Hyperbaric Oxygen Therapy Equipment Market Size, Share, and Outlook (2024-2031)

Global Hyperbaric Oxygen Therapy Equipment Market is segmented By Type (Monoplace Chambers, Multiplace Chambers), By Technology (Traditional HBOT Equipment, Portable and Transportable HBOT Equipment, Hyperbaric Accessories), By Application (Wound Healing, Decompression Sickness, Infections, Carbon Monoxide Poisoning, Others), By End-user (Hospitals and Clinics, Research and Academic Institutions, Others), By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

 Hyperbaric Oxygen Therapy Equipment Market Overview

Hyperbaric Oxygen Therapy (HBOT) is a medical treatment that involves breathing pure oxygen in a pressurized chamber or room. It has been proven to be effective in some circumstances and is used to treat a wide range of health issues. To protect the safety of both patients and personnel, hyperbaric chambers are equipped with a variety of safety elements. This can include fire suppression systems, intercom communication systems, and emergency release valves.

The equipment used in hyperbaric oxygen therapy (HBOT) is essential to the safety, efficacy, and outcome of the procedure. For instance, the layout and comfort aspects of the hyperbaric chamber, such as the seating and reclining choices, aid in keeping patients at ease throughout what might be a protracted therapy session. Equipment that is comfortable can improve patient compliance and treatment outcomes overall.

Hyperbaric Oxygen Therapy Equipment Market Scope

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Hyperbaric Oxygen Therapy Equipment Market Dynamics

Growing incidence of chronic wounds and diabetic foot ulcer

HBOT raises the bloodstream's oxygen content, which is essential for wound healing. Cells require oxygen to function properly and heal injured tissues. Patients with diabetic foot ulcers and chronic wounds may have impaired blood flow to the affected areas, which can cause tissue damage and poor recovery. HBOT aids in oxygen delivery to these regions, encouraging tissue regeneration.

For instance, according to AAHCM, approximately 6.5 million people, or about 1 in 38 adults, are affected by chronic wounds each year in U.S. Annual cost estimates for managing chronic wounds range from $28.1 to $96.8 billion. 

Moreover, according to NLM, the annual incidence of diabetic foot ulcer worldwide is between 9.1 to 26.1 million. Around 15 to 25% of patients with diabetes mellitus will develop a diabetic foot ulcer during their lifetime. As the number of newly diagnosed diabetics are increasing yearly, the incidence of diabetic foot ulcer is also bound to increase.

As a result, the need for HBOT equipment has increased due to the rising prevalence of diabetes worldwide as well as the danger of developing chronic sores and diabetic foot ulcers. In diabetic patients, HBOT is known to hasten wound healing and lower the chance of amputation. Treatments to address age-related health issues and difficulties are increasingly needed as the world's population ages. The demand for HBOT equipment is influenced by the use of HBOT for ailments such slow wound healing, age-related macular degeneration, and cognitive decline.

Restraint

The use and acceptance of hyperbaric oxygen therapy (HBOT) equipment may be hampered by a number of reasons despite the fact that it has a number of advantages for the treatment of particular medical problems. For instance, it can be expensive to build and operate hyperbaric facilities as well as the cost of buying and maintaining HBOT equipment. HBOT sessions can be time-consuming and might take for several hours each, which can be a major hurdle for smaller healthcare institutions and clinicians. Patients may need to miss work or other obligations due to this being a demanding situation.

Hyperbaric Oxygen Therapy Equipment Market Segment Analysis

The global hyperbaric oxygen therapy equipment market is segmented based on type, technology, application, end-user and region.

The monoplace chambers segment from the type segment accounted for approximately 41.7% of hyperbaric oxygen therapy equipment share

Patients benefit from greater comfort and privacy in monoplace chambers. Patients have greater room to walk around and can dress which ever they like. This can ease claustrophobia and anxiety, which is crucial for patients undergoing protracted therapies. Monoplace chambers enable a regulated therapeutic setting. 

To accommodate the patient's comfort and medical requirements, the atmospheric parameters (such as temperature, humidity, and pressure) can be changed. It is simpler to care for and evacuate a single patient from a monoplace chamber in the case of an emergency than it is a multiplace chamber with numerous patients inside, such as a sudden drop in pressure or a medical emergency. Therefore, the segment's market share will increase as a result of its features.

Hyperbaric Oxygen Therapy Equipment Market Geographical Share

Rising chronic wounds and ageing population  in the North America region

North America is expected to hold a significant share in the overall hyperbaric oxygen therapy (HBOT) devices market over the forecast period. The increase is lead on by an increase in chronic wounds by an increase in chronic diseases and the population of elderly people. Additionally, important product launches, a high concentration of manufacturers or market players, partnerships and acquisitions between significant players, and rising use of hyperbaric oxygen therapy (HBOT) devices in the United States are some of the factors propelling the growth of the hyperbaric oxygen therapy (HBOT) devices market in the nation. 

For instance, in July 2021, the use of hyperbaric oxygen treatment (HBOT/HBO2) to treat a number of diseases has received FDA approval. Therefore, it is projected that such occurrences will enhance demand for HBOT devices, driving market expansion in United States. 

Asia Pacific is predicted to witness the fastest growth over the coming years. The market is growing as a result of factors including the increased prevalence of diabetes among India's ageing population, the growth of healthcare facilities, and the introduction of new local companies engaged in the manufacturing & distribution of medical device.

COVID-19 Impact Analysis On  Hyperbaric Oxygen Therapy Equipment Market

Patients with COVID-19 who have significant respiratory distress frequently need additional oxygen therapy. HBOT was occasionally thought of as an additional treatment to boost oxygenation and aid in the healing process. The value of HBOT equipment may have been highlighted by this spike in demand. 

Global supply lines were interrupted by the pandemic, which had an impact on the availability of medical tools and supplies, particularly those for HBOT. There may have been delays with equipment upkeep and the purchase of replacement parts. The epidemic raised awareness of oxygen treatment and its potential advantages among the general population and among healthcare professionals. As a result, HBOT equipment may now be used to treat a wider range of medical disorders.

 Hyperbaric Oxygen Therapy Equipment Companies

The major global players in the market include Tekna Hyperbaric Chambers, AHA Hyperbarics, Hyperbaric SAC, OxyHealth Europe, Sechrist Industries, Inc, Perry Baromedical, Hauxlifesupport GmbH, PCCI, INC, SoS Group, Environmental Tectonics Corporation and among others.

Key Developments

• In August 2022, India Government had installed the first 3 ATA Medical Grade Hyperbaric Oxygen Machine. The risk of major amputation is decreased by 20–30% and the rate of wound healing is increased by around ten times when hyperbaric oxygen therapy (HBOT) is added. In South Asia, there is a big need for HBOT services. Around 77 million of the 88 million people with diabetes reside in India. About 25% of people with diabetes experience Diabetic Foot Ulcers (DFU), of which 50% become infected and necessitate hospitalisation, and 20% require amputation.
• On February 03, 2023, A new outpatient centre that will provide patients with non-healing wounds with a holistic approach has been inaugurated by Maui Health. Treatments offered there include hyperbaric oxygen therapy. Two cutting-edge hyperbaric oxygen chambers, two of only five medical-grade hyperbaric oxygen chambers in the state of Hawaii, are located in the clinic.

Why Purchase the Report?

• To visualize the global hyperbaric oxygen therapy equipment market segmentation based on type, technology, application, end-user and region as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development. 
• Excel data sheet with numerous data points of hyperbaric oxygen therapy equipment market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The Global hyperbaric oxygen therapy equipment market report would provide approximately 69 tables, 67 figures and 186 Pages.