Rising Prevalence of Chronic Wounds Drives Growth in Topical Oxygen Therapy Market

Topical oxygen therapy is a medical treatment that involves applying concentrated oxygen to a wound or affected area to promote healing. The topical oxygen therapy market includes products and services related to this treatment, such as topical oxygen creams, gels, dressings, and devices.

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, registering a CAGR of 3.4% from 2022 to 2031. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.

This therapy is often used for chronic wounds, such as diabetic foot ulcers, pressure ulcers, and venous leg ulcers, that have not responded to other treatments. The therapy helps to increase the oxygen supply to the wound, which can stimulate the growth of new tissue and promote healing.

The topical oxygen therapy market is expected to grow due to the increasing prevalence of chronic wounds, the aging population, and the growing demand for advanced wound care products. The market includes various companies that offer topical oxygen therapy products and services, including healthcare providers, medical device manufacturers, and pharmaceutical companies.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭:

https://www.alliedmarketresearch.com/request-sample/17353

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.

𝐀𝐬𝐤 𝐭𝐨 𝐎𝐮𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐄𝐱𝐩𝐞𝐫𝐭:

https://www.alliedmarketresearch.com/request-for-customization/17353?reqfor=covid

𝐓𝐡𝐞𝐫𝐞 𝐚𝐫𝐞 𝐬𝐞𝐯𝐞𝐫𝐚𝐥 𝐟𝐚𝐜𝐭𝐨𝐫𝐬 𝐭𝐡𝐚𝐭 𝐜𝐚𝐧 𝐢𝐦𝐩𝐚𝐜𝐭 𝐭𝐡𝐞 𝐠𝐫𝐨𝐰𝐭𝐡 𝐚𝐧𝐝 𝐝𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 𝐨𝐟 𝐭𝐡𝐞 𝐭𝐨𝐩𝐢𝐜𝐚𝐥 𝐨𝐱𝐲𝐠𝐞𝐧 𝐭𝐡𝐞𝐫𝐚𝐩𝐲 𝐦𝐚𝐫𝐤𝐞𝐭, 𝐢𝐧𝐜𝐥𝐮𝐝𝐢𝐧𝐠:

Increasing prevalence of chronic wounds: The rising incidence of chronic wounds, such as diabetic foot ulcers and pressure ulcers, is a key driver of the topical oxygen therapy market. According to the World Health Organization, over 9 million people are affected by chronic wounds globally.

Aging population: The aging population is more susceptible to chronic wounds, which is driving the demand for advanced wound care products, including topical oxygen therapy.

Technological advancements: The development of new and advanced topical oxygen therapy products and devices is expected to drive market growth. For example, the introduction of portable and wearable topical oxygen therapy devices is making treatment more convenient and accessible for patients.

Increasing healthcare expenditure: The increasing healthcare expenditure in developed and developing countries is driving the demand for advanced wound care products and services, including topical oxygen therapy.

Lack of awareness: The lack of awareness about the benefits of topical oxygen therapy among healthcare professionals and patients can act as a restraint on market growth.

Overall, the topical oxygen therapy market is expected to grow in the coming years due to the increasing prevalence of chronic wounds and the growing demand for advanced wound care products and services.

𝐓𝐡𝐞 𝐭𝐨𝐩𝐢𝐜𝐚𝐥 𝐨𝐱𝐲𝐠𝐞𝐧 𝐭𝐡𝐞𝐫𝐚𝐩𝐲 𝐦𝐚𝐫𝐤𝐞𝐭 𝐜𝐚𝐧 𝐛𝐞 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐞𝐝 𝐛𝐚𝐬𝐞𝐝 𝐨𝐧 𝐩𝐫𝐨𝐝𝐮𝐜𝐭 𝐭𝐲𝐩𝐞, 𝐚𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧, 𝐞𝐧𝐝-𝐮𝐬𝐞𝐫, 𝐚𝐧𝐝 𝐫𝐞𝐠𝐢𝐨𝐧.

Product type:

Creams
Gels
Dressings
Devices

Application:

Chronic wounds
Surgical wounds
Burn wounds
Others

End-user:

Hospitals
Clinics
Ambulatory Surgical Centers
Homecare Settings

Region:

North America
Europe
Asia-Pacific
Latin America
Middle East and Africa

These segments can help companies and investors understand the different aspects of the topical oxygen therapy market and identify potential opportunities for growth and development.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧:

https://www.alliedmarketresearch.com/request-for-customization/17353

𝐊𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲-

Inotec AMD Ltd.
RashEndZ Inc.
GWR Inc.
AOTI, Inc.
EO2 Concepts
Mölnlycke Health Care AB
OxyBand Technologies
OGENIX

We also Offers Regional and Country Reports-

North America Topical Oxygen Therapy Market
Japan Topical Oxygen Therapy Market
South Korea Topical Oxygen Therapy Market
Singapore Topical Oxygen Therapy Market
Australia Topical Oxygen Therapy Market
Europe Topical Oxygen Therapy Market

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