Global hyperbaric oxygen therapy device market is anticipated to grow considerably in the forecast period due to high application in different cosmetic procedures and wound healing. Hyperbaric oxygen therapy device is used to offer oxygen to all the tissues of the body by pressurizing breathing activity of the patient. Hyperbaric oxygen therapy is a well-organized medical treatment for decompression sickness. Some of the conditions treated with the help of this therapy include air bubbles in blood vessels, severe infections, and wounds caused due to radiation injury and diabetes. To cure these conditions, the body tissues require adequate supply of oxygen for proper functioning, where hyperbaric oxygen therapy plays a major role.
Hyperbaric oxygen therapy devices market is driven by growing number of health conditions in athletes that need this technology, rise in investment by the existing market players for technological advanced products, and rising number of clinical experiments. Moreover, technical advancements in hyperbaric oxygen therapy, presence of technology assessment companies that analyse evidence by using hyperbaric oxygen for several health conditions is also driving the market. However, gap between FDA-approved application and off-level application is majorly hindering the market.
International Hyperbaric Medical Association (IHMA) is supporting the off-label HBOT application of devices and due to its constant efforts, HBOT devices are increasingly approved for diabetic foot wounds applications. This is observed as an opportunity to the hyperbaric oxygen therapy device market.
Market is categorized on the basis of product type, application, and geography. On the basis of product type, market is divided into multiplace HBOT devices, monoplace HBOT devices, and topical HBOT devices. Monoplace HBOT devices segment is expected to grow considerably in the forecast period owing to high demand from clinics and hospitals due to easy installation and availability.
In terms of application, hyperbaric oxygen therapy device market is split into infection treatment, wound healing, gas embolism, decompression sickness, and others. Wound healing segment leads the market owing to high prevalence of acute and chronic wounds.
Geographically, hyperbaric oxygen therapy device industry is segmented as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is estimated to dominate the market in the coming years due to increase in prevalence of acute and chronic wounds. Furthermore, Asia Pacific is expected to lead the market growing economy and improving healthcare infrastructure.
The prominent players in hyperbaric oxygen therapy device market comprise Fink Engineering, Perry Baromedical, ETC BioMedical Systems, OxyHeal, Gulf Coast Hyperbarics, Environmental Tectonics Corporation, HAUX-LIFE-SUPPORT GmbH, SOS Medical Group Ltd., Hearmec Co. Ltd, Hyperbaric SAC, Sechrist Industries Inc., and IHC Hytech BV.
Report contents include
• Analysis of the hyperbaric oxygen therapy device 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 oxygen therapy device including products, sales/revenues, and market position
• Market structure, market drivers and restraints.
• North America
• Asia Pacific
• Middle East and Africa
• South America
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Research Support Specialist, USA