A hyperbaric oxygen therapy device is a medical device used to provide optimal levels of oxygen to human body tissues under high atmospheric pressure, in this medical treatment the air pressure is raised to two to three times higher than normal air pressure. HBOT is a well-established treatment for a variety of ailments such as degenerative diseases, severe infections, diabetic wounds, radiation injuries, and blood vessel blisters.

The future growth of the HBOT devices market will also depend on factors such as regulatory frameworks, reimbursement policies, and economic conditions in different regions. Nonetheless, with the increasing adoption of HBOT as a therapeutic modality and the expanding applications of the treatment, the market is anticipated to witness positive growth in the coming years.

The report “Hyperbaric Oxygen Therapy (HBOT) Devices Market, By Product (Monoplace HBOT Devices, Multiplace HBOT Devices, and Topical HBOT Devices), By Application (Decompression Sickness, Wound Healing (Chronic Wounds, Acute Wounds), Infection Treatment, Gas Embolism,  Carbon monoxide poisoning and Others), By End User (Hospitals, Ambulatory care centers, Outpatient Clinics, Standalone hyperbaric treatment centers, Homecare, Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends Analysis and Forecast till 2032 “

Key Highlights:

• In August 2022, HBOT-India launched the first 3 ATA Medical Grade Hyperbaric Oxygen Machine in Gurgaon, India. The risk of major amputation is decreased by 20–30% and the rate of wound healing is increased by around ten times when hyperbaric oxygen therapy (HBOT) is added. In South Asia, there is a big need for HBOT services. 77 million of the 88 million people with diabetes reside in India. About 25% of people with diabetes experience Diabetic Foot Ulcers (DFU), of which 50% become infected and necessitate hospitalization, and 20% require amputation.
• In February 2020, Perry Baromedical Corporation, an international leader in hyperbaric medical device manufacturing for over 58 years, launched the acquisition of the hyperbaric division of Environmental Tectonics Corporation (ETC) of Southampton, PA, which manufactures products under the “BARA-MED” brand. The expansion of Perry Baromedical's installed base both domestically and abroad is made possible by this business unit purchase.

 

Analyst View:

There is a growing awareness among healthcare professionals and patients about the potential benefits of HBOT. As more clinical evidence emerges supporting its efficacy in various medical conditions, HBOT is gaining acceptance as a viable treatment option. This increased awareness and acceptance are also likely to contribute to Hyperbaric Oxygen Therapy (HBOT) Devices Market growth.

 Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Hyperbaric Oxygen Therapy (HBOT) Devices Market, By Product (Monoplace HBOT Devices, Multiplace HBOT Devices, and Topical HBOT Devices), By Application (Decompression Sickness, Wound Healing (Chronic Wounds, Acute Wounds), Infection Treatment, Gas Embolism,  Carbon monoxide poisoning and Others), By End User (Hospitals, Ambulatory care centers, Outpatient Clinics, Standalone hyperbaric treatment centers, Homecare, Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”

Key Market Insights from the report:

Hyperbaric Oxygen Therapy (HBOT) Devices Market accounted for US$ 3.2 billion in 2022 and is estimated to be US$ 5.6 billion by 2032 and is anticipated to register a CAGR of 7.6%. The Hyperbaric Oxygen Therapy (HBOT) Devices Market is segmented based on product, Application, end user and Region.

• Based on Product, Hyperbaric Oxygen Therapy (HBOT) Devices Market is segmented into Monoplace HBOT Devices, Multiplace HBOT Devices, and Topical HBOT Devices.
• Based on Application, Hyperbaric Oxygen Therapy (HBOT) Devices Market is segmented into Decompression Sickness, Wound Healing (Chronic Wounds, Acute Wounds), Infection Treatment, Gas Embolism, Carbon monoxide poisoning and others.
• Based on End User, Hyperbaric Oxygen Therapy (HBOT) Devices Market is segmented into Hospitals, Ambulatory care centers, Outpatient Clinics, Standalone hyperbaric treatment centers, Homecare, Others.
• By Region, the Hyperbaric Oxygen Therapy (HBOT) Devices Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape & their strategies of Hyperbaric Oxygen Therapy (HBOT) Devices Market:

The prominent players operating in the Hyperbaric Oxygen Therapy (HBOT) Devices Market includes, Perry Baromedical Corporation, Sechrist Industries, Inc., Environmental Tectonics Corporation, HAUX-LIFE-SUPPORT GmbH, IHC Hytech B.V., OxyHeal International, Inc., Fink Engineering, Hyperbaric SAC, Hearmec Co., Ltd., and ETC Biomedical Systems.

To know more

Contact Us:

Sales

Prophecy Market Insights

U.S: 1 860 531 2574

RoW: 91 7775049802

Email- sales@prophecymarketinsights.com

Website- www.prophecymarketinsights.com

Blog- www.prophecyjournals.com