Dublin, July 02, 2018 (GLOBE NEWSWIRE) -- The "Global Topical Oxygen Therapy Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2018 To 2026" report has been added to ResearchAndMarkets.com's offering.
The global topical oxygen therapy market is projected to reach US$ 280.1 million by 2026, expanding at a CAGR of 3.5% from 2018 to 2026.
Rising incidence of chronic wounds specifically in geriatric population suffering with diabetes is one of the major concerns. At present, single-use topical oxygen system is the largest revenue generating segment owing to the low risk of cross-contamination, user-friendly design, and availability of huge options to select based on the application. Single-use adhesive patch system is the fastest growing product segment, due to portable use, high patient compatibility, improved efficiency and no contamination.
According to the World Alliance for Wound and Lymphedema Care (WAWLS), between five to seven million chronic and/or complex wounds occur every year in North America. The common wounds were pressure ulcers (21%), leg/foot (28%), and surgical/trauma (48%).
The global topical oxygen therapy market is segmented into products and application. The products studied in this report are sub-segmented into single-use topical oxygen system, single-use adhesive patch system, reusable topical oxygen system, and transdermal continuous oxygen therapy.
Additionally, the applications studied in this report is bifurcated into chronic and acute wounds; further, chronic wounds are sub-segmented into diabetic ulcers, venous ulcers, and pressure ulcers. The acute wound is sub-segmented into post amputation, burn care, post-surgical, skin grafts, and trauma injuries. Rising incidence of chronic wounds would additionally boost the topical oxygen therapy market.
Geographically, Asia Pacific is the fastest growing market and North America held the largest stake in terms of revenue in 2017 and projected to remain stable during the forecast period from 2018 to 2026 due to the growing occurrence of chronic wounds & diabetic patients, and the domicile of major market players. As per the American Diabetes Association, in 2017 around 30.3 Mn had diabetes, which is expected to increase at a higher rate.
The ascendancy of North America will be clearly challenged by the Europe. Owing to the strong government support there are huge chances for market diffusion in nations like India, China, and Mexico to the market players at present having a strong hold in developed countries.
The need for topical oxygen therapy systems has become prominent in Asia Pacific owing to the continuous rise in the population, high incidence of chronic wounds, and growing diabetic patient pool in the region which will boost the market during the forecast period from 2018 to 2026.
Key Market Movements
- Global topical oxygen therapy market will experience steady growth with a CAGR of 3.5% during the forecast period from 2018 to 2026
- Rising incidence of chronic wounds and growing diabetic population
- Advancement in the technology of oxygen therapy devices and evolution of advanced wound management products
Key Topics Covered
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 Topical Oxygen Therapy Market Portraiture
2.2. Global Topical Oxygen Therapy Market, by Product Type, 2017 (US$ Mn)
2.3. Global Topical Oxygen Therapy Market, by Application Type, 2017 (US$ Mn)
2.4. Global Topical Oxygen Therapy Market, by Geography, 2017 (US$ Mn)
Chapter 3. Global Topical Oxygen Therapy 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 Topical Oxygen Therapy
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 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 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 Market, by Geography, 2016 - 2026 (US$ Mn)
6.1. Overview
6.2. North America Topical Oxygen Therapy Market, 2016 - 2026 (US$ Mn)
6.2.1. North America Topical Oxygen Therapy Market, by Product Type, 2016 - 2026 (US$ Mn)
6.2.2. North America Topical Oxygen Therapy Market, by Application Type, 2016 - 2026 (US$ Mn)
6.2.3. North America Topical Oxygen Therapy Market, by Country, 2016 - 2026 (US$ Mn)
6.2.3.1. U.S.
6.2.3.2. Canada
6.3. Europe Topical Oxygen Therapy Market, 2016 - 2026 (US$ Mn)
6.3.1. Europe Topical Oxygen Therapy Market, by Product Type, 2016 - 2026 (US$ Mn)
6.3.2. Europe Topical Oxygen Therapy Market, by Application Type, 2016 - 2026 (US$ Mn)
6.3.3. Europe Topical Oxygen Therapy 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 Topical Oxygen Therapy Market, 2016 - 2026 (US$ Mn)
6.4.1. Asia Pacific Topical Oxygen Therapy Market, by Product Type, 2016 - 2026 (US$ Mn)
6.4.2. Asia Pacific Topical Oxygen Therapy Market, by Application Type, 2016 - 2026 (US$ Mn)
6.4.3. Asia Pacific Topical Oxygen Therapy 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 Topical Oxygen Therapy Market, 2016 - 2026 (US$ Mn)
6.5.1. Latin America Topical Oxygen Therapy Market, by Product Type, 2016 - 2026 (US$ Mn)
6.5.2. Latin America Topical Oxygen Therapy Market, by Application Type, 2016 - 2026 (US$ Mn)
6.5.3. Latin America Topical Oxygen Therapy 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) Topical Oxygen Therapy Market, 2016 - 2026 (US$ Mn)
6.6.1. MEA Topical Oxygen Therapy Market, by Product Type, 2016 - 2026 (US$ Mn)
6.6.2. MEA Topical Oxygen Therapy Market, by Application Type, 2016 - 2026 (US$ Mn)
6.6.3. MEA Topical Oxygen Therapy 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
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