Hyperbaric Oxygen Therapy Devices Market to Advance at CAGR of 8.9% During Forecast Period, Says TMR

• Growing adoption of life support solutions for treating decompression sickness and diabetic foot ulcers to spur sales of next-gen multiplace hyperbaric oxygen therapy chambers; demand for monoplace devices propelling incremental opportunities
• Rise in use of technology in treating acute wounds and serious infections to expand avenues in North America hyperbaric oxygen therapy devices market

ALBANY, N.Y., April 26, 2022 /PRNewswire/ -- Hyperbaric oxygen treatment chambers have been widely used in treatment for many health conditions and serious infections particularly decompression sickness, carbon monoxide poisoning, and diabetic foot ulcers. Emerging application of hyperbaric oxygen therapy/treatment (HBOT) devices in skin rejuvenation and treatment of photoaging has spurred the sales in hospitals & clinics. Globally, the hyperbaric oxygen therapy devices market valuation is projected to reach US$ 7.3 Bn by 2028.

Firms offering subsea, offshore, and life support solutions are capitalizing on the need for advanced multiplace hyperbaric oxygen treatment chambers. They are being adopted in emergency care. Advancements in monoplace HBOT devices are underpinned by development of hyperbaric oxygen therapy, noted the analysts in a detailed scrutiny of dynamics of the hyperbaric oxygen therapy devices market.

Device manufacturers are closely collaborating with hyperbaric specialists in order to design and manufacture of next-gen HBOT devices, with an aim to remove complications. The growing adoption of innovative hyperbaric equipment in hospitals is expected to expand the avenue of the market considerably by the end of the forecast period of 2021–2028.

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Key Findings of Hyperbaric Oxygen Therapy Devices Market study

• Widespread Demand for Treating Infections and Acute Wounds Underpins Abundant Avenues: The use of HBOT for treating various infections and accelerating the treatment of chronic and acute wounds has bolstered the revenue growth of the hyperbaric oxygen therapy devices market. The demand has notably increased in hospitals and trauma centers, found the authors of the TMR study. New product launches which are based on the state-of-the art technologies are opening up new customer proposition in the hyperbaric oxygen therapy devices market. Indeed, the uptake of multiplace HBOT chambers has increased in hyperbaric treatment facilities. Thus, technological advancements will open up new frontiers. Innovative HBOTs are being explored for to the treatment of Alzheimer's disease.
• Demand for HBOT for Skin Rejuvenation & Treatment of Photoaging Expand Prospects: Rise in demand for HBOT for skin rejuvenation and treatment is expected to generate sizable revenues, find the authors of the TMR study on the market. The indications for HBOT have been increasing continuously, arising out of the formation of wrinkles from UV irradiation. Growing number of medical aesthetic clinics that are using HBOT devices for skin rejuvenations such as removal of wrinkles is boosting the revenue potential for firms in the hyperbaric oxygen therapy devices market. The need for minimally invasive dermatological procedures has catalyzed development of hyperbaric oxygen therapies, as found in the TMR study.

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Hyperbaric Oxygen Therapy Devices Market: Key Drivers

• The growing incidence of chronic and acute infections, such as from diabetic foot ulcers, has propelled the development of hyperbaric oxygen therapy/treatment modalities. Growing R&D on reducing the morbidity of infections of diabetes has enriched the landscape of the hyperbaric oxygen therapy devices market.
• The growing effectiveness of hyperbaric oxygen therapy devices in wound healing applications is bostering the uptake, asserted the analysts in a TMR study on the hyperbaric oxygen therapy devices market

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Hyperbaric Oxygen Therapy Devices Market: Regional Growth Dynamics

North America is anticipated to hold a major share of the global hyperbaric oxygen therapy devices market during the forecast period. The market landscape has been continually enriched by various globally prominent firms engaged in developing HBOT devices. The U.S. and Canada are potentially lucrative markets of the region, pivoted on the need for advanced hyberbaric therapies for reducing the burden of acute/chronic wounds and serious infections.

Hyperbaric Oxygen Therapy Devices Market: Key Players

Some of the key players in the hyperbaric oxygen therapy devices market are hyperbaric oxygen therapy devices, Hearmec Co. Ltd., Hyperbaric SAC, Royal IHC, Sechrist Industries Inc., Fink Engineering Pty Ltd., Environmental Tectonics Corporation, and Perry Baromedical.  

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Global Hyperbaric Oxygen Therapy Devices Market: Segmentation

Hyperbaric Oxygen Therapy Devices Market, by Product

• Monoplace HBOT Devices
• Multiplace HBOT Devices

Hyperbaric Oxygen Therapy Devices Market, by Application

• Wound Healing
• Decompression Sickness
• Infection Treatment
• Gas Embolism

Hyperbaric Oxygen Therapy Devices Market, by Region

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• Japan
• Australia
• India
• Rest of Asia Pacific
• Latin America
• Brazil
• Mexico
• Rest of Latin America
• Middle East & Africa
• South Africa
• GCC Countries
• Rest of Middle East & Africa

Modernization of healthcare in terms of both infrastructure and services have pushed the healthcare industry to new heights, Stay Updated with Latest Healthcare Industry Research Reports by Transparency Market Research:

Oxygen Therapy Devices Market: The North America market for oxygen therapy devices is expanding at a healthy pace and is expected to tread along a healthy growth path in the next few years. Factors such as the rising prevalence of a number of respiratory conditions in the region, such as asthma, COPD, obstructive sleep apnea, and respiratory distress syndrome, are key to the increased demand for oxygen therapy devices in the region.

Oxygen Therapy Consumables Market: The oxygen therapy consumables market marks the presence of a few prominent players who hold major share. Product innovation and product improvement is the key focus of large players in the oxygen therapy consumables market to maintain their foothold.

High Flow Oxygen Therapy Devices Market: The high flow oxygen therapy devices market report is aimed to help the new entrants and investors for discovering the existing trends. Additionally, it estimates future opportunities for widespread growth of the high flow oxygen therapy devices market, which is based on the recent data.

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