Home / Medical Devices / Hyperbaric Oxygen Therapy (HBOT) Devices Market By Product (Monoplace HBOT Devices, Multiplace HBOT Devices, Topical HBOT Devices) - Growth, Future Prospects and Competitive Analysis, 2016 - 2024,

Hyperbaric Oxygen Therapy (HBOT) Devices Market By Product (Monoplace HBOT Devices, Multiplace HBOT Devices, Topical HBOT Devices) - Growth, Future Prospects and Competitive Analysis, 2016 - 2024,

Published: Sep 2016 | Report Code: 58103-09-16

Industry Outlook

The global hyperbaric oxygen treatment (HBOT) devices market is anticipated to reach US$ 3,634.5 Mn by 2024. Increasing preference of physicians to use oxygen therapy has been greatly contributing to the market growth of HBOT devices. HBOT devices have received FDA approval for treatment of necrotizing soft tissue infection, injuries, burns, decompression sickness and others. Off-label use of HBOT devices encompasses treatment of brain injuries and even cancer, despite lack of robust clinical evidence. The HBOT devices market is therefore expected to witness boost in regional markets of Asia Pacific, Latin America and parts of Europe. 

As the areas of applications of hyperbaric oxygen treatment are gradually increasing, there has been a resultant growth in the number of manufacturers offering HBOT devices. This has thus been driving the global HBOT devices market. However, moderate skepticism associated with adoption of hyperbaric oxygen therapy and large capital and space requirement may hold back the growth of this market. Further approvals expanding the application of hyperbaric oxygen therapy will consequently open avenues for market proliferation. Additionally, revived demand for HBOT devices will also be witnessed in the market due to growing adoption of multiplace and topical HBOT devices.

Market Synopsis

Hyperbaric Oxygen Therapy (HBOT) Devices Market

Heightened demand for multiplace and topical HBOT devices to bolster the market position

At present, monoplace HBOT devices enjoy the dominance in the global HBOT devices market. Early introduction in the market and easy adoption in financially moderate settings facilitate the prominent position of this segment. On the other hand, the position of Monoplace HBOT devices will be significantly challenged by the growing popularity of multiplace and topical devices segments. Multiplace devices are gaining heightened demand, particularly in the developed parts of the world due to greater affordability and ability to treat multiple patients simultaneously. Additionally, topical devices will also experience significant demand during the forecast period. In developing markets of Asia Pacific, Middle East & Africa, and Latin America, where affordability and location of care centers pose a significant challenge, the demand for topical devices will be the highest.

Hyperbaric Oxygen Therapy (HBOT) Devices Market

Wound healing to spearhead the HBOT devices market

Wound care and prevention of infection forms a prime concern for healthcare professionals worldwide. Rising incidence of pressure and diabetic ulcers, post-surgical complexities, and burns have urged the need for innovative and advanced would care solutions such as hyperbaric oxygen therapy. Oxygen therapy has been approved for wound healing purpose as it efficiently helps in improving morbidity while simultaneously providing moist environment for appropriate wound healing. Some of prime wound healing applications where HBOT is used include thermal burns, soft tissue infections, delayed radiation injuries, crush injuries and diabetic wounds. However, lack of awareness and less accessibility in resource poor settings may restrict the widespread adoption of HBOT devices for wound healing application.

Hyperbaric Oxygen Therapy (HBOT) Devices Market

Set to remain the leading market for medical devices, North America will dominate the market

North America is the largest regional market for hyperbaric oxygen treatment devices followed by Europe and Asia Pacific. Large patient population affected by diabetes and infection form the major driver of North America market. Existence of evolved healthcare infrastructure, favorable reimbursement policies, and greater awareness are the other key factors facilitating the dominance of North America on the global front. Additionally, Asia Pacific is identified as the fastest progressing regional market for hyperbaric oxygen treatment devices. Increasing disposable incomes, and widespread proliferation of healthcare system are the key drivers supporting the growth of Asia Pacific market. It is also anticipated that due to large geographical landscape, and growing healthcare facilities in the remote areas, the demand for topical HBOT devices will be high in Asia Pacific and Latin America.

Hyperbaric Oxygen Therapy (HBOT) Devices Market

Hyperbaric Oxygen Therapy (HBOT) Devices Market

Historical & Forecast Period

2014 – Historical Year

2015 – Base Year

2016-2024 – Forecast Period

This research report presents the analysis of each segment considered for the period from 2014 to 2024, having 2015 as the base year for estimations. Compounded annual growth rates (CAGRs) for each segment are calculated for the forecast period from 2016 to 2024.

Report Scope by Segments

The hyperbaric oxygen treatment devices market report provides quantitative assessment of the industry in terms of current and forecasted market size, while also presenting the market dynamics. This market is segmented based on drugs and diagnostic tools, and geography.

by Device Type (2014–2024; US$ Mn)

  • Monoplace HBOT devices
  • Multiplace HBOT devices
  • Topical HBOT devices

by Application (2014–2024; US$ Mn)

  • Wound healing
  • Decompression sickness
  • Air or gas embolism
  • Infection treatment
  • Others
  • Laboratory Testing

Geography Segment (2014–2024; US$ Mn)

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • Japan
    • India
    • Rest of APAC
  • Latin America (LATAM)
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa (MEA)
    • GCC
    • Rest of Middle East and Africa

The overall dynamics of the global hyperbaric oxygen treatment devices market are analyzed for understanding the current market scenario and future outlook. Assessment of market drivers, challenges and opportunities gives the readers an insight into the major market aspects. This report also includes collection of the profiles of major players operating in the global hyperbaric oxygen treatment devices market. Some of such major market players are ETC Biomedical Systems, Sechrist Industries, Inc., HyperTec, Inc., OxyHeal Health Group, Perry Baromedical Corporation, Haux-Life-Support GmbH, HYPERBARIC S.A.C., Hyperbaric Technology (HyTech) B.V., Sands Hyperbaric Corporation, SOS Medical Group Ltd., Hearmec Co., Ltd., and Fink Engineering Pty. Ltd.

Key questions answered in this report

  • Status of the global hyperbaric oxygen treatment devices market in the base year 2015
  • How the global HBOT devices market will advance through the forecast period from 2016 to 2024?
  • What are the drivers and opportunities prevalent in the global HBOT devices market?
  • How the current market challenges may restrict the market growth during the forecast period?
  • What are the key growth strategies implemented or undertaken by the major market players for augmenting or retaining their positions?
  • Which device types holds dominance in the global market and which segment will post challenge to its dominance?
  • Which is the most prominent therapeutic use holding prominence in the global HBOT devices market?
  • How Asia Pacific market will fare in the global front during the forecast period from 2016 to 2024?

 

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Assumptions

Chapter 2 Executive Summary
2.1 Global Hyperbaric Oxygen Therapy Devices Market Portraiture

Chapter 3 Hyperbaric Oxygen Therapy Devices Market Analysis
3.1 Global Hyperbaric Oxygen Therapy Devices Market Overview
3.1.1 Market Dynamics
3.1.2 Drivers
3.1.2.1 Driver 1
3.1.2.2 Driver 2
3.1.3 Challenges
3.1.3.1 Challenge 1
3.1.3.1 Challenge 2
3.1.4 Opportunities
3.1.4.1 Opportunity 1
3.2 Attractive Investment Proposition
3.3 Competitive Landscape of Key Vendors in Hyperbaric Oxygen Therapy Devices Market

Chapter 4 Global Hyperbaric Oxygen Therapy Devices Market, by Devices, 2013-2024
4.1 Introduction
4.1.1 Monoplace HBOT Devices
4.1.2 Multiplace HBOT Devices
4.1.3 Topical HBOT Devices

Chapter 5 Global Hyperbaric Oxygen Therapy Devices Market, by Applications, 2013-2024 (USD Mn)
5.1 Introduction
5.2 Wound Healing
5.2.1 Decompression Sickness
5.3 Air or Gas Embolism
5.4 Infection Treatment
5.5 Others

Chapter 6 Global Hyperbaric Oxygen Therapy Devices Market, By Geography, 2013-2024 (USD Mn)
6.1 Preface
6.2 North America
6.2.1 United States
6.2.2 Canada
6.3 Europe
6.3.1 United Kingdom
6.3.2 Germany
6.3.3 Rest of Europe
6.4 Asia Pacific
6.4.1 Japan
6.4.2 China
6.4.3 Rest of Asia Pacific
6.5 Latin America
6.6 Middle East and Africa

Chapter 7 Company Profiles
7.1 ETC Biomedical Systems
7.2 Sechrist Industries, Inc.
7.3 HyperTec, Inc.
7.4 OxyHeal Health Group
7.5 Perry Baromedical Corporation
7.6 Haux-Life-Support GmbH
7.7 HYPERBARIC S.A.C.
7.8 Hyperbaric Technology (HyTech) B.V.
7.9 Sands Hyperbaric Corporation
7.10 SOS Medical Group Ltd.
7.11 Hearmec Co., Ltd.
7.12 Fink Engineering Pty. Ltd.

List of Figures

FIG. 1 Hyperbaric Oxygen Therapy Devices Market: Research Methodology
FIG. 2 Hyperbaric Oxygen Therapy Devices Market, by Devices, 2015 (USD Mn)
FIG. 3 Hyperbaric Oxygen Therapy Devices Market, by Application, 2015 (USD Mn)
FIG. 4 Attractive Investment Proposition: Global Hyperbaric Oxygen Therapy Devices Market, by Geography
FIG. 5 Global Monoplace HBOT Devices Market, 2013-2024, (USD Mn)
FIG. 6 Global Multiplace HBOT Devices Market, 2013-2024, (USD Mn)
FIG. 7 Global Topical HBOT Devices Market, 2013-2024, (USD Mn)
FIG. 8 HBOT Devices Market for Wound Healing, 2013–2024 (USD Mn)
FIG. 9 Global HBOT Devices Market for Decompression Sickness, 2013–2024 (USD Mn)
FIG. 10 Global HBOT Devices Market for Air or Gas Embolism, 2013–2024 (USD Mn)
FIG. 11 Global HBOT Devices Market for Infection Treatment, 2013–2024 (USD Mn)
FIG. 12 Global HBOT Devices Market for Other Applications, 2013–2024 (USD Mn)
FIG. 13 Latin America Hyperbaric Oxygen Therapy Devices Market, 2013–2024 (USD Mn)
FIG. 14 Middle East & Africa Hyperbaric Oxygen Therapy Devices Market, 2013–2024 (USD Mn)

List of Tables

TABLE 1 Global Hyperbaric Oxygen Therapy Devices Market, by Devices, 2013-2024 (USD Mn)
TABLE 2 Global Hyperbaric Oxygen Therapy Devices Market, by Applications, 2013 - 2024 (USD Mn)
TABLE 3 Global Hyperbaric Oxygen Therapy Devices Market, by Geography, 2013–2024 (USD Mn)
TABLE 4 North America Hyperbaric Oxygen Therapy Devices Market, by Country, 2013–2024 (USD Mn)
TABLE 5 Europe Hyperbaric Oxygen Therapy Devices Market, by Country, 2013–2024 (USD Mn)
TABLE 6 Asia-Pacific Hyperbaric Oxygen Therapy Devices Market, by Country, 2013–2024 (USD Mn)
TABLE 7 ETC Biomedical Systems: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
TABLE 8 Sechrist Industries, Inc.: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
TABLE 9 HyperTec, Inc.: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
TABLE 10 OxyHeal Health Group: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
TABLE 11 Perry Baromedical Corporation: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
TABLE 12 Haux-Life-Support GmbH: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
TABLE 13 HYPERBARIC S.A.C.: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
TABLE 14 Hyperbaric Technology (HyTech) B.V.: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
TABLE 15 Sands Hyperbaric Corporation: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
TABLE 16 SOS Medical Group Ltd.: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
TABLE 17 Hearmec Co., Ltd.: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
TABLE 18 Fink Engineering Pty. Ltd.: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)

The global hyperbaric oxygen therapy devices market is studied for the following categories:

1.   Monoplace HBOT Devices

2.   Multiplace HBOT Devices

3.   Topical HBOT Devices

Hyperbaric Oxygen Therapy Devices Market

HBOT devices incorporate special technologies for treatment administration. Regardless of the type of chamber system used, the skills of operating nurse and hospital staff in terms of understanding the physics of HBOT devices for safe treatment is critical for success. Among the product types available, monoplace and multiplace HBOTs are the most commonly sought option subject to hospital size and treatment requirements. Monoplace HBOT devices capture a major portion of the market size owing to ease of installation, requirement of less staffing and no need of inside attendant. However, the demand for multiplace devices is on a perpetual rise due to their advanced technology. Monoplace devices are technically less advanced and require administration of excessive sedation and muscle relaxants. Multiplace HBOT devices are better suited for treating critically ill patients since these devices permit integration of ICU devices inside the chamber. Some key disadvantages associated with multiplace chambers are high capital requirement and hence long-term commitment to the installation, large space requirements and staffing costs.

Geographically, the global hyperbaric oxygen therapy devices market is cumulative to North America, Europe, Asia-Pacific, Middle East and Africa and Latin America.

 

Hyperbaric Oxygen Therapy Devices Market

North America is the largest regional market for hyperbaric oxygen therapy devices in 2015. Large scale adoption of HBOT devices and high awareness between both care providers and patients play a significant role in dominance of the region. High prevalence of chronic conditions and chronic wound patients willing to opt for new treatment types further support the growth of this market. The demand for topical and multiplace HBOT devices is anticipated to remain high in the developed markets during the forecast period. This market will further witness significant growth in Asia-Pacific region on the grounds of rapid development of healthcare infrastructure in emerging economies. The patient pool in Asia-Pacific and Middle East and Africa is also rapidly expanding.

The detailed regional classification of the global hyperbaric oxygen therapy devices market is as follows:

  • North America (U.S. & Canada)
  • Europe (U.K., Germany and Rest of Europe)
  • Asia-Pacific (Japan, China and Rest of Asia-Pacific)
  • Middle East and Africa
  • Latin America
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