Global Hyperbaric Oxygen Therapy (HBOT) Market, By Product Type (Monoplace HBOT, Multiplace HBOT and Topical HBOT devices), Application (Wound Healing, Decompression Sickness, Infection Treatment, Gas Embolism and Others), End-Use (Hospitals and Clinics, Ambulatory Surgery Centres and Others), Country (U.S., Canada, Mexico, Peru, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Kuwait, Israel, Egypt, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
The hyperbaric oxygen therapy (HBOT) market in 2020 stands at a market value of USD 3.08 billion and is expected to touch the mark of USD 5.1 billion by 2028. Therefore, the increase in market value shows that the industry would generate a CAGR of 6.5% for the forecast period of 2021-2028.
The hyperbaric oxygen therapy (HBOT) is a medical device that is used to provide optimum level of oxygen to the tissues in the human body under high atmospheric pressure. In this medical treatment, the air pressure is increased two to three times higher than the normal air pressure. Thus, the oxygen carrying blood helps to fights bacteria and other unwanted hosts in the body via promoting healing. This medical treatment is used to treat wounds as a result of radiation, air bubbles in blood vessels and many other serious infections like diabetes.
Rising number of patients with diabetes around the globe is the prime factor for the increase in demand of hyperbaric oxygen therapy devices. Thus, the market is to witness an upward trend with the passing years. Moreover, the market is set to gain because of the increasing medical tourism. The support and investment by the government of the developing reasons in the healthcare sector too cannot be ignored for the rise in demand. Plus, nowadays, patients with brain injuries and cancer are also being treated using this technology.
But as a matter of fact, the high cost of the whole equipment would demean the growth of HBOT in the market. Also lack of awareness about such systems can prove to be a barrier in the growth of this market. Another market restraint is the side effects that one may experience after the therapy. These include changes in vision, sinus damage, oxygen poisoning, etc.
This global hyperbaric oxygen therapy (HBOT) market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on hyperbaric oxygen therapy market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Hyperbaric Oxygen Therapy (HBOT) Market Scope and Market Size
The hyperbaric oxygen therapy (HBOT) market is segmented on the basis of product type, application and end-users. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- The hyperbaric oxygen therapy (HBOT) market, on the basis of product type, can be segmented into monoplace HBOT device, multiplace HBOT device and topical HBOT device.
- On the basis of application, the hyperbaric oxygen therapy (HBOT) market can be segmented into wound healing, decompression sickness, infection treatment, gas embolism and others.
- The market can also be segmented on the basis of end-users into hospitals and clinics, ambulatory surgery centres and others.
Global Hyperbaric Oxygen Therapy (HBOT) Market Country Level Analysis
The hyperbaric oxygen therapy (HBOT) market is analysed and market size insights and trends are provided by country, product type, application and end users as referenced above.
The countries covered in the hyperbaric oxygen therapy (HBOT) market report are U.S., Canada and Mexico in North America, Peru, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Kuwait, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America holds the major share in the hyperbaric oxygen therapy (HBOT) market. The presence of competitors with technological advancements is the major reason for the continuous growth of North America’s market share in this area. However, for the forecast period of 2021-2028, Asia-Pacific looks promising and therefore would exhibit the highest CAGR. This is because of the increasing number of patients with acute and chronic diseases and other health problems like diabetes, asthma, etc.
The country section of the hyperbaric oxygen therapy (HBOT) market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Hyperbaric Oxygen Therapy (HBOT) Market Share Analysis
The hyperbaric oxygen therapy (HBOT) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to hyperbaric oxygen therapy market.
The major players covered in the hyperbaric oxygen therapy (HBOT) market report are Perry Baromedical, Sechrist Industries, Inc., Tekna Hyperbaric, Pan America Hyperbarics, Inc., HAUX-LIFE-SUPPORT, PCCI, INC., Fink Engineering "Designing square pegs for square holes", Hipertech Electronics Inc., Sosgroup., HEARMEC, OxyHealth., Environmental Tectonics Corporation., IHC Merwede Holding B.V., Advanced Biomedical Engineering., Airox Technologies Private Limited., Biovision Healthcare Pvt Ltd., Richmond Hyperbaric Health Center, Universe Surgical Equipment Co., Unique Medical Appliances., Sanket Gas Equipments., and Biostag Technologies. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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