Global Hyperbaric Oxygen Therapy Devices Market Expected to Generate Huge Profit by 2017 - 2025

A latest research report titled as ” Hyperbaric Oxygen Therapy Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025” has been recently added to the vast portfolio of Market Research Reports Search Engine (MRRSE) online research offerings. This report is a professional and in-depth analysis on the present state and future prospect for the global market. It provides valuable information to the industry insiders, potential entrants or investors. It includes an exhaustive enquiry with the reliability of logic and the comprehensiveness of contents.

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Presence of a copious number of small vendors has made the global hyperbaric oxygen therapy devices market fragmented in nature. However, there are few dominant players too that have a stronghold over the market. In order to surge ahead of competitors, savvy players in the global hyperbaric oxygen therapy devices market are seen leveraging a multi-pronged strategy. First, they are pouring money into research and development of improved new products. Second, they are striking carefully-considered partnerships to enhance their product portfolios. Third, they are trying to expand their geographical footprints by tapping into the relatively underserved markets in the developing nations.

A range of hyperbaric oxygen chambers of various designs and sizes combined with increasing knowledge the quicker, smoother healing process, is primarily responsible for this market’s steady growth rate. Besides, the large pool of global elderly population, rising occurrence of acute and chronic wounds, and the increase in diabetic foot ulcers and pressure cases is also stoking demand in the global market for hyperbaric oxygen therapy devices.

A report by Market Research Reports Search Engine (MRRSE) predicts the global hyperbaric oxygen therapy devices market to register a CAGR of 7.4% from 2017 to 2025 to become worth US$284.8 mn by 2025 from US$ 150.0 mn in 2016.

Monoplace HBOT Devices See Maximum Demand Due to their Affordability

The two main types of hyperbaric oxygen therapy devices purveyed in the market are monoplace HBOT devices and multiplace HBOT device, depending upon whether it is for one person or for many. Depending upon the type of product, the monoplace HBOT devices leads the market. It 2016, its leading share came to around 60.1% of the overall market. Their affordable cost compared to multiplace chambers has served to boost their uptake so far. Further, constant improvement in their technology that speeds up the healing process even more is also bringing about sales. In Europe, however, strict rules pertaining to the use of monolpace HBOT devices for medical purpose is pushing up demand for multiplace HBOT devices.

Hyperbaric oxygen therapy devices find application in wound healing, infection treatment, decompression sickness, gas embolism, etc. Of these, the segment of wound healing contributes the most to the market because of the widespread use of monoplace HBOT chambers in developed countries of the U.S., Canada and Japan and also in developing countries of China, Saudi Arabia, and Brazil.

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Powered by U.S., North America Leads the Market

From a geographical standpoint, currently North America runs the show in the global hyperbaric oxygen therapy devices market. In 2016, the region held 32.1% share in the global market. Increasing occurrence of head injuries is said to be driving growth in the region. The U.S. is a major contributor to the market on account of the robust reimbursement system in the country.

Europe trails North America, in terms of market share, in the global hyperbaric oxygen therapy market. The revenue in the region is slated to become US$62.2 mn by 2025. Vis-à-vis growth rate, on the other hand, Asia Pacific is projected to outpace all other regions as it is home to over half the population in the world, which also makes the prevalence of diabetes much higher in the region. Besides, an improving medical infrastructure and foray of international players is also boosting the market in the region.

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