SEATTLE--(BUSINESS WIRE)--According to Coherent Market Insights, 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).
Key Trends and Analysis global Hypoxia Chamber Market:
Key trends in the market include the rising prevalence of chronic diseases, increasing adoption of inorganic growth strategies and launch of novel products which are expected to aid growth of the market.
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, launch of novel products is expected to drive the market growth during the forecast period. For instance, in May 2020, CytoSMART Technologies announced the launch of a new live-cell imaging system. The CytoSMART Lux2 Duo Kit offers a straightforward, cost-effective solution for researchers carrying out immediate side-by-side comparisons between cell cultures. The CytoSMART Lux2 – Duo Kit is a compact automated system, specifically designed to operate from within CO2 incubators and hypoxia chambers.
Furthermore, key players operating in the global hypoxia chamber market are focusing on adoption of inorganic growth strategies such as agreements and collaborations to increase their presence in the global market. For instance, in March 2019, Scintica Instrumentation Inc. announced a distribution agreement for the Baker Ruskinn preclinical VelO₂x hypoxia chamber for scientific research. The VelO₂x system has been engineered to provide an isolated and highly controlled oxygen environment to help researchers better understand how O₂ levels affect various conditions such as sleep apnea, systemic hypertension, pulmonary dysfunction, ischemia and others.
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Key Market Takeaways:
The global hypoxia chamber market is expected to exhibit a CAGR of 7.7% during the forecast period owing to adoption of expansion strategies by market players. For instance, in May 2017, AHA Hyperbarics GmbH, announced the launch of its subsidiary, AHA Hyperbarics Australia Pty Ltd, in Australia, to expand the company’s business and product offerings.
Among application, the cell culture imaging segment is expected to account for the largest market share in 2020, owing to increasing research and development of innovative hypoxia therapy.
Competitive Landscape:
Key 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.
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Market Segmentation:
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Global 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
- 18 x 25 cm2 Flasks
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Global Hypoxia Chamber Market, By Application:
- Cell Culture Imaging
- Drug Discovery
- Others
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Global Hypoxia Chamber Market, By End User:
- Biopharmaceutical Companies
- Clinical Laboratories
- Others
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Global Hypoxia Chamber Market, By Region:
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North America
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By Country
- U.S.
- Canada
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By Country
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Latin America
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By Country
- Brazil
- Mexico
- Argentina
- Rest of Latin America
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By Country
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Europe
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By Country
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
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By Country
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Asia Pacific
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By Country
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
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By Country
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Middle East
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By Country
- GCC
- Israel
- Rest of Middle East
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By Country
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Africa
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By Country
- South Africa
- Central Africa
- North Africa
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By Country
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North America
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