Published on : May 04, 2016
ALBANY, New York, May 04, 2016: The report states that the market will witness exponential growth and rise from a valuation of $3.9 mn in 2015 to $2.8 bn by 2022. The report is titled “Exercise Oxygen Equipment: Market Shares, Strategies, and Forecasts, Worldwide, 2016 to 2022.”
The 360-page study states that growth in the market will be driven owing to the entry of several new vendors in the global marketplace, and the rising demand for smaller and lighter exercising technologies and stationary portable exercise oxygen equipment at gyms and health clubs. The report examines the most crucial elements of the global exercise equipment market and presents a forecast for the period 2016-2022.
Exercise oxygen equipment is primarily used for improving endurance levels and personal performance during heavy workouts. For athletes, the provision of supplemental oxygen by virtue of exercise oxygen equipment has proven to give added competitive advantage during sporting events. Sports governing authorities have not banned supplemental oxygen and as such, the market is expected to benefit from this application area over the report’s forecast period as well.
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The report states that the prices of exercise oxygen equipment will gradually come down as more companies will venture in the market in the near future. More ways of getting affordable and convenient supplemental oxygen are now available in the market. The device, Focus, offered by AirSep weighs only about 1.7 pounds and operates on a battery. In the near future, the report forecasts that sports clubs will offer small canisters of oxygen for a monthly fee.
The report gives a detailed overview of the major driving forces that will help the global exercise equipment market flourish, along with the restraints that will hold back the market to a certain extent. The report presents a thorough analysis of the impact of these factors on the overall development of the market. Major trends of the past and present years are also discussed in the report, along with the way they will influence the growth prospects of the market.
The report also examines the key application areas for exercise oxygen equipment and gives detailed data pertaining to the market’s state for major applications. A thorough overview of technological developments in the market is also featured in the report.
The report includes detailed business profiles of some of the major vendors in the global exercise oxygen equipment market, wherein it includes details such as product portfolio, global presence, segments and product categories, etc.
Companies mentioned in the report include Boost Oxygen, Philips Respironics, Oxygen Plus, Chart Caire / AirSep / Sequal, Foshan Keyhub Electronic Industries Co., Ltd., Drive Medical, GoOxygen, Dräger, Inogen, Drive Medical, Inova Labs, and Summit Oxygen.
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