Hyperbaric Oxygen Therapy (HBOT) Devices/Equipment Market 2020 to See Strong Growth including key players - ETC Biomedical Systems, Sechrist Industries, Inc., OxyHeal International, Inc

According to the recent analysis of Reports and Data, the global hyperbaric oxygen therapy market is expected to reach USD 480.2 million by the year 2026, in terms of value at a CAGR of 13.6%. Rising incidence of infections and serious injury are driving the hyperbaric oxygen therapy (HBOT) devices/equipment market.

This report covers the recent COVID-19 incidence and its impact on Hyperbaric Oxygen Therapy (HBOT) Devices/Equipment Market. The pandemic has widely affected the economic scenario. This study assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.

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Some of the key players including ETC Biomedical Systems, Sechrist Industries, Inc., OxyHeal International, Inc., Perry Baromedical Corporation, Hyperbaric SAC, Fink Engineering Pty. Ltd., HAUX-LIFE-SUPPORT GmbH, Hearmec Co., Ltd., IHC Hytech B.V. and Gulf Coast Hyperbarics, Inc.

Hyperbaric oxygen therapy has various applications such as crush injuries, thermal burn injuries, intracranial abscess, severe anemia and others. The adoption rate of this technology is rapidly increasing due to the amount of high income populations around the globe. The high commercial availability of hyperbaric oxygen therapy systems is one of the main factors that is driving the market over the forecast period. However, few medical professionals are still not convinced about the usage of hyperbaric oxygen therapy devices which is expected to impede growth of the hyperbaric oxygen therapy market. The technological advancements in portable HBOT system and growing awareness among healthcare professionals with the benefits of the multiplace HBOT equipment are some of the key factors driving the growth of the hyperbaric oxygen therapy market.

For the purpose of this report, Reports and Data has segmented the global hyperbaric oxygen therapy (HBOT) devices/equipment market on the basis of product, application, end user, and region.

By Product (Revenue, USD Million; 2016–2026)

Hyperbaric Oxygen Chambers
Monoplace Chambers
Multiplace Chambers
Topical Chambers
Portable Chambers
Chamber Accessories
Electrodes
Carts
Cords
Gas regulators
Other accessories
Consumables
Masks
Mattresses
Hoods
Pillows
Other consumables
Other products

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By Application (Revenue, USD Million; 2016–2026)

Injuries
Crush injuries
Decompression Sickness
Thermal burn Injuries
Other injuries
Infections
Gas Gangrene
Intracranial Abscess
Necrotizing soft tissue infections
Other infections
Insufficiencies
Air or Gas Embolism
Arterial Insufficiencies
Severe Anemia
Other insufficiencies
Carbon Monoxide Poisoning
Other Applications

By End User (Revenue, USD Million; 2016–2026)

Hospitals
Ambulatory Care Centers
Outpatient Clinics
Standalone Hyperbaric Treatment Centers
Other End Users

By Region (Revenue, USD Million; 2016–2026)

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

Further key findings from the report suggest

The hyperbaric oxygen therapy (HBOT) market size was estimated at USD 170 million in 2018 and is expected to grow at a CAGR of 13.6% from 2019 to 2026

Hyperbaric oxygen chambers were the most extensive product segment with a significant market share in 2018.

By application, Carbon monoxide poisoning segment is expected to witness substantial growth during the forecast period.

The Asia Pacific region is anticipated to have a huge rise in the growth over the next decade owing to various developments in healthcare infrastructure and also have huge technological advancements in the medical device industry across major emerging economies. It is expected to grow at a CAGR of 14.2% over the forecast period.

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Key selling points of this research study

1. The study gives an in-depth evaluation of the evolving competitive scenario that gives the reader/client a competitive edge.

2. It offers a holistic view of all critical aspects boosting or limiting the growth of the sector

3. The market intelligence report derives an eight-year forecast, including historical, contemporary, and potential market prospects, projecting the estimated progress of the market.

4. It aids informed decision-making by offering an exhaustive database of the pivotal market segments and sub-segments.

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