Global Hyperbaric
Oxygen Therapy (HBOT) Devices Market, by Product Type (Monoplace HBOT
Devices, Multiplace HBOT Devices, and Topical HBOT Devices), by Application
(Wound Healing, Decompression Sickness, Infection, Gas Embolism, and Others),
by End User (Hospital & Clinics, Ambulatory Surgery Centers, and Others),
and by Region (North America, Latin America, Europe, Asia Pacific, Middle East,
and Africa), was valued at US$ 2255.3
million in 2018, and is expected to exhibit a CAGR of 6.6% over the forecast
period (2019-2027), as highlighted in a new report published by Coherent Market
Insights.
Rising number of diabetic foot
ulcers is expected to drive demand for hyperbaric oxygen therapy devices which
is expected to augment the market growth over the forecast period. For
instance, according to the National Center for Biotechnology Information, in
2015, the incidence of diabetic foot ulcers (DFU) ranged from 4% to 10% among hospitalized
patients in China.
Increasing expansion strategies
by market players is expected to drive the market growth over the forecast
period. For instance, in May 2017, AHA Hyperbarics GmbH, announced the launch
of its subsidiary AHA Hyperbarics Australia Pty Ltd, in Australia, in order to
expand the company’s business and product offerings.
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Browse 38 Market Data Tables and
26 Figures spread through 173 Pages and in-depth TOC on ‘Hyperbaric Oxygen
Therapy Devices Market’- Global Forecast to 2027, Global Hyperbaric Oxygen
Therapy (HBOT) Devices Market, by Product Type (Monoplace HBOT Devices, Multiplace
HBOT Devices, Topical HBOT Devices), by Application (Wound Healing,
Decompression Sickness, Infection, Gas Embolism and Others), by End User
(Hospital & Clinics, Ambulatory Surgery Centers, and Others), and by Region
(North America, Latin America, Europe, Asia Pacific, Middle East, and Africa),
To know the latest trends and insights prevalent in the Hyperbaric Oxygen
Therapy Devices market, click the link below:
North America is expected to hold
a dominant position in the hyperbaric oxygen therapy devices market over the
forecast period, owing to rising number of diabetic foot ulcers and non-healing
wounds in the region. For instance, according to Centers for Disease Control
& Prevention (CDC), in 2016, 23.6 million people suffered from diabetes,
which is 7.8% of the total population in the U.S. One third of the diabetic
population in the U.S also suffered from lower extremity wounds.
Markets in Africa and Middle East
are expected to witness growth in the hyperbaric oxygen therapy devices market
over the forecast period due to increasing strategic partnerships by market
players in the region to enhance their market presence. For instance, in June 2018,
Sechrist Industries, Inc. announced the partnership with Dartmouth College's
Geisel School of Medicine to bring Hyperbaric Oxygen Therapy (HBOT) in
Tanzania, East Africa. The therapy will be used for treatment of chronic bone
infections, severe anemia, non-healing hypoxic wounds and other conditions.
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Report: https://www.coherentmarketinsights.com/market-insight/hyperbaric-oxygen-therapy-devices-market-553
Also, market players are
enhancing their market presence by opening new centers in the region. For
instance, in September 2019, BioBarica, announced the launch of Buenos Aires,
Argentina, in order to offer the hyperbaric oxygen therapy in the Argentina
region.
Key Takeaways of the Hyperbaric
Oxygen Therapy Devices Market:
The global hyperbaric oxygen
therapy devices market is expected to exhibit a CAGR of 6.6% over the forecast
period, owing to expansion strategies adopted by market players. For instance,
in December 2019, BioBarica announced the launch of a new center located at
Sevilla, Spain, for offering hyperbaric oxygen therapy in the Europe.
Key players operating in the
global hyperbaric oxygen therapy devices market are Fink Engineering Pty Ltd.,
Gulf Coast Hyperbarics, Inc., SOS Medical Group Ltd., IHC Hytech B.V., ETC
BioMedical Systems, Haux-Life-Support GmbH, Sechrist Industries, Inc., GWR
Medical, Inc., Hyperbaric Modular Systems, Inc., Hearmec Co., Ltd., and Premier
Hyperbarics.
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