Global Hyperbaric Oxygen Therapy (HBOT) Devices Market Industry Development Scenario and Forecast to 2020

Albany,USA, 2018-Apr-19 — /EPR Network/ —In order to study the various trends and patterns prevailing in the overall market for Hyperbaric Oxygen Therapy (HBOT), Market Research Reports Search Engine (MRRSE) has included a new report titled “Hyperbaric Oxygen Therapy (HBOT) Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. Readers can access the regional as well as segment-wise analysis for acquiring precise information about the global market structure.

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Various strategies are leveraged by success-hungry players in the global hyperbaric oxygen therapy devices market. One of them is the thrust on research and development to come up with new or better products. Their focus is on building cost-effective medical devices that would see greater uptake. Strategic partnerships are also being undertaken by them to diversify product portfolios and gain greater share. Further, companies are shifting their gaze to developing countries that offer lucrative opportunities.

Overall, the global hyperbaric oxygen therapy devices market is fragmented in nature on account of the presence of numerous small scale vendors. However, the global market is dominated by a handful of prominent players that have their operations worldwide.

Some of the key players operating in the hyperbaric oxygen therapy devices market are Sechrist Industries, Inc., Perry Baromedical, and Environmental Tectonics Corporation (ETC), HAUX-LIFE-SUPPORT GmbH, IHC Hytech B.V., Oxyheal International and Fink Engineering.

The global hyperbaric oxygen therapy devices market will likely expand at a CAGR of 7.4% between 2017 and 2025 to become worth US$284.8 mn by 2025 from US$ 150.0 mn in 2016.

Depending upon the type of products, the global hyperbaric oxygen therapy devices market can be bifurcated into monoplace HBOT devices and multiplace HBOT devices. Among them, the monoplace HBOT devices accounted for about 60.1% share in the global market in 2016. Some of the factors leading to its swift uptake are technological progress that bring about smoother and quicker healing of wounds, lower price compared to multiplace chambers, helpful regulatory policies in North America, and patients’ hygiene.

Geographically, the key segments of the global hyperbaric oxygen therapy devices market are North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Of them, North America currently leads the market. In 2016, its leading share came to over 32.1%. The market is primarily driven by the U.S. on account of its easy reimbursement policies.

Rising Pool of Elderly Proves Beneficial to Market

Hyperbaric oxygen therapy is essentially a non-invasive method to increase the rate of healing of damaged tissues. It entails delivery of pure oxygen to the bloodstream under high-pressure. Availability of an array of hyperbaric oxygen chambers of various designs and sizes is primarily responsible for this market’s steady growth rate.

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Other factors majorly boosting growth in the global hyperbaric oxygen therapy devices market are the growth in elderly population worldwide, the rising instances of acute and chronic wounds, and the increase in diabetic foot ulcers and pressure cases. Further, surging popularity of leisure adventure activities which results in many accidents and their exhaustive use in aesthetics is also proving beneficial for the market.

Hyperbaric oxygen therapy devices find maximum use in wound healing these days. “Rise in public awareness about quicker, smoother wound healing process, extensive use of monoplace HBOT chambers in developed countries of the U.S., Canada, and Japan along with in developing countries such as China, Saudi Arabia, and Brazil is a major factor driving growth in the market,” explains the lead analyst of the report. Major hospitals are readily providing the hyperbaric oxygen therapy in order to speed up the wound healing process and for better recovery.

The report concludes with in-depth profiles of leading players, which include key information about the major organizations dynamically involved in the hyperbaric oxygen therapy devices market. The report profiles the key market players in terms of company overview, financial overview, product portfolio, business strategies and recent developments. The key companies profiled in this study are ETC BioMedical Systems, Fink Engineering Pty Ltd., Gulf Coast Hyperbarics, Inc., HAUX-LIFE-SUPPORT GmbH, Hearmec Co., Ltd., Hyperbaric SAC, IHC Hytech B.V., OxyHeal Health Group, Sechrist Industries, Inc. and SOS Medical Group, Ltd. Market share analysis of the organizations operating in the hyperbaric oxygen therapy devices market would help new entrants to understand the key business policies and to identify the product portfolio of the existing companies for intensifying their position in the market.

The global hyperbaric oxygen therapy devices market is segmented as follows:

 Global Hyperbaric Oxygen Therapy Devices Market, by Type of Products

• Monoplace HBOT Devices
• Multiplace HBOT Devices
• Topical HBOT Devices

Global Hyperbaric Oxygen Therapy Devices Market, by Application

• Wound Healing
• Decompression Sickness
• Infection Treatment
• Gas Embolism
• Others

Global Hyperbaric Oxygen Therapy Devices Market, by Geography

• North America
  • Monoplace HBOT Devices
  • Multiplace HBOT Devices
  • Topical HBOT Devices

• Europe
  • Monoplace HBOT Devices
  • Multiplace HBOT Devices
  • Topical HBOT Devices

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