Pressure Ulcers Treatment Market Report 2024

Where is the largest and fastest growing market for pressure ulcers treatment? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more. The 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.

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. Diabetes mellitus, a chronic condition characterized by elevated blood glucose levels, affects a growing number of individuals, largely due to lifestyle and dietary changes leading to obesity and insulin resistance. Diabetic patients are more susceptible to pressure ulcers because of complications such as reduced sensation, impaired circulation, and slower wound healing, which creates a higher demand for effective treatment and management solutions. 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. For example, in February 2021, Axio Biosolutions Private Limited, an Indian medical technology firm, received European CE Mark approval for its advanced wound care product, MaxioCel. This certification allows Axio to extend its market reach, particularly in Europe, which is the second largest market for advanced wound care products. MaxioCel is a highly absorbent antimicrobial wound dressing aimed at treating diabetic foot ulcers, pressure ulcers, and chronic wounds. It has shown significant improvements in patient outcomes and has been used in over 100 hospitals in India since its introduction.

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.

Major companies operating in the pressure ulcers treatment market are Cardinal Health, 3M Company, Medtronic plc, Stryker Corporation, Baxter International Inc, Medline Industries Inc, Smith & Nephew, Coloplast Corporation, B. Braun Medical Inc, Mölnlycke 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.

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. The regions covered in the pressure ulcers treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the pressure ulcers treatment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Pressure ulcer treatment encompasses medical and therapeutic strategies designed to heal and manage wounds resulting from prolonged pressure on the skin, typically over bony areas. This treatment involves relieving pressure, ensuring proper nutrition, and providing detailed wound care to support healing and prevent infection. The goal is to enhance patient comfort, improve quality of life, and prevent recurrence through customized interventions and patient education.

The primary types of pressure ulcer treatment include wound care dressings, wound care devices, active therapies, and other methods. Wound care dressings are materials placed directly on wounds to aid healing and protect against infection. Treatment is categorized by stages, stage 1, stage 2, stage 3, and stage 4. Key end-users of these treatments include hospitals and clinics, community healthcare centers, homecare settings, and other healthcare facilities.

The pressure ulcers treatment market research report is one of a series of new reports that provides pressure ulcers treatment market statistics, including pressure ulcers treatment industry global market size, regional shares, competitors with an pressure ulcers treatment market share, detailed pressure ulcers treatment market segments, market trends and opportunities, and any further data you may need to thrive in the pressure ulcers treatment industry. This pressure ulcers treatment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The pressure ulcers treatment market consists of revenues earned by entities by providing services such as wound care management, specialized dressings, pressure redistribution surfaces, nutritional support, and rehabilitation therapies. The market value includes the value of related goods sold by the service provider or included within the service offering. The pressure ulcers treatment market also includes sales of medical equipment, wound dressings, and pressure-relieving mattresses. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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