Wound care management involves dressings, equipment, and other aids, such as bandages, gels, and ostomy drainage bags, designed to prevent and treat wounds, as well as to promote or accelerate wound healing. Oxygen Therapy is defined as a technique of delivering higher pressures of oxygen (100% oxygen under a pressure greater than one atmosphere) to the body’s tissues for the purpose of wound healing. GlobalData uses proprietary data and analytics to provide a comprehensive report on the oxygen therapy devices market in India. Buy the latest report here.
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In 2023, GlobalData’s Market Model methodology determined that the leading player in the oxygen therapy devices market in India was IHC Hytech followed by Perry Baromedical, Environmental Tectonics, Sechrist Industries and Haux-Life-Support.
Understanding market size can be crucial to evaluate opportunities and make informed decisions about market entry and exit. Medical device companies can identify attractive segments in respective markets as well as develop marketing strategies based on forecasts for those segments.
There are two methods of administration: Systemic Oxygen Therapy (also known as Hyperbaric Oxygen Therapy, or HBOT) and Topical oxygen therapy. This includes Hyperbaric Oxygen Chambers.
The oxygen therapy devices market in India can expand or contract due to a variety of reasons including population demographics, disease incidence and prevalence, macroeconomic issues, and geopolitical considerations. Disruption to a market could be caused by a sudden, unexpected change in these factors, but it could also be driven by changes in clinical practice, leading to a change in diagnosis or treatment of patients, as part of a process to generally improve medical practice.
For the latest analysis of the market size oxygen therapy devices in India, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Medical Intelligence Center Market Models are the gold standard of medical device market valuation, company share estimation and market trend forecasting. GlobalData uses a patient-based forecast model or installed base methodology to determine the market size for therapeutic indications and capital equipment expenditures. Estimates are based on a number of sources, including primary research—KOL and industry contact interviews—and secondary research, such as company reports, press releases, published articles, proprietary databases, and general news media.
