Global Hyperbaric Oxygen Therapy Devices Market: Industry Analysis 2015-2019

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.

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