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Hyperbaric Oxygen Therapy (HBOT) Market Analysis 2019 | Advanced Hyperbaric Recovery, Biomedical Systems, ETC, Fink Engineering, Life Healthcare, OxyHealth, Perry Baromedical, Richmond Hyperbaric Medicine, Royal IHC, Sechrist Industries, SOS Medical Group
Hyperbaric Oxygen Therapy (HBOT) Market
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The overviews, SWOT analysis and strategies of each vendor in the market is provided in this report to help better understanding about the market forces and how those can be exploited to create future opportunities. This hyperbaric oxygen therapy (HBOT) report provides pin point analysis for changing competitive dyanamics. It presents a six year forecast assessed on the basis of how the market is predicted to grow.
The global hyperbaric oxygen therapy (HBOT) market is expected to rise from its initial estimated value of USD 2.47 billion in 2018 to an estimated value of USD 4.18 billion by 2026 registering a CAGR of 6.8% in the forecast period of 2019-2026. This rise in the market can be attributed to the rising geriatric population over the world and prevalence of demand of arthroscopy in these populations.
HBOT devices can be used for the treatment of various disease such as bell’s palsy, HIV/AIDS, spinal cord injuries, Parkinson’s disease, asthma, hepatitis, multiple sclerosis, sport injuries, stroke and migraines.
Key Developments in the Market:
· In March 2018, Amandeep Hospital (India) launched hyperbaric Oxygen Therapy (HBOT), which will help patients in the quick recovery of wounds especially diabetic foot ulcers and non-healing wounds.
Key Market Competitors: Global Hyperbaric Oxygen Therapy (HBOT) Market
Few of the major market competitors currently working in the hyperbaric oxygen therapy (HBOT) market are OxyHeal International, Inc., Fink Engineering Pty. Ltd., Richmond Hyperbaric Health Center, ETC BioMedical Systems, Hearmec Co., Ltd., IHC Hytech B.V., Life healthcare, Hyperbaric SAC, Advanced Hyperbaric Recovery, Sechrist Industries, Inc., SOS Medical Group Ltd. (SOS Hyperlite Ltd), Perry Baromedical Corporation, HAUX-LIFE-SUPPORT GmbH, Healogics and Gulf Coast Hyperbarics, Inc.
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Market Drivers:
· Increase in the prevalence of wound site infections and growing patient pool worldwide
· Rising demand of low cost treatment
· Rising occurrence of acute and chronic wounds, diabetic foot ulcers and pressure cases fueling the growth of the market
Market Restraints:
· High cost of hyperbaric oxygen therapy (HBOT) is acting as a major restraint for the market
· Inadequate HBOT recompense coverage hampering the growth of the market
Competitive Analysis: Global Hyperbaric Oxygen Therapy (HBOT) Market
The global hyperbaric oxygen therapy (HBOT) market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of hyperbaric oxygen therapy (HBOT) market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Segmentation: Global Hyperbaric Oxygen Therapy (HBOT) Market
o By Product Type (Monoplace HBOT Devices, Topical HBOT Devices, Multiplace HBOT Devices)
o By Application (Wound Healing, Decompression Sickness, Infection Treatment, Gas Embolism, Others)
· By Geography
North America (US, Canada, Mexico)
South America (Brazil, Argentina, Rest of South America)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Rest of Europe)
Asia-Pacific (Japan, China, South Korea, India, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, Rest of Asia-Pacific)
Middle East and Africa (South Africa, Egypt, Saudi Arabia, United Arab Emirates, Israel, Rest of Middle East and Africa)
Reasons to Purchase this Report:
· Current and future of global hyperbaric oxygen therapy (HBOT) market outlook in the developed and emerging markets
· The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
· Regions/Countries that are expected to witness the fastest growth rates during the forecast period
· The latest developments, market shares, and strategies that are employed by the major market players
Full Report Description: https://databridgemarketresearch.com/reports/global-hyperbaric-oxygen-therapy-hbot-market/
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