 Italy Recreational Oxygen Equipment Market
9.2.5.3.1 Italy Recreational Oxygen Equipment Market by Product
9.2.5.3.2 Italy Recreational Oxygen Equipment Market by Application
9.2.5.4 Spain Recreational Oxygen Equipment Market
9.2.5.4.1 Spain Recreational Oxygen Equipment Market by Product
9.2.5.4.2 Spain Recreational Oxygen Equipment Market by Application
9.2.5.5 United Kingdom Recreational Oxygen Equipment Market
9.2.5.5.1 United Kingdom Recreational Oxygen Equipment Market by Product
9.2.5.5.2 United Kingdom Recreational Oxygen Equipment Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Recreational Oxygen Equipment Market Overview
9.3.2 Asia-Pacific Recreational Oxygen Equipment Market Forecasts and Analysis
9.3.3 Asia-Pacific Recreational Oxygen Equipment Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Recreational Oxygen Equipment Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Recreational Oxygen Equipment Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Recreational Oxygen Equipment Market
9.3.5.1.1 Australia Recreational Oxygen Equipment Market by Product
9.3.5.1.2 Australia Recreational Oxygen Equipment Market by Application
9.3.5.2 China Recreational Oxygen Equipment Market
9.3.5.2.1 China Recreational Oxygen Equipment Market by Product
9.3.5.2.2 China Recreational Oxygen Equipment Market by Application
9.3.5.3 India Recreational Oxygen Equipment Market
9.3.5.3.1 India Recreational Oxygen Equipment Market by Product
9.3.5.3.2 India Recreational Oxygen Equipment Market by Application
9.3.5.4 Japan Recreational Oxygen Equipment Market
9.3.5.4.1 Japan Recreational Oxygen Equipment Market by Product
9.3.5.4.2 Japan Recreational Oxygen Equipment Market by Application
9.3.5.5 South Korea Recreational Oxygen Equipment Market
9.3.5.5.1 South Korea Recreational Oxygen Equipment Market by Product
9.3.5.5.2 South Korea Recreational Oxygen Equipment Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Recreational Oxygen Equipment Market Overview
9.4.2 Middle East and Africa Recreational Oxygen Equipment Market Forecasts and Analysis
9.4.3 Middle East and Africa Recreational Oxygen Equipment Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Recreational Oxygen Equipment Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Recreational Oxygen Equipment Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Recreational Oxygen Equipment Market
9.4.5.1.1 South Africa Recreational Oxygen Equipment Market by Product
9.4.5.1.2 South Africa Recreational Oxygen Equipment Market by Application
9.4.5.2 Saudi Arabia Recreational Oxygen Equipment Market
9.4.5.2.1 Saudi Arabia Recreational Oxygen Equipment Market by Product
9.4.5.2.2 Saudi Arabia Recreational Oxygen Equipment Market by Application
9.4.5.3 U.A.E Recreational Oxygen Equipment Market
9.4.5.3.1 U.A.E Recreational Oxygen Equipment Market by Product
9.4.5.3.2 U.A.E Recreational Oxygen Equipment Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Recreational Oxygen Equipment Market Overview
9.5.2 South and Central America Recreational Oxygen Equipment Market Forecasts and Analysis
9.5.3 South and Central America Recreational Oxygen Equipment Market Forecasts and Analysis - By Product
9.5.4 South and Central America Recreational Oxygen Equipment Market Forecasts and Analysis - By Application
9.5.5 South and Central America Recreational Oxygen Equipment Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Recreational Oxygen Equipment Market
9.5.5.1.1 Brazil Recreational Oxygen Equipment Market by Product
9.5.5.1.2 Brazil Recreational Oxygen Equipment Market by Application
9.5.5.2 Argentina Recreational Oxygen Equipment Market
9.5.5.2.1 Argentina Recreational Oxygen Equipment Market by Product
9.5.5.2.2 Argentina Recreational Oxygen Equipment Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. RECREATIONAL OXYGEN EQUIPMENT MARKET, KEY COMPANY PROFILES
11.1. KONINKLIJKE PHILIPS N.V.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. OXYGEN PLUS, INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. 2ND WIND OXYGEN BARS
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. BOOST OXYGEN, LLC
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. CAIRE INC.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. INVACARE CORPORATION
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. PURE O2 LTD
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. CHART INDUSTRIES
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. DEVILBISS HEALTHCARE LLC
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. INOGEN
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Koninklijke Philips N.V.2. Oxygen Plus, Inc.3. 2ND WIND OXYGEN BARS4. Boost Oxygen, LLC5. CAIRE Inc.6. Invacare Corporation7. Pure O2 Ltd8. Chart Industries9. DeVilbiss Healthcare LLC10. Inogen
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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