DUBAI, U.A.E, July 5, 2021
Future Market Insights forecasts impressive growth on card for the hyperbaric oxygen therapy devices market. The study presents a comprehensive overview, covering factors driving sales across various segments including product and application
DUBAI, U.A.E, July 5, 2021 /PRNewswire/ -- ESOMAR-certified consulting firm Future Market Insights (FMI) has recently published a report on the global hyperbaric oxygen therapy devices (HBOT) market for the forecast period of 2021-2031. According to the report, the market is expected to flourish, rising at a CAGR of 9% during the assessment period.
According to Undersea and Hyperbaric Medical Society, hyperbaric oxygen therapy devices work in alliance with maximal goal-directed critical care therapy, antibiotic therapy, and surgical debridement.
Rising demand for necrotizing soft tissue infections is fuelling the demand for hyperbaric oxygen therapy devices in global market. Key players are focusing on producing cheaper products so that it can be available in remote corners of the world.
Cases of diabetes and ischemic stroke are rising. According to the World Health Organization (WHO), almost 422 million people are suffering from diabetes globally and diabetes can cause numerous ailments. The rising cases of chronic ailments will continue fuelling demand in the market.
Hyperbaric oxygen therapy devices can be helpful for treating COVID-19 patients with effective oxygenation during pandemic. This is one of the key factors driving sales amid pandemic outbreak.
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Key Takeaways from FMI's Hyperbaric Oxygen Therapy Devices Market Study
"Rising government expenditure in healthcare and medical facility across the globe is encouraging demand for hyperbaric oxygen therapy devices market," says a FMI analyst.
Who is Winning?
Some of the key players operating in the global hyperbaric oxygen therapy devices market are ETC BioMedical Systems, Fink Engineering Pty, Ltd., Gulf Coast Hyperbarics, Inc., HAUX-LIFE-SUPPORT GmbH, Hearmec Co., Ltd., Hyperbaric SAC, IHC Hytech B.V., OxyHeal Health Group, Sechrist Industries, Inc., and SOS Medical Group, Ltd.
Leading hyperbaric oxygen device manufacturers are investing in launching cheaper and modern medical devices to cater to a larger consumer base. Players are also focusing on mergers and acquisition to form an alliance with regional manufacturers and strengthen supply chain.
In 2020, Perry Baromedical Corporation acquired Environmental Tectonics Corporation (ETC) Biomedical system's hyperbaric division. This acquisition aided Perry Biomedical Corporation in enhancing the U.S. base and penetrating Asian Pacific Markets.
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More Insights on the Global Hyperbaric Oxygen Therapy Devices Market
In the latest study, Future Market Insights gives a detailed insight on the global hyperbaric oxygen therapy devices market, providing historical data for the period from 2016 to 2020 and forecast statistics for the period of 2021-2031. To understand the global market potential, its growth, and scope, the market is segmented on the basis of:
Key Questions Covered in the Report
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Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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