Increasing usage of hyperbaric oxygen therapy devices for wound healing and high demand for prevention of reperfusion injury are key factors driving market growth
The global hyperbaric oxygen therapy (HBOT) devices/equipment market size is expected to reach USD 4.65 Billion in 2028 and register a revenue CAGR of 6.3% over the forecast period, according to the latest report by Reports and Data. Increasing usage of hyperbaric oxygen therapy devices for wound healing and rising use to prevent reperfusion injury are some key factors expected to drive market revenue growth over the forecast period. In addition, increasing demand for HBOT devices for carbon monoxide poisoning care is expected to contribute significantly to revenue growth of the market going ahead.
By providing oxygen-rich plasma to oxygen-depleted tissue, hyperbaric oxygen therapy devices improve wound healing drastically and fast. Wounds damage the blood vessels in the body, allowing fluids to drain into the tissues and cause swelling. The damaged cells are deprived of oxygen as a result of the swelling, and the tissue starts to die. HBOT reduces edoema while also providing oxygen to the tissues. The higher pressure in the chamber causes higher oxygen in the blood. HBOT is intended to break the cycle of swelling, oxygen deprivation, and tissue death, which is expected to increase demand for hyperbaric oxygen therapy devices/equipment over the forecast period. However, high cost of hyperbaric oxygen therapy devices, concerns regarding FDA approvals and off-label uses, and complications of hyperbaric oxygen treatment are expected to restrain market growth to a certain extent over the forecast period.
The global pharma healthcare market revenue growth is mainly driven by factors such as increasing research development activities in the healthcare sector, rapid adoption of digital technologies, growing demand for advanced point-of-care diagnostics, and rising trends of telehealth and telemedicine. The COVID-19 pandemic has led to acute healthcare supply shortage, and rapid spread of the SARS-CoV-2 infection and rising government initiatives to develop COVID-19 vaccines have further driven market revenue growth.
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Top companies profiled in the report:
Haux-Life-Support GmbH, Hyperbaric SAC, Sechrist Industries Inc., Hyperbaric Modular Systems, Inc. (HMS), Environmental Tectonics Corporation, OxyHeal International, Inc., Gulf Coast Hyperbarics Inc., Fink Engineering Pty. Ltd., Hearmec Co., Ltd., and Perry Baromedical Corporation.
Global Hyperbaric Oxygen Therapy (HBOT) Devices/Equipment Market: Regional Outlook
- North America
- S.
- Canada
- Europe
- K.
- Germany
- France
- Italy
- Spain
- Asia Pacific
- India
- China
- Japan
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Argentina
- Peru
- Mexico
- Rest of Latin America
- Middle East Africa
- Saudi Arabia
- South Africa
- A.E
- Rest of Middle East Africa
Global Hyperbaric Oxygen Therapy (HBOT) Devices/Equipment Market Segmentation:
Product Outlook (Revenue, USD Billion; 2018-2028)
- Monoplace Hyperbaric Oxygen Therapy (HBOT) Devices/Equipment
- Multiplace Hyperbaric Oxygen Therapy (HBOT) Devices/Equipment
- Topical Hyperbaric Oxygen Therapy (HBOT) Devices/Equipment
- Portable Hyperbaric Oxygen Therapy (HBOT) Devices/Equipment
Application Outlook (Revenue, USD Billion; 2018-2028)
- Wound Care
- Thermal Burns
- Decompression Sickness
- Crush Injuries
- Radiation-related Sequelae
- Other Wound Treatments
- Infection Treatment
- Intracranial Abscess
- Gas Gangrene
- Soft Tissue Necrosis
- Others
- Insufficiencies
- Air Embolism or Gas Embolism
- Severe Anemia
- Arterial Insufficiencies
- Others
- Carbon Monoxide Poisoning Smoke Inhalation
- Others
End-Use Outlook (Revenue, USD Billion; 2018-2028)
- Hospitals
- Ambulatory Care
- Clinics
- Hyperbaric Treatment Centers
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Some Points on How the Report Benefits Readers:
- Highlights of the key drivers, opportunities, and restraints in the global Hyperbaric Oxygen Therapy (HBOT) Devices/Equipment market.
- Qualitative and quantitative analyses of the Hyperbaric Oxygen Therapy (HBOT) Devices/Equipment industry.
- Detailed analysis of the key regional markets and evaluation of their respective revenue CAGRs.
- Precise evaluation of the production consumption capacities of each of the regional markets.
- An overview of the highly competitive landscape of the Hyperbaric Oxygen Therapy (HBOT) Devices/Equipment industry.
- Company overviews and SWOT analysis of the market players.
- Key strategies implemented by the key market players, such as partnerships, acquisitions, collaborations, new service/product launches, and various other strategies, illustrated in the report.
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