According to the current analysis of Reports and Data, the Pressure Ulcers Treatment market was valued at USD 5.36 billion in 2019 and is expected to reach USD 12.73 billion by the year 2027, at a CAGR of 11.4%. Pressure ulcers which is caused by prolonged pressure on the skin are mostly found in patients who are bedridden due to various reasons such as accident cases of coma or long-term treatments such as chemotherapy. Though it is not deadly disease, but grave injuries due to pressure ulcers may lead to infections and requires immediate treatment.
The growing frequency of accidents in household or on roads is among a key driving factor for the market growth. According to the World Health Organization (WHO), approximately 93% of the world’s fatalities happen on the road in which children and young adults are profoundly affected. Furthermore, the elderly population, which is prone to various chronic diseases, may escalate the market growth widely. The increasing incidences of type-2 diabetes that impact blood supply in the body are also expected to be a driving factor for the market. For instance, according to the International Diabetes Federation (IDF), in 2019, 9.3% of the population, which is 463 million people, had diabetes, and the number is expected to rise to 10.2% (equivalent to 578 million) by 2030.
Additionally, the increase in the number of people preferring for artificial skin substitutes are considerably prone to pressure ulcers and are projected to be driving the market in the forecast period. Many new products and technological innovations by various market players is anticipated to escalate market growth. Presence of high amount of unmet requirements of affected patients present immense business development prospects for existing companies as well as new entrants in the market. The huge costs demanded on wound care products and unfavorable reimbursement policies are expected to be some restraints for the market. The market for preventive treatment therapeutics and devices is projected to expand at a higher rate comparatively, as preventive treatment of pressure ulcers is less costly as compared to treatment of pressure ulcers.
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The report provides a panoramic view of the market and insights that will help formulate better business decisions. In addition to that, the study helps well-established companies and players gain a deeper understanding of the market and make informed decisions. The report also discusses in detail about the key factors influencing the market growth.
Key companies operating in the market include:
Mölnlycke Health Care AB, Smith Nephew plc, Integra LifeSciences, Hill-Rom Holdings, Inc., Essity Aktiebolag, B. Braun Melsungen AG, Acelity L.P., Inc., Cardinal Health, Coloplast Group, and ConvaTec, Inc.
The report covers an extensive analysis of the key market players in the market along with their business overview, expansion plans, and strategies. The report also focuses on recent strategic alliances in the market including mergers and acquisitions, joint ventures, partnerships, agreements, corporate and government deals, product launches, and brand promotions, among others.
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The report aims to provide a better understanding of the market dynamics and the workings of the industry on a global level. To gain a deeper understanding of the industry, the global Pressure Ulcers Treatment market is further segmented on the basis of key geographical regions such as North America, Latin America, Europe, Asia-Pacific, and the Middle East Africa. The report also offers a country-wise analysis to provide crucial insights into market size, market growth, market revenue growth, and economic growth in each region.
On basis of product types and application offered by the Pressure Ulcers Treatment industry, the market is segmented into:
By Product (Revenue in Million USD; 2017–2027)
- Pressure Relief Devices
- High-tech Devices
- Low-tech Devices
- Wound Dressings
- Hydrocolloids
- Polyurethane Film
- Hydrogels
- Collagen
- Foams
- Others
- Wound Care Devices
- Negative Pressure Wound Therapy
- Others
- Others
By Wound (Revenue in Million USD; 2017–2027)
- Stage-1
- Stage-2
- Stage-3
- Stage-4
- Deep Tissue Injury
By End Use (Revenue in Million USD; 2017–2027)
- Hospitals and Clinics
- Community Healthcare Centers
- Homecare
- Others
The regional analysis covers:
- North America
- US.
- Canada
- Mexico
- Europe
- Germany
- UK.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- A.E.
- South Africa
- Rest of MEA
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Benefits of Pressure Ulcers Treatment Market Report:
- Panoramic overview of the opportunities and risks in the Pressure Ulcers Treatment sector
- Study of recent innovations and developments in the industry
- Comprehensive study of the growth pattern of the Pressure Ulcers Treatment industry
- In-depth assessment of the competitive landscape of the key players of the Pressure Ulcers Treatment industry
- Analysis of the Pressure Ulcers Treatment market drivers, constraints, and opportunities
- Assessment of technological developments and latest trends of the industry
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