NEW YORK, May 12, 2014 /PRNewswire/ -- Oxygen Biotherapeutics, Inc. OXBT Today, approximately 8% of the world's population is over the age of 65; and that number is expected to double in less than 40 years. As the world's population ages in the coming years, the demand for critical care services will undoubtedly increase in both developed and underdeveloped countries across the world. In fact, GBI Research estimates that the size of this market will grow from $2.3 billion in 2012 to $3.2 billion in 2019.
Just one example within this critical care market can be seen in the case of heart failure, which affects more than 20 million people around the world with nearly a quarter of occurrences here in the US. Considering most people suffering from chronic heart failure, or more specifically Acute Decompensated Heart Failure (ADHF), are over the age of 65, the likelihood of incidences increasing in the future is high. One such company that should benefit from the growth in this market, and the critical care market in general, is Oxygen Biotherapeutics.
Oxygen Biotherapeutics is a specialty pharmaceutical company focused on developing and commercializing drugs for critical care patients. The company's efforts are centered on two of their lead products – Levosimendan and Oxycyte. Levosimendan is primarily for use in patients with ADHF and Low Cardiac Output Syndrome (LCOS), while Oxycyte is currently being evaluated for the treatment of traumatic brain injury (TBI), decompression illness (DCI) aka "the bends" and stroke.
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