February 23rd, 2023/Industry News Global/ -- This new report from Stratview Research analyses the Medical Hyperbaric Oxygen Chamber Market over the trend period from 2014 to 2019 and the forecast period from 2020 to 2026. The insights of the report shall enable informed decision-making and strategy formulation for the near future to capitalize on the opportunities.
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.
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 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).
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.
This report offers high-quality insights and is the outcome of 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 book, press release, journals, investor presentation, 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 the qualitative and quantitative insights.
About Stratview Research
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.