Global Hyperbaric Oxygen Therapy Device Market is projected to grow at a decent rate of 6.5% by 2026

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Hyperbaric oxygen therapy 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.

Technological Advancements, Major Application Horizon and Awareness Campaigns are driving the HBOT Market Growth

HBOT devices were originally designed to use for decompression sickness and other diving complications. Nowadays, due to advancements in technologies HBOT treats a wide range of conditions such as cosmetic procedures, wound healing, Alzheimer’s disease, gas embolism, radiation tissue damage (ORN), and refractory osteomyelitis, including life-threatening emergencies. Recently, many developments have been made to improve the quality of life of patients such as:

• In May 2021, C?tisCare, a leader in wound care and hyperbaric management, launched the Hyperbaric Aware website and a national campaign to elevate awareness of hyperbaric oxygen therapy.
• In November 2019, AHA Hyperbarics introduced the AHA Flex V2, a new model of innovative high-pressure medical hyperbaric chambers that are specifically built to meet the growing need for HBOT safety and efficacy.

Market Challenges: Hyperbaric Oxygen Therapy Devices Market

The high costs associated with HBOT treatment which requires multiple sessions, reimbursement issues, and complications after HBOT are some of the key factors that are likely to hamper the HBOT devices market growth in the coming years.

Geographic Overview: North America Leads the Adoption of Hyperbaric Oxygen Therapy Devices Market

From a geographical perspective, North America holds a major 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 in the region.

Competitive Landscape Analysis: Hyperbaric Oxygen Therapy Devices Market

Some of the top and promising players operating in the global hyperbaric oxygen therapy devices market are Perry Baromedical Inc., Haux-Life Support, PCCI, Fink Engineering, Sosgroup, Hearmec, OxyHealth, and Environmental Tectonics Corporation, among others.

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