hyperbaric oxygen therapy (hbot) devices market
DESCRIPTION
The study segments Hyperbaric Oxygen Therapy (HBOT) Devices industry in light of major classification such as product type, potential markets, application, and end-user.TRANSCRIPT
Hyperbaric Oxygen Therapy (HBOT)
Devices/Equipment Market To Reach
USD 480.2 Million By 2026
Rise in the technological advancement and development of healthcare infrastructure are the factors driving the growth of the hyperbaric oxygen therapy (HBOT) devices/equipment market.
Market Size – USD 170 million in 2018, Market Growth - CAGR of 13.6%, Market Trends – Increase in the technological advancement of the healthcare infrastructure.
According to the recent analysis of Reports and Data, the global hyperbaric oxygen therapy market is expected to reach USD 480.2 million by the year 2026, in terms of value at a CAGR of 13.6%. Rising incidence of infections and serious injury are driving the hyperbaric oxygen therapy (HBOT) devices/equipment market.
Hyperbaric oxygen therapy has various applications such as crush injuries, thermal burn injuries, intracranial abscess, severe anemia and others. The adoption rate of this technology is rapidly increasing due to the amount of high income populations around the globe. The high commercial availability of hyperbaric oxygen therapy systems is one of the main factors that is driving the market over the forecast period. However, few medical professionals are still not convinced about the usage of hyperbaric oxygen therapy devices which is expected to impede growth of the hyperbaric oxygen therapy market. The technological advancements in portable HBOT system and growing awareness among healthcare professionals with the benefits of the multiplace HBOT equipment are some of the key factors driving the growth of the hyperbaric oxygen therapy market.
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Market Summary
Further key findings from the report suggest• The Asia Pacific region is anticipated to have a huge rise in the growth over the next decade
owing to various developments in healthcare infrastructure and also have huge technological advancements in the medical device industry across major emerging economies. It is expected to grow at a CAGR of 14.2% over the forecast period.
• Hyperbaric oxygen chambers were the most extensive product segment with a significant market share in 2018.
• By application, Carbon monoxide poisoning segment is expected to witness substantial growth during the forecast period.
• The hyperbaric oxygen therapy (HBOT) market size was estimated at USD 170 million in 2018 and is expected to grow at a CAGR of 13.6% from 2019 to 2026
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Market Summary
Key Players: ETC Biomedical Systems, Sechrist Industries, Inc., OxyHeal International, Inc., Perry Baromedical Corporation, Hyperbaric SAC, Fink Engineering Pty. Ltd., HAUX-LIFE-SUPPORT GmbH, Hearmec Co., Ltd., IHC Hytech B.V. and Gulf Coast Hyperbarics, Inc.Segmentation:For the purpose of this report, Reports and Data has segmented the global hyperbaric oxygen therapy (HBOT) devices/equipment market on the basis of product, application, end user, and region.By Product (Revenue, USD Million; 2016–2026)• Hyperbaric Oxygen Chambers• Chamber Accessories• Consumables• Other products
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Market Summary
By Application (Revenue, USD Million; 2016–2026)• Injuries• Infections• Insufficiencies• Carbon Monoxide Poisoning• Other ApplicationsBy End User (Revenue, USD Million; 2016–2026)• Hospitals• Ambulatory Care Centers• Outpatient Clinics• Standalone Hyperbaric Treatment Centers• Other End UsersRegional Outlook (Revenue in USD Million; 2018–2026)• North America• Europe• Asia Pacific• Middle East & Africa• Latin America
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The report emphasizes the following key questions:
Q.1.What are the most lucrative and promising growth prospects for the market?
Q.2.Which sectors are expected to deliver a high growth rate and which industry aspects come into play in this advancement?
Q.3.Which geographies are estimated to exhibit the highest growth and the underlying causes?
Q.4.Which factors are impacting the future of the market and what are the driving factors?
Q.5.What are the hurdles and challenges curtailing the industry’s growth in the forecast period?
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