Hyperbaric Oxygen Chamber Market Analysis | 2023-2028

Market Insights

"The hyperbaric oxygen chamber market size was valued at USD 2.95 billion in 2022 and is forecast to grow to USD 4.3 billion by 2028 at a CAGR of 6.42% during 2023-2028".

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Key Players

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.

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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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.

Segment Analysis

Product Type Trends

"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"

• 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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key Players

The following are the key players in the Hyperbaric Oxygen Chamber Market (arranged alphabetically)

• 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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Report Features

This report provides intelligence most comprehensively. The hyperbaric oxygen chamber market report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision-making for the existing players and those willing to enter the market.

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Research Methodology

This hyperbaric oxygen chamber market report offers high-quality insights and results from 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 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

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

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