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Hyperbaric Oxygen Therapy (HBOT) Devices Market Significant Market Size | Comprehensive Analysis, Industry Revenue, Forecast till 2020 – 2024

Hyperbaric Oxygen Therapy (HBOT) Devices

Hyperbaric Oxygen Therapy (HBOT) Devices Market” report presents a comprehensive overview, market shares, and growth opportunities of the Hyperbaric Oxygen Therapy (HBOT) Devices market by product type, application, key companies, and key regions. It comprehensively prepared with the main focus on the competitive landscape, geographical growth, segmentation, and market dynamics, including drivers, restraints, and opportunities. It offers a detailed analysis of the competition and leading companies of the global Hyperbaric Oxygen Therapy (HBOT) Devices market. It concentrates on the recent developments, sales, market value, production, gross margin, and other important factors of the business of top players operating in the global Hyperbaric Oxygen Therapy (HBOT) Devices market.

Market Overview:

  • The hyperbaric oxygen therapy (HBOT) devices market is majorly driven by the rising prevalence of acute and chronic wounds, widening the application of HBOT devices in cosmetic procedures and wound healing, and technological advancements.
  • HBOT devices are used in chronic problem wounds caused by diabetes, venous or arterial insufficiency, crush injuries, and wounds/tissue damage caused by the late effects of radiation therapy. The chronic wounds impose a significant burden on the individual, the healthcare system, and the society as a whole. According to the estimates of the National Health Services (NHS), 1.5% of the UK population is estimated to have a leg ulcer. Furthermore, as per the NHS Benchmarking 2016 annual audit, approximately 39% of a district nursing service workload is attributed to wound care. The annual cost of managing wounds in the NHS and associated comorbidities has been estimated to be EUR 5.3 billion, which is more than what is on par with the obesity treatment costs, according to the study published in 2017 by Guest J, Venous Leg Ulcer Management in Clinical Practice in the UK: Costs and Outcomes. Thus, the rising incidences and prevalence of acute and chronic wounds are expected to drive the growth of the hyperbaric oxygen therapy (HBOT) devices market over the forecast period.

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    Scope of the Report:

    As per the scope of this report, the term hyperbaric oxygen therapy implicates breathing oxygen in pressurized chambers, where the atmospheric pressure is thrice higher than normal, thus, allowing the lungs to absorb three times more oxygen than in normal air pressure. Hyperbaric oxygen therapy augments the quantity of oxygen, which may improve vital tissue function in recovery from injuries and fight infection.

    Top Manufacturers Are:

  • Environmental Tectonics Corporation
  • Fink Engineering
  • Gulf Coast Hyperbarics Inc.
  • HAUX
  • LIFE
  • SUPPORT GmbH
  • Hearmec Co. Ltd
  • Hyperbaric SAC
  • IHC Hytech BV
  • HYPERBARIC MODULAR SYSTEMS INC. (HMS)
  • Sechrist Industries Inc.
  • SOS Medical Group Ltd

    Key Market Trends:

    Monoplace HBOT is the Segment Under Application that is Expected to Grow Fastest During the Forecast Period

    The monoplace HBOT segment held a maximum share in 2018, due to factors, like commercial availability of monoplace systems and high adoption of such devices, due to ease of handling and less requirement of hospital gas supply. The market is majorly dominated by few products, such as BARA-MEDXD, BARA-MED, BARA-MED Select by ETC Hyperbaric Chambers (Environmental Tectonics Corporation); PAH-S1 Hyperbaric Chamber & PAH-S1-3800 Hyperbaric Chamber by Pan-America Hyperbarics Inc.

    The monoplace HBOT devices segment is expected to register a high growth rate during the forecast period, due to the rising demand for monoplace systems in hospitals and clinics, due to their higher availability in the market, along with ease in installation.

    North American Region Holds the Largest Share of the Market Currently and is Believed to Follow the Same Trend over the Forecast Period

    The North American region is expected to dominate the market, owing to factors, such as rising disposable income, increasing population, and the rising need for wound healing treatment, which have impelled the demand for HBOT in the region. According to the National Institutes of Health, human skin wound is a significant indirect threat to the economy, as the government takes responsibility for the treatment of the public. This has led the government to invest huge amounts of money toward developing effective treatment methods. Research in the United States has revealed that the incidence of non-healing cutaneous wounds is about 5 to 7 million per year, in the country. The relative spending for these wounds is about USD 25 billion. The cost burden to the US healthcare system has been so severe that the medical services and centers for medical care have made amendments to the reimbursement policy for wound care, providing economic incentives for hospitals, in order to improve and reduce costs. All of the aforementioned factors are expected to propel the growth of the hyperbaric oxygen therapy (HBOT) devices market.

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    What Hyperbaric Oxygen Therapy (HBOT) Devices Market Research Offers:

    • Hyperbaric Oxygen Therapy (HBOT) Devices market gives evaluations for the regional level analysis with Production, Sales, Consumption, Imports, and Exports
    • Hyperbaric Oxygen Therapy (HBOT) Devices market forecasts for a minimum of 5 years of all the mentioned segments
    • Supply chain trends mapping the latest industrial advancements
    • Global Hyperbaric Oxygen Therapy (HBOT) Devices industry shares drivers, constraints, opportunities, threats, challenges, investment opportunities
    • Calculated for the new entrants in the Hyperbaric Oxygen Therapy (HBOT) Devices market
    • Manufacturing process, suppliers, price, production and consumption analysis, mode of transport and cost analysis, industry chain analysis
    • Hyperbaric Oxygen Therapy (HBOT) Devices market provides manufacturers with basic information, product category, sales revenue, price, and gross margin
    • Provide Company profiling with detailed strategies, financials, and recent developments

    And many more…

    Detailed TOC of Hyperbaric Oxygen Therapy (HBOT) Devices Market – Segmented by Geography – Growth, Trend, and Forecast:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 Rising Prevalence of Acute and Chronic Wounds
    4.2.2 Widening Application of HBOT Devices in Cosmetic Procedures and Wound Healing
    4.2.3 Technological Advancements
    4.3 Market Restraints
    4.3.1 High Cost of Hyperbaric Oxygen Therapy
    4.3.2 Widening Gap Between Off-label Uses and FDA-approved Uses
    4.4 Porter’s Five Forces Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 Application
    5.1.1 Decompression Sickness
    5.1.2 Diabetic Foot Ulcers
    5.1.3 Gas Embolism
    5.1.4 Infection Treatment
    5.1.5 Wound Healing
    5.1.6 Other Applications
    5.2 Product Type
    5.2.1 Monoplace HBOT Devices
    5.2.2 Multiplace HBOT Devices
    5.2.3 Topical HBOT Devices
    5.3 Geography
    5.3.1 North America
    5.3.1.1 United States
    5.3.1.2 Canada
    5.3.1.3 Mexico
    5.3.2 Europe
    5.3.2.1 Germany
    5.3.2.2 United Kingdom
    5.3.2.3 France
    5.3.2.4 Italy
    5.3.2.5 Spain
    5.3.2.6 Rest of Europe
    5.3.3 Asia-Pacific
    5.3.3.1 China
    5.3.3.2 Japan
    5.3.3.3 India
    5.3.3.4 Australia
    5.3.3.5 South Korea
    5.3.3.6 Rest of Asia-Pacific
    5.3.4 Middle East & Africa
    5.3.4.1 GCC
    5.3.4.2 South Africa
    5.3.4.3 Rest of Middle East & Africa
    5.3.5 South America
    5.3.5.1 Brazil
    5.3.5.2 Argentina
    5.3.5.3 Rest of South America

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Environmental Tectonics Corporation
    6.1.2 Fink Engineering
    6.1.3 Gulf Coast Hyperbarics Inc.
    6.1.4 HAUX-LIFE-SUPPORT GmbH
    6.1.5 Hearmec Co. Ltd
    6.1.6 Hyperbaric SAC
    6.1.7 IHC Hytech BV
    6.1.8 HYPERBARIC MODULAR SYSTEMS INC. (HMS)
    6.1.9 Sechrist Industries Inc.
    6.1.10 SOS Medical Group Ltd

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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