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 lifestyleassociated 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 nonhealing 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.
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.
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.
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?
Chapter 1. Preface
1.1. Report Description
1.1.1. Study Purpose
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Market Segmentation
1.4. Research Methodology
1.4.1. Phase I-Secondary Research
1.4.2. Phase II-Primary Research
1.4.3. Phase III-Expert Panel Review
1.4.4. Assumptions
Chapter 2. Executive Summary
2.1. Global TOT Market Portraiture
2.2. Global TOT Market, by Product Type, 2017 (US$ Mn)
2.3. Global TOT Market, by Application Type, 2017 (US$ Mn)
2.4. Global TOT Market, by Geography, 2017 (US$ Mn)
Chapter 3. Global Topical Oxygen Therapy (TOT) Market Overview, 2016-2026 (US$ Mn)
3.1. Overview
3.2. Market Drivers
3.2.1. Rising Incidence of Chronic Wounds in Patients Suffering with Diabetes
3.2.2. Driver 2
3.3. Challenges
3.3.1. Limited Scientific Data For Supporting TOT
3.3.2. Challenge 2
3.4. Opportunities
3.4.1. Improving Public Awareness in Management and Treatment of Wounds
3.5. Attractive Investment Proposition, by Geography, 2017
3.6. Competitive Landscape, by key players, 2017
Chapter 4. Global Topical Oxygen Therapy (TOT) Market, by Product Type, 2016 – 2026 (US$ Mn)
4.1. Overview
4.2. Single-Use Topical Oxygen System
4.3. Single-Use Adhesive Patch System
4.4. Reusable Topical Oxygen System
4.5. Transdermal Continuous Oxygen Therapy
Chapter 5. Global Topical Oxygen Therapy (TOT) Market, by Application Type, 2016 – 2026 (US$ Mn)
5.1. Overview
5.2. Chronic Wounds
5.2.1. Diabetic Ulcers
5.2.2. Venous Ulcers
5.2.3. Pressure Ulcers
5.3. Acute Wounds
5.3.1. Post-amputation
5.3.2. Burn Care
5.3.3. Post-surgical
5.3.4. Skin Grafts
5.3.5. Trauma Injuries
Chapter 6. Global Topical Oxygen Therapy (TOT) Market, by Geography, 2016 – 2026 (US$ Mn)
6.1. Overview
6.2. North America TOT Market, 2016 – 2026 (US$ Mn)
6.2.1. North America TOT Market, by Product Type, 2016 – 2026 (US$ Mn)
6.2.2. North America TOT Market, by Application Type, 2016 – 2026 (US$ Mn)
6.2.3. North America TOT Market, by Country, 2016 – 2026 (US$ Mn)
6.2.3.1. U.S.
6.2.3.2. Canada
6.3. Europe TOT Market, 2016 – 2026 (US$ Mn)
6.3.1. Europe TOT Market, by Product Type, 2016 – 2026 (US$ Mn)
6.3.2. Europe TOT Market, by Application Type, 2016 – 2026 (US$ Mn)
6.3.3. Europe TOT Market, by Country/Region, 2016 – 2026 (US$ Mn)
6.3.3.1. U.K.
6.3.3.2. Germany
6.3.3.3. France
6.3.3.4. Italy
6.3.3.5. Spain
6.3.3.6. Rest of Europe
6.4. Asia Pacific TOT Market, 2016 – 2026 (US$ Mn)
6.4.1. Asia Pacific TOT Market, by Product Type, 2016 – 2026 (US$ Mn)
6.4.2. Asia Pacific TOT Market, by Application Type, 2016 – 2026 (US$ Mn)
6.4.3. Asia Pacific TOT Market, by Country/Region, 2016 – 2026 (US$ Mn)
6.4.3.1. Japan
6.4.3.2. China
6.4.3.3. India
6.4.3.4. Rest of APAC
6.5. Latin America TOT Market, 2016 – 2026 (US$ Mn)
6.5.1. Latin America TOT Market, by Product Type, 2016 – 2026 (US$ Mn)
6.5.2. Latin America TOT Market, by Application Type, 2016 – 2026 (US$ Mn)
6.5.3. Latin America TOT Market, by Country/Region, 2016 – 2026 (US$ Mn)
6.5.3.1. Brazil
6.5.3.2. Mexico
6.5.3.3. Rest of Latin America
6.6. Middle East & Africa (MEA) TOT Market, 2016 – 2026 (US$ Mn)
6.6.1. MEA TOT Market, by Product Type, 2016 – 2026 (US$ Mn)
6.6.2. MEA TOT Market, by Application Type, 2016 – 2026 (US$ Mn)
6.6.3. MEA TOT Market, by Region, 2016 – 2026 (US$ Mn)
6.6.3.1. GCC
6.6.3.2. Rest of MEA
Chapter 7. Company Profiles
7.1. AOTI, Inc.
7.1.1. Business Description
7.1.2. Financial Information (Subject to data availability)
7.1.3. Product Portfolio
7.1.4. Key Developments
7.2. OxyCare GmbH
7.3. GWR Medical, Inc.
7.4. Inotec AMD Ltd.
7.5. OxyBand Technologies, Inc.
7.6. SastoMed GmbH
* TOT - Topical Oxygen Therapy
TABLE 1 Global Topical Oxygen Therapy (TOT) Market Portraiture
TABLE 2 Global TOT Market, by Product Type, 2016 – 2026 (US$ Mn)
TABLE 3 Global TOT Market, by Application Type, 2016 – 2026 (US$ Mn)
TABLE 4 Global Chronic Wounds Market, by Application Type, 2016 – 2026 (US$ Mn)
TABLE 5 Global Acute Wounds Market, by Application Type, 2016 – 2026 (US$ Mn)
TABLE 6 Global TOT Market, by Geography, 2016 – 2026 (US$ Mn)
TABLE 7 North America TOT Market, by Product Type, 2016 – 2026 (US$ Mn)
TABLE 8 North America TOT Market, by Application Type, 2016 – 2026 (US$ Mn)
TABLE 9 North America TOT Market, by Country, 2016 – 2026 (US$ Mn)
TABLE 10 Europe TOT Market, by Product Type, 2016 – 2026 (US$ Mn)
TABLE 11 Europe TOT Market, by Application Type, 2016 – 2026 (US$ Mn)
TABLE 12 Europe TOT Market, by Country/Region , 2016 – 2026 (US$ Mn)
TABLE 13 Asia Pacific TOT Market, by Product Type, 2016 – 2026 (US$ Mn)
TABLE 14 Asia Pacific TOT Market, by Application Type, 2016 – 2026 (US$ Mn)
TABLE 15 Asia Pacific TOT Market, by Country/Region , 2016 – 2026 (US$ Mn)
TABLE 16 Latin America TOT Market, by Product Type, 2016 – 2026 (US$ Mn)
TABLE 17 Latin America TOT Market, by Application Type, 2016 – 2026 (US$ Mn)
TABLE 18 Latin America TOT Market, by Country/Region , 2016 – 2026 (US$ Mn)
TABLE 19 Middle East & Africa TOT Market, by Product Type, 2016 – 2026 (US$ Mn)
TABLE 20 Middle East & Africa TOT Market, by Application Type, 2016 – 2026 (US$ Mn)
TABLE 21 Middle East & Africa TOT Market, by Region, 2016 – 2026 (US$ Mn)
TABLE 22 AOTI, Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 23 OxyCare GmbH: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 24 GWR Medical, Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 25 Inotec AMD Ltd.: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments) TABLE 26 OxyBand Technologies, Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments) TABLE 27 SastoMed GmbH: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
FIG. 1 Market Segmentation for Topical Oxygen Therapy (TOT) Market, 2017
FIG. 2 Global TOT Market: Research Methodology
FIG. 3 Global TOT Market, by Product Type, 2017 (US$ Mn)
FIG. 4 Global TOT Market, by Application Type, 2017 (US$ Mn)
FIG. 5 Global TOT Market, by Geography, 2017 (US$ Mn)
FIG. 6 Attractive Investment Proposition: Global TOT Market by Geography, 2017
FIG. 7 Competition Landscape: TOT Market, by Key Players, 2017
FIG. 8 Global Single-Use Topical Oxygen System Market for TOT, 2016 – 2026 (US$ Mn)
FIG. 9 Global Single-Use Adhesive Patch System Market for TOT, 2016 – 2026 (US$ Mn)
FIG. 10 Global Reusable Topical Oxygen System Market for TOT, 2016 – 2026 (US$ Mn)
FIG. 11 Global Transdermal Continuous Oxygen Therapy Market for TOT, 2016 – 2026 (US$ Mn)
FIG. 12 Global Diabetic Ulcers Market for TOT, 2016 – 2026 (US$ Mn)
FIG. 13 Global Venous Ulcers Market for TOT, 2016 – 2026 (US$ Mn)
FIG. 14 Global Pressure Ulcers Market for TOT, 2016 – 2026 (US$ Mn)
FIG. 15 Global Post-amputation Market for TOT, 2016 – 2026 (US$ Mn)
FIG. 16 Global Burn Care Market for TOT, 2016 – 2026 (US$ Mn)
FIG. 17 Global Post-surgical Market for TOT, 2016 – 2026 (US$ Mn)
FIG. 18 Global Skin Grafts Market for TOT, 2016 – 2026 (US$ Mn)
FIG. 19 Global Trauma Injuries Market for TOT, 2016 – 2026 (US$ Mn)
FIG. 20 U.S. TOT Market, 2016 – 2026 (US$ Mn)
FIG. 21 Canada TOT Market, 2016 – 2026 (US$ Mn)
FIG. 22 U.K. TOT Market, 2016 – 2026 (US$ Mn)
FIG. 23 Germany TOT Market, 2016 – 2026 (US$ Mn)
FIG. 24 France TOT Market, 2016 – 2026 (US$ Mn)
FIG. 25 Italy TOT Market, 2016 – 2026 (US$ Mn)
FIG. 26 Spain TOT Market, 2016 – 2026 (US$ Mn)
FIG. 27 Rest of Europe TOT Market, 2016 – 2026 (US$ Mn)
FIG. 28 Japan TOT Market, 2016 – 2026 (US$ Mn)
FIG. 29 China TOT Market, 2016 – 2026 (US$ Mn)
FIG. 30 India TOT Market, 2016 – 2026 (US$ Mn)
FIG. 31 Rest of Asia Pacific TOT Market, 2016 – 2026 (US$ Mn)
FIG. 32 Brazil TOT Market, 2016 – 2026 (US$ Mn)
FIG. 33 Mexico TOT Market, 2016 – 2026 (US$ Mn)
FIG. 34 Rest of Latin America TOT Market, 2016 – 2026 (US$ Mn)
FIG. 35 GCC TOT Market, 2016 – 2026 (US$ Mn)
FIG. 36 Rest of Middle East & Africa TOT Market, 2016 – 2026 (US$ Mn)
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