HYPERBARIC OXYGEN THERAPY (HBOT) DEVICES MARKET ANALYSIS

Market Challenges And Opportunities

Global Hyperbaric Oxygen Therapy (HBOT) Devices Market: Restraint

The major factors that hinder growth of the global hyperbaric oxygen therapy (HBOT) devices market include high cost of treatment with hyperbaric oxygen therapy. For instance, according to the data published in article Hyperbaric Medical Solutions, it was estimated that the cost per treatment for hyperbaric oxygen therapy was US$ 250 to US$ 600. Hence, because of the high cost of treatment of hyperbaric oxygen therapy, it is difficult for underdeveloped countries such as South Africa, Cambodia to undergo the treatment process.

Increasing prevalence of skin wounds is expected to boost growth of global hyperbaric oxygen therapy devices market

For instance, in September 2020, according to the data published in Advances in Skin and WoundCare journal, a research study was conducted for the analysis of electronic health records of cases and controls for chronic skin wounds in the hospitals. The total prevalence of chronic wounds during the study period was increased and the occurrence of these wounds was correlated with older age, male gender, unemployment and autumn season.  The primary cause of chronic wound was diabetic ulcer and infection. Hence, increased in chronic skin wound and their risk factors resulted in an inpatient hospital setting in northern china.

Increasing launch of awareness campaign are expected to drive the global hyperbaric oxygen therapy devices market growth during the forecast period.

Increasing launch of awareness campaigns by key players in the market is expected to drive market growth over the forecast period. For instance, in May 2022, CutisCare, a wound care management and hyperbaric therapy solutions, announced that they launched a Second Annual Hyperbaric Aware National Campaign to raise awareness in people about Hyperbaric Oxygen Therapy. Hyperbaric Oxygen Therapy is a productive healing option for several chronic conditions. As many people were not aware about the treatment indications, advantages, and the selection criteria of hyperbaric medicine. This campaign promoted the advantages of hyperbaric oxygen therapy which helped the people for long lives and reduce the cost of care while improving the worth of life.