Pressure Relief Devices Market Size, Share, Trends, 2022-2027

According to the current analysis of Reports and Data, the Pressure Ulcers Treatment market was valued at USD 5.36 billion in 2019 and is expected to reach USD 12.73 billion by the year 2027, at a CAGR of 11.4%. Pressure ulcers which is caused by prolonged pressure on the skin are mostly found in patients who are bedridden due to various reasons such as accident cases of coma or long-term treatments such as chemotherapy. Though it is not deadly disease, but grave injuries due to pressure ulcers may lead to infections and requires immediate treatment.

The growing frequency of accidents in household or on roads is among a key driving factor for the market growth. According to the World Health Organization (WHO), approximately 93% of the world’s fatalities happen on the road in which children and young adults are profoundly affected. Furthermore, the elderly population, which is prone to various chronic diseases, may escalate the market growth widely. The increasing incidences of type-2 diabetes that impact blood supply in the body are also expected to be a driving factor for the market. For instance, according to the International Diabetes Federation (IDF), in 2019, 9.3% of the population, which is 463 million people, had diabetes, and the number is expected to rise to 10.2% (equivalent to 578 million) by 2030.

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The pharma and healthcare industry is expected to observe significant growth over the coming years attributed to the increasing incidence of chronic diseases across the globe, growing geriatric patient pool, availability of advanced and minimally invasive surgical and diagnostics procedures, favorable reimbursement scenario, and presence of a robust product pipeline of drugs and therapeutics. In addition, the growing integration of IoT, ML, and AI in medical procedures and equipment along with rapid progress in drug design and development. A combination of innovation and technology has brought about massive changes in the healthcare industry and the rapid adoption of telemedicine, remote consultation, and e-prescription has significantly contributed to the revenue growth of the market.

  Research Methodology:

Reports and Data utilizes a unique approach to research to offer a comprehensive overview of the global Pressure Ulcers Treatment Market to offer insights into investment opportunities for stakeholders, investors, clients, and businesses to make informed decisions. The report includes SWOT analysis, Porter’s Five Forces analysis, feasibility analysis, and investment return analysis to offer a better understanding of the market scenario.

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Asia Pacific is expected to lead the market growth over the coming years owing to rapid advancements in the healthcare sector in APAC countries such as India, China, and Japan. North America is anticipated to register the highest market growth over the forecast period attributed to the increasing availability of robust healthcare and clinical settings, legalization of medical marijuana, favorable reimbursement scenario, presence of key market players, and rapid technological advancements in the region.

The growing popularity of over-the-counter medications driving market growth

Growing incidence of acute and chronic diseases and lesser access to advanced medical facilities owing to low disposable income levels are driving the demand for over-the-counter medications. Availability of generic and low-cost alternatives to medical therapies are some other factors playing a major role in driving demand for over-the-counter medications.

Restriction on product launches and R&D activities to hamper the market growth

The imposition of strict government regulations and shortage of funds has put a halt on product launches and R&D activities and is expected to restrain market growth over the forecast period. In addition, the launch of expensive drugs and therapies and increasing regulations regarding safety and approvals are also hampering the market growth.

  Competitive Landscape:

The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as R&D investments, license agreements, partnerships, mergers and acquisitions, collaborations, and joint ventures to gain a robust footing in the market.

Top Companies Profiled in the Report:

• Mölnlycke Health Care AB
• Smith & Nephew plc
• Integra LifeSciences
• Hill-Rom Holdings, Inc.
• Essity Aktiebolag,
• B. Braun Melsungen AG
• Acelity L.P., Inc.
• Cardinal Health
•  Coloplast Group
• ConvaTec, Inc.

Pressure Ulcers Treatment Market Segmentation:

By Product (Revenue in Million USD; 2017–2027)

• Pressure Relief Devices
  • High-tech Devices
  • Low-tech Devices
• Wound Dressings
  • Hydrocolloids
  • Polyurethane Film
  • Hydrogels
  • Collagen
  • Foams
  • Others
• Wound Care Devices
  • Negative Pressure Wound Therapy
  • Others
• Others

By Wound (Revenue in Million USD; 2017–2027)

• Stage-1
• Stage-2
• Stage-3
• Stage-4
• Deep Tissue Injury

By End Use (Revenue in Million USD; 2017–2027)

• Hospitals and Clinics
• Community Healthcare Centers
• Homecare
• Others

Regional Outlook:

• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
• Latin America (Brazil, Rest of LATAM)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of the Middle East & Africa)

  Frequently asked questions addressed in the report:

• What is the revenue growth rate of the global Pressure Ulcers Treatment market over the forecast period?
• What are the major factors driving the growth of the Global Pressure Ulcers Treatment Market?
• What are the key challenges impacting the global Pressure Ulcers Treatment market growth?
• What are the outcomes of the SWOT Analysis and Porter’s Five Forces Analysis conducted in the report?

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