Global Pressure Ulcers Treatment Market

Pressure Ulcers Treatment Market Size, Share, Growth Analysis, By Ulcer Type(Stage 1, Stage 2, Stage 3, Stage 4), By Product Type(Wound care dressings, Wound care devices, Others), By End User(Hospitals, Clinics, Ambulatory Surgical Centers, Home care settings), By Region - Industry Forecast 2024-2031


Report ID: SQMIG35D2045 | Region: Global | Published Date: July, 2024
Pages: 165 | Tables: 92 | Figures: 76

Pressure Ulcers Treatment Market Dynamics

Pressure Ulcers Treatment Market Driver

  • Factors that will expand the pressure ulcer treatment market include an increase in the number of patients with pressure ulcers, rising healthcare expenditure, an increase in the geriatric population, an increase in the adoption of artificial skin substitutes, rising government funding, and rising initiatives by government and private organisations to raise awareness about the negative impact of pressure ulcers on patient health and quality of life.
  • Increased R&D activities, high unmet needs, and the development of treatment and diagnostic methods will provide advantageous opportunities for the pressure ulcer treatment market during the forecast period of 2022-2028.

Pressure Ulcers Treatment Market Restraint 

High costs of treatment and low reimbursement policies: 

  • The high cost of treatment and unfavourable reimbursement policies in low-income countries will impede market growth and pose additional challenges to the pressure ulcer treatment market during the forecast period.
  • The reimbursement for pressure ulcer treatments is quite limited mainly for new and innovative treatments. Also, such treatments are not covered under insurance, which can make it difficult for healthcare providers to offer reimbursement at such scenarios.
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Pressure Ulcers Treatment Market size was valued at USD 5.8 billion in 2019 and is poised to grow from USD 6.1 billion in 2023 to USD 9.5 billion by 2031, growing at a CAGR of 5.2% in the forecast period (2024-2031).

Mergers, acquisitions and collaborations are some of the strategies adopted and implemented by the key players to increase their geographical foothold. Moreover, these businesses have gained immense traction owing to forward integration and emphasizing more on value chain. 'Acelity L.P. Inc.', 'Hill-Rom Holdings, Inc.', 'Mölnlycke Health Care AB', 'Coloplast A/S', 'Smith & Nephew plc', 'Cardinal Health, Inc.', 'ConvaTec Group plc', 'B. Braun Melsungen AG', 'Integra LifeSciences Corporation', '3M Company', 'Baxter International Inc.', 'Derma Sciences, Inc.', 'Essity Aktiebolag (AB)', 'Urgo Medical', 'MPM Medical, Inc.', 'Medline Industries, Inc.', 'Advancis Medical UK Ltd.', 'Medtronic plc', 'Paul Hartmann AG', 'Hollister Incorporated'

Factors that will expand the pressure ulcer treatment market include an increase in the number of patients with pressure ulcers, rising healthcare expenditure, an increase in the geriatric population, an increase in the adoption of artificial skin substitutes, rising government funding, and rising initiatives by government and private organisations to raise awareness about the negative impact of pressure ulcers on patient health and quality of life.

Increasing use of polyurethane foam dressings: Polyurethane foam dressings, which are semipermeable, are used to treat wounds. Foam dressings come in adhesive and non-adhesive varieties, and they can be used for leg ulcers, surgical and infected wounds, burns, abrasions, and lacerations.

In recent years, the pressure ulcer treatment market has evolved at a rapid pace, with companies adapting to changing technological trends in developed regions. North America and Europe accounted for 60% of the market in 2021 and are expected to maintain this share during the forecast period. Increasing investments by market leaders in these regions, as well as clinical trials and pilot tests, are helping to expand the pressure ulcer treatment market in these regions.

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Global Pressure Ulcers Treatment Market

Report ID: SQMIG35D2045

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