Global Hyperbaric Oxygen Therapy Devices Market is forecasted to grow at a decent rate of 6.5% by 2026
Hyperbaric Oxygen Therapy (HBOT) is a non-invasive technique that is used to increase the rate of healing of damaged tissues. In this treatment, the air pressure is increased two to three times higher than the normal air pressure. Thus, the oxygen-carrying blood helps to fight bacteria and other unwanted hosts in the body by promoting healing. HBOT is used to treat wounds as a result of radiation, air bubbles in blood vessels, and many other serious infections like diabetes, venous or arterial insufficiency, crush injuries, and wounds/tissue damage caused by the late effects of radiation therapy. Presently, HBOT uses 2 types of chambers:
- Monoplace chamber: This chamber is built for one person. It's a long, plastic tube that resembles an MRI machine. The patient slips into the chamber. It is slowly pressurized with 100% oxygen.
- Multiplace chamber: This chamber, or room, can fit two or more people at once. The treatment is largely the same. The difference is that people breathe pure oxygen through masks or hoods.
- Increased blood flow and circulation throughout the body.
- Block harmful bacteria and strengthens the body’s immune system.
- Aids in the formation of new collagen and skin cells.
Market Challenges: Hyperbaric Oxygen Therapy
Devices Market
The high costs associated with the HBOT
treatments which require multiple sessions, reimbursement issues, and
complications after HBOT are some of the key factors which are likely to hamper the
HBOT devices market growth in the coming years.
North America Leads the Adoption of Hyperbaric Oxygen Therapy Devices
Market
From
a geographical perspective, North America holds a higher market share of the HBOT
devices market. This can be mainly attributed to the increasing preference for
wound healing treatments, rising number of people engaging in adventure activities,
and favorable reimbursement policies.
Competitive
Landscape Analysis: Hyperbaric Oxygen Therapy Devices Market
Some
of the main and emerging players operating in the hyperbaric oxygen therapy devices
market are Perry Baromedical Inc., Haux-Life Support, PCCI, Fink
Engineering, Sosgroup, Hearmec, OxyHealth, and Environmental Tectonics
Corporation, among others.
Comments
Post a Comment