Medical Hyperbaric Oxygen Chamber Market set to recoup post COVID-19
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.
Medical Hyperbaric Oxygen Chamber Market Overview:
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.
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Product Type Trends
Based on product type, the market has been segmented into monoplace medical hyperbaric oxygen chambers and multiple 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.
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 ´ 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.
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.