Consumer recreational oxygen equipment markets at $44.5 million in 2017 are anticipated to reach $2.1 billion dollars by 2023. Professional athletes drive the market initially. Worldwide markets are poised to achieve continuing growth as the athletes, the people exercising in sports gyms, and aging population worldwide needs homecare oxygen treatment. Growth is a result of demand for the smaller lighter technology already developed, already on the market, for use by people exercising. Oxygen equipment only gets less expensive, smaller, and easier to use. The market need by for oxygen generation devices at clubs and gyms is building even as portable devices provide greater mobility support for bike riders, joggers, and older people.
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Browse 317 Pages Report Title” Consumer and Recreational Oxygen Equipment: Market Shares, Strategies, and Forecasts, Worldwide, 2017 to 2023” at www.reportsnreports.com/reports/11…2017-to-2023.html.
Recreational oxygen is different from medical oxygen. The professional athletes use recreational oxygen.
Sports club members are expected to widely adopt use of recreational oxygen.
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All these uses of oxygen are anticipated to grow. The O2 is the same in recreational oxygen as it is in the medical oxygen, the chemical composition is the same.
But medical oxygen is delivered under a prescription and used as a medicine, recreational oxygen is used to improve athletic endurance and improve brain functioning.
Key topics covered under this report: Oxygen Concentrator, Bottled Oxygen, Recreational Oxygen, Portable Oxygen, Home Oxygen Equipment, Consumer Oxygen, Sports Club Oxygen, Managed Exercise Care, and Non-Medical Health Care
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Major factors driving the market for consumer oxygen include its ability to provide oxygen under all circumstances. The worldwide aging population.
An increase in the number of people using sports gyms and corporate gyms provides the base for extension of the market. Advantages of newer stationary oxygen concentrator devices are that they weigh less, are somewhat quieter than toe older units, and are easy to use.
They are generally affordable but reimbursement drives markets.
“The adoption of consumer recreational oxygen is tied to the actual benefit achieved by its use. People that try getting extra oxygen for the purpose of increasing endurance use the oxygen selectively and it works for them, leading them to continue using supplemental oxygen.
They tell their friends and then there becomes a user base, based on reality. This provides the basis for significant market growth.
Supplemental oxygen has become affordable, boding well for market expansion.”
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Market Participants : Chart Industries, Chart Caire / AirSep / Sequal, Drive Medical / DeVilbiss Healthcare, Drive Medical / DeVilbiss Healthcare, Foshan Keyhub Electronic Industries Co., Ltd., Inogen, Jiuxin Medical, Leistung Engineering, Live O2 Oxygen, Longfian Scitech, NTK, Oxygen Plus, Oxygen Plus / Summit Oxygen, Philips Healthcare, Philips Respironics, POD Oxygen, Weyergans High Care AG, Yuwell, Zadro Health Solutions, Zorvo Portable O2 Generator, Zoom, 2nd Wind Distributors
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