Hyperbaric Oxygen Therapy (HBOT) Devices Equipment Market Report

Market Insights

The Global Hyperbaric Oxygen Therapy (HBOT) Devices/Equipment Market is estimated to grow from USD 2.6 billion in 2020 to USD 3.9 billion by 2026 at a healthy CAGR of 7.05% during the forecast period.

Figure: Global Hyperbaric Oxygen Therapy (HBOT) Devices/Equipment Market Size, 2020-2026 (USD Billion)

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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.

Key Players

Key players operating in the global Hyperbaric Oxygen Therapy (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).

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.

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 2020.

• 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.

COVID-19 Impact on Global Hyperbaric Oxygen Therapy (HBOT) Devices/Equipment Market

The covid-19 outbreak posed significant challenges to the health care 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 monoplace hyperbaric chambers. However, the covid-19 outbreak resulted in the limitation of hours of usage in many hyperbaric oxygen therapy centers.

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?

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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

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