Hyperbaric Oxygen Therapy Market Growth, Growth Demand, Key Drivers, Forecast To 2033

Overview and Scope

Hyperbaric oxygen therapy (HBOT) is a medical treatment that involves breathing pure oxygen in a pressurized chamber or room. It is used to treat a variety of medical conditions, including decompression sickness (the bends), carbon monoxide poisoning, non-healing wounds, radiation injuries, and certain infections.

Sizing and Forecast

The hyperbaric oxygen therapy market size has grown rapidly in recent years. It will grow from $3.98 billion in 2023 to $4.42 billion in 2024 at a compound annual growth rate (CAGR) of 11.0%.  The growth in the historic period can be attributed to the rising prevalence of chronic wounds and diabetic foot ulcers, increased awareness of hyperbaric oxygen therapy benefits, advancements in medical technology, insurance coverage and reimbursement policies, and growth in the diabetic population.

The hyperbaric oxygen therapy market size is expected to see rapid growth in the next few years. It will grow to $6.74 billion in 2028 at a compound annual growth rate (CAGR) of 11.1%.  The growth in the forecast period can be attributed to the growing incidence of soft tissue radionecrosis and carbon monoxide poisoning, increased healthcare expenditure, the expansion of applications in aesthetic medicine, the rising aging population, and research and development in hyperbaric medicine. Major trends in the forecast period include product innovation, integration of hyperbaric oxygen therapy with telemedicine, heightened research and development activities, increasing partnerships, and technological advancements in HBOT equipment.

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Segmentation & Regional Insights

The hyperbaric oxygen therapy market covered in this report is segmented –

1) By Product Type: Monoplace Hyperbaric Oxygen Therapy, Multiplace Hyperbaric Oxygen Therapy, Topical Hyperbaric Oxygen Therapy Devices

2) By Application: Wound Healing, Decompression Sickness, Infection Treatment, Gas Embolism, Other Applications

3) By End-Users: Hospitals And Clinics, Ambulatory Surgery Centres, Other End-Users

North America was the largest region in the hyperbaric oxygen therapy market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hyperbaric oxygen therapy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth

The rise in diabetes prevalence is expected to propel the growth of the hyperbaric oxygen therapy market going forward. Diabetes refers to a group of chronic metabolic disorders characterized by high blood sugar levels over a prolonged period of time. Diabetes is increasing due to sedentary lifestyles, poor diets, obesity, and genealogy. Hyperbaric oxygen therapy (HBOT) is used in the treatment of diabetes-related complications, particularly diabetic foot ulcers and other non-healing wounds. For instance, in December 2021, according to the International Diabetes Federation, a US-based intergovernmental organization, approximately 537 million adults aged 20–79 were affected by diabetes in 2021. This number is projected to increase significantly, reaching 643 million by 2030 and 783 million by 2045. Therefore, a rise in diabetes prevalence is driving the hyperbaric oxygen therapy market.

Key Industry Players

Major companies operating in the hyperbaric oxygen therapy market are  Healogics LLC, SOS Medical Group Ltd., Environmental Tectonics Corporation, Sechrist Industries Inc., BioBarica Profesionales, Perry Baromedical Corporation, Shanghai Baobang Medical Equipment Co. Ltd., Hyperbaric Modular Systems Inc., Baroks Hyperbaric, Haux-Life-Support GmbH, Haux-Technik GmbH, Hyperbaric SAC, Pan America Hyperbarics Inc., OxyHeal Health Group, Fink Engineering Pty Ltd, AHA Hyperbarics, The Oxybarica Group, NHC Medical And Beauty, Hyperbaric Medical Solutions, Gulf Coast Hyperbarics, Hearmec Co. Ltd., Hpotech Hyperbaric Solutions

The hyperbaric oxygen therapy market report table of contents includes:

Overview and Scope

Hyperbaric oxygen therapy (HBOT) is a medical treatment that involves breathing pure oxygen in a pressurized chamber or room. It is used to treat a variety of medical conditions, including decompression sickness (the bends), carbon monoxide poisoning, non-healing wounds, radiation injuries, and certain infections.

Sizing and Forecast

The hyperbaric oxygen therapy market size has grown rapidly in recent years. It will grow from $3.98 billion in 2023 to $4.42 billion in 2024 at a compound annual growth rate (CAGR) of 11.0%.  The growth in the historic period can be attributed to the rising prevalence of chronic wounds and diabetic foot ulcers, increased awareness of hyperbaric oxygen therapy benefits, advancements in medical technology, insurance coverage and reimbursement policies, and growth in the diabetic population.

The hyperbaric oxygen therapy market size is expected to see rapid growth in the next few years. It will grow to $6.74 billion in 2028 at a compound annual growth rate (CAGR) of 11.1%.  The growth in the forecast period can be attributed to the growing incidence of soft tissue radionecrosis and carbon monoxide poisoning, increased healthcare expenditure, the expansion of applications in aesthetic medicine, the rising aging population, and research and development in hyperbaric medicine. Major trends in the forecast period include product innovation, integration of hyperbaric oxygen therapy with telemedicine, heightened research and development activities, increasing partnerships, and technological advancements in HBOT equipment.

Order your report now for swift delivery, visit the link:
https://www.thebusinessresearchcompany.com/report/hyperbaric-oxygen-therapy-global-market-report

Segmentation & Regional Insights

The hyperbaric oxygen therapy market covered in this report is segmented –

1) By Product Type: Monoplace Hyperbaric Oxygen Therapy, Multiplace Hyperbaric Oxygen Therapy, Topical Hyperbaric Oxygen Therapy Devices

2) By Application: Wound Healing, Decompression Sickness, Infection Treatment, Gas Embolism, Other Applications

3) By End-Users: Hospitals And Clinics, Ambulatory Surgery Centres, Other End-Users

North America was the largest region in the hyperbaric oxygen therapy market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hyperbaric oxygen therapy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Intrigued to explore the contents? Secure your hands-on a free sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=16087&type=smp

Major Driver Impacting Market Growth

The rise in diabetes prevalence is expected to propel the growth of the hyperbaric oxygen therapy market going forward. Diabetes refers to a group of chronic metabolic disorders characterized by high blood sugar levels over a prolonged period of time. Diabetes is increasing due to sedentary lifestyles, poor diets, obesity, and genealogy. Hyperbaric oxygen therapy (HBOT) is used in the treatment of diabetes-related complications, particularly diabetic foot ulcers and other non-healing wounds. For instance, in December 2021, according to the International Diabetes Federation, a US-based intergovernmental organization, approximately 537 million adults aged 20–79 were affected by diabetes in 2021. This number is projected to increase significantly, reaching 643 million by 2030 and 783 million by 2045. Therefore, a rise in diabetes prevalence is driving the hyperbaric oxygen therapy market.

Key Industry Players

Major companies operating in the hyperbaric oxygen therapy market are  Healogics LLC, SOS Medical Group Ltd., Environmental Tectonics Corporation, Sechrist Industries Inc., BioBarica Profesionales, Perry Baromedical Corporation, Shanghai Baobang Medical Equipment Co. Ltd., Hyperbaric Modular Systems Inc., Baroks Hyperbaric, Haux-Life-Support GmbH, Haux-Technik GmbH, Hyperbaric SAC, Pan America Hyperbarics Inc., OxyHeal Health Group, Fink Engineering Pty Ltd, AHA Hyperbarics, The Oxybarica Group, NHC Medical And Beauty, Hyperbaric Medical Solutions, Gulf Coast Hyperbarics, Hearmec Co. Ltd., Hpotech Hyperbaric Solutions

The hyperbaric oxygen therapy market report table of contents includes:

1. Executive Summary
2. Hyperbaric Oxygen Therapy Market Characteristics
3. Hyperbaric Oxygen Therapy Market Trends And Strategies
4. Hyperbaric Oxygen Therapy Market – Macro Economic Scenario
5. Global Hyperbaric Oxygen Therapy Market Size and Growth
..
32. Global Hyperbaric Oxygen Therapy Market Competitive Benchmarking
33. Global Hyperbaric Oxygen Therapy Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Hyperbaric Oxygen Therapy Market
35.Hyperbaric Oxygen Therapy Market Future Outlook and Potential Analysis
36.Appendix

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Contact Us:

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 88972 63534

Americas: +1 315 623 0293

 

Email: info@tbrc.info

 

Follow Us On:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

Twitter: https://twitter.com/tbrc_info

Facebook: https://www.facebook.com/TheBusinessResearchCompany

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Blog: https://blog.tbrc.info/

Healthcare Blog: https://healthcareresearchreports.com/

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model