The global hyperbaric oxygen therapy device market is expected to reach a considerably large market size in 2032 and register a high CAGR over the forecast period. Industry analysis indicates that rising demand for hyperbaric oxygen therapy devices in various applications is driven by changing market trends, which are expected to support industry growth as well as market growth over the forecast period.
Hyperbaric oxygen therapy (HBOT) devices are used for delivering pure oxygen (100%) to tissues in the body under higher atmospheric pressure. Atmospheric pressure in hyperbaric oxygen devices/chambers is one to three times higher than the normal atmospheric pressure. This helps fight bacteria and stimulates release of substances called growth factors, thereby promoting healing. Use of hyperbaric oxygen therapy (HBOT) devices improves efficacy of the leukocytes, particularly at the site of injury and inhibits toxic effects of carbon monoxide (CO) and cyanide.
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Global Hyperbaric Oxygen Therapy Device Market: Dynamics
Increasing use of hyperbaric oxygen therapy devices in tissue repair and other surgeries is one of the major factors expected to boost growth of the global hyperbaric oxygen therapy device market in the next few years. Increase in the prevalence of physiological and neurologic conditions that require use of use of hyperbaric oxygen therapy devices is driving adoption of these devices in hospitals and clinics. Rising awareness about benefits of the hyperbaric oxygen therapy, development of portable HBOT devices, and the increasing number of clinical trials on hyperbaric oxygen therapy devices by different universities and research institutes are other factors driving market growth.
Global Hyperbaric Oxygen Therapy Device Market: Regional Landscape
Among the regional markets covered in the report, the North America market accounts for the largest revenue share in the global hyperbaric oxygen therapy device market, owing to factors, such as high disposable income, availability of technologically advanced treatments, such as HBOT, and rising need for tissue repair and wound healing in countries of the region. The U.S. market is expected to account for the largest revenue share in the North America hyperbaric oxygen therapy device market in the near future. According to the American Venous Forum, more than 2.5 million individuals in the U.S. are affected by progressive venous diseases accompanied by skin changes and leg ulceration every year.
Key Players Operating in Global Hyperbaric Oxygen Therapy Device Market:
- Fink Engineering
- ETC Hyperbaric Chambers (Environmental Tectonics Corporation)
- Gulf Coast Hyperbarics, Inc.
- IHC Hytech B.V. (Royal IHC)
- Hyperbaric SAC
- Sechrist Industries, Inc.
Global Hyperbaric Oxygen Therapy Device Market: Regions Covered
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Global Hyperbaric Oxygen Therapy Device Market: Reports Highlights
- Detailed overview of the market
- Changing dynamics of the market
- Market segmentation
- Regional landscape of the market
- Evaluation of the market based on the present and past data collected
- Historical, present, and projected market in terms of volume and value
- Recent trends and developments in the market
- Competitive landscape
- Strategies adopted by key players and products offered by them
Global Hyperbaric Oxygen Therapy Device Market: Segmentation
The report consists of forecasts for the hyperbaric oxygen therapy device market at the global, regional, and country levels. The report contains analysis of trends in each segment of the market for the period from 2023 to 2032.
For this study has segmented the global hyperbaric oxygen therapy device market based on product type and application as follows.
By Product Type (Revenue, USD Million; 2023–2032)
- Mono-place HBOT Devices
- Multi-place HBOT Devices
- Topical HBOT Devices
By Application (Revenue, USD Million; 2023–2032)
- Wound Healing
- Decompression Sickness
- Gas Embolism
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