Ozone is known for its superior disinfectant properties in comparison to substitutes such as chlorine. The European ozone therapy market dominates the global industry and controls approximately two thirds of the revenue share from worldwide market. The ozone therapy in dermatology market is projected to grow at a stead CAGR of ~5 per cent to reach an overall value of ~ USD 400 million by the end of 2027.
Ozone devices are currently dominating the market and they account for ~ 45 per cent of the global share surpassing that of topical medication options such as ozonated oils and creams. The growth of the ozone devices can be largely attributed to greater preference by patients on ozone therapy treatments in clinics.
These insights are derived from the intelligence report, titled, "Ozone Therapy in Dermatology Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2027" which has been added recently to the Market Research Hub’s (MRH) ever-expanding repository.
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German Players Have Substantial Impact on Industry
Ozone therapy has been used across Europe for decades, and a large number of relevant therapists are situated in Germany. This has resulted in in more research and development activities for better results for patients. In 2018, German companies worked to increase the scope of applications of ozone through direct administration for healthy blood circulation. Enterprises such as Ozonosan and Humares GmbH, have created devices for revitalization.
However, the U.S. FDA has deemed ozone as a toxic substance with no useful application in medicine, which can cause health hazards. This approach has substantially restricted the market for ozone generators and medical applications in North America.
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Ozone Therapy in Dermatology Market: Report Insights
The report comprises a detailed analysis to bolster the report on the ozone therapy in dermatology market. In addition, the report strongly focuses on the various facets in the market that are expected to have an impact on the development of the ozone therapy in dermatology market in different scenarios. Some of these factors include, drivers, restraints, opportunities, and trends. Further, the report also focuses on the segmentation of the market that provides an exhaustive analysis on ozone therapy in dermatology.
Furthermore, the report accurately describes benchmarking standards that are aimed towards assessing the performance of the products, solutions and medical processes. Benchmarking also emphasizes on the performances of rival companies, with the aim of improving on performance.
The analysis of the competitive scenario of the ozone therapy in dermatology market relies on Porters’ Five Force Analysis. Additionally, the Porters’ Five Force Analysis offers an analysis on the potential strategies of the players in the ozone therapy in dermatology market. The business strategies depends upon product portfolios, recent developments, company profile, SWOT analysis, and key differentiation.
Ozone therapy in dermatology Market: Research Approach
The report on ozone therapy in dermatology relies on primary research and secondary research that offers intelligence insights on the market. Nevertheless, the report focuses on authentic and unbiased sources that have had a substantial impact in the preparation of the report. On the other hand, the report also relies upon primary sources that are developed through analysis from experts, telephonic interviews, and detailed analysis from analysts, and surveys. In addition, the secondary sources of data incorporates EC filings, press releases, trade journals, government websites, and databases.
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Ozone Therapy in Dermatology: Lack of FDA Approval Restricts the Use of Ozone in Medical Treatments
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