SAN FRANCISCO, July 10, 2019 /PRNewswire/ -- Global Hyperbaric Chamber Market is projected to exhibit a healthy CAGR during the forecast period. Hyperbaric chamber, also known as "recompression chamber" or "decompression chamber", is a sealed pressurized chamber in which a high-pressure environment is used mainly to treat gas embolism, decompression sickness, carbon monoxide poisoning, tissue injury arising from radiation therapy for cancer (see cancer: Radiation therapy), gas gangrene resulting from infection by anaerobic bacteria, and wounds that are difficult to heal.
Rising incidence and prevalence of chronic and acute wounds, growing popularity of leisure and adventure activities, and ready availability of hyperbaric chamber are likely to drive the market in the years to come. The other driving factors include surging R&D activities and technological advancements. However, challenges in reimbursement and high cost of treatment are likely to hamper the hyperbaric chamber market in the years to come.
Approximately, globally, 30,000 HBOT (Hyperbaric Oxygen Therapy) treatments are done on a daily basis. Due to rising adoption of hospital setting HBOT systems and surging clinical prevalence, there is a significant development in acceptance and demand for HBOT systems in home settings due to easy usage. Increasing public and private investment to increase geographical presence and increasing R&D activities are also some of the factors that are estimated to increase the demand in the forecast period.
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The Asia Pacific is one of the prominent regions and will continue to account for a large share in the hyperbaric chamber market throughout the forecast period, owing to technological advancements in the medical device industry, increasing per capita income, emerging economies, and several developments in healthcare infrastructure.
Leading players operating in the hyperbaric chamber market include Haux-Life-Support GmbH, ETC Biomedical Systems Group, Pan-America Hyperbarics, Inc., Ox Health LLC, Hyperbaric S.A.C, Sechrist Industries, Inc. and Perry Baromedical Corporation. Mergers, expansions, acquisitions, and new product development are some of the most extensively accepted strategies by industry companies, both small and large.
The 'Global Hyperbaric Chamber Market Outlook 2018-2023' offers detailed coverage of hyperbaric chamber industry and presents main market trends. The market research gives historical and forecast market size, demand, end-use details, price trends, and company shares of the leading hyperbaric chamber producers to provide exhaustive coverage of the market for hyperbaric chamber. The report segments the market and forecasts its size, by volume and value, on the basis of application, by products, and by geography.
The report has been prepared based on an in-depth market analysis with inputs from key industry participants. The global hyperbaric chamber market has been segmented into five major regions, namely, North America (U.S., Canada, and others), Europe (U.K., France, Germany, Russia, and others), Asia-Pacific (China, Japan, India, Australia, and others), South America (Brazil, Argentina, and others), and Middle East & Africa (South Africa, Saudi Arabia, and others). Furthermore, the report also includes an in-depth competitive analysis of the key vendors operating in this market.
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Market Segmentation:
- Key Regions
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
- Key Vendors
- ETC BioMedical Systems Group
- Haux-Life-Support GmbH
- Hyperbaric S.A.C
- OxyHealth LLC
- Pan-America Hyperbarics, Inc.
- Perry Baromedical Corporation
- Sechrist Industries, Inc.
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- Key Questions Answered in This Report
- Analysis of the hyperbaric chamber market including revenues, future growth, market outlook
- Historical data and forecast
- Regional analysis including growth estimates
- Analyzes the end user markets including growth estimates.
- Profiles on hyperbaric chamber vendors including products, sales/revenues, SWOT, and market position, recent developments.
- Market structure, market drivers and restraints.
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