Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 3.50 Billion | USD 5.80 Billion | 8.80% | 2021 |
FrequentlyAsked Questions
The market for hyperbaric oxygen therapy devices will grow as radiation burns, and other ailments are treated with it, and favorable insurance policies will help. In addition, the potential for revenue growth for companies in the global hyperbaric oxygen treatment devices market is being driven by an increase in the number of medical aesthetic clinics adopting hyperbaric oxygen therapy devices for skin rejuvenation procedures, including wrinkle removal.
According to the report, the global hyperbaric oxygen therapy devices market was worth USD 3.50 billion in 2021 and is estimated to grow to USD 5.80 billion by 2028, with a compound annual growth rate (CAGR) of approximately 8.80 % over the forecast period.
The largest portion of the overall revenue came from North America, which was the leading segment. Emerging nations like India, China, the Philippines, Vietnam, and Brazil have all seen rapid economic expansion. The region's need for HBOT has grown due to expanding populations and a greater need for wound care. Consumers are now more likely to use technologically advanced medical treatments and therapies because of rising disposable income.
Some of the main competitors dominating the global hyperbaric oxygen therapy devices market include- Environmental Tectonics Corporation, Roya IHC, Perry Baromedical, Sechist Industries, Inc., FinkEngineering Pvt Ltd., GulfCoast Hyperbarics Inc., HAUX-LIFE-SUPPORT, Hearmec Co. Ltd., Hyperbaric SAC, SOS Group Global Ltd., Medical Equipment and Consumer Goods Plant (KhSC), OxyHal International Inc.,Submarine Manufacturing and Products Limited (SMP Ltd.), OxyHealth, Pan-America Hyperbarics Inc., Tekna Manufacturing LLC, Baroks Hyperbaric A.S, Sands Hyperbarics, PCCI Inc., and Other prominent players.
RelatedNews
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed