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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.
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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