HBOT Devices Role in the Field of Medicine

The global hyperbaric oxygen therapy (HBOT) devices market is progressing at a CAGR of 7.2% between 2014 and 2020. This market was recorded at US$1.85 bn in 2013 and is expected to reach US$2.98 bn by the end of 2020. These are the findings of a research report recently published by Transparency Market Research. The report is titled, “Hyperbaric Oxygen Therapy (HBOT) Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020.” This report sheds light on the major trends that are influencing the market, for it to reach the predicted market value at the end of the forecast period.The report provides a segmented analysis of the global HBOT devices market, under the categories of product types, applications, and geography.

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According to this report, the global hyperbaric oxygen therapy (HBOT) devices market will expand at a marked 7.20% CAGR during the forecasting horizon from 2014 to 2020. In 2013, the global hyperbaric oxygen therapy devices market was worth US$1.8 bn and by 2020, the market is expected to be worth US$2.9 bn.

HBOT provides pure oxygen to affected tissues under a high atmospheric pressure. According to studies, HBOT saturates the circulatory system of a patient with oxygen, resulting in augmented oxygen delivery to the affected tissues. This creates a therapeutic effect in a patient’s body. The global hyperbaric oxygen therapy (HBOT) devices market is driven by the rising prevalence of acute and chronic wounds. Furthermore, the growing incidence of wound site infections will also drive the global hyperbaric oxygen therapy (HBOT) devices market. The growing popularity of leisure adventure activities will also fuel the global hyperbaric oxygen therapy (HBOT) devices market.

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Nevertheless, players in the global hyperbaric oxygen therapy (HBOT) devices market will benefit from the rapidly expanding patient pool in emerging economies. Some of the key players operating in the global hyperbaric oxygen therapy (HBOT) devices market are SOS Medical Group, Sechrist Industries, OxyHeal Health, IHC Hytech, HearMEC, and Fink Engineering.

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