Under high atmospheric pressures, hyperbaric oxygen therapy (HBOT) devices give 100 % pure oxygen to the tissues throughout the body. HBOT raises the pressure to 3 times that of standard atmospheric pressure, resulting in high partial pressure of oxygen. One atmosphere absolute is around 14.7 pounds for each square inch of pressure under normal conditions, and the air everybody typically breathes is comprised of 79% nitrogen and 21% oxygen. When the body is subjected to a rise in atmospheric pressure while breathing in 100 % oxygen, the molecules of oxygen get condensed, allowing absorption of a high quantity of partial pressure of oxygen, wherein oxygen mixes in plasma at 10 – 15 times more than standard. This oxygen super-saturation in the body’s tissues stimulates capillary formation, new tissue formation, oxygen tension in hypoxic areas, white blood cell activity, a decrease in the gas bubbles size, and other effects of physiology.
The global hyperbaric oxygen treatment devices market in 2018 was worth US$ 2255.3 Mn, and it is expected to registering 6.6 % CAGR during the forecast period 2019 and 2027.
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Increasing use of hyperbaric oxygen therapy devices at hospitals is expected to drive the global hyperbaric oxygen therapy devices market growth over the forecast period.
The global hyperbaric oxygen therapy devices market is expected to expand significantly as hospitals widely use hyperbaric systems. For instance, Vereen Rehabilitation Center added hyperbaric oxygen therapy to its range of wound care therapies in February 2019. The treatment is offered in partnership with Precision Health Care, a wound healing and hyperbaric medicine organization and it makes wound healing and hyperbaric clinics.
The global hyperbaric oxygen therapy devices market is expected to grow significantly due to increased product approvals and medical certifications. For instance, AHA Hyperbarics GmbH in November 2019 introduced the AHA Flex V2 hyperbaric system in the MEDICA show in Germany. Furthermore, the company obtained a CE certificate from TÜV SÜD Product Services GmbH, the Certification Body in October 2019 for their hyperbaric system designed for hyperbaric oxygen therapy.
Furthermore, chronic wound management is raising the demand for these therapies, which is expected to fuel the global hyperbaric oxygen therapy devices market growth over the forecast period. For instance, recent research released online ‘Value in Health’ journal in October 2017 by the International Society for Pharmacoeconomics and Outcomes Research (ISPOR) illustrates the commercial impact of chronic non-healing injuries in Medicare recipients, stating that chronic injuries affect around 15% of Medicare beneficiaries or 8.2 million people in the U.S. Moreover, according to the same source, traditional estimations for overall Medicare yearly cost for all types of wounds in the U.S. in 2018 varied to US$ 31.7 billion from US$ 28.1 billion.
In 2018 North America is expected to account for the largest share in the global hyperbaric oxygen therapy devices market, due to the large number of diabetic patients in the region who are sensitive to non-healing wounds or foot ulcers. According to the Centers for Disease Control and Prevention (CDCP), 23.6 million individuals in the U.S. had diabetes in 2016, accounting for 7.8 % of the overall population. Lower extremity wounds affected one-third of the diabetes population in the U.S.
Furthermore, according to Diabetes UK data, the incidence of diabetic foot ulcers amongst the diabetes population was around 2.5 % in 2015, which amounted to 86,000 individuals in the U.K. Furthermore, in the U.K., foot problems are the most common cause of hospitalization. Such factors are expected to fuel the European hyperbaric oxygen therapy devices market growth over the forecast period.
Moreover, the rising incidence of diabetes cases in India and China is expected to drive the hyperbaric oxygen therapy devices market growth in the Asia Pacific region over the forecast period. For instance, According to World Health Organization (WHO), by 2030 the number of diabetic patients in China and India is expected to exceed 42.3 million and 79.4 million, respectively.
Some of the key players in the global hyperbaric oxygen therapy devices market are Hearmec Co., Ltd., SOS Medical Group Limited, GWR Medical, Inc., Haux-Life-Support GmbH, Premier Hyperbarics, IHC Hytech B.V., Fink Engineering Pty Ltd., Hyperbaric Modular Systems, Inc., Gulf Coast Hyperbarics, Sechrist Industries, Inc., and ETC BioMedical Systems.
Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Application
- Market Snippet, By End User
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Market Trends
- Regulatory Scenario
- Reimbursement Scenario
- PEST Analysis
- PORTER’s Analysis
- Recent Product Launch
- Merger and Acquisition Scenario
- Market Dynamics
- Global Hyperbaric Oxygen Therapy (HBOT) Devices Market, By Product Type, 2016 – 2027, (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- Monoplace HBOT Devices
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Multiplace HBOT Devices
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Topical HBOT Devices
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Introduction
- Global Hyperbaric Oxygen Therapy (HBOT) Devices Market, By Application, 2016 – 2027, (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- Wound Healing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Decompression Sickness
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Infection
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Gas Embolism
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Introduction
- Global Hyperbaric Oxygen Therapy (HBOT) Devices Market, By End User, 2016 – 2027, (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- Hospital and Clinics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Ambulatory Surgery Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Introduction
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