The global exercise oxygen equipment market is anticipated to grow at a CAGR of 8.5% during the forecast period (2022-2028). Exercise oxygen equipment is used to support athletes and non-diseased people to attain performance retrieval after a workout. This equipment allows the lengthier duration of workout and supports quicker return to exercise after a rest break. Doing exercise with oxygen therapy has many potential benefits and can be a great way to reduce the physical stress of exercise. This is important if the person has a chronic obstructive pulmonary disease (COPD) or any other respiratory illness that affects the person’s ability to receive oxygen. It also supports in tissue repair by removing excess carbon dioxide. For aged people, it supports to fight irritation and improve their mental acuity. Nowadays there are portable concentrators available in place of traditional cylinders. Portable concentrators are useful for home-based use which is the driving factor for the growth of the global exercise oxygen equipment market.
The market is segmented based on the product, portability, and application. Based on the portability, the market is segmented into stationary oxygen and portable oxygen equipment. Stationary oxygen concentrators take air from surroundings, extract oxygen and filter it into purified oxygen for the wearer to breathe. A portable oxygen cylinder contains compressed oxygen gas which uses a battery system to compress and filter the air in order to create a consistent supply of concentrated oxygen. A portable oxygen cylinder are lighter in weight and do not require a metal tank.
Some major players in the market include Boost Oxygen LLC, Precision Medical Inc., and Nidek Medical Products Inc., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, In June 2021, Anashwar Technologies, a Pune (India)-based company, revealed that it has created a do-it-yourself (DIY) design for a medical oxygen concentrator by modifying open-source materials to match Indian requirements.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Product
- By Portability
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Boost Oxygen LLC, Precision Medical Inc., and Nidek Medical Products Inc., among others.
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Global Exercise Oxygen Equipment Market Report by Segment
By Product
- Oxygen Concentrators
- Compressed Gas Systems
- Liquid Oxygen Systems
By Portability
- Stationary Oxygen Equipment
- Portable Oxygen Equipment
By Application
- Nocturnal
- Ambulatory-Travel
- Homebound
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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