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Report Overview

2023

Base Year

2017-2023

Historical Year

2024-2032

Forecast Year

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.  

hyperbaric oxygen therapy hbot market

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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

hyperbaric oxygen therapy hbot market by segments

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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.

hyperbaric oxygen therapy hbot market by region

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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:

  • Product
  • Application
  • Region
Breakup by Product
  • Multiplace Oxygen Chambers
  • Monoplace Oxygen Chambers
  • Topical Oxygen Chambers
Breakup by Application
  • Wound Healing
  • Decompression Sickness
  • Infection Treatment
  • Gas Embolism
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Perry Baromedical Corporation
  • Tekna Hyperbaric
  • Sechrist Industries, Inc.
  • SOS Group GBR Ltd
  • Environmental Tectonics Corporation
  • Others

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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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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