Global Hyperbaric Oxygen Therapy (HBOT) Devices/Equipment Market, Dynamics, and Market Analysis | 2023-28
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Global Hyperbaric Oxygen Therapy (HBOT) Devices/Equipment Market, Dynamics, and Market Analysis | 2023-28
The report on the Global Hyperbaric Oxygen Therapy (HBOT) Devices/Equipment Market is segmented By Product (Hyperbaric Oxygen Chambers, Chamber Accessories, Consumables, Other), By Application (Decompression Sickness, Gas Gangrene, Intracranial Abscess, Air Or Gas Embolism, Arterial Insufficiencies, Severe Anemia, Carbon Monoxide Poisoning, Other), By End-User (Hospitals, Ambulatory Care Centers, Outpatient Clinics, Standalone Hyperbaric Treatment Centers, Other), and Region.
The report on the Global Hyperbaric Oxygen Therapy (HBOT) Devices/Equipment Market is segmented By Product (Hyperbaric Oxygen Chambers, Chamber Accessories, Consumables, Other), By Application (Decompression Sickness, Gas Gangrene, Intracranial Abscess, Air Or Gas Embolism, Arterial Insufficiencies, Severe Anemia, Carbon Monoxide Poisoning, Other), By End-User (...
The Global Hyperbaric Oxygen Therapy (HBOT) Devices/Equipment Market is estimated to grow from USD 3 billion in 2022 to USD 4.5 billion by 2028 at a CAGR of 6.92% during the forecast period.
Hyperbaric oxygen therapy device/equipment is a medical device that involves the usage of hyperbaric oxygen chambers to provide oxygen to all the body tissues. This treatment is used to speed up the wound healing and recovery process for any damaged tissue or diseases. It is used to treat various medical issues which include decompression sickness, gas gangrene, intracranial abscess, air or gas embolism, arterial insufficiencies, severe anaemia, and carbon monoxide poisoning among others.
The global market growth is primarily driven by the increasing use of this treatment to heal several acute and chronic medical conditions.
Growing emphasis on developing advanced hyperbaric oxygen chamber systems by the market players is likely to contribute to the market growth significantly.
Furthermore, increasing clinical trials sponsored by various universities is likely to create lucrative opportunities for the players operating in the global market.
However, the high cost of treatment is likely to hamper the market growth during the review period.
Based on product, the market has been divided into hyperbaric oxygen chambers, chamber accessories, consumables, and others.
The hyperbaric oxygen chambers have been further sub-segmented into monoplace chambers, multiplace chambers, topical chambers, and portable chambers.
The hyperbaric oxygen chambers segment accounted for a substantial market share in 2020.
The segment growth can be attributed to owing to its widespread usage in end-use applications.
Regional Trends
The market in North America accounted for the largest share in 2022.
The regional market growth can be attributed to the increasing prevalence of acute & wound coupled with the availability of technologically advanced solutions and the presence of established healthcare infrastructure.
The market in the Asia-Pacific region is projected to register a healthy growth rate on account of rising consumer awareness about the benefits of hyperbaric oxygen chamber therapy and increased spending on healthcare infrastructure development in developing countries.
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Segmentation
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.
The market is segmented into the following categories.
By Product
Hyperbaric Oxygen Chambers
Chamber Accessories
Consumables
Other
By Application
Decompression Sickness
Gas Gangrene
Intracranial Abscess
Air Or Gas Embolism
Arterial Insufficiencies
Severe Anemia
Carbon Monoxide Poisoning
Other
By End-User
Hospitals
Ambulatory Care Centers
Outpatient Clinics
Standalone Hyperbaric Treatment Centers
Other
By Region
North America (Country Analysis: The USA, Canada, and Mexico)
Europe (Country Analysis: Germany, France, The UK, Russia, and the Rest of Europe)
Asia-Pacific (Country Analysis: China, India, Australia, South Korea, and the Rest of Asia-Pacific
Rest of the World (Country Analysis: Saudi Arabia, Brazil, and Others)
COVID-19 Impact
The covid-19 outbreak posed significant challenges to the healthcare system across geographies. It 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 monoplane hyperbaric chambers. However, the COVID-19 outbreak resulted in the limitation of hours of usage in many hyperbaric oxygen therapy centers.
key Players
Key players operating in the (HBOT) Devices/Equipment market are-
What are the key trends in the global Hyperbaric Oxygen Therapy (HBOT) Devices/Equipment market?
How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
What is the impact of COVID-19 on global Hyperbaric Oxygen Therapy (HBOT) Devices/Equipment market?
What are the key strategies adopted by the major vendors to lead in the global Hyperbaric Oxygen Therapy (HBOT) Devices/Equipment market?
What is the market share of the top vendors?
Research Methodology
This report offers high-quality insights and is the outcome of a 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 books, press releases, journals, investor presentations, 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 qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
What Deliverables Will You Get in this Report?
Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth analysis of the Hyperbaric Oxygen Therapy (HBOT) Devices/Equipment Market
How lucrative is the future?
The market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional and country-level historical data and forecasts
Which are the most attractive market segments?
Market segment analysis and Forecast
Which are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
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Hyperbaric oxygen therapy device/equipment is a medical device that involves the usage of hyperbaric oxygen chambers to provide oxygen to all the body tissues. This treatment is used to speed up the wound healing and recovery process for any damaged tissue or diseases. It is used to treat various medical issues which include decompression sickness, gas gangrene, intracranial abscess, air or gas embolism, arterial insufficiencies, severe anaemia, and carbon monoxide poisoning among others.
Gulf Coast Hyperbarics, Inc. (The U.S), Etc Biomedical Systems (The U.S), Oxyheal International, Inc. (The U.S), Sechrist Industries, Inc. (The U.S), Hyperbaric Sac (Peru), Perry Baromedical Corporation (The U.S), Hearmec Co., Ltd. (Japan), Haux-Life-Support GmbH (Germany), Fink Engineering Pty. Ltd. (Australia) and IHC Hytech B.V. (Netherlands) are among the key players in the market.
The Global Hyperbaric Oxygen Therapy (HBOT) Devices/Equipment Market is estimated to grow from USD 3 billion in 2022 to USD 4.5 billion by 2028 at a CAGR of 6.92% during the forecast period.
Increasing use of this treatment to heal several acute and chronic medical conditions, growing emphasis on developing advanced hyperbaric oxygen chamber systems by the market players, increasing clinical trials sponsored by various universities are the factors driving the growth of market.