Global Pressure Ulcers Treatment Market

Pressure Ulcers Treatment Market Size, Share, Growth Analysis, By Ucler 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 Insights

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).

The rise in geriatric population with chronic illness and physical impairments driven by pressure ulcers have generated the need for relevant treatments in the medical industry. The major factors propelling the pressure ulcers treatment landscape includes the managing and treating pressure ulcers. Besides, it is becoming a Gordian knot for healthcare institutions, including hospitals and community health centres, despite the fact that many innovative wound care devices, dressings, and therapies are offered by several healthcare providers in the industry.

Since treating pressure ulcers is far more expensive than avoiding them, the field of treatment for pressure ulcers is moving toward preventative care procedures. Healthcare facilities and hospitals are implementing cutting-edge movement monitoring systems to enhance patient care by minimising pressure ulcers. In addition, as new technologies emerge that are supporting the digital transformation of the healthcare sector, the digital elements of pressure ulcer prevention systems are becoming more popular.

With growing knowledge of the detrimental effects pressure ulcers exert on patients' health and quality of life, the demand for pressure ulcer therapies is expected to witness a double-digit growth. 

US Pressure Ulcers Treatment Market is poised to grow at a sustainable CAGR for the next forecast year.

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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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