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Global Consumer Oxygen Market to Rise to US$2.8 bn by 2022

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Published on : Jul 05, 2016

ALBANY, New York, July 05, 2016: ResearchMoz.us announces the addition of a new study to its growing market intelligence catalog. The report studies the global consumer oxygen market and presents a clear analysis of all its components. The 385-page report is titled ‘Consumer Oxygen Equipment: Market Shares, Strategy, and Forecasts, Worldwide, 2016 to 2022’ and is available for sale on the official website of ResearchMoz.us.

Supplemental oxygen is a nascent concept that makes use of the benefits of increasing the oxygen supply to the body. While the treatment is still in a trial phase, it is expected to be used by major entities such as sports teams and corporate gyms in order to enhance the performance of the individual. Administration of supplemental oxygen helps treat the effects of a buildup of excess carbon dioxide, an inevitable result of heavy physical labor of any kind. The presence of excess carbon dioxide can lead to potentially fatal consequences and hampers the athletic performance of the individual in the short term, which necessitates its removal. 

According to the report, the global consumer oxygen market was worth US$3.9 million in 2015. However, the market is expected to experience strong growth and rise to a valuation of US$2.8 billion by 2022. Should the market hold true, this rapid rise can be attributed to the already widespread and growing incorporation of consumer oxygen products in elite sporting institutions, which also leads to a persistent demand for product enhancement and ergonomic innovations, and the increasing use of supplemental oxygen as an immunity booster and in mountaineering. 

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The report elaborates upon the medical aspects of the consumer oxygen market in detail, with the use of supplemental oxygen by football, basketball, and hockey players analyzed in the report. The historical use of supplemental oxygen by athletes to improve performance is discussed in the report. The use of supplemental oxygen for obesity hypoventilation and as a placebo treatment is also discussed in the report. 

The growing use of supplemental oxygen for mountaineering is also explored in the report. The chemical dynamics of respiration are also explained in the report to help readers fully understand the technology. 

To elaborate on the importance of supplemental oxygen and the legal and ethical consequences of its use, incidents of blood transfusion being used by athletes to gain a performance edge are discussed in the study. A seven-year case study of famous bicyclist, Lance Armstrong, is also provided in the report. 

The report also includes detailed profiles of major players operating in the global consumer oxygen market. Various competitive, technological, and economic factors regarding the role of each company in the global consumer oxygen market are elaborated upon in the study. Key players analyzed in the report include Boost Oxygen, DeVilbiss Healthcare, Invacare, Philips Healthcare, Drive Medical, and Chart Industries. 

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