Market outlook of the global hyperbaric oxygen therapy devices market
The hyperbaric oxygen therapy is a non-invasive technique that is used to increase the rate of healing of damaged tissues. This technique involves the delivery of pure oxygen to the bloodstream under high-pressure conditions. The widespread availability of hyperbaric oxygen chambers in different sizes and designs are primarily responsible for this market’s steady growth rate of over 7% during the forecast period.
In this report, Technavio’s market research analyst has estimated the Americas to dominate over all the other geographies due to the widespread availability of multiple hyperbaric oxygen therapy centers in the US. Also, the recent increase in the number of people suffering from diabetes is expected to augment market growth in this region, resulting in its high market share of almost 54% by 2019.
Product-type segmentation of the hyperbaric oxygen therapy devices market
- Monoplace hyperbaric oxygen therapy devices
- Multiplace hyperbaric oxygen therapy devices
The monoplace hyperbaric oxygen therapy devices segment dominates this market and accounts for more than 79% of the total market size. Factors like higher patient safety, the presence of a safety exit, and the option to immediately discontinue oxygen supply will result in this segment’s high domination of the market share.
Application-based segmentation of the hyperbaric oxygen therapy devices market
By application, this market can be divided into the following segments –
- Wound healing
- Infection treatment
- Gas embolism
- Decompression sickness
- Others
Technavio’s market research analyst has estimated the wound-healing segment to dominate this market due to the growing instances of diseases like diabetic foot and pressure ulcers. Additionally, the ability of hyperbaric chambers to treat off-label indications like brain injuries and cancer will foster growth in this segment during the next five years.
Competitive landscape and key vendors
The global hyperbaric oxygen therapy devices market is highly oligopolistic in nature with only a few vendors supplying hyperbaric oxygen therapy devices to hospitals, physician clinics, and hyperbaric oxygen therapy centers.
The key vendors in this market are –
- ETC BioMedical Systems
- Fink Engineering
- Gulf Coast Hyperbarics
- OxyHeal
- Perry Baromedical
Other prominent sellers include HAUX-LIFE-SUPPORT, HearMEC, Hyperbaric, Hyperbaric Clearinghouse, IHC Hytech, Medical Multiplex, Pan-America Hyperbarics, Reimers Systems, Sechrist Industries, and SOS Medical Group.
Key questions answered in the report include
- What will the market size and the growth rate be in 2019?
- What are the key factors driving the global hyperbaric oxygen therapy devices market?
- What are the key market trends impacting the growth of the global hyperbaric oxygen therapy devices market?
- What are the challenges to market growth?
- Who are the key vendors in the global hyperbaric oxygen therapy devices market?
- What are the market opportunities and threats faced by the vendors in the global hyperbaric oxygen therapy devices market?
- Trending factors influencing the market shares of the EMEA, Americas, and APAC?
- What are the key outcomes of the five forces analysis of the global hyperbaric oxygen therapy devices market?
Technavio also offers customization on reports based on specific client requirement.
Related reports
PART 01: Executive summary
PART 02: Scope of the report
Market overview
Top-vendor offerings
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
PART 05: Market landscape
Market overview
Five forces analysis
PART 06: Hyperbaric oxygen therapy devices: An overview
PART 07: Market segmentation by product type
Monotype hyperbaric oxygen therapy devices
Multiplace hyperbaric oxygen therapy devices
Global monoplace hyperbaric oxygen therapy devices market
Global multiplace hyperbaric oxygen therapy devices market
PART 08: Market segmentation by application
PART 09: Geographical segmentation
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
Impact of drivers and challenges
PART 13: Market trends
Part 14: Vendor landscape
Competitive scenario
Market share analysis 2014
Other prominent vendors
PART 14: Key vendor analysis
ETC Biomedical
Fink Engineering
Gulf Coast Hyperbarics
OxyHeal
Perry Baromedical
PART 15: Appendix
List of abbreviation