Hyperbaric oxygen therapy devices market
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, Infection and Others (Diabetes or Radiation Injury, etc.)), by End User (Hospitals, Ambulatory Surgery Centers, and Specialty Clinics), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
- Oct 2022
- CMI553
- 173 Pages
- Excel & Pdf
- Medical Devices
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, hyperbaric oxygen therapy (HBOT) devices are used for treating decompression sickness, thermal, necrotizing soft tissues infection and burn injury. These 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 of hyperbaric oxygen therapy (HBOT) devices by patients as well as medical practitioners has led to growth in the hyperbaric oxygen therapy devices market.
Global hyperbaric oxygen therapy (HBOT) devices market is estimated to be valued at US$ 2,891.5 million in 2022 and is expected to exhibit a CAGR of 6.8% during the forecast period (2022-2030).
Figure 1. Global Hyperbaric Oxygen Therapy (HBOT) Devices Market Share (%), by Product Type, 2022
Global Hyperbaric Oxygen Therapy (HBOT) Devices Market: Drivers
Increasing prevalence of skin wounds is expected to boost growth of global hyperbaric oxygen therapy devices market
For instance, in September 2020, according to the data published in Advances in Skin and WoundCare journal, a research study was conducted for the analysis of electronic health records of cases and controls for chronic skin wounds in the hospitals. The total prevalence of chronic wounds during the study period was increased and the occurrence of these wounds was correlated with older age, male gender, unemployment and autumn season. The primary cause of chronic wound was diabetic ulcer and infection. Hence, increased in chronic skin wound and their risk factors resulted in an inpatient hospital setting in northern china.
Figure 2. Global Hyperbaric Oxygen Therapy (HBOT) Devices Market Share (%), by Region, 2022
Increasing launch of awareness campaign are expected to drive the global hyperbaric oxygen therapy devices market growth during the forecast period.
Increasing launch of awareness campaigns by key players in the market is expected to drive market growth over the forecast period. For instance, in May 2022, CutisCare, a wound care management and hyperbaric therapy solutions, announced that they launched a Second Annual Hyperbaric Aware National Campaign to raise awareness in people about Hyperbaric Oxygen Therapy. Hyperbaric Oxygen Therapy is a productive healing option for several chronic conditions. As many people were not aware about the treatment indications, advantages, and the selection criteria of hyperbaric medicine. This campaign promoted the advantages of hyperbaric oxygen therapy which helped the people for long lives and reduce the cost of care while improving the worth of life.
Hyperbaric Oxygen Therapy (HBOT) Devices Market Report Coverage
Report Coverage | Details | ||
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Base Year: | 2021 | Market Size in 2022: | US$ 2,891.5 Mn |
Historical Data for: | 2017 to 2020 | Forecast Period: | 2022 to 2030 |
Forecast Period 2022 to 2030 CAGR: | 6.8% | 2030 Value Projection: | US$ 4,881.5 Mn |
Geographies covered: |
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Segments covered: |
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Companies covered: |
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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Growth Drivers: |
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Restraints & Challenges: |
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Global Hyperbaric Oxygen Therapy (HBOT) Devices Market– Impact of Coronavirus (COVID-19) Pandemic
Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe and the World Health Organization had declared it a public health emergency on January 30, 2020.
COVID-19 has affected the economy in three main ways: by directly affecting production and demand of drugs and vaccines, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries, such as China, India, Saudi Arabia, U.A.E., Egypt, and others, faced problems with regard to the transportation of drugs and vaccines from one place to another.
However, the COVID-19 pandemic had a negative impact on the global hyperbaric oxygen therapy (HBOT) devices market, due to the lack of availability of global hyperbaric oxygen therapy (HBOT) devices. For instance, according to the data published by National Center of Biotechnology Information, in July 2021, Hyperbaric Oxygen Therapy (HBOT) Devices were considered as safe and effective method of oxygenation for the COVID-19 patients but lack of availability of the these devices were observed due to disruptions in supply chain across the globe.
Global Hyperbaric Oxygen Therapy (HBOT) Devices Market: Key Developments
In February 2021, BioBarica, a manufacture of hyperbaric chambers announced that they had received an approval from the U.S. Food and Drug Administration for hyperbaric oxygen therapy chambers. A hyperbaric chamber is a medical device through which patient breathes high concentration of oxygen via mask in a pressurized environment at 1.45 atmospheres absolute. It enhance the availability and concentration of oxygen in blood plasma and creates excess supply of oxygen in tissues.
Global Hyperbaric Oxygen Therapy (HBOT) Devices Market: Restraint
The major factors that hinder growth of the global hyperbaric oxygen therapy (HBOT) devices market include high cost of treatment with hyperbaric oxygen therapy. For instance, according to the data published in article Hyperbaric Medical Solutions, it was estimated that the cost per treatment for hyperbaric oxygen therapy was US$ 250 to US$ 600. Hence, because of the high cost of treatment of hyperbaric oxygen therapy, it is difficult for underdeveloped countries such as South Africa, Cambodia to undergo the treatment process.
Key Players
Major players operating in the global hyperbaric oxygen therapy (HBOT) 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.
Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snapshot, By Product Type
- Market Snapshot, By Application
- Market Snapshot, By End User
- Market Snapshot, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Market Trends
- Recent Developments
- Acquisitions and Partnerships Scenario
- Technology Overview
- Regulatory Scenario
- PEST Analysis
- Market Dynamics
- Global Hyperbaric Oxygen Therapy (HBOT) Devices Market - Impact of Coronavirus (Covid-19) Pandemic
- Overall Impact
- Impact on Supply and Demand
- COVID-19 Impact on the market
- Global Hyperbaric Oxygen Therapy (HBOT) Devices Market, By Product Type, 2017 – 2030, (US$ Million)
- Overview
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2017 – 2030
- Segment Trends
- Monoplace HBOT Devices
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Multiplace HBOT Devices
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Topical HBOT Devices
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Overview
- Global Hyperbaric Oxygen Therapy (HBOT) Devices Market, By Application, 2017 – 2030, (US$ Million)
- Overview
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2017 – 2030
- Segment Trends
- Wound Healing
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Decompression Sickness
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Infection
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Gas Embolism
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Others (Diabetes or Radiation Injury, etc.)
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Overview
- Global Hyperbaric Oxygen Therapy (HBOT) Devices Market, By End User, 2017 – 2030, (US$ Million)
- Overview
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2017 – 2030
- Segment Trends
- Hospitals
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Ambulatory Surgery Centers
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Specialty Clinics
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Overview
- Global Hyperbaric Oxygen Therapy (HBOT) Devices Market, By Region, 2017 – 2030, (US$ Million)
- Introduction
- Market Share Analysis, By Region, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, For Regions, 2017–2030
- Regional Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2017 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By End User , 2017 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2017 – 2030, (US$ Million)
- U.S.
- Canada
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2017 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2017 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2017 – 2030, (US$ Million)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2017 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2017 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2017 – 2030, (US$ Million)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2017 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2017 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2017 – 2030, (US$ Million)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2017 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2017 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2017 – 2030, (US$ Million)
- GCC
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2017 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2017 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2017 – 2030, (US$ Million)
- North Africa
- Central Africa
- South Africa
- Introduction
- Competitive Landscape
- Fink Engineering Pty Ltd.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Gulf Coast Hyperbarics, Inc.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- SOS Medical Group Ltd.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- IHC Hytech B.V.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- ETC BioMedical Systems
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Haux-Life-Support GmbH
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Sechrist Industries, Inc.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- GWR Medical, Inc.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Hyperbaric Modular Systems, Inc.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Hearmec Co., Ltd.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Premier Hyperbarics
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Fink Engineering Pty Ltd.
- Section
- Research Methodology
- About Us
*Browse 40 market data tables and 34 figures on " Global Hyperbaric Oxygen Therapy (HBOT) Devices Market” - Global forecast to 2030.
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 (Diabetes or Radiation Injury, etc.)
- Global Hyperbaric Oxygen Therapy (HBOT) Devices Market, By End User:
- Hospitals
- Ambulatory Surgery Centers
- Specialty Clinics
- 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 (Diabetes or Radiation Injury, etc.)
- By End User
- Hospitals
- Ambulatory Surgery Centers
- Specialty Clinics
- By Country
- U.S.
- Canada
- By Product Type
- Latin America
- By Product Type
- Monoplace HBOT Devices
- Multiplace HBOT Devices
- Topical HBOT Devices
- By Application
- Wound Healing
- Decompression Sickness
- Infection
- Gas Embolism
- Others (Diabetes or Radiation Injury, etc.)
- By End User
- Hospitals
- Ambulatory Surgery Centers
- Specialty Clinics
- By Country
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- By Product Type
- Europe
- By Product Type
- Monoplace HBOT Devices
- Multiplace HBOT Devices
- Topical HBOT Devices
- By Application
- Wound Healing
- Decompression Sickness
- Infection
- Gas Embolism
- Others (Diabetes or Radiation Injury, etc.)
- By End User
- Hospitals
- Ambulatory Surgery Centers
- Specialty Clinics
- By Country
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- By Product Type
- Asia Pacific
- By Product Type
- Monoplace HBOT Devices
- Multiplace HBOT Devices
- Topical HBOT Devices
- By Application
- Wound Healing
- Decompression Sickness
- Infection
- Gas Embolism
- Others (Diabetes or Radiation Injury, etc.)
- By End User
- Hospitals
- Ambulatory Surgery Centers
- Specialty Clinics
- By Country
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- By Product Type
- Middle East
- By Product Type
- Monoplace HBOT Devices
- Multiplace HBOT Devices
- Topical HBOT Devices
- By Application
- Wound Healing
- Decompression Sickness
- Infection
- Gas Embolism
- Others (Diabetes or Radiation Injury, etc.)
- By End User
- Hospitals
- Ambulatory Surgery Centers
- Specialty Clinics
- By Country
- GCC
- Israel
- Rest of Middle East
- By Product Type
- Africa
- By Product Type
- Monoplace HBOT Devices
- Multiplace HBOT Devices
- Topical HBOT Devices
- By Application
- Wound Healing
- Decompression Sickness
- Infection
- Gas Embolism
- Others (Diabetes or Radiation Injury, etc.)
- By End User
- Hospitals
- Ambulatory Surgery Centers
- Specialty Clinics
- By Region/Country
- South Africa
- Central Africa
- North Africa
- By Product Type
- North America