Global Hyperbaric Oxygen Therapy (HBOT) Devices/Equipment Market | 2023-28

Market Insights

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.

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What is Hyperbaric oxygen therapy?

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.

Market Dynamics

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.

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Segment Analysis

Product Trends

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 &acute 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-

• 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).

Target Audience

• Hyperbaric oxygen therapy (HBOT) devices/equipment distributors
• Hyperbaric oxygen therapy (HBOT) devices/equipment suppliers
• Hyperbaric oxygen therapy (HBOT) devices/equipment manufacturers
• Logistics organizations
• Government bodies

Critical Questions answered in the report-

• 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?

Customization Options

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.