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%.
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.
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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.
Further key findings from the report suggest
- Various leading companies continue to possess strong presence in the Pressure Ulcers Treatment market through adapting various strategic initiatives such as product launches, collaborations, acquisitions and expansions. For instance, in January 2019, Mölnlycke Health Care AB got into a merger with M&J Airlaid Products A/S which is Denamark-based company and they specialize in high-quality nonwoven absorbent materials.
- Collaboration between key players of the market, Medtronic and Cardinal Health remains key strategic development in the market, where Cardinal Health acquired Medtronic’s deep vein thrombosis, patient care, and nutritional insufficiency sectors leading to which 23 products were added into the company’s product portfolio.
- Furthermore, the prominent industry players are collaborating with other agencies. For instance, InfuSystem Holdings, Inc, a prominent health care service provider, entered into an agreement adding Negative Pressure Wound Therapy (NPWT) to its Integrated Therapy Service (ITS) platform in February 2020.
- The pressure ulcers treatment significantly contributes in the public healthcare expenditure owing to the expensive nature of new innovative advanced wound care products. According to the statistics of NHS UK, 2018, the treatment of category 1 pressure ulcer costs around USD 1800 every day.
The ongoing pandemic is significantly changing the dynamics of the pharma and healthcare sector. Various countries are facing challenges such as shortage of medicines, vaccines, healthcare devices in hospitals. This is expected to open lucrative growth opportunities for market players in the coming years.
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Competitive Landscape:
The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as R&D investments, license agreements, partnerships, merger and acquisitions, collaborations, and joint ventures to gain robust footing in the market.
Top Companies Profiled in the Report:
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.
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Pressure Ulcers Treatment Market Segmentation:
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
Regional Outlook:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Latin America (Brazil, Rest of LATAM)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.
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