The global Pressure Ulcers Treatment Market is estimated to be valued at US$ 5247.86 Mn in 2023 and is expected to exhibit a CAGR of 6.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
The pressure ulcers treatment market entails products such as wound care dressings, wound care devices, and active therapies for the treatment of pressure ulcers. Pressure ulcers are caused due to constant pressure on skin and tissues, leading to injury and cell death. Advanced pressure ulcers treatment products provide effective wound healing.
Market key trends:
One of the key trends in the pressure ulcers treatment market is the growing adoption of artificial intelligence. AI plays a vital role in pressure ulcer risk assessment, detection, and monitoring. AI-powered cameras, sensors and wound imaging tools help in remote and frequent monitoring of pressure ulcers without disturbing the wound site. AI algorithms also help in analyzing various risk factors such as mobility, incontinence, nutrition intake etc. to predict pressure ulcer risks accurately. This facilitates early clinical intervention and prevention of pressure ulcers.
Segment Analysis
The Global Pressure Ulcers Treatment Market Size is segmented into stage, product, end user, and region. The stage segment is further divided into stage 1, stage 2, stage 3, and stage 4. The stage 2 segment accounted for the largest market share in 2022 due to the increasing number of cases of chronic wounds and growing prevalence of pressure ulcers. Stage 2 pressure ulcers are more common due to factors such as prolonged bed-ridden nature of patients and immobility.
Key Takeaways
The global pressure ulcers treatment market is expected to witness high growth, exhibiting CAGR of 6.2% over the forecast period, due to increasing geriatric population and rising cases of chronic diseases and physical disabilities.
Regional analysis
North America dominates the global pressure ulcers treatment market owing to rising number of pressure ulcers cases, presence of advanced healthcare infrastructure, and increasing healthcare expenditure. Asia Pacific is expected to be the fastest growing market due to growing patient population, increasing healthcare spending, and rising awareness.
Key players
Key players operating in the pressure ulcers treatment market are Smith & Nephew PLC, Coloplast Group, ConvaTec Group PLC, B. Braun Melsungen AG, 3M Company, Essity Aktiebolag, Cardinal Health Inc., Cardinal Health Inc., Molnlycke Health Care AB, Hill-Rom Holdings Inc., and Integra Lifesciences Holdings Corporation, among others. Smith & Nephew PLC holds a major market share owing to its wide range of advanced products for effective wound care management.
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