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Topical Oxygen Therapy Market By Product (Single Use Topical Oxygen System, Single Use Adhesive Patch System, Reusable Topical Oxygen System, Transdermal Continuous Oxygen Therapy), By Application (Chronic Wounds, Acute Wounds) - Growth, Future Prospects & Competitive Analysis, 2018 – 2026

Industry Outlook

Topical oxygen therapy market expected to reach by US$ 280.1 Mn by 2026 with CAGR of 3.5% during the forecast period from 2018 to 2026. Factors driving this market include growing incidence of chronic wounds, increasing patient pool of diabetics, and high incidence of wound site infections. Some of the major trends responsible for market growth are increased number of surgical procedures, and technological advancement in advanced wound care. Additionally, evolution of advanced wound management products, introduction of products at subsidized prices and greater number of initiatives undertaken by governments and healthcare organizations will open new opportunities for topical oxygen therapy market during the forecast period from 2018 to 2026. As per the International Diabetes Federation, in 2017, 425 Mn individuals had diabetes, which will ascend to 629 Mn by 2045. Due to rise in population, obesity, unhealthy diets, sedentary lifestyle and aging, there is a growth in the prevalence of diabetes in term of the number of cases and this would act as a key driving force for the topical oxygen therapy market.

In 2017, North America clearly holds the major share in global topical oxygen therapy market, as key companies operating in this market are headquartered in this region. The incidence of chronic wounds is on the rise due to perpetual growth in the pool of geriatric population and lifestyle-associated diseases such as obesity, diabetes and late-onset side effects of radiation therapy. The rising chronic wound incidence such as diabetic foot ulcers & pressure ulcers and increased usage of dressings in surgical procedure will also boost the market. Single-use topical oxygen system by products dominated the market in 2017 and will continue similar trend during the forecast period from 2018 to 2026; while based on the application type chronic wound segment dominated the market of topical oxygen therapy market in 2017.

The United States is leading market in North America, and Asia Pacific is fastest growing market owing to emerging economy, growing healthcare facilities and vast patient pool. Chronic and non-healing wounds further impose significant financial burden to the society in terms of money as well as in productivity. The risk of microbial contamination is high in chronic disease patients and geriatric patients post surgeries due to slower healing process and low immunity. This factor will surge the demand for topical oxygen therapy, and hence it will drive the market during the forecast period from 2018 to 2026.

Market Portraiture

Topical Oxygen Therapy Market

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Growing Incidence of Chronic Wounds Worldwide Boosting the Growth of Topical Oxygen Therapy Market

Currently, single-use topical oxygen systems are the largest product type by value and estimated to retain its prominence, while single use adhesive patch systems expected to record highest CAGR throughout the forecast period from 2018 to 2026. These systems are easy to use and are easily be applied in various healthcare sites such as wound care clinics, home settings, hospitals and nursing homes. These devices are easy to set up and being single use, prevents the occurrence of contamination. Reusable topical oxygen systems are a preferred choice among end users with lower cost requirements. However, these devices could increase risk of contamination thus accounting a considerable CAGR during the forecast period from 2018 to 2026. These factors primarily drive the growth of this segment. This system finds wide application in closing chronic wounds such as diabetic, venous and pressure ulcers. These systems are beneficial in treating post-surgical infections, diseased wounds, infected residual limbs, frostbite, amputations and burns. OxyBand Technologies, Inc.’s product OxyBand wound dressing is the only FDA approved wound dressing product that provides pure oxygen to wound for up to a duration of 5 days, contributing to the overall market growth of single use adhesive patch system segment.

Topical Oxygen Therapy Market

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Topical Oxygen Therapy Market

 

Topical Oxygen Therapy Market

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Historical & Forecast Period

This detailed study offers the analysis of each segment from 2016 to 2026 considering 2017 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each segment is calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

Topical oxygen therapy market study offer the existing market dynamics along with the quantitative analysis of the global market. The report explains the detailed outline of global topical oxygen therapy market by classifying the market in terms of product type, application type, and geography. The objective of publishing this widespread research report is to support the healthcare professionals and market investors in making better conclusions and strategic initiatives in the topical oxygen therapy market.

ATTRIBUTE DETAILS
Research Period  2016-2026
Base Year 2017
Forecast Period  2018-2026
Historical Year  2016
Unit  USD Billion
Segmentation

 Product Type Segment (2016–2026; US$ Mn)
 • Single use topical oxygen system
 • Single use adhesive patch system
 • Reusable topical oxygen system
 • Transdermal continuous oxygen therapy

 Application Type Segment (2016–2026; US$ Mn)
 • Chronic Wounds
   o Diabetic Ulcers
   o Venous Ulcers
   o Pressure Ulcers
 • Acute Wounds
   o Post-amputation
   o Burn Care
   o Post-surgical
   o Skin Grafts
   o Trauma Injuries

 Geography Segment (2016–2026; US$ Mn)
 • North America (U.S., Canada)
 • Europe (U.K., Germany, France, Italy, Spain, Rest of Europe)
 • Asia Pacific (Japan, China, India, Rest of APAC)
 • Latin America (Brazil, Mexico)
 • Middle East and Africa (GCC, Rest of Middle East and Africa)

This detailed study further defines the major qualitative market assessment factors including the main market driver, market trends, and restraints, to help in better understanding of global topical oxygen therapy market. Each market valuation factor comprising challenges, market drivers and opportunities are widely elucidated considering the existing market scenario. This report graphically maps the market players based on their market initiatives and product offering, strategies, and business strength. Moreover, the report provides attractive investment proposition based on the extensive geographical research. Key players profiled in the report includes: AOTI, Inc., OxyCare GmbH, GWR Medical Inc., Inotec AMD Ltd., OxyBand Technologies, Inc., and SastoMed GmbH among others.

Key questions answered in this report

  • What are the existing market trends in the topical oxygen therapy market and valuable opportunities for the players?
  • How the regulatory framework affects the global as well as the regional markets?
  • Which is the largest segment by product type in the topical oxygen therapy market?
  • Which is the fastest growing segment by product type in the topical oxygen therapy market?
  • Which is the largest and fastest growing regional market?
  • How does the FDA approval of products affect the global market?
  • What are the trends and market size in emerging markets such as Asia Pacific, Latin America?
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Published Date:  May 2018
Category:  Medical Devices
Report ID:   59173
Report Format:   PDF
Pages:   120
Rating:    4.5 (65)
Delivery Time: 24 Hours to 48 Hours   
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