Hyperbaric Oxygen Therapy Market Size, Share, Analysis, Industry Report and Forecast 2019-2025
Hyperbaric
oxygen therapy market is expected to grow at a significant rate during the
forecast period 2019-2025. Hyperbaric oxygen therapy is a treatment procedure
in which the inspired oxygen is given at a considerably increased atmospheric
pressure. In most of the cases, the HBOT is provided as an adjunct to
pharmacologic or surgical interventions; however, in other cases, it represents
the primary treatment modality. The increasing prevalence of acute and chronic
diseases such as diabetes and skin infections have increased the adoption rate
of artificial therapies in healing after-effects of cosmetic surgeries.
According to the Centers for Disease Control and Prevention (CDC) in 2017,
there were over 30 million people with diabetes in the US. With the HBOT, the
amount of oxygen in the patient’s blood is increased which supports in the
growth of vessels, which is crucial for diabetics. This, in turn, increase the
growth of hyperbaric oxygen therapy market. The growing popularity of adventure
activities has considerably increased the incidence rate of wounds and
injuries, owing to which, the physiotherapists recommend HBOT for severe
wounds. Moreover, the FDA approvals for the therapy equipment in the treatment
of gas embolism and diabetes-related disorders such as diabetic foot ulcers are
further anticipated to fuel the growth of the market in the near future.
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The
global hyperbaric oxygen therapy market is further analyzed on the basis
geographical regions, including North America, Europe, Asia-Pacific, and Rest
of the World. North America held a dominant position in the global HBOT market
in 2018. The region has well-developed healthcare infrastructure with
significant government investment in improving the healthcare facilities for
the mass. Moreover, a rise in the predominance of chronic diseases and
disorders such as diabetes and skin infections further contribute to its
growth. Asia-Pacific is estimated to witness the fastest growth in the global
HBOT market during the forecast period. This is attributed to the rise in
healthcare spending and easy accessibility to advanced healthcare facilities in
the region.
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Global HBOT Market Segmentation
By Product Type
·
Monoplace HBOT Devices
·
Topical HBOT Devices
·
Multiplace HBOT Devices
By Application
·
Wound Healing
·
Decompression Sickness
·
Infection Treatment
·
Gas Embolism
·
Others (Anemia and Gangrene)
Regional Analysis
·
North America
·
United States
·
Canada
·
Europe
·
UK
·
Germany
·
Italy
·
Spain
·
France
·
Rest of Europe
·
Asia-Pacific
·
China
·
Japan
·
India
·
Rest of Asia-Pacific
·
Rest of the World
Company
Profiles
·
Amron International, Inc.
·
Barox HBO
·
Comex SA
·
Environmental Tectonics Corp.
·
Fink Engineering Pty Ltd.
·
Gaumond Medical Group Inc.
·
Gulf Coast Hyperbarics, Inc
·
HAUX-LIFE-SUPPORT GmbH
·
Hearmec Co., Ltd.
·
Hyperbaric SAC
·
IHC Merwede Holding B.V.
·
Oxygen Generating Systems Intl.
·
Oxy-Health, LLC
·
Pan America Hyperbarics, Inc.
·
PCCI, INC. (Reimers Systems Inc.)
·
Perry Baromedical Corp
·
Sechrist Industries, Inc.
·
Shared Health Services, Inc.
·
SOS Group Global Ltd.
·
Tekna Manufacturing Pvt. Ltd.
·
Valir Health, LLC
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