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

The global 𝐡𝐲𝐩𝐞𝐫𝐛𝐚𝐫𝐢𝐜 𝐨𝐱𝐲𝐠𝐞𝐧 𝐭𝐡𝐞𝐫𝐚𝐩𝐲 𝐝𝐞𝐯𝐢𝐜𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 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.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅:
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𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐜𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬:

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.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐏𝐫𝐨𝐝𝐮𝐜𝐭

Monoplace HBOT Devices
Multiplace HBOT Devices

𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧

Wound Healing
Decompression Sickness
Infection Treatment
Gas Embolism

𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬:

In May 2021, CūtisCare, 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. CūtisCare 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.

𝐏𝐥𝐚𝐜𝐞 𝐚𝐧 𝐎𝐫𝐝𝐞𝐫 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
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𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐢𝐧 𝐈𝐧𝐜𝐢𝐝𝐞𝐧𝐜𝐞 𝐨𝐟 𝐎𝐛𝐞𝐬𝐢𝐭𝐲 𝐚𝐧𝐝 𝐃𝐢𝐚𝐛𝐞𝐭𝐞𝐬: 𝐊𝐞𝐲 𝐃𝐫𝐢𝐯𝐞𝐫

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.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐮𝐝𝐲 𝐏𝐨𝐢𝐧𝐭𝐬:

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.

𝐅𝐮𝐭𝐮𝐫𝐞 𝐎𝐮𝐭𝐥𝐨𝐨𝐤:

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.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐌𝐑:

𝐌𝐢𝐜𝐞 𝐌𝐨𝐝𝐞𝐥 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭- 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

𝐒𝐭𝐢𝐜𝐤 𝐖𝐞𝐥𝐝𝐢𝐧𝐠 𝐄𝐥𝐞𝐜𝐭𝐫𝐨𝐝𝐞 𝐌𝐚𝐫𝐤𝐞𝐭- 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

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

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