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Ozone Therapy Patch Market
Ozone therapy patch is an anti-microbial procedure to kill bacteria and organisms present on the wound, the treatment also accelerates the healing process. Ozone therapy patch is gaining popularity since it is convenient to use and easy to handle. The patch is connected to a small, battery-powered, ozone-generating device which is applied to the wound. The ozone therapy patch is low-cost and very effective in manging antimicrobial resistant treatment. The global ozone therapy patch market is expected to grow rapidly during the forecast period due to the increasing number of antimicrobial resistant infections and skin disorders, and rising technological advancement in the medical industry.
Pandemic coronavirus is believed to have a severe impact on the global ozone therapy patch market. The COVID-19 pandemic has brought on many aspects, like falling business assurance, uncertainty about future, massive slowing of the supply chain, and others. Manufacturing industries are being shuttered around the world due to the global restrictions causing an unusual technology and business model transformation. Due to the disruption in the supply chain, there has been a significant shortage in the supply of ozone therapy patch across the world. Also, due the increased focus on coronavirus, the concern of people towards other diseases is reduced, flow of patients in the hospitals and clinics is largely impacted.
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The increasing prevalence of several microbial skin disorders is the major factor boosting the growth of global ozone therapy patch market across the globe. The rising adoption of ozone therapy patch in developed countries to treat chronic wounds in home care settings is further boosting the global ozone therapy patch market. In addition, increasing advancement in the technology and improved ozone therapies for patient’s body are also expected to drive the global ozone therapy patch market over forecast period. However, the lack of awareness about the device, especially in the developing and underdeveloped countries is expected to hamper the ozone therapy patch market growth.
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On the basis of application, the skin disorders segment is expected to hold the major share in the global ozone therapy patch market due to the rising number of skin disorders across the world. On the basis of end user, hospitals & clinics segment is expected to be the most profitable segment in the ozone therapy patch over the forecast period due to the advanced facilities and higher number of patients flow in the hospitals and clinics.
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Europe is expected to dominate the global ozone therapy patch market due to the increasing number of antimicrobial- resistant infections in the region. In Germany, the ozone therapy are used by approximately 70-80% of practicing physicians and is considered as the standard of care in the country. However, in North America region, the ozone therapy is considered among the most toxic treatments, therefore the adoption rate of ozone therapy patch is low as compared to European market. Europe is expected to maintain its dominance over the forecast period due to the rising demand for ozone therapy patch in the European countries to treat chronic wounds, diabetic ulcers, and skin infections. Asia-Pacific is expected to have a rapid growth in the global ozone therapy patch market over the forecast period due to the rapid economic development and rising healthcare expenditure, and skin disorders in the region.
Some of the market participants in the global ozone therapy patch market identified across the value chain include: PROMOLIFE LTD, Aquolab, HERRMANN Apparatebau GmbH, EVOZONE GmbH, and others.
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