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Hyperbaric Oxygen Therapy Devices Market Size Worth USD 3.9 Billion | 6.6% CAGR By 2027, Owing to Rising Incidence of Diabetic Foot Ulcer and Other Conditions

February 5th, 2020 Coherent Market Insights Releases

According to Coherent Market Insights, the global hyperbaric oxygen therapy devices market was valued at US$ 2,255.3 million in 2018 and is expected to exhibit a CAGR of 6.6% over the forecast period (2019-2027).

Key Trends and Analysis of the Hyperbaric Oxygen Therapy Devices Market:

Key trends in the market are rising prevalence of severe anemia, arterial gas embolism, diabetes, asthma and burns, increasing usage of hyperbaric oxygen therapy in healing wounds, cosmetic procedures, and increasing adoption of growth strategies such as acquisitions, collaborations, and product launch by market players.

An increasing number of diabetic patients prone to wound healing problems or non-healing diabetic foot ulcers is expected to drive growth of hyperbaric oxygen therapy devices market during the forecast period. For instance, according to an article published in the National Center for Biotechnology Information, March 2017, stated that diabetic foot ulcers are the most common complication in diabetic patients with an annual incidence rate of 6.3% globally. Moreover, the life time risk of foot ulcers in diabetic patients is around 19% to 34%.

Request FREE Sample Report Hyperbaric Oxygen Therapy (HBOT) Devices Market @ https://www.coherentmarketinsights.com/insight/request-pdf/553

Adoption of hyperbaric oxygen therapy devices by hospitals to offer advanced and fast treatments in wound healing is expected to drive the market growth. For instance, in April 2018, Amandeep Hospital in India, announced the adoption of hyperbaric oxygen therapy for improving the wound healing in the diabetic foot, and non-healing wounds.

Furthermore, increasing acquisitions and partnership agreements by players are expected to propel the market growth over the forecast period. For instance, in October 2019, Hyperbaric Medical Solutions announced the acquisition of Sun Hyperbarics, a Florida-based hyperbaric oxygen therapy (HBOT) clinic, which expanded Hyperbaric’s offering to the consumer base in Florida.

To know the latest trends and insights prevalent in this Market Press Release, click the link below: https://www.coherentmarketinsights.com/press-release/hyperbaric-oxygen-therapy-devices-market-2784

Key Market Takeaways:

  • The hyperbaric oxygen therapy devices market is expected to exhibit a CAGR of 6.6% during the forecast period (2019 -2027) due to increasing prevalence of severe anemia, arterial gas embolism, diabetes, asthma and burns, increasing usage of hyperbaric oxygen therapy in healing of wound and cosmetic procedure and increasing adoption of growth strategies such as acquisitions, collaborations, product launch by market players. According to the World Health Organization’s (WHO) 2018 data, an estimated 1,000,000 people in India suffer from moderate or severe burns every year.
  • Key players are focused on adopting growth strategies such as facility expansion, and collaborations and acquisitions to enhance their presence in potential markets, which, in turn, is expected to propel the market growth over the forecast period. For instance, in 2018, Unique Group announced the launch of a next-generation hyperbaric oxygen treatment (HBOT) chamber named Uni-Heal 2200 Hyperbaric Oxygen Treatment Facility.
  • Key players operating in the global hyperbaric oxygen therapy devices market include Fink Engineering Pty Ltd., Gulf Coast Hyperbarics, Inc., SOS Medical Group Ltd., IHC Hytech B.V., ETC BioMedical Systems, Haux-Life-Support GmbH, Sechrist Industries, Inc., GWR Medical, Inc., Hyperbaric Modular Systems, Inc., Hearmec Co., Ltd., and Premier Hyperbarics.

Purchase this Report @ Price 4500 USD for Single-User License: https://www.coherentmarketinsights.com/insight/buy-now/553

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:

Name: Mr. Raj Shah
Phone: US +12067016702 / UK +4402081334027
Email: sales@coherentmarketinsights.com
Visit Blog: https://globalindustryresearchblog.wordpress.com/

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