Rising Demand in Wound Healing Spurs Innovation in Hyperbaric Oxygen Therapy Devices, Market to Reach US$2.98 bn by 2020
On the basis of products, the report divides the global hyperbaric oxygen therapy devices market into monoplace HBOT devices, multiplace HBOT devices, and topical HBOT devices. In 2013, this market was led by monoplace HBOT devices, which generated more than US$900 mn at the time. Monoplace HBOT devices are highly sought after due to their high adoption rates coupled with high availability. Additionally, this segment is expected to show the fastest growth rate in the given forecast period, owing to the ease with which monoplace devices can be obtained and installed.
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The report creates segments of the global hyperbaric oxygen therapy devices market, according to applications, as gas embolism, infection treatment, decompression sickness, wound healing, and others. Wound healing was the strongest segment in this market for 2013. The report’s authors say that this segment will continue leading the global hyperbaric oxygen therapy devices market for the given forecast period, as it is expanding at the fastest CAGR of 7.9% within it. This is attributed to the largely positive effects that HBOT can have on those suffering from wounds and injuries linked to diabetes.
The geographical analysis given in the report can be best understood through a segmented view, by dividing the global hyperbaric oxygen therapy devices market into the major parts of Asia Pacific, Europe, North America, and the Rest of the World. North America was the dominant region in 2013, owing to a high adoption of the therapy in wound treatment and other infections. On the other hand, the Asia Pacific region is expected to consistently display the fastest growth rate in this market for the given forecast period, owing to a high population density, a growing prevalence of medical complications of diabetes, and a rapidly developing healthcare infrastructure.
The key players in the global hyperbaric oxygen therapy devices market, as stated in the report, are Hyperbaric SAC, Hearmec Co., Ltd., Haux-Life-Support GmbH, Gulf Coast Hyperbaric, Inc., Fink Engineering Pty Ltd., SOS Medical Group Ltd., IHC Hytech B.V., ETC Biomedical System, OxyHeal Health Group, and Sechrist Industries, Inc.
Key segments of the Global Hyperbaric Oxygen Therapy (HBOT) Devices Market
Global Hyperbaric Oxygen Therapy Devices Market, by Type of Products
Monoplace HBOT Devices
Multiplace HBOT Devices
Topical HBOT Devices
Global Hyperbaric Oxygen Therapy Devices Market, by Application
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