Global Hyperbaric Oxygen (HBO) Therapy Devices Market is projected to increase worth USD 4.84 Billion by 2023.
Development of the global hyperbaric oxygen therapy devices market is primarily driven by increasing prevalence of acute and chronic wounds and rising incidence of wound site infections.
(EMAILWIRE.COM, August 31, 2018 ) Market Overview:
In the year 2018 Global Hyperbaric Oxygen (HBO) Therapy Devices Market was valued at USD 173.85 billion. By the year 2023, it is predicted to reach USD 247.27 billion with pace of 7.3% CAGR.
Hyperbaric oxygen therapy is essentially a non-invasive method to increase the rate of healing of damaged tissues. HBOT devices are used for delivering pure oxygen (100%) to the tissues under higher atmospheric pressures. In hyperbaric oxygen chambers or devices, the atmospheric pressure is increased from one to three times higher than normal atmospheric pressure.
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Factors affecting market growth:
• Increasing prevalence of acute and chronic wounds. (+)
• Growing demand for hyperbaric oxygen therapy devices globally. (+)
• Rising aging population across the globe. (+)
• High adoption rate of hyperbaric oxygen therapy devices in the global healthcare facilities. (+)
• High cost of hyperbaric oxygen therapy devices. (+)
• Unfavorable reimbursement policies. (+)
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Market Segmentation
The Global Hyperbaric Oxygen (HBO) Therapy Devices Market is geographically segmented into
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
North America holds the largest market share in the global hyperbaric oxygen (HBO) therapy devices market followed by Europe due to well-established healthcare infrastructure, advancement of technologies, increasing expenditures. Asia Pacific is projected to have the fastest growth, owing to a rapidly developing medical infrastructure, increasing spending on healthcare and growing medical tourism in developing nations such as China and India.
Browse full Table of Contents: https://www.marketdataforecast.com/market-reports/hyperbaric-oxygen-therapy-devices-market-5025/
Key players:
Major companies for Global Hyperbaric Oxygen (HBO) Therapy Devices Market are Sechrist Industries, Inc., Perry Baromedical, and Environmental Tectonics Corporation (ETC), HAUX-LIFE-SUPPORT GmbH, IHC Hytech B.V., Oxyheal International and Fink Engineering.
In the year 2018 Global Hyperbaric Oxygen (HBO) Therapy Devices Market was valued at USD 173.85 billion. By the year 2023, it is predicted to reach USD 247.27 billion with pace of 7.3% CAGR.
Hyperbaric oxygen therapy is essentially a non-invasive method to increase the rate of healing of damaged tissues. HBOT devices are used for delivering pure oxygen (100%) to the tissues under higher atmospheric pressures. In hyperbaric oxygen chambers or devices, the atmospheric pressure is increased from one to three times higher than normal atmospheric pressure.
Request Report Sample: https://www.marketdataforecast.com/market-reports/hyperbaric-oxygen-therapy-devices-market-5025/request-sample
Factors affecting market growth:
• Increasing prevalence of acute and chronic wounds. (+)
• Growing demand for hyperbaric oxygen therapy devices globally. (+)
• Rising aging population across the globe. (+)
• High adoption rate of hyperbaric oxygen therapy devices in the global healthcare facilities. (+)
• High cost of hyperbaric oxygen therapy devices. (+)
• Unfavorable reimbursement policies. (+)
Get your customized report: https://www.marketdataforecast.com/market-reports/hyperbaric-oxygen-therapy-devices-market-5025/customize-report
Market Segmentation
The Global Hyperbaric Oxygen (HBO) Therapy Devices Market is geographically segmented into
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
North America holds the largest market share in the global hyperbaric oxygen (HBO) therapy devices market followed by Europe due to well-established healthcare infrastructure, advancement of technologies, increasing expenditures. Asia Pacific is projected to have the fastest growth, owing to a rapidly developing medical infrastructure, increasing spending on healthcare and growing medical tourism in developing nations such as China and India.
Browse full Table of Contents: https://www.marketdataforecast.com/market-reports/hyperbaric-oxygen-therapy-devices-market-5025/
Key players:
Major companies for Global Hyperbaric Oxygen (HBO) Therapy Devices Market are Sechrist Industries, Inc., Perry Baromedical, and Environmental Tectonics Corporation (ETC), HAUX-LIFE-SUPPORT GmbH, IHC Hytech B.V., Oxyheal International and Fink Engineering.
Contact Information:
Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
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Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results