Dublin, Nov. 15, 2024 (GLOBE NEWSWIRE) -- The "Pressure Ulcers Treatment Market Report 2024" report has been added to ResearchAndMarkets.com's offering.
This pressure ulcers treatment market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
North America was the largest region in the pressure ulcers treatment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 175 |
| Forecast Period | 2024-2028 |
| Estimated Market Value (USD) in 2024 | $5.38 Billion |
| Forecasted Market Value (USD) by 2028 | $6.79 Billion |
| Compound Annual Growth Rate | 6% |
| Regions Covered | Global |
The pressure ulcers treatment market size has grown strongly in recent years. It will grow from $5.08 billion in 2023 to $5.38 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth observed during the historic period can be attributed to several factors, the increasing global patent pool which supports innovation, the expansion of home healthcare services and telemedicine, a growing aging population, a higher incidence of chronic diseases, and a rising demand for innovative and cost-effective wound care products.
The pressure ulcers treatment market size is expected to see strong growth in the next few years. It will grow to $6.79 billion in 2028 at a compound annual growth rate (CAGR) of 6%. The anticipated growth during the forecast period can be attributed to factors such as the aging population, the increasing incidence of chronic diseases, advancements in technology, developments in regenerative medicine, and heightened research and development efforts. Key trends expected to influence this period include 3D printing, advanced foam dressings, nutritional interventions, remote monitoring, and the application of AI and machine learning.
The pressure ulcers treatment market is expected to grow due to the increasing diabetic population. According to the International Diabetes Federation (IDF) in 2021, approximately 537 million adults aged 20-79 were living with diabetes, and this number is projected to reach 643 million by 2030, reflecting the global rise in diabetes prevalence. This expanding diabetic population is driving the demand for pressure ulcers treatments.
Leading companies in the pressure ulcers treatment market are focusing on developing advanced wound care products to maintain their competitive edge. One such product is absorbent antimicrobial wound dressings, designed to manage wound exudate and reduce infection.
In May 2023, LifeNet Health, a U.S.-based medical company, acquired the wound care division of Bioventus Inc. for an undisclosed amount. This acquisition enhances LifeNet Health's position as a global leader in regenerative medicine by expanding its range of advanced wound care solutions. Bioventus Inc., a U.S.-based company, provides advanced wound care products specifically for treating pressure ulcers.
Report Scope
Markets Covered:
1) By Type: Wound Care Dressings; Wound Care Devices; Active Therapies; Other Types
2) By Wound Type: Stage 1; Stage 2; Stage 3; Stage 4
3) By End-User: Hospitals and Clinics; Community Healthcare Centers; Homecare; Other End-users
Key Companies: Cardinal Health; 3M Company; Medtronic plc; Stryker Corporation; Baxter International Inc
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
The major companies profiled in this Pressure Ulcers Treatment market report include:
- Cardinal Health
- 3M Company
- Medtronic plc
- Stryker Corporation
- Baxter International Inc.
- Medline Industries Inc.
- Smith & Nephew
- Coloplast Corporation
- B. Braun Medical Inc.
- Molnlycke Health Care
- Integra LifeSciences
- Agiliti Health Inc.
- Arjo AB
- Healogics Inc.
- EHOB Inc.
- Alimed Inc.
- Talley Group Ltd.
- Axio Biosolutions
- Advancis Medical
- Pegasus Healthcare
- Lohmann & Rauscher
For more information about this report visit https://www.researchandmarkets.com/r/wbn0xy
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