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.
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.
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.
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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