Hyperbaric Oxygen Chamber Market Analysis | 2023-2028

Market Insights

The hyperbaric oxygen chamber market was estimated at USD 2.95 billion in 2022 and is likely to grow at a CAGR of 6.42% during 2023-2028 to reach USD 4.3 billion in 2028.

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Market Dynamics

Introduction

A medical hyperbaric oxygen chamber is a medical treatment in which an increased amount of oxygen reaches the body tissue. This treatment is used to speed up the healing of wounds and the recovery process for any damaged tissue or diseases. It is used to treat several medical issues which include brain abscess, decompression sickness, burns, severe anemia, radiation injury, and traumatic brain injury among others.

Covid-19 Impact

The COVID-19 outbreak did not affect the growth of the market as, unlike other medical problems the treatment of people having chronic &acute wounds could not be postponed. Additionally, hyperbaric oxygen therapy was also used for patients infected with coronavirus in monoplane hyperbaric chambers. However, the COVID-19 outbreak resulted in the limitation of hours in many hyperbaric oxygen therapy centers.

Market Drivers

The growth of the hyperbaric oxygen chamber is primarily driven by the increasing use of this treatment to heal several medical conditions.

• Growing emphasis on developing advanced hyperbaric oxygen chamber systems by the market players is likely to contribute to the market growth significantly during the review period.
• Increasing incidences of chronic & acute wounds are fuelling the product demand substantially.
• Furthermore, increasing clinical trials sponsored by various universities is likely to create lucrative opportunities for the players operating in the global market.

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Key Players

The following are the key players in the hyperbaric oxygen chamber market:

• Sechrist Industries, Inc. (The U.S),
• ETC BioMedical Systems (The U.S.),
• OxyHeal Health Group (The U.S.),
• Gulf Coast Hyperbarics Inc (The U.S.),
• Fink Engineering (The U.S.),
• Haux-Life-Support GmbH (Germany),
• Hearmec Co., Ltd. (Japan),
• Hyperbaric SAC (Peru),
• IHC Hytech (Netherlands),
• Perry Baromedical Corporation (The U.S.), and
• SOS Medical Group Ltd (UK).

Note: The above list does not necessarily include all the top players in the market.

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Segment Analysis

By Product Type

"The monoplace medical hyperbaric oxygen chamber segment accounted for the largest market share in 2022"

• Based on product type, the market has been segmented into monoplace hyperbaric oxygen chambers and multiple medical hyperbaric oxygen chambers.
• The monoplace medical hyperbaric oxygen chamber segment accounted for the largest market share in 2022 and is projected to grow at the fastest CAGR during the review period owing to its widespread usage in end-use applications.

Regional Trends

"Geographically, the market in North America accounted for the largest market share in 2022"

• Geographically, the market in North America accounted for the largest market share in 2022. The market growth can be attributed to the increasing prevalence of acute & wound coupled with the availability of technologically advanced solutions.
• The market in Asia-Pacific is expected to register the fastest growth during the review period on account of rising awareness regarding the benefits of hyperbaric oxygen chamber therapy.

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Research Methodology

• This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s hyperbaric oxygen chamber market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The hyperbaric oxygen chamber market is segmented into the following categories:

By Product Type 

• Monoplace Medical Hyperbaric Oxygen Chamber
• Multiplace Medical Hyperbaric Oxygen Chamber

By Application Type

• Wound Healing
• Decompression Sickness
• Infection Treatment
• Gas Embolism
• Others

By Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, India, Australia, South Korea, and the Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Saudi Arabia, Brazil, and Others)

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Customization Options

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.