Hyperbaric Oxygen Therapy Devices Market Insights on Trends and Growth Forecast by 2031
ESOMAR-certified consulting firm Future Market Insights (FMI) has recently published a report on the global Hyperbaric Oxygen Therapy Devices (HBOT) market for the forecast period of 2021-2031. According to the report, the market is expected to flourish, rising at a CAGR of 9% during the assessment period.
According to Undersea and Hyperbaric Medical Society,
hyperbaric oxygen therapy devices work in alliance with maximal goal-directed
critical care therapy, antibiotic therapy, and surgical debridement.
Rising demand for necrotizing soft tissue infections is
fuelling the demand for hyperbaric oxygen therapy devices in global market. Key
players are focusing on producing cheaper products so that it can be available
in remote corners of the world.
Cases of diabetes and ischemic stroke are rising. According
to the World Health Organization (WHO), almost 422 million people are suffering
from diabetes globally and diabetes can cause numerous ailments. The rising
cases of chronic ailments will continue fuelling demand in the market.
Hyperbaric oxygen therapy devices can be helpful for
treating COVID-19 patients with effective oxygenation during pandemic. This is
one of the key factors driving sales amid pandemic outbreak.
Key Takeaways from FMI's Hyperbaric Oxygen
Therapy Devices Market Study
- Wound
healing and gas embolism applications will account for maximum hyperbaric
oxygen therapy devices sales as rapid healing requires surplus of oxygen.
- Demand
for monoplace hyperbaric oxygen therapy devices is expected to stay high
owing to its easy availability and installation.
- Hyperbaric
oxygen therapy devices market will flourish in the U.S. as the device work
to treat necrotizing soft tissue infection. According to Centers for
Disease Control and Prevention (CDC), mortality rate in the U.S. due to
necrotizing soft tissue infections vary from 24% to 34%, hence bolstering
the demand in this region.
- Russia will
exhibit surge in demand due to rapid advancement in healthcare system
advancement.
"Rising government expenditure in healthcare
and medical facility across the globe is encouraging demand for hyperbaric
oxygen therapy devices market," says a FMI analyst.
Who is Winning?
Some of the key players operating in the global hyperbaric
oxygen therapy devices market are ETC BioMedical Systems, Fink Engineering Pty,
Ltd., Gulf Coast Hyperbarics, Inc., HAUX-LIFE-SUPPORT GmbH, Hearmec Co., Ltd.,
Hyperbaric SAC, IHC Hytech B.V., OxyHeal Health Group, Sechrist Industries,
Inc., and SOS Medical Group, Ltd.
Leading hyperbaric oxygen device manufacturers are
investing in launching cheaper and modern medical devices to cater to a larger
consumer base. Players are also focusing on mergers and acquisition to form an
alliance with regional manufacturers and strengthen supply chain.
In 2020, Perry Baromedical Corporation acquired
Environmental Tectonics Corporation (ETC) Biomedical system's hyperbaric
division. This acquisition aided Perry Biomedical Corporation in enhancing the
U.S. base and penetrating Asian Pacific Markets.
More Insights on the Global Hyperbaric Oxygen
Therapy Devices Market
In the latest study, Future Market Insights gives a
detailed insight on the global hyperbaric oxygen therapy devices market,
providing historical data for the period from 2016 to 2020 and forecast
statistics for the period of 2021-2031. To understand the global market
potential, its growth, and scope, the market is segmented on the basis of:
Product
- Mono-place
HBOT devices
- Multi-place
HBOT devices
- Topical
HBOT devices
Application
- Wound
healing
- Decompression
sickness
- Infections
- Gas
embolism
- Others
Key Questions Covered in the Report
- The
report presents insights into hyperbaric oxygen therapy devices demand
outlook for 2021-2031
- Factors
enabling hyperbaric oxygen therapy devices sales
across India between 2021 and 2031 are carefully analyzed
- Hyperbaric
oxygen therapy devices market survey also identifies key factors impacting
growth trajectory during the assessment period
- The
report offers evaluation of hyperbaric oxygen therapy devices market size
and forecast and technological advancements within the industry
- Hyperbaric oxygen therapy devices
market share analysis, covering key companies within the industry and
coverage of strategies such as mergers & acquisitions, joint ventures,
collaborations or partnerships, and others
Browse More Details@ https://www.futuremarketinsights.com/reports/hyperbaric-oxygen-therapy-devices-market
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