Topical oxygen therapy is a medical treatment where pure oxygen is delivered to the skin surface through a specialized device. This treatment is typically used to speed up the healing of wounds and injuries, especially for people with certain medical conditions that affect the healing process. The goal of the therapy is to improve the supply of oxygen to the affected area, which can promote the growth of healthy new tissue and reduce the risk of infection.
What is the market size of topical oxygen therapy?
According to the report, the global topical oxygen therapy industry was estimated at $19,889.74 thousand in 2021, and is anticipated to hit $27,721.76 thousand by 2031.
- CAGR: 3.4%
- Current Market Size: USD 19,889.74 Thousand
- Forecast Growing Region: APAC
- Largest Market: North America
- Projection Time: 2020– 2030
- Base Year: 2019
- Report Key Pointer: COVID-19 Outbreak & Impact
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Rise in incidence of chronic wounds, surge in patient pool of diabetics, and high prominence of wound site infections drive the growth of the global topical oxygen therapy market. On the other hand, lack of awareness in developing countries restrains the growth to some extent. However, introduction of topical oxygen therapy in emerging economies is expected to create lucrative opportunities in the industry.
Topical oxygen therapy is primarily used in the following segments:
- Wound Care: To promote the healing of chronic wounds, such as diabetic ulcers, pressure sores, and venous stasis ulcers.
- Plastic and Reconstructive Surgery: To enhance the healing of post-operative wounds and reduce the risk of infection and scarring.
- Dermatology: To treat various skin conditions, such as burns, eczema, and psoriasis.
- Sports Medicine: To speed up the recovery of soft tissue injuries, such as sprains, strains, and contusions.
- Podiatry: To treat foot and ankle injuries, such as plantar fasciitis, ankle sprains, and diabetic foot ulcers.
These are some of the primary segments where topical oxygen therapy is commonly used, however, it may also be used for other medical conditions and treatments, depending on the specific needs of the patient.
Covid-19 scenario-
- The outbreak of the pandemic provided wound care clinicians with an opportunity to change the wound treatment paradigm in favor of home-based care solutions. It took in essential wound care to prevent amputations, thus offering relief to a hospital system in crisis. An in-home technology for the delivery of supplementary oxygen to wounds was the main focus of the therapy. These factors impacted the global topical oxygen therapy market positively.
- Also, removal of strict lockdown and Covid-19 restrictions in 2021 by the majority of the countries coupled with an increase in number of patients visits in hospitals and wound care centers propelled the demand and adoption of wound care devices.
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What is local oxygen therapy for wounds?
Local oxygen therapy for wounds refers to the delivery of concentrated oxygen directly to the wound site through specialized medical devices. The aim of this therapy is to promote the healing of chronic wounds by improving the oxygen supply to the affected area, which can increase the growth of healthy new tissue and reduce the risk of infection. This therapy is often used in wound care, plastic and reconstructive surgery, dermatology, sports medicine, and podiatry to treat a variety of injuries and skin conditions. Local oxygen therapy may be combined with other treatments, such as wound dressings, medications, and physical therapy, to optimize the healing process.
Topical oxygen therapy is commonly used in several applications, including:
- Wound Healing: To promote the healing of chronic wounds, such as diabetic ulcers, pressure sores, and venous stasis ulcers.
- Plastic and Reconstructive Surgery: To enhance the healing of post-operative wounds and reduce the risk of infection and scarring.
- Dermatology: To treat various skin conditions, such as burns, eczema, and psoriasis.
- Sports Medicine: To speed up the recovery of soft tissue injuries, such as sprains, strains, and contusions.
- Podiatry: To treat foot and ankle injuries, such as plantar fasciitis, ankle sprains, and diabetic foot ulcers.
By Regional Analysis:
North America garnered the major share in 2021, holding more than two-fifths of the global topical oxygen therapy market, owing to supportive reimbursement policies in the healthcare system across the province. Simultaneously, Asia-Pacific would cite the fastest CAGR of 4.9% throughout the forecast period. This is due to growing awareness among people regarding benefits of TOT.
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (Japan, China, India, Australia, South Korea, Rest of Asia-Pacific)
- LAMEA (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
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Key players in the industry-
- Inotec AMD Ltd.
- RashEndZ Inc.
- GWR Inc.
- AOTI, Inc.
- EO2 Concepts
- Mölnlycke Health Care AB
- OxyBand Technologies
- OGENIX
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