The global hyperbaricoxygen therapy devices market is
expected to reach USD 3.91 billion by 2025, according to a new report by Grand
View Research, Inc. Growing inclination of healthcare professionals toward
oxygen therapy, despite a lack of conclusive evidence is one of the key factors
expected to drive the market over the coming few years.
Although the off-label usage of HBOT
devices in various applications such as cancer and brain injury is controversial,
the adoption rate of this technology is surging at a rapid pace. The high
commercial availability of HBOT systems is one of the crucial factors that is
anticipated to drive the market over the forecast period. However, few medical
professionals are still skeptical about the usage of HBOT devices in unapproved
applications, which is expected to impede growth. The technological
advancements in this field such as portable HBOT system and growing awareness
among healthcare professionals regarding the benefits of integrating ICU
systems in multiplace HBOT equipment are some of the key contributors that are
accountable for robust growth rate.
According to few publications, nearly
30,000 HBOT treatments are done on a daily basis globally. Other than the
surging clinical prevalence and rising adoption of hospital setting HBOT
systems, there is a considerable growth in popularity and demand for HBOT
systems in home settings owing to its easy usage. Increasing private &
public investment to expand geographical presence and surging R&D
activities are also some of the factors that are anticipated to boost the
demand.
Browse full report by Grand View
Research : http://www.grandviewresearch.com/industry-analysis/hyperbaric-oxygen-therapy-market
Further Key Findings From the Report Suggest:
·
The global hyperbaric oxygen therapy (HBOT)
market size was estimated at USD 2,210.5 million in 2016 and is expected to
grow at a CAGR of 6.5% from 2017 to 2025
·
Monoplace HBOT Devices segment emerged as
the largest product segment in 2016 and is estimated to generate revenue over
USD 3,008.8 million by 2025
·
Other applications such as acute carbon
monoxide poisoning, chemotherapy-induced hemorrhagic cystitis, and cyanide
poisoning generated revenue of USD 229.1 million in 2016 and is anticipated to
witness fastest growth over the next 8 years
·
The Asia Pacific region is anticipated to
witness lucrative growth over the next decade owing to various developments in
healthcare infrastructure and technological advancements in the medical device
industry across major emerging economies. It is expected to grow at a CAGR of
7.1% over the forecast period.
·
Some of the key players including Fink
Engineering; HAUX-LIFE-SUPPORT; ETC Hyperbaric Chambers (Environmental
Tectonics Corporation); Gulf Coast Hyperbarics, Inc.; IHC Hytech B.V. (Royal
IHC); HEARMEC; Hyperbaric; Sechrist Industries, Inc.; OxyHeal International;
and SOS Group Global Ltd. dominated the global hyperbaric oxygen therapy
devices market.
Browse more reports of this category by Grand View
Research: https://www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the
global hyperbaric oxygen therapy (HBOT) devices market on the basis of product,
application, and region:
HBOT Devices Product Outlook (Revenue, USD Million, 2014
- 2025)
·
Monoplace HBOT Devices
·
Multiplace HBOT Devices
·
Topical HBOT Devices
HBOT Devices Application Outlook (Revenue, USD Million,
2014 - 2025)
·
Wound Healing
·
Decompression Sickness
·
Infection Treatment
·
Gas Embolism
·
Others
HBOT Devices Regional Outlook (Revenue, USD Million, 2014
- 2025)
·
North America
o U.S.
o Canada
·
Europe
o Germany
o UK
·
Asia Pacific
o China
o Japan
·
Latin America
o Brazil
o Mexico
·
Middle East & Africa
o South Africa
View press
release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-hyperbaric-oxygen-therapy-hbot-devices-market
About Grand
View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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