Medical Ozone Therapy Market Is Estimated to Witness High Growth Owing To Increasing Geriatric Population

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The medical ozone therapy Market is estimated to be valued at US$ 792.3 Bn in 2024 and is expected to exhibit a CAGR of 5.9% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Key Market Dynamics: The increasing geriatric population is one of the major drivers propelling the growth of the medical ozone therapy Market. As per the United Nations, the global geriatric population, aged 65 years or older, is projected to reach nearly 1.5 billion in 2050 from 703 million in 2019. Moreover, aging leads to various chronic diseases such as joint disorders, which increases the demand for medical ozone therapy for fast recovery. Rising prevalence of chronic wounds among elderly patients is also fueling the market growth. In addition, increasing R&D activities for new applications of medical ozone therapy is augmenting the market growth.

Key Market Trends: Increasing demand for minimally invasive procedures is one of the key trends noted in the medical ozone therapy Market. Minimally invasive surgeries lead to less scarring, shorter hospital stays, and quicker recovery time as compared to traditional open surgeries. Medical ozone therapy is a minimally invasive procedure which enables faster healing and recovery.

Moreover, growing preference for alternative medical treatments over conventional treatments is another major trend in the market. Conventional treatments are often associated with various side effects. Hence, patients are increasingly opting for medical ozone therapy as an alternative therapy due to its negligible side effects.

Major Market Opportunity 1: Dermatology

Medical ozone therapy is finding increasing applications in dermatology. Ozone therapy can help treat several skin conditions such as acne, dermatitis, psoriasis, and fungal infections. Ozone facilitates cellular oxidation reactions which helps clear toxins and stimulates collagen production for wound healing. It also has anti-inflammatory and anti-microbial properties making it useful for treating various dermatological disorders. The global dermatology market size was valued at over USD 25 billion in 2020 and is projected to grow at a CAGR of over 7% during 2022-2030. The increasing demand for minimally invasive treatments for skin issues will drive the adoption of ozone therapy in dermatology, providing opportunities for market players.

Major Market Opportunity 2: Orthopedics

Ozone therapy is gaining traction in the orthopedics segment for treating joint disorders like arthritis, herniated discs, and pain associated with injuries. The anti-inflammatory effects of ozone help reduce joint and muscle pain while stimulating revascularization and tissue regeneration. Ozone also facilitates the elimination of chemical inflammation mediators and improves microcirculation in affected areas. The global orthopedic market was valued at over USD 50 billion in 2020 and is projected to grow at a CAGR of 4-6% during 2022-2030. Growing awareness about the benefits of ozone therapy in orthopedic applications without any side effects will create opportunities in this segment.

Key Market Takeaways: The global medical ozone therapy market size is anticipated to witness a CAGR of 5.9% during the forecast period 2023-2030, owing to the increasing adoption of minimally invasive therapies.

On the basis of type, the major oxygen-ozone therapy segment is expected to hold a dominant position, owing to its widespread usage for treating musculoskeletal disorders and various skin conditions.

On the basis of application, the orthopedic and dermatology segments are expected to hold over 60% share collectively, due to rising demand for ozone therapy in treating joint diseases and skin disorders.

Regionally, North America is expected to hold a dominant position over the forecast period, due to high awareness levels and healthcare spending.

Competitor Insights: PROMOLIFE, Chemtronics, Ozone Solutions, Dr. Hänsler, Ozonosan GmbH.

Recent Developments in Medical ozone therapy Market

Increasing Adoption of Ozone Therapy For Chronic Diseases Treatment

Ozone therapy has emerged as an effective alternative treatment option for various chronic diseases and conditions in the recent years. The therapy involves introducing ozone into the body in a controlled manner either through injection or through autohemotherapy which helps stimulate the immune system and induce production of antioxidants in the body. There has been significant rise in adoption of ozone therapy for treatment of chronic diseases like arthritis, diabetes, cardiovascular diseases, liver disorders etc.

Various clinical studies and research have proven the therapeutic benefits of medical ozone in improving symptoms and managing chronic diseases. For example, a study published in June 2023 evaluated the effectiveness of ozone therapy in treatment of diabetic foot ulcers in 60 patients. The results showed complete healing of foot ulcers in 85% of patients receiving ozone treatment along with standard therapy within average of 8 weeks as compared to 52% patients receiving only standard care. Such successful clinical outcomes have increased confidence among patients and healthcare providers about ozone therapy.

Expanding Applications In Orthopedic And Musculoskeletal Conditions

Ozone therapy is increasingly being used for treatment of various orthopedic and musculoskeletal conditions due to its anti-inflammatory and analgesic properties. Several clinical trials have demonstrated the efficacy of medical ozone in speeding up recovery from bone fractures, tendon injuries, herniated discs etc. A study conducted in July 2023 on 60 patients with lumbar disc herniation found that intradiscal and paravertebral injection of medical ozone provided effective and long lasting pain relief in 80% patients and helped avoid surgery in majority cases.

Similarly, ozone therapy is gaining popularity for management of osteoarthritis and rheumatoid arthritis. The anti-inflammatory effects of ozone helps reduce joint swelling and pain. A clinic based study published in August 2023 analyzed outcomes of 300 arthritis patients treated with weekly cycles of medical ozone injections. It reported over 70% improvement in symptoms including joint mobility and reduction in medication requirements at 3 months follow up. Such evidence is supporting increasing utilization of ozone therapy in orthopedics.