Pressure Ulcer Treatment Market: Global Size, Trends, Competitive, and Historical & Forecast Analysis, 2015-2025 – Increase in geriatric and obese population and increased awareness among people are the key drivers for Global Pressure Ulcer Treatment Market.
Pressure ulcer treatment market is valued around USD 47149.62 Million in 2018 and expected to reach USD 64206.40 Million by 2025 with the CAGR of 4.81% over the forecast period.
Pressure ulcers are most prevalent among persons with limited mobility. Prolonged, unrelieved pressure over a bony prominence interrupts blood flow to the tissues, leading to tissue necrosis and eventual development of an ulcer. Pressure ulcers can develop on any part of the body such as hip, knees, elbow and others. Its treatment options include different mattress, pain killers, antibacterial drugs and other reliant treatments available in the market. During the study of global pressure ulcer treatment market, we have considered wound type and application to analyze the market.
Global pressure ulcer treatment market report is segmented on the basis of wound type, end use, application and by regional & country level. Based upon wound type, global pressure ulcer treatment market is classified as Stage 1, Stage 2, Stage 3, and Stage 4. Based upon application, global pressure ulcer treatment market is classified as wound care dressings, wound care devices, and active therapies. Based upon end user global pressure ulcer treatment market is classified as hospital inpatient settings, hospital outpatient settings, community health centers and home health care.
The regions covered in this pressure ulcer treatment market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of pressure ulcer treatment is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key Players for Global Pressure Ulcer Treatment Market Reports–
Global pressure ulcer treatment market report covers prominent players like Smith & Nephew plc, Acelity L.P., Inc., ConvaTec, Inc., Integra LifeSciences Corporation, Mölnlycke Health Care AB, Cardinal Health, 3M Healthcare, B. Braun Melsungen AG, Hill-Rom Holdings, Inc., Coloplast Group, Essity Aktiebolag and others.
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Increase in geriatric and obese population coupled with changing lifestyle
The commercialization and growth of global pressure ulcer treatment market over the past 25 years has been highly impactful. Increase in obese population and geriatric population is one of the key factors driving the growth of pressure ulcer market. As there is a constant change in lifestyle among people and changing food habits among youth which led to the constant increase in obese population. As per World Health Organization, there were around 650 million including more than 1.9 billion adults of age 18 and above are obese in 2016. Geriatric population is more prone to pressure ulcer owing to weakening of muscles and other diseases that are responsible for the restriction of body movement. As per Population Reference Bureau report, there were around 46 million people of age 65 years and above people in US and by the end of 2060 the rate is expected to reach 98 million. Furthermore, increase in the awareness among people and constant increase in the innovative products and technological advancement over the forecast period are also expected to support the growth of pressure ulcer treatment market. However, unfavorable reimbursement policies and high cost of advanced products are expected to inhibit the growth of pressure ulcer treatment market.
North America is Expected to Dominate the Pressure Ulcer Treatment Market
North America is expected to dominate the pressure ulcer treatment market over the forecast period owing to the innovation of new products and increasing trend of home healthcare in this region. Europe is the second largest market and expected to closely follow North America in terms of growth owing to technological advancement and well established healthcare facilities. Asia Pacific is expected to be the fastest growing region over the forecast period due to the constant increase in obese and geriatric population which is further supported by the presence of developing countries such as China and India. Furthermore, developing healthcare facilities in this region is expected to promote the growth of pressure ulcer treatment market over the forecast period. Latin America, Middle East & Africa is expected to expand considerably over the forecast period.
Key Benefits for Global Pressure Ulcer Treatment Market Reports –
- Global market report covers in depth historical and forecast analysis.
- Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
- Global market report helps to identify opportunities in market place.
- Global market report covers extensive analysis of emerging trends and competitive landscape.
Pressure Ulcer Treatment Market Segmentation-
By Wound Type
- Stage 1
- Stage 2
- Stage 3
- Stage 4
- Wound Care Dressings
- Wound Care Devices
- Active Therapies
By End-Use Analysis
- Hospital Inpatient Settings
- Hospital Outpatient Settings
- Community Health Centers
- Home Health Care