Number of pages: 100 | Report Format: PDF | Published date: March 29, 2023
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023-2031
According to the deep-dive market assessment study by Growth Plus Reports, the global ozone therapy in dermatology market was valued at US$ 299.5 million in 2022 and is expected to register a revenue CAGR of 5.12% to reach US$ 469.5 million by 2031.
Ozone Therapy in Dermatology Market Fundamentals
Ozone therapy in dermatology is a medical technique that uses ozone gas to treat various skin conditions. Ozone is a gas made up of three oxygen molecules. It has been found to have therapeutic properties due to its ability to increase oxygen delivery to tissues and enhance immune system function. In ozone therapy, a small amount of ozone gas is applied to the affected skin area using various techniques, including injections, topical application, or ozonated oils. The ozone gas then interacts with the skin cells, promoting healing, reducing inflammation, and killing harmful bacteria and viruses. Ozone therapy in dermatology has been used to treat various skin conditions, including acne, eczema, psoriasis, fungal infections, and wounds. Ozone therapy has been shown to have antibacterial and anti-inflammatory properties, which can help reduce acne’s severity. It can be administered topically or as a part of a comprehensive treatment plan. Similarly, it also helps reduce the signs of aging by increasing collagen and elastin production, which is essential for healthy, youthful-looking skin.
Ozone Therapy in Dermatology Market Dynamics
The prevalence of skin diseases, such as acne, psoriasis, eczema, and others, is increasing globally, leading to a rise in demand for effective treatment options, which is the primary driver for the revenue growth of the global ozone therapy in dermatology market. For instance, according to the American Academy of Dermatology Association report, acne is one of the most common skin conditions in the U.S., affecting 50 million individuals annually. Ozone therapy is a non-invasive and natural treatment option that is gaining popularity among patients looking for alternatives to conventional treatments, such as medications and surgeries, eventually boosting the global ozone therapy in dermatology market revenue growth. Additionally, healthcare expenditure is rising globally, increasing spending on research and development of new therapies, including ozone therapy in dermatology. There is a growing awareness among patients and healthcare professionals about the benefits of ozone therapy in dermatology, which is propelling the demand for this treatment option. Furthermore, the development of new and advanced ozone therapy devices and techniques is fueling the revenue growth of global ozone therapy in dermatology market, making the treatment more effective and efficient.
However, there are regulatory challenges surrounding the usage of ozone therapy in some countries, which could limit its adoption and revenue growth in those regions. Similarly, the availability of ozone therapy in dermatology is limited in many areas, which could also limit its adoption and change. Ozone therapy can be expensive, which could restrict its adoption among patients who cannot afford the treatment. Additionally, potential adverse effects and lack of trained professionals are some restraints impeding the ozone therapy in dermatology market revenue growth.
Ozone Therapy in Dermatology Market Ecosystem
The global ozone therapy in dermatology market is analyzed from four perspectives: type, application, end-user, and region.
Ozone Therapy in Dermatology Market by Type
Based on the type, the global ozone therapy in dermatology market is segmented into devices and medications.
The devices segment dominated the market with the principal revenue share in 2022, attributed to the growing adoption of ozone therapy, technological advancement, and the cost-effectiveness of ozone therapy devices. Devices include ozone generators, syringes, and other accessories for administering ozone therapy. Ozone generators produce ozone gas, which is used for ozone therapy. These generators come in different sizes and capacities and can be used for medical and non-medical applications. Accessories such as tubing and connectors are also used to deliver ozone therapy. These aspects contribute to the revenue growth of the devices segment.
Ozone Therapy in Dermatology Market by Application
Based on the application, the global ozone therapy in dermatology market is segmented into eczema, acneiform eruption, psoriasis, mycosis, herpes, and others.
The herpes segment dominated the market with the largest revenue share in 2022, owing to the rising incidence of herpes-related diseases. For instance, according to the WHO’s March 2022 factsheet, an estimated 3.7 billion people under age 50 globally suffer from herpes simplex virus type 1 (HSV-1) infection, and 491 million people aged 15-49 globally suffer from HSV-2 infection. Ozone therapy is used to treat herpes infections, including both HSV-1 and type 2 (HSV-2). Herpes infections are common viral infections affecting the skin and mucous membranes. While there is no cure for herpes, antiviral medications are typically used to manage outbreaks and prevent transmission. However, ozone therapy is a promising treatment option for herpes infections, particularly for patients who are resistant to or unable to tolerate antiviral medications. Ozone therapy promotes the immune system’s response to the virus and reduces inflammation and swelling in the affected area. It can be administered through various methods, including topical application, injections, or ozonated oils. Ozone therapy is effective in reducing the frequency and severity of herpes outbreaks, promoting healing, and reducing pain associated with herpes infections. These factors contribute to the revenue growth of the herpes segment.
The eczema segment accounts for a prominent revenue share in the market. Eczema, or atopic dermatitis, is a chronic skin condition that causes inflammation and itching. Ozone therapy is effective in reducing inflammation and itching associated with eczema. It works by increasing blood flow and oxygen supply to the affected area, promoting tissue regeneration, and reducing the production of inflammatory cytokines. Ozone therapy is considered a safe and effective alternative to traditional treatments for eczema, such as topical steroids. Its minimal side effects make it an attractive treatment option for patients who cannot tolerate or do not want to use traditional treatments. Promolife, a US-based company, offers ozone therapy products, including ozone generators, saunas, and accessories. They also provide ozone therapy training and education for healthcare professionals.
Ozone Therapy in Dermatology Market by End-user
Based on the end-user, the global ozone therapy in dermatology market is segmented into dermatological clinics, hospitals, and others.
The dermatological clinics segment is a key player in ozone therapy in dermatology market, with the largest revenue share in 2022. These clinics are the primary place to visit for skin-related infections. Dermatological clinics have trained professionals familiar with various treatment options, including ozone therapy. This segment is expected to drive the adoption of ozone therapy in dermatology as trained professionals become more familiar with the technique. Patients are becoming more aware of the benefits of ozone therapy in dermatology and are seeking out clinics that offer the treatment. Dermatological clinics are also expected to benefit from these therapies and increase their adoption of ozone therapy to meet patient demand. These factors contribute to the revenue growth of the dermatological clinics segment.
The hospitals segment accounted for the second-largest revenue share in 2022. Hospitals are using ozone therapy as an alternative to traditional treatments that may have side effects or be less effective. Ozone therapy is also being used as a complementary treatment option to enhance the efficacy of conventional therapies. Hospitals have access to advanced medical equipment and technologies necessary for ozone therapy. They also have skilled medical professionals who are trained in administering ozone therapy and managing any complications that may arise. Hospitals have a network of healthcare professionals who can collaborate and provide a multidisciplinary approach to patient care. This can benefit patients with complex dermatological conditions that require a combination of treatments. Hospitals are often involved in clinical trials and research studies, which can help advance the understanding of ozone therapy and improve patient treatment outcomes. These factors contribute to the revenue growth of the hospital segment.
Ozone Therapy in Dermatology Market by Region
Geographically, the global ozone therapy in dermatology market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Europe dominated the global ozone therapy in dermatology market with the largest revenue share in 2022, attributed to the increase in the prevalence of skin diseases and the presence of key market players. For instance, according to the National Center for Biotechnology Information’s article of March 2022, an estimated 94 million Europeans have unpleasant skin disorders, including fungal skin infections, atopic dermatitis, and acne. Additionally, the presence of well-established healthcare infrastructure, an increase in healthcare expenditure, and favorable reimbursement policies are expected to contribute to the market revenue growth in Europe. The region’s companies are investing in research and development to improve ozone therapy devices and expand their product offerings, which will drive the revenue growth of ozone therapy in dermatology market.
Ozone Therapy in Dermatology Market Competitive Landscape
The competitive landscape for ozone therapy in dermatology is still in its early stages, as the market is relatively small and emerging. However, several companies and clinics are actively involved in this field, offering ozone therapy treatments and products for various skin conditions.
The prominent players operating in the global ozone therapy in dermatology market are:
Ozone Therapy in Dermatology Market Strategic Developments
Ozone therapy in dermatology is a medical technique that uses ozone gas to treat various skin conditions.
The global ozone therapy in dermatology market is expected to reach US$ 469.5 million by 2031.
The ozone therapy in dermatology market is expected to register a revenue CAGR of 5.12% during the forecast period from 2023 to 2031.
The potential adverse effects and lack of trained professionals restrict the global market revenue growth to its full potential.
Some prominent players operating in the global ozone therapy in dermatology market are The Ozone Company, Promolife, Zotzmann & Hese KG, Ozolabs, LLC, and Mettler Toledo.
*Insights on financial performance are subject to the availability of information in the public domain