The Pressure Ulcers Treatment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Pressure Ulcers Treatment Global Market Report 2024, 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 in the historic period can be attributed to the rising patent pool worldwide to augment growth, expansion of home healthcare services and telemedicine, increasing aging population, rising incidence of chronic diseases, and growing 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 6.0%. The growth in the forecast period can be attributed to the aging population, rising incidence of chronic disease, technological advancement, regenerative medicine, and increasing research and development. Major trends in the forecast period include 3D printing, advanced foam dressing, nutritional interventions, remote monitoring, and AI and machine learning.
The growing diabetic population is expected to propel the pressure ulcers treatment market going forward. The diabetic population refers to a group of individuals who have been diagnosed with diabetes mellitus, a chronic health condition characterized by elevated blood glucose levels. The diabetic population is growing due to widespread changes in lifestyle and dietary habits that contribute to obesity and insulin resistance, major risk factors for diabetes. Diabetic individuals are more prone to developing pressure ulcers due to complications such as reduced sensation, impaired circulation, and slower wound healing, necessitating a higher demand for effective treatments and management strategies within the market. For instance, in 2021, according to the International Diabetes Federation (IDF), approximately 537 million adults aged 20–79 were living with diabetes, and this number is expected to rise to 643 million by 2030, highlighting the global trend of rising diabetes prevalence. Therefore, the growing diabetic population is driving the growth of the pressure ulcers treatment market.
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The pressure ulcers treatment market covered in this report is segmented –
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
Major companies operating in the pressure ulcers treatment market are focusing on developing advanced wound care products, such as absorbent antimicrobial wound dressings, to sustain their position in the market. Absorbent antimicrobial wound dressings are specialized medical dressings designed to manage wound exudate while simultaneously preventing or reducing infection. For instance, in February 2021, Axio Biosolutions Private Limited, an India-based medical technology company, obtained European CE Mark approval for its advanced wound care product, MaxioCel. This certification enables Axio to expand its global market presence, particularly in Europe, which represents the second largest market for advanced wound care products. MaxioCel is a highly absorbent antimicrobial wound dressing intended to treat diabetic foot ulcers, pressure ulcers, and chronic wounds. The product has demonstrated significant improvements in patient outcomes and has been utilized in over 100 hospitals in India since its launch.
The pressure ulcers treatment market report table of contents includes:
1. Executive Summary
2. Pressure Ulcers Treatment Market Characteristics
3. Pressure Ulcers Treatment Market Trends And Strategies
4. Pressure Ulcers Treatment Market – Macro Economic Scenario
5. Global Pressure Ulcers Treatment Market Size and Growth
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32. Global Pressure Ulcers Treatment Market Competitive Benchmarking
33. Global Pressure Ulcers Treatment Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Pressure Ulcers Treatment Market
35. Pressure Ulcers Treatment Market Future Outlook and Potential Analysis
36. Appendix
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