Recreational Oxygen Equipment Market Summary
Introduction
Recreational oxygen equipment, including concentrators and oxygen bars, supports athletic performance, high-altitude activities, and wellness by providing supplemental oxygen. With 76% of Americans engaging in sports and over 1.5 billion global tourists in 2023, demand is rising for recovery and vitality enhancement. The market is propelled by health-conscious consumers, aging populations (2.1 billion over 60 by 2050), and urban pollution concerns. Innovations like lightweight concentrators and smart controls enhance usability. The global market is projected to reach between USD 3.0 billion and USD 4.7 billion in 2025, with a CAGR of 9.2% to 11.8% through 2030.
Regional Analysis
North America: The U.S. leads with sports and wellness trends, while Canada focuses on outdoor activities.
Europe: Germany, France, and the UK drive demand due to active lifestyles and tourism.
Asia Pacific: China and India see growth from polluted urban centers, while Japan emphasizes elderly vitality.
Rest of the World: Brazil boosts outdoor recreation, and the Middle East invests in wellness tourism.
Application Analysis
Athletics: Expected growth of 9.4%-12.0%, driven by performance needs. Trends focus on portable solutions.
Medical: Projected growth of 9.1%-11.7%, linked to respiratory support. Developments emphasize home use.
Others: Anticipated growth of 9.0%-11.5%, covering wellness. Advances prioritize convenience.
Type Analysis
Oxygen Concentrators: Expected growth of 9.5%-12.1%, valued for portability. Trends highlight lightweight designs.
Oxygen Bar Equipment: Projected growth of 9.2%-11.8%, key for leisure. Advances focus on user experience.
Others: Anticipated growth of 9.0%-11.6%, covering niche devices. Innovations emphasize smart features.
Key Market Players
Leading firms include Boost Oxygen, offering portable cans; Oxygen Plus, targeting athletes; Inogen, launching G5 concentrators; CAIRE Inc, enhancing oxygen tech; Philips, advancing with SimplyGo; Chart Industries, supporting respiratory solutions; Invacare Corporation, focusing on wellness; Korrida, developing oxygen tools; Zadro, targeting personal care; 2ND WIND OXYGEN BARS, offering leisure systems; and VitalAire, boosting vitality.
Porter's Five Forces Analysis
Threat of New Entrants: Moderate, due to branding and distribution barriers, though innovative startups can emerge.
Threat of Substitutes: Moderate, with natural recovery as an option, though equipment offers unique convenience.
Bargaining Power of Buyers: Moderate, with consumers seeking affordable, effective options, though brand loyalty limits leverage.
Bargaining Power of Suppliers: Low, with multiple component providers.
Competitive Rivalry: High, with competition on portability, smart features, and market reach.
Market Opportunities and Challenges
Opportunities:
Sports participation (76% of Americans) and tourism (1.5 billion travelers) drive demand.
Aging populations (2.1 billion over 60 by 2050) and polluted cities (20 most polluted in Asia Pacific) boost needs.
Lightweight concentrators and wellness trends enhance adoption.
Challenges:
High costs of advanced equipment limit access in low-income regions.
Regulatory scrutiny for medical claims slows growth.
Limited awareness in developing markets poses barriers.
Market News
In June 2024, Society Brands acquired Vitality Now, expanding its health supplement portfolio.
In July 2024, Philips and Bon Secours Mercy Health partnered to enhance patient monitoring, indirectly supporting oxygen equipment innovation.
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