Hypoxia chamber market

Hypoxia Chamber Market, By Type (84 x 35 mm Plates, 27 x 60 mm Plates, 12 x 100 mm Plates, 12 x 96-well Plates, and 18 x 25 cm2 Flasks), By Application (Cell Culture Imaging, Drug Discovery, and Others), By End User (Biopharmaceutical Companies, Clinical Laboratories, and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

Request Free Sample

Dec 2020
CMI4325
193 Pages
Excel & Pdf
Medical Devices

Summary

Hypoxia is a condition in which the animal culture does not get enough oxygen for supply and oxygen therapy is provided in the complete absence of oxygen, so that the tissue can get oxygen in sufficient manner. It is used in various applications such as animal research, cell research and others.

The global hypoxia chamber market is estimated to be valued at US$ 59.9 million in 2020 and is expected to exhibit a CAGR of 7.7% during the forecast period (2020-2027).

Figure 1. Global Hypoxia Chamber Market Share (%) in Terms of Value, By Region, 2020

Rising prevalence of chronic diseases and increasing research and development activities is expected to drive the market growth during the forecast period

The rising incidence of chronic diseases such as cardiovascular diseases, cancer, and increasing research and development activities for the development of novel therapy is expected to drive growth of the global hypoxia chamber market during the forecast period.

According to the Cancer Research UK report published in 2018, around 17 million new cancer cases were diagnosed in 2018 and around 9.6 million deaths occurred due to cancer in 2018 globally.

Moreover, according to the study conducted on “Hypoxia Increases Thyroid Cancer Stem Cell-Enriched Side Population” published in World Journal of Surgery, on November 2017, they observed that increase in the side population (SP) cells within the thyroid cancer cell lines following induction of hypoxia.

Hypoxia Chamber Market Report Coverage

Report Coverage	Details
Base Year:	2019	Market Size in 2020:	US$ 59.9 Mn
Historical Data for:	2016 to 2019	Forecast Period:	2020 to 2027
Forecast Period 2020 to 2027 CAGR:	7.7%	2027 Value Projection:	US$ 100.6 Mn
Geographies covered:	North America: U.S. and Canada Latin America: Brazil, Argentina, Mexico, and Rest of Latin America Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific Middle East: GCC Countries, Israel, and Rest of Middle East Africa: South Africa, North Africa, and Central Africa
Segments covered:	By Type: 84 x 35 mm Plates, 27 x 60 mm Plates, 12 x 100 mm Plates, 12 x 96-well Plates, 18 x 25 cm2 Flasks. By Application: Cell Culture Imaging, Drug Discovery, Others. By End User: Biopharmaceutical Companies, Clinical Laboratories, Others.
Companies covered:	Baker, STEMCELL Technologies Inc, BioSpherix?Ltd, Plas-Labs, HypOxygen, Coy Labs, Oxford Optronix Ltd, Scintica Instrumentation Inc., CytoSMART Technologies B.V.
Growth Drivers:	Rising prevalence of chronic diseases Increasing adoption of inorganic growth strategies by key players operating in the market
Restraints & Challenges:	Stringent government regulation for the approval of hypoxia chamber Availability of substitute product

Figure 2. Global Hypoxia Chamber Market Share (%), by Type, 2020

Increasing adoption of inorganic growth strategies such as agreement and collaboration is expected to drive the market growth during the forecast period

Key players operating in the market are focusing on adoption of inorganic growth strategies in order to develop novel product and increase their presence in the global market.

For instance, in March 2019, Scintica Instrumentation Inc., announced a distribution agreement with Baker Ruskinn preclinical VelO?x hypoxia chamber for scientific research. The VelO?x system has been engineered to provide an isolated and highly controlled oxygen environment to help researchers better understand how O? levels affect various conditions such as sleep apnea, systemic hypertension, pulmonary dysfunction, ischemia and others. The system, complete with innovative touch screen, has unparalleled user control, functionality and response with its ability to cycle various oxygen conditions. Its compact ergonomic chamber can be placed on an ordinary lab bench and does not require any extra customization to work effectively.

Global Hypoxia Chamber Market – Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe and the World Health Organization has declared it a public health emergency. According to the World Health Organization’s report, manifestation of coronavirus disease (COVID-19) has resulted in more than 63.8 million infected individuals worldwide as of December 2^nd2020.

COVID-19 can affect the economy in three main ways; by directly affecting production and demand, and creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries such as China, India, Saudi Arabia, UAE, Egypt, and others are facing problems with regards to transportation of devices from one place to another.

Furthermore, players operating in the global hypoxia chamber market are facing major challenges on various fronts due to the COVID-19 pandemic. The major challenges include supply of raw materials required for manufacturing hypoxia chambers due to irregularities in transportation facility. Moreover, distributors of products are experiencing irregular demand for products from the retailers due to increasing number of patients suffering from COVID-19 and other life threatening disorders.

Global Hypoxia Chamber Market: Restraint

Stringent government regulation for the approval of hypoxia chamber and availability of substitute product such as nutrition therapy and others which can help to reduce the chances of hypoxia which may hinder the market growth during the forecast period.

Key Players

Major players operating in the global hypoxia chamber market are Baker, STEMCELL Technologies Inc, BioSpherix?Ltd, Plas-Labs, HypOxygen, Coy Labs, Oxford Optronix Ltd, Scintica Instrumentation Inc., CytoSMART Technologies B.V.

Table of Content

*Browse 39 market data tables and 28 figures on "Hypoxia Chamber Market” - Global forecast to 2027

N/A

- Frequently Asked Questions -

What is the current market size and compound annual growth rate (CAGR) of the market during the forecast period (2020-2027)?

The global hypoxia chamber market size is estimated to be valued at US$ 59.9 million in 2020 and is expected to exhibit a CAGR of 7.7% between 2020 and 2027.

What are the major factors driving the hypoxia chamber market growth?

Factors such as rising prevalence of chronic diseases and increasing adoption of inorganic growth strategies by key players operating in the market are expected to drive the market growth during the forecast period.

Which is the leading segment based on type in the market?

The 84 x 35 mm Plates segment is expected to hold major market share owing to increasing product approvals and launches during the forecast period.

Which region holds the largest market share in the hypoxia chamber market?

North America holds the largest market share in the global hypoxia chamber market.

What are the key factors hampering growth of the market?

Major factors hampering growth of the market include stringent government regulation for the approval of hypoxia chamber and availability of substitute product.

Which are the major players operating in the market?

Major players operating in the global hypoxia chamber market include Baker, STEMCELL Technologies Inc, BioSpherix?Ltd, Plas-Labs, HypOxygen, Coy Labs, Oxford Optronix Ltd, Scintica Instrumentation Inc., CytoSMART Technologies B.V.