Hyperbaric Oxygen Therapy Device Market
is anticipated to grow considerably in the forecast period due to high
application in different cosmetic procedures and wound healing. Hyperbaric
oxygen therapy device is used to offer oxygen to all the tissues of the body by
pressurizing breathing activity of the patient. Hyperbaric oxygen therapy is a
well-organized medical treatment for decompression sickness. Some of the
conditions treated with the help of this therapy include air bubbles in blood
vessels, severe infections, and wounds caused due to radiation injury and
diabetes. To cure these conditions, the body tissues require adequate supply of
oxygen for proper functioning, where hyperbaric oxygen therapy plays a major
role.
Hyperbaric oxygen therapy devices market is driven by
growing number of health conditions in athletes that need this technology, rise
in investment by the existing market players for technological advanced
products, and rising number of clinical experiments. Moreover, technical
advancements in hyperbaric oxygen therapy, presence of technology assessment
companies that analyse evidence by using hyperbaric oxygen for several health
conditions is also driving the market. However, gap between FDA-approved
application and off-level application is majorly hindering the market.
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International Hyperbaric Medical Association (IHMA) is
supporting the off-label HBOT application of devices and due to its constant
efforts, HBOT devices are increasingly approved for diabetic foot wounds applications.
This is observed as an opportunity to the hyperbaric oxygen therapy device
market.
Market is categorized on the basis of product type,
application, and geography. On the basis of product type, market is divided
into multiplace HBOT devices, monoplace HBOT devices, and topical HBOT devices.
Monoplace HBOT devices segment is expected to grow considerably in the forecast
period owing to high demand from clinics and hospitals due to easy installation
and availability.
In terms of application, hyperbaric oxygen therapy device
market is split into infection treatment, wound healing, gas embolism,
decompression sickness, and others. Wound healing segment leads the market
owing to high prevalence of acute and chronic wounds.
Geographically, hyperbaric oxygen therapy device industry is
segmented as North America, Latin America, Europe, Asia Pacific, and Middle
East & Africa. North America is estimated to dominate the market in the
coming years due to increase in prevalence of acute and chronic wounds. Furthermore,
Asia Pacific is expected to lead the market growing economy and improving
healthcare infrastructure.
The prominent players in hyperbaric oxygen therapy device
market comprise Fink Engineering, Perry Baromedical, ETC BioMedical Systems,
OxyHeal, Gulf Coast Hyperbarics, Environmental Tectonics Corporation,
HAUX-LIFE-SUPPORT GmbH, SOS Medical Group Ltd., Hearmec Co. Ltd, Hyperbaric
SAC, Sechrist Industries Inc., and IHC Hytech BV.
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Market Segment:
Report contents
include
• Analysis of the hyperbaric oxygen therapy device market
including revenues, future growth, market outlook
• Historical data and forecast
• Regional analysis including growth estimates
• Analyzes the end user markets including growth estimates.
• Profiles on hyperbaric oxygen therapy device including
products, sales/revenues, and market position
• Market structure, market drivers and restraints.
Key regions
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
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