Does oxygen heal skin?
A new study suggests that brief exposures to pure oxygen not only help chronic and other hard-to-heal wounds heal completely, such exposures also help wounds heal faster. Ohio State University surgical scientists used topical oxygen therapy to treat 30 patients with a total of 56 wounds.
• Provides a greater oxygen diffusion gradient and increased tissue oxygenation
• Creates non-contact sequential compression, which helps reduce peripheral edema and stimulates wound site perfusion
• Has been shown to reverse wound tissue hypoxia, creating an environment that destroys unwanted pathogens, combats infection, and stimulates the cellular mechanisms needed to form new blood vessels
• Easily applied and integrated into any acute, long-term care and/or home care setting
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.
The global topical oxygen therapy market was estimated at $19,889.74 thousand in 2021, and is anticipated to hit $27,721.76 thousand by 2031, registering a CAGR of 3.4% from 2022 to 2031.
The homecare segment held the major share in 2021-
By application, the homecare segment accounted for more than two-fifths of the global topical oxygen therapy market revenue in 2021, and will dominate by 2031. This is attributed to easy using features of TOT at home. At the same time, the hospitals segment would manifest the fastest CAGR of 4.2% during the forecast period. Growing adoption of these devices in hospitals propels the segment growth.
North America Topical Oxygen Therapy Market to Dominate by 2031-
By region, 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.
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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