ESOMAR-certified consulting firm Future Market Insights (FMI) has recently published a report on the global Hyperbaric Oxygen Therapy Devices (HBOT) market for the forecast period of 2021-2031. According to the report, the market is expected to flourish, rising at a CAGR of 9% during the assessment period.
According to Undersea and Hyperbaric Medical Society, hyperbaric oxygen therapy devices work in alliance with maximal goal-directed critical care therapy, antibiotic therapy, and surgical debridement.
Rising demand for necrotizing soft tissue infections is fuelling the demand for hyperbaric oxygen therapy devices in global market. Key players are focusing on producing cheaper products so that it can be available in remote corners of the world.
Cases of diabetes and ischemic stroke are rising. According to the World Health Organization (WHO), almost 422 million people are suffering from diabetes globally and diabetes can cause numerous ailments. The rising cases of chronic ailments will continue fuelling demand in the market.
Hyperbaric oxygen therapy devices can be helpful for treating COVID-19 patients with effective oxygenation during pandemic. This is one of the key factors driving sales amid pandemic outbreak.
Key Takeaways from FMI's Hyperbaric Oxygen Therapy Devices Market Study
- Wound healing and gas embolism applications will account for maximum hyperbaric oxygen therapy devices sales as rapid healing requires surplus of oxygen.
- Demand for monoplace hyperbaric oxygen therapy devices is expected to stay high owing to its easy availability and installation.
- Hyperbaric oxygen therapy devices market will flourish in the U.S. as the device work to treat necrotizing soft tissue infection. According to Centers for Disease Control and Prevention (CDC), mortality rate in the U.S. due to necrotizing soft tissue infections vary from 24% to 34%, hence bolstering the demand in this region.
- Russia will exhibit surge in demand due to rapid advancement in healthcare system advancement.
"Rising government expenditure in healthcare and medical facility across the globe is encouraging demand for hyperbaric oxygen therapy devices market," says a FMI analyst.
Who is Winning?
Some of the key players operating in the global hyperbaric oxygen therapy devices market are ETC BioMedical Systems, Fink Engineering Pty, Ltd., Gulf Coast Hyperbarics, Inc., HAUX-LIFE-SUPPORT GmbH, Hearmec Co., Ltd., Hyperbaric SAC, IHC Hytech B.V., OxyHeal Health Group, Sechrist Industries, Inc., and SOS Medical Group, Ltd.
Leading hyperbaric oxygen device manufacturers are investing in launching cheaper and modern medical devices to cater to a larger consumer base. Players are also focusing on mergers and acquisition to form an alliance with regional manufacturers and strengthen supply chain.
In 2020, Perry Baromedical Corporation acquired Environmental Tectonics Corporation (ETC) Biomedical system's hyperbaric division. This acquisition aided Perry Biomedical Corporation in enhancing the U.S. base and penetrating Asian Pacific Markets.
More Insights on the Global Hyperbaric Oxygen Therapy Devices Market
In the latest study, Future Market Insights gives a detailed insight on the global hyperbaric oxygen therapy devices market, providing historical data for the period from 2016 to 2020 and forecast statistics for the period of 2021-2031. To understand the global market potential, its growth, and scope, the market is segmented on the basis of:
Product
- Mono-place HBOT devices
- Multi-place HBOT devices
- Topical HBOT devices
Application
- Wound healing
- Decompression sickness
- Infections
- Gas embolism
- Others
Key Questions Covered in the Report
- The report presents insights into hyperbaric oxygen therapy devices demand outlook for 2021-2031
- Factors enabling hyperbaric oxygen therapy devices sales across India between 2021 and 2031 are carefully analyzed
- Hyperbaric oxygen therapy devices market survey also identifies key factors impacting growth trajectory during the assessment period
- The report offers evaluation of hyperbaric oxygen therapy devices market size and forecast and technological advancements within the industry
- Hyperbaric oxygen therapy devices market share analysis, covering key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others
Browse More Details@ https://www.futuremarketinsights.com/reports/hyperbaric-oxygen-therapy-devices-market
Global hyperbaric oxygen therapy devices market Global hyperbaric oxygen therapy devices market, by Types (Non-re-breather mask, Incubators, Continuous positive airway pressure, Liquid oxygen device, Hyperbaric oxygen chamber, Nassal cannula, Cylinder, Concentrators and Oximeter); by Application (Hypoxaemia, Heart diseases, Sleeping apnea, Lung diseases, Chronic obstructive pulmonary diseases, Respiratory issues and others) and by End Users (Hospital, Clinics, Patients) - Forecast to 2023The “Global hyperbaric oxygen therapy devices market” In-Depth competition analysis of the major companies in the report, sector of the report includes the market depictions, requirements, and product portrayals, manufacture, competence, contact figures, cost, and revenue.The Global hyperbaric oxygen therapy devices market Free Growth Sample will provide valuable insight with an emphasis on the global market including some of the major players such As, Phillips healthcare, Devilbiss Healthacre, Cardinal Healthcare, Respironics, Salter Labs, Masimo Corporation, Carefusion, Teflex, Bio Med, Fisher & Paykel Healthcare Limited, Inogen, O2 Concepts, Smith medicals, Medtronic, 3B Medical, 3M Healthcare and many more.For Market Global hyperbaric oxygen therapy devices market Size analysis, the report covers upstream raw materials, equipment, downstream client survey, Marketing channels, Market development trend and proposals, which more specifically include valuable information By key applications and consumption, key regions and consumption, key Global distributors , major raw materials suppliers and contact information, major manufacturing equipment suppliers and contact information, major suppliers and contact Information, key consumers and contact information, and supply.Global hyperbaric oxygen therapy devices market Segment by Regions, regional analysis covers:North America (United States, Canada and Mexico)Europe (Germany, France, UK, Russia and Italy)Asia-Pacific (China, Japan, Korea, India and Southeast Asia)South America (Brazil, Argentina, Colombia etc.
)Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)Reasons to Purchase this ReportQualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factorsProvision of market value (USD Billion) data for each segment and sub-segmentIndicates the region and segment that is expected to witness the fastest growth as well as to dominate the marketAnalysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each regionThe competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiledAccess Complete Detailed TOC Research Report at https://www.marketresearchfuture.com/reports/oxygen-therapy-device-market-2923The report also appraises the supervisory scenarios which affect various decisions in the market.
With all the data congregated and scrutinized using SWOT analysis, there is a vibrant picture of the competitive scenario of the Global hyperbaric oxygen therapy devices market.
Openings for the future market growth were uncovered and preoccupied competitive threats also textured.About Market Research Future: MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.
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In terms of value, the global hyperbaric oxygen therapy devices market is estimated to expand at a CAGR of 7.2% during the forecast period.
This is expected to bolster growth of the hyperbaric oxygen therapy market over the next five years.
This section includes FMI analysis of key trends, drivers and restraints and opportunity, which are factors influencing growth of the hyperbaric oxygen therapy devices market.
Impact analysis of key growth drivers and restraints based on the weighted average model is included in the hyperbaric oxygen therapy devices market report to better equip clients with crystal clear decision-making insights.Download Sample Copy@ https://www.futuremarketinsights.com/reports/sample/rep-gb-1099The global hyperbaric oxygen therapy devices market is segmented on the basis of products type into monoplace HBOT devices, multiplace HBOT devices and topical HBOT devices.
On the basis of the application, the market has been segmented into wound healing, decompression sickness, infections, gas embolism and others.
In order to offer an accurate forecast, we started by sizing the current market, which forms the basis of how the hyperbaric oxygen therapy devices market is expected to develop in the future.
One the key feature of the competitive landscape of the global hyperbaric oxygen therapy devices market is its diversity.
One of the key marketing strategies is improved focus on product development and innovation.
The companies are now trying to focus on developing highly cost efficient medical devices and equipment as to encourage more adoption.Request Brochure –https://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=806“The companies in the global market for hyperbaric oxygen therapy devices are are also resorting to inorganic marketing strategies such as mergers, acquisitions, takeover, and strategic alliances and partnerships in order to diversify and strengthen their portfolio as well as generate more profits.
Moreover, these companies are also exploring new geographical regions in order to tap into potential lucrative opportunities” notes TMR analyst.Some of the notable names operating in the global hyperbaric oxygen therapy devices are Sechrist Industries, Inc., Perry Baromedical, and Environmental Tectonics Corporation (ETC), HAUX-LIFE-SUPPORT GmbH, IHC Hytech B.V., Oxyheal International and Fink Engineering.Transparency Market Research has published a new research report that provides detailed information about the key segments, drivers and restraints, geographical outlook, and current situation of the vendor landscape.
As per the findings of the research report, the global market for hyperbaric oxygen therapy devices is expected to reach a market valuation worth US$284.8 Mn by the end of 2025.
Favorable regulatory policies, improving patients’ hygiene, affordable prices as compared to multiplace chambers, improved and faster healing of wounds, and technological advancements are some of the key factors helping to drive the growth of the segment.Based on the regional segment, the global hyperbaric oxygen therapy devices market is divided into five main regions namely, North America, Latin America, Europe, Middle East and Africa, and Asia Pacific.
