Statistics on Global Pressure Ulcers Treatment Market Size & Share to Surpass USD 6.41 Billion by 2028, Exhibit a CAGR of 6.10% | Industry Trends, Value, Analysis & Forecast Report by Zion Market Research
NEW YORK, July 27, 2022 /PRNewswire/ -- As per Zion Market Research study, The global pressure ulcers treatment market was worth around USD 4.50 billion in 2021 and is estimated to grow to about USD 6.41 billion by 2028, with a compound annual growth rate (CAGR) of approximately 6.10 percent over the forecast period.
Pressure Ulcers Treatment Market: Overview
The pressure ulcer treatment industry would benefit from increased awareness campaigns about the availability of various treatment methods. Because of increased skin fragility and thinning of the cell layers, as well as decreased capillary density and cell growth, the aging population is more sensitive to skin wounds, resulting in a delayed healing process. Pressure ulcers are projected to increase due to an aging population and obese patients. Rising red activities, significant unmet demands, and the advancement of therapy & diagnostic technologies will present the pressure ulcer treatment market with attractive chances. With a growing understanding of the adverse effects pressure ulcers have on patients' health and quality of life, the global market for pressure ulcer therapy is expected to increase significantly. Furthermore, as new technologies develop to assist the healthcare industry digital components of infection prevention systems are becoming increasingly popular.
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Key Industry Insights & Findings of the Pressure Ulcers Treatment Market Reports:
- As per the analysis shared by our research analyst, the Pressure Ulcers Treatment Market is expected to grow annually at a CAGR of around 6.10 % (2022-2028).
- Through the primary research, it was established that the Pressure Ulcers Treatment Market was valued at approximately USD 4.50 Billion in 2021 and is projected to reach roughly USD 6.41 Billion by 2028.
- Rising investments by market players in North America regions, as well as clinical trials and pilot testing, are supporting the expansion of the pressure ulcer therapy sector in these areas.
- The pressure ulcer treatment market in North America is expected to be driven by an older population and a high frequency of pressure ulcers among the elderly.
- Asia Pacific regional market is expected to be the fastest-growing regional market due to increased domestic involvement, significant technological progress in the medical business, and better healthcare infrastructure.
- Globally known entities committed to the prevention and treatment of pressure injuries, such as the National Pressure Injury Advisory Panel (NPIAP), have created prospects for growth in the market, lowering the burden of bed sores and prolonged hospital stays.
Zion Market Research published the latest report titled "Pressure Ulcers Treatment Market By Wound (Stage 1, Stage 2, Stage 3, and Stage 4), By Treatment (Inward Pressure Ulcers Treatment and Outward Pressure Ulcers Treatment), By End-Use (Hospital In-patient Settings, Hospital Out-patient Settings, Community Healthcare Centers, and Home Care Centers), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028." into their research database.
Industry Dynamics:
Pressure Ulcers Treatment Market: Growth Drivers
- Rising awareness is likely to pave the way for global market growth.
A significant driver in the global market is increased awareness of pressure ulcers. Globally known entities committed to the prevention and treatment of pressure injuries, such as the National Pressure Injury Advisory Panel (NPIAP), have created prospects for growth in the market, lowering the burden of bed sores and prolonged hospital stays. Furthermore, government leaders in the Asia Pacific and the Middle East have supported MNCs and start-ups investing in the medical and biotechnology industries.
Pressure Ulcers Treatment Market: Restraints
- The high cost of treatment may hamper the market growth.
The high cost of pressure ulcer treatment is due to the use of high-tech technologies, which has a higher cost of maintenance in low-income countries, takes up critical nursing time, and has a massive effect on a hospital's performance ranking. As a result, treatment becomes increasingly unaffordable, which may limit the market expansion and pose significant challenges in the global pressure ulcer treatment market over the projection period.
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Pressure Ulcers Treatment Market: Opportunities
- Growing medical tourism practice to bring significant opportunities in the global market growth.
Medical tourism also allows people to receive high-quality care in well-established medical facilities. Medical tourism is rapidly expanding in Asia. In developing countries, it is cost-effective and provides affordable treatment alternatives, prompt services, high-quality medical care & treatment facilities, well-connected planes, and excellent communication services. As medical tourism grows in undeveloped countries, there are more opportunities for selling pressure ulcer devices in those areas.
Global Pressure Ulcers Treatment Market: Segmentation
- The global pressure ulcers treatment market is segregated based on wound, treatment, end-use, and region.
By wound, the market is classified into stage 1, stage 2, stage 3 and stage 4.
By treatment, the market is classified into inward pressure ulcers treatment and outward pressure ulcers treatment.
By end-use, the market is classified into hospital in-patient settings, hospital out-patient settings, community healthcare centres, and home care centres. The hospital in-patient settings segment dominates the market, accounting for more than 40 percent of global revenue. The hospital in-patient setting segment is expected to have a dominant pressure ulcer treatment market share during the forecast period due to higher adoption rates of pressure ulcer treatment options in hospitals, the presence of required facility skilled staff, and increasing patient preference for hospitals due to favorable policies.
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List of Key Players in Pressure Ulcers Treatment Market:
- Smith & Nephew plc
- Integra Life Sciences
- Hill-Rom Holdings Inc
- Moonlike Health Care AB
- Essity Katabolic
- Cardinal Health
- 3M
- B. Braun Melungeon AG
- Acuity L.P.Inc
- Coloplast Group
- Connate Group plc.
Key questions answered in this report:
- What are the growth rate forecast and market size for Pressure Ulcers Treatment Market?
- What are the key driving factors propelling the Pressure Ulcers Treatment Market forward?
- What are the most important companies in the Pressure Ulcers Treatment Market Industry?
- What segments does the Pressure Ulcers Treatment Market cover?
- How can I receive a free copy of the Pressure Ulcers Treatment Market sample report and company profiles?
Report Scope:
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Recent Developments
- In June 2022, Michelin released MICHELIN Air Prone at the Intensive Care Show 2022, a novel air cushion package created for patients with acute respiratory distress syndrome (ARDS).
- In January 2021, Osiris Therapeutics, a company that produces skin and bone substitutes and specializes in regenerative medicine, was acquired by Smith & Nephew Plc.
Regional Dominance:
- Rising investments are likely to help North America dominate the global market
North America dominates the global pressure ulcers treatment market during the forecast period. Rising investments by market players in these regions, as well as clinical trials and pilot testing, are supporting the expansion of the pressure ulcer therapy sector in these areas. Furthermore, the country's high establishment of nursing care facilities has boosted the market position. The pressure ulcer treatment market in North America is expected to be driven by an older population and a high frequency of pressure ulcers among the elderly.
Asia Pacific regional market is expected to be the fastest-growing regional market due to increased domestic involvement, significant technological progress in the medical business, and better healthcare infrastructure. Furthermore, demand for sealants, devices, and dressings is expected to drive market expansion in the coming years.
Global Pressure Ulcers Treatment Market is segmented as follows:
Pressure Ulcers Treatment Market: By Wound Outlook (2022-2028)
- Stage 1
- Stage 2
- Stage 3
- Stage 4
Pressure Ulcers Treatment Market: By Treatment Outlook (2022-2028)
- Inward Pressure Ulcers Treatment
- Outward Pressure Ulcers Treatment
Pressure Ulcers Treatment Market: By End User Outlook (2022-2028)
- Hospital In-patient Settings
- Hospital Out-patient Settings
- Community Healthcare Centers
- Home Care Centers.
Pressure Ulcers Treatment Market: By Region Outlook (2022-2028)
North America
- The U.S.
- Canada
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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