RECREATIONAL OXYGEN EQUIPMENT MARKET ANALYSIS
Global Recreational Oxygen Equipment Market – Driver
Increase in inorganic strategies by key players
Increase in inorganic strategies such as partenership by the key market players is expected to drive the global recreational oxygen equipment market over the forecast period. For instance, in September 2021, Godrej and Boyce, an engineering and flagship company of the Godreej group announced that one of its businesses, Godrej Precision Engineering has received an order from the Defence Bio-engineering and Electromechanical Laboratory, (DEBEL), a Defence Research and Development Organisation (DRDO) laboratory in Bengaluru to manufacture oxygen generators to support India’s oxygen buffer plan.
Global Recreational Oxygen Equipment Market: Restraint
Product recalls for oxygen systems
The global recreational oxygen equipment market can be hindered by Product recalls for oxygen systems. For instance, in November 2022, U.S. Food and Drug Administration (FDA) recalled Class 2 device DeVilbiss iGo 2 portable oxygen concentrator.
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