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Hyperbaric Oxygen Therapy (HBOT) Devices Market 2021-2028 | Fink Engineering Pty Ltd., Gulf Coast Hyperbarics, SOS Medical Group Ltd

11-25-2021 02:44 PM CET | Health & Medicine

Press release from: Coherent Market Insights (CMI)

Hyperbaric Oxygen Therapy (HBOT) Devices Market

Hyperbaric Oxygen Therapy (HBOT) Devices Market

Growing prevalence of diabetic foot ulcers is expected to grow the need for hyperbaric oxygen therapy devices, which is expected to boost the global hyperbaric oxygen market growth during the forecast period. According to the National Center for Biotechnology Information, the prevalence of diabetic foot ulcers (DFU) among hospitalized patients in China ranged from 4% - 10% in 2015.

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Key Players in This Report 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.

Market players' increased expansion strategies are expected to fuel the global hyperbaric oxygen market growth during the forecast period. For instance, in May 2017, AHA Hyperbarics GmbH announced the establishment of its Australian subsidiary, AHA Hyperbarics Australia Pty Ltd, in order to grow the company's operations and product portfolio.

North America is expected to account for the largest share in the global hyperbaric oxygen therapy devices market during the forecast period, due to the region's growing incidence of non-healing injuries and diabetic foot ulcers. According to the Centers for Disease Control and Prevention (CDC), 23.6 million individuals in the U.S. suffered from diabetes in 2016, accounting for 7.8 % of the overall population. Lower extremity wounds affected one-third of the diabetes population in the U.S.

Markets in the Middle East and Africa are expected to grow in the global hyperbaric oxygen therapy devices market during the forecast period owing to growing strategic collaborations formed by regional market players to strengthen their market position.

For instance, Sechrist Industries, Inc. reported a collaboration with Dartmouth College's Geisel School of Medicine in June 2018 to introduce Hyperbaric Oxygen Therapy (HBOT) to Tanzania, East Africa. This therapy would be used to treat non-healing hypoxic wounds, severe anemia, chronic bone infection, and other diseases. Market players are also expanding their market presence in the region by building additional centers. For instance, BioBarica in September 2019 announced the opening of a branch in Buenos Aires, Argentina, to provide hyperbaric oxygen therapy in Argentina.

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The research study has taken the help of graphical presentation techniques such as infographics, charts, tables, and pictures. It provides guidelines for both established players and new entrants in the Global Hyperbaric Oxygen Therapy (HBOT) Devices Market.

The detailed elaboration of the Global Hyperbaric Oxygen Therapy (HBOT) Devices Market has been provided by applying industry analysis techniques such as SWOT and Porter’s five-technique. Collectively, this research report offers a reliable evaluation of the global market to present the overall framework of businesses.

The global hyperbaric oxygen therapy devices market is expected to exhibit a CAGR of 6.6 % during the forecast period, due to market players' growth strategy. For instance, BioBarica in December 2019 announced the opening of a new clinic in Sevilla, Spain, to provide hyperbaric oxygen therapy across Europe.

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Hyperbaric Oxygen Therapy (HBOT) Devices Market research provides answers to the following key questions:

• What is the expected growth rate of the Hyperbaric Oxygen Therapy (HBOT) Devices Market?

• What will be the Hyperbaric Oxygen Therapy (HBOT) Devices Market size for the forecast period, 2021–2028?

• What are the main driving forces responsible for changing the Hyperbaric Oxygen Therapy (HBOT) Devices Market trajectory?

• Who are the big suppliers that dominate the Hyperbaric Oxygen Therapy (HBOT) Devices Market across different regions? Which are their wins to stay ahead in the competition?

• What are the Hyperbaric Oxygen Therapy (HBOT) Devices Market trends business owners can rely upon in the coming years?

• What are the threats and challenges expected to restrict the progress of the Hyperbaric Oxygen Therapy (HBOT) Devices Market across different countries?

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Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients to achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having an office at global financial capital in the U.S. and sales consultants in the United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide.

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