PUBLISHER: The Business Research Company | PRODUCT CODE: 1704572
PUBLISHER: The Business Research Company | PRODUCT CODE: 1704572
Hyperbaric oxygen therapy (HBOT) is a medical treatment involving breathing pure oxygen in a pressurized chamber or room. It's utilized for various medical conditions such as decompression sickness, carbon monoxide poisoning, non-healing wounds, radiation injuries, and specific infections.
The main product types in the hyperbaric oxygen therapy market are monoplace hyperbaric oxygen therapy, multiplace hyperbaric oxygen therapy, and topical hyperbaric oxygen therapy devices. Monoplace hyperbaric oxygen therapy chambers are designed for a single patient in a reclining position. Applications include wound healing, decompression sickness, infection treatment, gas embolism, among others. These are used by various end-users such as hospitals, clinics, ambulatory surgery centers, and other medical facilities.
The hyperbaric oxygen therapy market research report is one of a series of new reports from The Business Research Company that provides hyperbaric oxygen therapy market statistics, including hyperbaric oxygen therapy industry global market size, regional shares, competitors with a hyperbaric oxygen therapy market share, detailed hyperbaric oxygen therapy market segments, market trends, and opportunities, and any further data you may need to thrive in the hyperbaric oxygen therapy industry. This hyperbaric oxygen therapy research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The hyperbaric oxygen therapy market size has grown rapidly in recent years. It will grow from $4.42 billion in 2024 to $4.92 billion in 2025 at a compound annual growth rate (CAGR) of 11.3%. The growth in the historic period can be attributed to the rising prevalence of chronic wounds and diabetic foot ulcers, increased awareness of hyperbaric oxygen therapy benefits, advancements in medical technology, insurance coverage and reimbursement policies, and growth in the diabetic population.
The hyperbaric oxygen therapy market size is expected to see rapid growth in the next few years. It will grow to $7.48 billion in 2029 at a compound annual growth rate (CAGR) of 11.0%. The growth in the forecast period can be attributed to the growing incidence of soft tissue radio necrosis and carbon monoxide poisoning, increased healthcare expenditure, the expansion of applications in aesthetic medicine, the rising aging population, and research and development in hyperbaric medicine. Major trends in the forecast period include product innovation, integration of hyperbaric oxygen therapy with telemedicine, heightened research and development activities, increasing partnerships, and technological advancements in HBOT equipment.
The increasing prevalence of diabetes is expected to drive the growth of the hyperbaric oxygen therapy (HBOT) market in the coming years. Diabetes is a group of chronic metabolic disorders marked by persistently high blood sugar levels. The rise in diabetes cases is largely attributed to sedentary lifestyles, poor dietary habits, obesity, and genetics. HBOT is commonly used to treat diabetes-related complications, especially diabetic foot ulcers and other non-healing wounds. For example, in 2023, the British Diabetic Association, a UK-based healthcare organization, reported that the number of people in the United Kingdom living with diabetes increased from 4.23 million in 2022 to 4.4 million in 2023. As a result, the growing prevalence of diabetes is driving demand for hyperbaric oxygen therapy.
Leading companies in the hyperbaric oxygen therapy market are focusing on developing innovative products such as hyperbaric chambers to cater to evolving customer needs. Hyperbaric chambers are specialized medical devices that create a pressurized environment for administering HBOT, allowing patients to breathe pure oxygen and improve oxygen delivery to body tissues. For instance, Sechrist Industries Inc. launched the 3300 HM Hyperbaric Chamber in January 2024, designed for enhanced patient comfort and accessibility. It features advanced monitoring systems for real-time tracking of vital signs and chamber conditions, ensuring patient safety. The chamber also incorporates state-of-the-art oxygen delivery systems for optimal efficiency and a user-friendly interface for healthcare professionals.
In July 2023, O2 Worx Ltd, a UK-based company specializing in the manufacturing of pressurized chambers for hyperbaric oxygen therapy (HBOT), formed a partnership with SMP - Submarine Manufacturing & Products Ltd. This collaboration aims to broaden the availability of hyperbaric oxygen chambers by combining O2 Worx's expertise in health and wellness with SMP's established reputation in the medical and diving industries. Together, they plan to facilitate wider adoption, improve training, and offer enhanced services for hyperbaric therapy in new markets. SMP - Submarine Manufacturing & Products Ltd is a UK-based manufacturer and supplier of commercial diving equipment.
Major companies operating in the hyperbaric oxygen therapy market are Healogics LLC, SOS Medical Group Ltd., Environmental Tectonics Corporation, Sechrist Industries Inc., BioBarica Profesionales, Perry Baromedical Corporation, Shanghai Baobang Medical Equipment Co. Ltd., Hyperbaric Modular Systems Inc., Baroks Hyperbaric, Haux-Life-Support GmbH, Haux-Technik GmbH, Hyperbaric SAC, Pan America Hyperbarics Inc., OxyHeal Health Group, Fink Engineering Pty Ltd, AHA Hyperbarics, The Oxybarica Group, NHC Medical And Beauty, Hyperbaric Medical Solutions, Gulf Coast Hyperbarics, Hearmec Co. Ltd., Hpotech Hyperbaric Solutions
North America was the largest region in the hyperbaric oxygen therapy market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hyperbaric oxygen therapy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the hyperbaric oxygen therapy market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The hyperbaric oxygen therapy market consists of sales of hyperbaric oxygen chambers, monitoring and cardiac support devices, oxygen delivery systems, medical gowns, and clear plastic tubes. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Hyperbaric Oxygen Therapy Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on hyperbaric oxygen therapy market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for hyperbaric oxygen therapy ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The hyperbaric oxygen therapy market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.