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Global Hyperbaric Oxygen Therapy (HBOT) Market Share, Size: By Product: Multiplace Oxygen Chambers, Monoplace Oxygen Chambers, Topical Oxygen Chambers; By Application: Wound Healing, Decompression Sickness, Others; Regional Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Global Hyperbaric Oxygen Therapy (HBOT) Market Outlook
The global market size for hyperbaric oxygen therapy (HBOT) reached a value of more than USD 3.72 billion in 2023. The global hyperbaric oxygen therapy (HBOT) market is expected to grow at a CAGR of 6.30% between 2024 and 2032, reaching a value of USD 6.43 billion by 2032.
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Key Trends in the Market
Hyperbaric oxygen therapy is a treatment in which the patient is administered pure oxygen under increased atmospheric pressure in a small chamber or in a small room specially designed for the treatment. It can be used to treat various illnesses or diseases such as anaemia, sinus infections, skin grafts, osteomyelitis, fire burns, and radiation injuries, among other conditions.
- Hyperbaric oxygen therapy can independently and effectively treat some disorders such as carbon monoxide poisoning, decompression sickness, and arterial gas embolisms while it can treat some conditions in combination with other treatments based on requirement.
- Technological advancements in hyperbaric oxygen therapy have facilitated the growth of the entire market at a faster rate. Hyperbaric oxygen therapy is being explored for other treatment of other conditions such as Alzheimer’s, wound healing, and various other such diseases and conditions.
- Hyperbaric oxygen therapy is less invasive and has produced substantial results, due to which the accessibility to such treatments is expected to increase in the coming years, with the further growth of the hyperbaric oxygen therapy (HBOT) market.
Market Analysis
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Based on product, the market can be divided into multiplace oxygen chambers, monoplace oxygen chambers, and topical oxygen chambers. On the basis of application, the market is segmented into wound healing, decompression sickness, infection treatment, and gas embolism, among others. By region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global hyperbaric oxygen therapy (HBOT) market covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Perry Baromedical Corporation
- Tekna Hyperbaric
- Sechrist Industries, Inc.
- SOS Group GBR Ltd
- Environmental Tectonics Corporation
- Others
Market Share by Product
Monoplace oxygen chambers account for a leading share in the hyperbaric oxygen therapy (HBOT) market because of their commercial availability. Moreover, they are easy to operate and consume limited gas supplies in the hospitals, as compared to other oxygen chambers.
Multiplace oxygen chambers can hold up to 6 patients at one time while monitoring the mix of oxygen and gases, and the balance of the water vapour. They typically require large spaces for setup, decreasing their suitability for smaller hospitals. Topical oxygen chambers supply oxygen either through the surface of the wounds or through pressure devices, and are popular due to their flexibility.
Market Share by Region
North America is expected to hold a leading share in the market because of high expenditure in the healthcare sector, regulatory approval, and increase in demand for advanced medical and healthcare products and procedures.
The Asia Pacific region is also expected to observe growth in the forecast period due to the increasing adoption and popularity of hyperbaric oxygen therapy among the public and hospitals to treat a number of prevailing conditions. Countries in the Asia Pacific are also investing in healthcare infrastructure and new treatment protocols, offering opportunities for the hyperbaric oxygen therapy (HBOT) market.
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Competitive Landscape
Perry Baromedical Corporation is an internationally recognised medical device company that was established in 1956 with headquarters in Florida, United States. It manufactures, tests, designs, installs, and provides services for hyperbaric oxygen therapy systems.
Tekna Hyperbaric founded in 1989 is headquartered in Tamil Nadu, India. It designs and manufactures monoplace hyperbaric and multiplace hyperbaric chambers for sale, use for training purposes, and for hyperbaric medicine.
Sechrist Industries Inc. was founded in 1973 and is based out of California in the United States. It is a medical equipment manufacturing company that produces and provides hyperbaric chambers for lifesaving therapy.
Other market players include SOS Group GBR Ltd, and Environmental Tectonics Corporation, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Hyperbaric Oxygen Therapy (HBOT) Market Analysis
8.1 Key Industry Highlights
8.2 Global Hyperbaric Oxygen Therapy (HBOT) Historical Market (2017-2023)
8.3 Global Hyperbaric Oxygen Therapy (HBOT) Market Forecast (2024-2032)
8.4 Global Hyperbaric Oxygen Therapy (HBOT) Market by Product
8.4.1 Multiplace Oxygen Chambers
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Monoplace Oxygen Chambers
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Topical Oxygen Chambers
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.5 Global Hyperbaric Oxygen Therapy (HBOT) Market by Application
8.5.1 Wound Healing
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Decompression Sickness
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Infection Treatment
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2017-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.5.4 Gas Embolism
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2017-2023)
8.5.4.3 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Hyperbaric Oxygen Therapy (HBOT) Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2017-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2017-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2017-2023)
8.6.4.3 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2017-2023)
8.6.5.3 Forecast Trend (2024-2032)
9 North America Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2017-2023)
9.1.3 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2017-2023)
9.2.3 Forecast Trend (2024-2032)
10 Europe Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2017-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2017-2023)
10.2.3 Forecast Trend (2024-2032)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2017-2023)
10.3.3 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2017-2023)
10.4.3 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2017-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2017-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2017-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2017-2023)
11.4.3 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2017-2023)
11.5.3 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2017-2023)
12.1.3 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2017-2023)
12.2.3 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2017-2023)
12.3.3 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2017-2023)
13.1.3 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2017-2023)
13.2.3 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2017-2023)
13.3.3 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2017-2023)
13.4.3 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Perry Baromedical Corporation
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Tekna Hyperbaric
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Sechrist Industries, Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 SOS Group GBR Ltd
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Environmental Tectonics Corporation
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Hyperbaric Oxygen Therapy (HBOT) Market: Key Industry Highlights, 2017 and 2032
2. Global Hyperbaric Oxygen Therapy (HBOT) Historical Market: Breakup by Product (USD Million), 2017-2023
3. Global Hyperbaric Oxygen Therapy (HBOT) Market Forecast: Breakup by Product (USD Million), 2024-2032
4. Global Hyperbaric Oxygen Therapy (HBOT) Historical Market: Breakup by Application (USD Million), 2017-2023
5. Global Hyperbaric Oxygen Therapy (HBOT) Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Hyperbaric Oxygen Therapy (HBOT) Historical Market: Breakup by Region (USD Million), 2017-2023
7. Global Hyperbaric Oxygen Therapy (HBOT) Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Hyperbaric Oxygen Therapy (HBOT) Historical Market: Breakup by Country (USD Million), 2017-2023
9. North America Hyperbaric Oxygen Therapy (HBOT) Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Hyperbaric Oxygen Therapy (HBOT) Historical Market: Breakup by Country (USD Million), 2017-2023
11. Europe Hyperbaric Oxygen Therapy (HBOT) Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Hyperbaric Oxygen Therapy (HBOT) Historical Market: Breakup by Country (USD Million), 2017-2023
13. Asia Pacific Hyperbaric Oxygen Therapy (HBOT) Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Hyperbaric Oxygen Therapy (HBOT) Historical Market: Breakup by Country (USD Million), 2017-2023
15. Latin America Hyperbaric Oxygen Therapy (HBOT) Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Hyperbaric Oxygen Therapy (HBOT) Historical Market: Breakup by Country (USD Million), 2017-2023
17. Middle East and Africa Hyperbaric Oxygen Therapy (HBOT) Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Hyperbaric Oxygen Therapy (HBOT) Market Structure
Key Questions Answered in the Report
The global market size for hyperbaric oxygen therapy (HBOT) reached a value of more than USD 3.72 billion in 2023.
The global market for hyperbaric oxygen therapy is expected to grow at a CAGR of 6.30% between 2024 and 2032.
The major market drivers are regulatory approval, healing capability, and minimally invasive treatment process.
The global market size for hyperbaric oxygen therapy (HBOT) is expected to reach a value of more than USD 6.43 billion by 2032.
The key trends of the market are effective treatment results independently and in combination with other treatments, technological advancements in the market, and widening accessibility due to interest by more healthcare providers.
Key market players include Perry Baromedical Corporation, Tekna Hyperbaric, Sechrist Industries, Inc., SOS Group GBR Ltd, and Environmental Tectonics Corporation, among others.
Hyperbaric oxygen therapy is a treatment in which the patient is administered pure oxygen under increased atmospheric pressure in a small chamber or in a small room specially designed for the treatment.
The global hyperbaric oxygen therapy (HBOT) market is segmented based on product, application, and region.
The primary applications of hyperbaric oxygen therapy are wound healing, decompression sickness, infection treatment, and gas embolisms, among others.
Based on product, the market can be divided into multiplace oxygen chambers, monoplace oxygen chambers, and topical oxygen chambers.
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