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Hyperbaric Oxygen Therapy Devices Market Poised for 8.9% CAGR Growth, Reaching USD 7.3 Bn by 2028| Transparency Market Research

02-28-2024 05:40 AM CET | Health & Medicine

Press release from: Transparency Market Research

Hyperbaric Oxygen Therapy Devices

Hyperbaric Oxygen Therapy Devices

The global ๐ก๐ฒ๐ฉ๐ž๐ซ๐›๐š๐ซ๐ข๐œ ๐จ๐ฑ๐ฒ๐ ๐ž๐ง ๐ญ๐ก๐ž๐ซ๐š๐ฉ๐ฒ ๐๐ž๐ฏ๐ข๐œ๐ž๐ฌ ๐ฆ๐š๐ซ๐ค๐ž๐ญ experienced substantial growth, with a valuation of US$ 3.1 billion in 2020. Projections indicate a significant expansion, with expectations to reach US$ 7.3 billion by the end of 2028, reflecting a notable compound annual growth rate (CAGR) of 8.9% from 2021 to 2028.

Despite the promising prospects brought about by telehealth and eHealth mobile apps in raising awareness post the COVID-19 pandemic, challenges persist. Concerns such as oxygen toxicity complications, therapy discomfort, and high investment costs in technology innovation are notable drawbacks. To address these issues, companies operating in this market are encouraged to secure funding from healthcare organizations and emphasize the importance of seeking medical consultation before embarking on hyperbaric oxygen therapy treatments.

๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐ƒ๐…:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=806&utm_source=OpenPR&utm_medium=OpenPR&utm_campaign=MansiR

๐‹๐ž๐š๐๐ข๐ง๐  ๐œ๐จ๐ฆ๐ฉ๐š๐ง๐ข๐ž๐ฌ:

Perry Baromedical,Environmental Tectonics Corporation,Fink Engineering Pty Ltd.,Sechrist Industries Inc.,HAUX-LIFE-SUPPORT,Gulf Coast Hyperbarics Inc.,Hyperbaric SAC,Royal IHC,Hearmec Co. Ltd.,SOS Group Global Ltd.,OxyHeal International Inc.,Submarine Manufacturing and Products Limited (SMP Ltd.),Medical Equipment and Consumer Goods Plant (KhSC),Sands Hyperbarics,Pan-America Hyperbarics Inc.,OxyHealth,Baroks Hyperbaric A.S,Tekna Manufacturing LLC,and PCCI Inc.

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

๐๐ซ๐จ๐๐ฎ๐œ๐ญ

Monoplace HBOT Devices
Multiplace HBOT Devices

๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง

Wound Healing
Decompression Sickness
Infection Treatment
Gas Embolism

๐Š๐ž๐ฒ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ:

In May 2021, CลซtisCare, a leading provider of multi-place hyperbaric services for trauma centers and acute care hospitals, announced the official launch of hyperbaric aware website and national campaign. CลซtisCare aims to increase awareness about hyperbaric oxygen therapy to effectively deal with various chronic conditions.

In July 2019, Unique Group, the world's prominent advanced subsea, offshore, and life support solution providers, launched its next generation multiplace hyperbaric oxygen treatment chamber, 'Uni-Heal 2200 hyperbaric oxygen treatment facility'

In March 2019, the U.S. Food and Drug Administration granted permission for promoting and commercializing a 'ClearMate'. It is a new device intended to be utilized in the emergency room in order to treat patients suffering from carbon monoxide poisoning.

๐๐ฅ๐š๐œ๐ž ๐š๐ง ๐Ž๐ซ๐๐ž๐ซ ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ:
https://www.transparencymarketresearch.com/checkout.php?rep_id=806<ype=S&utm_source=OpenPR&utm_medium=OpenPR&utm_campaign=MansiR

๐ˆ๐ง๐œ๐ซ๐ž๐š๐ฌ๐ž ๐ข๐ง ๐ˆ๐ง๐œ๐ข๐๐ž๐ง๐œ๐ž ๐จ๐Ÿ ๐Ž๐›๐ž๐ฌ๐ข๐ญ๐ฒ ๐š๐ง๐ ๐ƒ๐ข๐š๐›๐ž๐ญ๐ž๐ฌ: ๐Š๐ž๐ฒ ๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ

Hyperbaric oxygen therapy devices (HBOT) are pivotal in treating conditions like osteomyelitis, actinomycosis, and diabetic wounds by delivering oxygen-rich plasma to oxygen-deprived tissues. With the escalating prevalence of diabetes and obesity worldwide, the demand for these devices in wound healing is anticipated to soar.

Research from the International Diabetes Federation (IDF) projects a staggering rise in diabetic cases, reaching 643 million by 2030 and 783 million by 2045. As highlighted by the World Health Organization (WHO), diabetes is a significant contributor to mortality, with approximately 1.5 million deaths attributed to it in 2019 alone.

The burgeoning burden of acute and chronic wounds, coupled with increasing wound infections, propels the adoption of HBOT devices. Additionally, the expanding geriatric demographic and escalating healthcare expenses are poised to further drive the global market for HBOT devices.

๐Š๐ž๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ญ๐ฎ๐๐ฒ ๐๐จ๐ข๐ง๐ญ๐ฌ:

Key points of focus for market study include understanding the demand dynamics, assessing regulatory requirements, analyzing competitive landscapes, and identifying emerging opportunities in untapped markets.

๐…๐ฎ๐ญ๐ฎ๐ซ๐ž ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค:

The future outlook for the hyperbaric oxygen therapy devices market remains promising, with continued advancements in technology, expanding applications, and increasing investments in research and development.

๐๐ซ๐จ๐ฐ๐ฌ๐ž ๐Œ๐จ๐ซ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐“๐Œ๐‘:

๐Œ๐ข๐œ๐ž ๐Œ๐จ๐๐ž๐ฅ ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ- https://www.globenewswire.com/news-release/2023/05/16/2669777/0/en/Mice-Model-Technologies-Market-Poised-for-7-4-CAGR-Growth-Reaching-USD-3-2-Bn-by-2031-Transparency-Market-Research.html

๐’๐ญ๐ข๐œ๐ค ๐–๐ž๐ฅ๐๐ข๐ง๐  ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐จ๐๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ- https://www.globenewswire.com/news-release/2023/05/17/2671548/0/en/Latest-Stick-Welding-Electrode-Market-Size-is-Expected-to-Reach-US-1-2-Billion-by-2031-Rising-at-a-Market-Growth-of-4-4-CAGR-During-the-Forecast-Period-Transparency-Market-Research.html

๐€๐›๐จ๐ฎ๐ญ ๐“๐ซ๐š๐ง๐ฌ๐ฉ๐š๐ซ๐ž๐ง๐œ๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ:

Nikhil Sawlani
Transparency Market Research Inc.
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