Pressure Ulcers Treatment Market Growth Accelerated by Increasing Prevalence of Pressure Ulcers

 

Pressure ulcers, also known as bed sores or pressure sores, are localized damage to the skin or underlying tissue that usually occur over a bony prominence as a result of pressure or pressure in combination with shear and/or friction. Pressure ulcers treatments aim to reduce pressure on affected skin areas, clean wounds, remove dead or damaged tissue, reduce pain and swelling, and promote healing. Some of the commonly used pressure ulcers treatment products include Foam Dressings, Hydrocolloid Dressings, Alginate Dressings, Film Dressings and Hydrogel Dressings. These products form a protective barrier over wounds and help manage wound exudate to promote healing. The Global Pressure Ulcers Treatment Market Size is estimated to be valued at US$ 6045.54 Bn in 2024 and is expected to exhibit a CAGR of 9.6% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The growing prevalence of pressure ulcers due to sedentary lifestyle and increasing geriatric population is a major factor driving the demand for effective treatment products. It is estimated that annual treatment cost of pressure ulcers in the US is between $9.1-$11.6 billion. Growing awareness about available effective treatment options and benefits of advanced wound dressings among patients and healthcare providers is providing impetus to market growth. Manufacturers are increasingly focusing on developing innovative dressing formulations embedded with drugs, active ingredients and technology to improve healing rates. Adoption of advanced technologies like 3D printing for developing novel dressings customized as per wound size and shape also presents lucrative opportunities for market players. However, high costs associated with newer technologically advanced dressings and lack of reimbursement in some countries may restrain market growth to some extent.

Segment Analysis
The global pressure ulcers treatment market is dominated by the wound care products sub-segment. This is because wound care products such as foam dressings, hydrocolloid dressings, hydrogel dressings, antimicrobial dressings, and film dressings, are widely used by healthcare professionals and patients to manage pressure ulcers. These products help in effective wound management by protecting the wound from external bacteria and physical trauma. They absorb wound exudates, maintain a moist wound environment, promote healing, and provide comfort to patients.

Key Takeaways
The global pressure ulcers treatment market is expected to witness high growth.

Regional analysis: North America dominates the global pressure ulcers treatment market currently. This is attributed to high prevalence of pressure ulcers, presence of advanced healthcare infrastructure, and growing geriatric population in the region. Asia Pacific is expected to grow at the fastest pace during the forecast period owing to increasing healthcare spending, rising prevalence of chronic diseases, growing medical tourism, and improving healthcare facilities in emerging economies such as China and India in the region.

Key players operating in the pressure ulcers treatment market are DIC Corporation (Japan), Dow Chemical Company (US), BASF SE (Germany), Arkema Group (France), Celanese Corporation (US), Trinseo (US), The Lubrizol Corporation (US), Wacker Chemie AG (Germany), Synthomer Plc (UK), and Asahi Kasei Corporation (Japan). DIC Corporation holds the leading position in global pressure ulcers treatment market on account of its wide range of wound care products.

Get More Insights Here: https://www.newswirestats.com/pressure-ulcers-treatment-market-size-share-and-growth-forecast-2023-2030/

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