This industry research report segments the global hyperbaric oxygen therapy devices market by product type (monoplace hyperbaric oxygen therapy devices and multiplace hyperbaric oxygen therapy devices), by application (wound healing, infection treatment, gas embolism, decompression sickness, and others), and by geography (EMEA, APAC, and the Americas). The report also provides an overview of the key trends and leading vendors in the market, including ETC BioMedical Systems, Fink Engineering, Gulf Coast Hyperbarics, OxyHeal, and Perry Baromedical.
Technavio has released updated information on the therapy devices market, with the publication of its new report global hyperbaric oxygen therapy devices market. The global hyperbaric oxygen therapy devices market is expected to grow at a CAGR of around 7% between 2015 and 2019, owing to the widespread availability of hyperbaric oxygen chambers in different sizes and designs.
The Americas dominates the global market over all the other geographies due to the pervasive availability of multiple hyperbaric oxygen therapy centers in the US. Recent increase in the number of people suffering from diabetes is expected to augment the market growth in this region, resulting in its high market share of almost 54% by the end of 2019.
Hyperbaric oxygen therapy is a painless, safe, and non-invasive treatment alternative that involves the 100% oxygen usage to treat several acute and chronic diseases. This therapy specifically acts on cell DNA, thereby effectively curing damaged tissues. It has become an integral part of nursing depression, spinal cord injuries, migraines, cerebral palsy, and stroke. Monoplace hyperbaric oxygen therapy devices form a major part of the market covering 79% of the market, owing to high patient safety, less usage of oxygen, their availability at reasonable costs, and easy installations.
Global monoplace hyperbaric oxygen therapy devices market 2014-2019 ($ millions)
Source: Technavio Research
“Various innovative hyperbaric oxygen therapy devices are becoming available in the market like modern imaging technologies. These technologies include magnetic resonance imaging, single-photon emission computed tomography, and positron emission tomography. These advanced imaging techniques help physicians to understand the working of hyperbaric oxygenation and its final output in treatments. For instance, the rapid recovery hyperbaric medical clinic, Hyperbaric Oxygen Clinic of Sacramento; life-source hyperbaric oxygen therapy clinic, Harch Hyperbarics; and Pittsburgh Hyperbaric Institute use imaging techniques to provide efficient hyperbaric oxygen therapies,” says Imran Mushtaq, Lead Analyst, Healthcare, Technavio Research.
The key vendors in global hyperbaric oxygen therapy devices market are ETC BioMedical Systems, Fink Engineering, Gulf Coast Hyperbarics, OxyHeal, and Perry Baromedical. The market is highly oligopolistic in nature with only a few vendors supplying hyperbaric oxygen therapy devices to hospitals, physician clinics, and hyperbaric oxygen therapy centres. Local and domestic vendors in focus on the manufacture and distribution of hyperbaric chambers to hospitals, hyperbaric oxygen therapy centres, and private clinics.
This market study report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. There are many key drivers, challenges, and opportunities that are discussed in detail.
A more detailed analysis is available in the Technavio report, Global Hyperbaric Oxygen Therapy Devices Market: Industry Analysis 2015-2019.
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