Hyperbaric Oxygen Therapy Devices Market – Market Insights

Hyperbaric Oxygen Therapy (HBOT) devices are used to deliver 100% pure oxygen to tissues in the body under high atmospheric pressure. During HBOT, the pressure is increased to three times the normal atmospheric pressure, creating high amount of partial pressure of oxygen. Under normal conditions, one atmosphere absolute is subjected to be around 14.7 pounds per square inch of pressure and the air we normally breathe is composed of 21% oxygen and 79% nitrogen. Breathing in 100% oxygen, the body is exposed to rise in atmospheric pressure, the oxygen molecules become condensed and this allows intake of a higher amount of partial pressure of oxygen, where oxygen dissolves in the plasma around 10 to 15 times greater than normal. This super-saturation of oxygen in the body’s tissues promotes an increase in capillary growth, white blood cell (WBC) activity, new tissue development, oxygen tension in hypoxic areas, reduction in the size of gas bubbles, and numerous other physiological effects.

The global hyperbaric oxygen therapy devices market 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).

Figure 1. Global Hyperbaric Oxygen Therapy (HBOT) Devices Market Value (US$ Mn), by Region, 2018

Hyperbaric Oxygen Therapy Devices  | Coherent Market Insights

Source: Coherent Market Insights Analysis (2020)

Rising adoption of hyperbaric oxygen therapy devices by hospitals is expected to boost growth of the hyperbaric oxygen therapy devices market

Hyperbaric oxygen therapy devices market is expected to witness significant growth owing to increasing adoption of hyperbaric systems by hospitals. For instance, in February 2019, Vereen Rehabilitation Center included hyperbaric oxygen therapy to their list of treatments provided in its wound care program. The therapy is provided in collaboration with Precision Health Care, a wound healing and hyperbaric medicine organization which develops hyperbaric and wound healing centers.

Hyperbaric oxygen therapy devices market is expected to witness significant growth, owing to increasing approval and medical certification of the products. For instance, in November 2019, AHA Hyperbarics GmbH launched AHA Flex V2 hyperbaric system at the MEDICA, exhibition held in Germany. Also in October 2019, the company received CE certificate from TÜV SÜD Product Services GmbH, the Certification Body for its hyperbaric system developed for hyperbaric oxygen therapy.

Moreover, management of chronic wounds is increasing demand for such therapies which is expected to drive the market growth. For instance, in October 2017, a new study published online in the International Society for Pharmacoeconomics and Outcomes Research’s (ISPOR) ‘Value in Health’ journal demonstrates the economic impact of chronic non-healing wounds in Medicare patients and stated that chronic wounds impact around 15% of Medicare beneficiaries (8.2 million) in the U.S. According to the same source, in 2018 conservative estimates for total Medicare annual expenditure for all wound types is ranged from US$ 28.1 billion to US$ 31.7 billion in the U.S.

Figure 2. Global Hyperbaric Oxygen Therapy Devices Market Share (%), by Product Type, 2019 and 2027

Hyperbaric Oxygen Therapy Devices  | Coherent Market Insights

Source: Coherent Market Insights Analysis (2020)

Hyperbaric Oxygen Therapy Devices Market - Regional Analysis

North America is expected to hold a dominant position in the global hyperbaric oxygen therapy devices market in 2018, owing to number of diabetes patients prone to foot ulcers or non-healing wounds in North America. 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.

Moreover, according to statistics published by Diabetes UK, in 2015, the prevalence of diabetic foot ulcers among diabetic population was estimated to be 2.5%, which was around 86,000 people in the U.K. Also, foot complications are the most common reason for hospitalization in the U.K. These factors are expected to drive growth of the hyperbaric oxygen therapy devices market in Europe.

Furthermore, increasing prevalence of diabetes in China and India is expected to create a conducive environment for the growth of this market in the Asia Pacific region. According to World Health Organization (WHO), the number of diabetic patients in India and China are expected to reach 79.4 million and 42.3 million, respectively, by 2030.

Key Players

Major players operating in the global hyperbaric oxygen therapy devices market include 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.

Hyperbaric Oxygen Therapy (HBOT) devices help in the treatment of many diseases such as asthma, Bell's palsy, Parkinson’s disease, spinal cord injuries, hepatitis, migraines, multiple sclerosis, stroke, and sport injuries. Moreover, HBOT devices have Food and Drug Administration (FDA) approval for treating decompression sickness, thermal, necrotizing soft tissues infection and burn injury. HBOT devices are also used in off-label medical induction treatments such as brain injuries and cancer. Off-label means medication that is not specified in the FDA's approved packaging label. Increasing preference HBOT by patients as well as medical practitioners has led to growth in the HBOT devices market.

Market Dynamics

Increasing prevalence of diabetes is expected to boost the global Hyperbaric Oxygen Therapy (HBOT) devices market growth during the forecast period. For instance, according to the North West Coast Strategic Clinical Networks of National Health Services' report of 2017, an estimated 4.5 million people had diabetes in the U.K. alone. According to the same source, around 200,000 diabetes patients had diabetic foot ulcers in 2017 in U.K. Furthermore, over 64,000 people with diabetes in England and Wales are estimated to have foot ulcers at any given time.

Increasing expansion strategies by market players is expected to propel the market growth. For instance, in June 2017, AHA Hyperbarics GmbH, announced the launch of its subsidiary, AHA Hyperbarics USA, Inc., in the U.S., in order to expand its business and offerings. Similarly, in May 2019, BioBarica, announced the launch of a new service center in Junín, Latin America, which will offer Hyperbaric Oxygen Therapy.

Key features of the study:

  • This report provides in-depth analysis of the hyperbaric oxygen therapy devices market and provides market size (US$ Mn) and compound annual growth rate (CAGR %) for the forecast period (2019-2027), considering 2018 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global hyperbaric oxygen therapy devices market based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as part of this study include 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
  • Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, technology upgradation, market expansion, and marketing tactics
  • The global hyperbaric oxygen therapy devices market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the hyperbaric oxygen therapy devices market

Detailed Segmentation:

  • Global Hyperbaric Oxygen Therapy (HBOT) Devices Market, By Product Type:
    • Monoplace HBOT Devices
    • Multiplace HBOT Devices
    • Topical HBOT Devices
  • Global Hyperbaric Oxygen Therapy (HBOT) Devices Market, By Application:
    • Wound Healing
    • Decompression Sickness
    • Infection
    • Gas Embolism
    • Others
  • Global Hyperbaric Oxygen Therapy (HBOT) Devices Market, By End User:
    • Hospitals and Clinics
    • Ambulatory Surgery Centers
    • Others
  • Global Hyperbaric Oxygen Therapy (HBOT) Devices Market, By Region:
    • North America
      • By Product Type:
        • Monoplace HBOT Devices
        • Multiplace HBOT Devices
        • Topical HBOT Devices
      • By Application:
        • Wound Healing
        • Decompression Sickness
        • Infection
        • Gas Embolism
        • Others
      • By End User:
        • Hospitals and Clinics
        • Ambulatory Surgery Centers
        • Others
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • By Product Type:
        • Monoplace HBOT Devices
        • Multiplace HBOT Devices
        • Topical HBOT Devices
      • By Application:
        • Wound Healing
        • Decompression Sickness
        • Infection
        • Gas Embolism
        • Others
      • By End User:
        • Hospitals and Clinics
        • Ambulatory Surgery Centers
        • Others
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Product Type:
        • Monoplace HBOT Devices
        • Multiplace HBOT Devices
        • Topical HBOT Devices
      • By Application:
        • Wound Healing
        • Decompression Sickness
        • Infection
        • Gas Embolism
        • Others
      • By End User:
        • Hospitals and Clinics
        • Ambulatory Surgery Centers
        • Others
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Product Type:
        • Monoplace HBOT Devices
        • Multiplace HBOT Devices
        • Topical HBOT Devices
      • By Application:
        • Wound Healing
        • Decompression Sickness
        • Infection
        • Gas Embolism
        • Others
      • By End User:
        • Hospitals and Clinics
        • Ambulatory Surgery Centers
        • Others
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Product Type:
        • Monoplace HBOT Devices
        • Multiplace HBOT Devices
        • Topical HBOT Devices
      • By Application:
        • Wound Healing
        • Decompression Sickness
        • Infection
        • Gas Embolism
        • Others
      • By End User:
        • Hospitals and Clinics
        • Ambulatory Surgery Centers
        • Others
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Product Type:
        • Monoplace HBOT Devices
        • Multiplace HBOT Devices
        • Topical HBOT Devices
      • By Application:
        • Wound Healing
        • Decompression Sickness
        • Infection
        • Gas Embolism
        • Others
      • By End User:
        • Hospitals and Clinics
        • Ambulatory Surgery Centers
        • Others
      • By Country/Region:
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • Fink Engineering Pty Ltd.*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Highlights
      • Market Strategies
    • 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.
    • Premier Hyperbarics

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Application
      • Market Snippet, By End User
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Market Trends
    • Regulatory Scenario
    • Reimbursement Scenario
    • PEST Analysis
    • PORTER’s Analysis
    • Recent Product Launch
    • Merger and Acquisition Scenario
  4. Global Hyperbaric Oxygen Therapy (HBOT) Devices Market, By Product Type, 2016 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Monoplace HBOT Devices
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Multiplace HBOT Devices
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Topical HBOT Devices
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  5. Global Hyperbaric Oxygen Therapy (HBOT) Devices Market, By Application, 2016 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Wound Healing
      •  Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Decompression Sickness
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Infection
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Gas Embolism
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  6. Global Hyperbaric Oxygen Therapy (HBOT) Devices Market, By End User, 2016 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Hospital and Clinics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Ambulatory Surgery Centers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  7. Global Hyperbaric Oxygen Therapy (HBOT) Devices Market, By Region, 2016 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, For Regions, 2017–2027
    • North America
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • U.S.
        • Canada
    • Latin America
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country/Region, 2016 – 2027, (US$ Mn)
        • South Africa
        • Central Africa
        • North Africa
  8. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis
      • Fink Engineering Pty Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Gulf Coast Hyperbarics, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • SOS Medical Group Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • IHC Hytech B.V.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • ETC BioMedical Systems
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Haux-Life-Support GmbH
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Sechrist Industries, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • GWR Medical, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Hyperbaric Modular Systems, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Hearmec Co., Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Premier Hyperbarics
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
    • Analyst Views
  9. Section
    • References
    • Research Methodology
    • About Us and Sales Contact

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