Global Hyperbaric Oxygen Therapy Device Market Outlook 2018-2023

The global hyperbaric oxygen therapy device market is expected to display higher growth rate over the next five years. Rapid surge in market of hyperbaric oxygen therapy device is credited to the increasing acceptance rate for hyperbaric oxygen therapy (HBOT) technique across the globe. Increasing preference towards hyperbaric oxygen therapy (HBOT) technique by healthcare professional and clinicians is expected to drive the growth of market over the forecast period. However, lack of conclusive evidence to showcase effectiveness of hyperbaric oxygen therapy device is forecasted to restrain market growth to a certain extent.

Increasing use of the off-label HBOT devices in different applications including cancer and brain injury has raised few eyebrows over the past few years. However, increasing adoption rate of this technology for cancer and brain injuries is surging at a rapid pace. Increasing product penetration in global market is the key trend associated with hyperbaric oxygen therapy device market. Globally, market is predicted to generate massive revenue over the next seven years, providing numerous opportunities for industry participants to invest in research and development of hyperbaric oxygen therapy devices.

Although, several medical professionals are critical regarding the usage of HBOT devices, thereby hampering market progress to some extent. Hyperbaric oxygen therapy device market are segregated based on type product such as monoplace HBOT Devices, multi-place HBOT devices and topical HBOT devices. Hyperbaric oxygen therapy device are also used for application including acute carbon monoxide poisoning, chemotherapy-induced hemorrhagic cystitis, and cyanide poisoning.

The hyperbaric oxygen therapy device market is broadly categorized into four major segments based on the application type such as wound healing, decompression sickness, infection treatment and gas embolism. Wound healing application segment is growing rapidly in the market with substantial revenue generation in the last few years. Growing popularity of hyperbaric oxygen therapy devices in wound healing application segment is attributed to the higher approval rate for hyperbaric oxygen therapies and increasing product penetration. 

The hyperbaric oxygen therapy device market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in implementation of latest technologies in pharmaceutical & medicine sector, surge in number of research & development activities and existence of well-established healthcare infrastructure in the region. In European region, Germany, France, and United Kingdom are projected to witness steady growth. 

Asia-Pacific region is estimated to hold a major share in the market with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth, increasing acceptance rate for hyperbaric oxygen therapy technique, improved healthcare facilities, and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the hyperbaric oxygen therapy device market are Fink Engineering, Inc., Haux-Life-Support GmbH, ETC Hyperbaric Chambers Corp., Gulf Coast Hyperbarics, Inc., IHC Hytech B.V., Hearmec Co., Ltd., Hyperbaric Technologies Pvt., Ltd., Sechrist Hyperbaric‎, Inc., OxyHeal International, Inc., and SOS Group Global Ltd.

Global Market for hyperbaric oxygen therapy device to 2023 offers detailed coverage of hyperbaric oxygen therapy device industry and presents main market trends. The market research gives historical and forecast market size, demand and production forecasts, end-use demand details, price trends, and company shares of the leading hyperbaric oxygen therapy device producers to provide exhaustive coverage of the hyperbaric oxygen therapy device.

Report contents include
- Analysis of the hyperbaric oxygen therapy device market including revenues, future growth, market outlook
- Historical data and forecast
- Regional analysis including growth estimates
- Analyzes the end user markets including growth estimates.
- Profiles on hyperbaric oxygen therapy device including products, sales/revenues, and market position
- Market structure, market drivers and restraints.

Key regions
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America

Key Vendors
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