Hyperbaric Oxygen Chamber Market Report

Market Insights

The Global Medical Hyperbaric Oxygen Chamber Market is expected to grow from USD 2.6 billion in 2020 to USD 3.8 billion by 2026 at a CAGR of over 6.5% during the forecast period.

Figure: Global Medical Hyperbaric Oxygen Chamber Market Size, 2020-2026 (USD Billion)

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What is a Medical hyperbaric oxygen chamber?

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 anaemia, radiation injury, and traumatic brain injury among others.

Key Players

Key players operating in the global Medical Hyperbaric Oxygen Chamber Market are-

• 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).

Market Dynamics

The growth of the global medical hyperbaric oxygen chamber market 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.

Segment Analysis

Product Type Trends

Based on product type, the market has been segmented into monoplace medical hyperbaric oxygen chamber and multiplace medical hyperbaric oxygen chamber.

The monoplace medical hyperbaric oxygen chamber segment accounted for the largest market share in 2020 and is projected to grow at fastest CAGR during the review period owing to its widespread usage in the end use applications.

Regional Trends

Geographically, the market in North America accounted for the largest market share in 2020.

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

COVID-19 Impact on Global Medical Hyperbaric Oxygen Chamber Market

The covid-19 outbreak did not affect the growth of the medical hyperbaric oxygen chamber 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 monoplace hyperbaric chambers. However, the covid-19 outbreak resulted in the limitation of hours in many hyperbaric oxygen therapy centres.

Critical Questions Answered in the Report

• What are the key trends in the global medical hyperbaric oxygen chamber market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the global medical hyperbaric oxygen chamber market?
• What are the key strategies adopted by the major vendors to lead in the global medical hyperbaric oxygen chamber market?
• What is the market share of the top vendors?

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Target Audience

Here is the list of the group of customers that the market hopes to have the greatest opportunity to convert-

• Medical hyperbaric oxygen chamber manufacturers
• Medical hyperbaric oxygen chamber suppliers
• Medical hyperbaric oxygen chamber distributors
• Organizations
• Government bodies

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