Global Hyperbaric Oxygen Therapy Market Trends, Size, Share, Forecast - 2019-2025
Hyperbaric oxygen therapy market is expected to grow at a significant rate during the forecast period 2019-2025. Hyperbaric oxygen therapy is a treatment procedure in which the inspired oxygen is given at a considerably increased atmospheric pressure. In most of the cases, the HBOT is provided as an adjunct to pharmacologic or surgical interventions; however, in other cases, it represents the primary treatment modality. The increasing prevalence of acute and chronic diseases such as diabetes and skin infections have increased the adoption rate of artificial therapies in healing after-effects of cosmetic surgeries. According to the Centers for Disease Control and Prevention (CDC) in 2017, there were over 30 million people with diabetes in the US. With the HBOT, the amount of oxygen in the patient’s blood is increased which supports in the growth of vessels, which is crucial for diabetics. This, in turn, increase the growth of hyperbaric oxygen therapy market. The growing popularity of adventure activities has considerably increased the incidence rate of wounds and injuries, owing to which, the physiotherapists recommend HBOT for severe wounds. Moreover, the FDA approvals for the therapy equipment in the treatment of gas embolism and diabetes-related disorders such as diabetic foot ulcers are further anticipated to fuel the growth of the market in the near future.
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The global hyperbaric oxygen therapy market is further analyzed on the basis geographical regions, including North America, Europe, Asia-Pacific, and Rest of the World. North America held a dominant position in the global HBOT market in 2018. The region has well-developed healthcare infrastructure with significant government investment in improving the healthcare facilities for the mass. Moreover, a rise in the predominance of chronic diseases and disorders such as diabetes and skin infections further contribute to its growth. Asia-Pacific is estimated to witness the fastest growth in the global HBOT market during the forecast period. This is attributed to the rise in healthcare spending and easy accessibility to advanced healthcare facilities in the region.
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Global HBOT Market Segmentation
By Product Type
Monoplace HBOT Devices
Topical HBOT Devices
Multiplace HBOT Devices
By Application
Wound Healing
Decompression Sickness
Infection Treatment
Gas Embolism
Others (Anemia and Gangrene)
Regional Analysis
North America
United States
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Company Profiles
Amron International, Inc.
Barox HBO
Comex SA
Environmental Tectonics Corp.
Fink Engineering Pty Ltd.
Gaumond Medical Group Inc.
Gulf Coast Hyperbarics, Inc
HAUX-LIFE-SUPPORT GmbH
Hearmec Co., Ltd.
Hyperbaric SAC
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