The introduction of various innovative products, growing prevalence of chronic disorders, rising geriatrics population and upsurge in the cases of accidents are expected to be the major factors affecting the industry growth in the forecast period.
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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The report puts an emphasis on the information regarding the key players with a special focus on their company profile, business overview, recent advancements, product catalog, and strategic business plans. It provides a comprehensive overview of the strategic alliances in the market under taken by the key players such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches, brand promotions, and corporate deals, among others.
Key companies operating in the market and profiled in the report 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.
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The Pressure Ulcers Treatment market takes into account major geographical locations such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa to offer key insights into market growth, market size, market share, revenue growth, current and emerging trends, supply and demand ratio, import/export, consumer demand and behavior, and presence of key players in each region. The report offers an in-depth country wise analysis to impart better understanding of the market and its growth prospects.
Segments Covered in the report
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
Key Regions Analyzed in the Report include:
- 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 APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Rest of MEA
Furthermore, it consists information about individual segment of the Pressure Ulcers Treatment market based on the types and application. The report also offers insights about the key segments expected to register significant revenue growth over the forecast period and primary trends influencing their growth. It also offers CAGR and market share values for each segment to provide clear understanding of demand and trend in the global market.
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.
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