Pressure Ulcers Treatment Market, By Product Type (Wound Care Dressings, Active Wound Care Therapies, Wound Care Devices), By End User (Hospitals, Community Health Centres, Homecare Centres, Other), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Jun 2024

Code : CMI5159

Pages :169

Formats :

Excel and PDF

Industry : Medical Devices

Market Challenges: High cost of advanced wound care products

High expense associated with advanced wound care products is expected to hamper the global pressure ulcers treatment market growth. For instance, according to the U.S. Department of Health and Human Services, pressure ulcers treatment incur costs ranging from US$ 9.1-11.6 billion annually in the U.S. The expenditure for patient care varies from US$ 20,900 to 151,700 per pressure ulcer. Particularly for individuals residing in rural areas, even the most economical treatment options may be financially unattainable. These considerable costs boosts need for bedsore management equipment.

Market Opportunities: Increasing demand for faster recovery of wounds

Global pressure ulcers treatment market can witness significant growth opportunities due to increasing demand for faster wound recovery. For instance, in March 2021, Smith+Nephew, a medtech company, announced the findings of a real-world study in Spain, demonstrating how a transition to ALLEVYN LIFE Foam Dressings substantially reduced dressing change frequency and weekly costs, while enhancing treatment satisfaction for both clinicians and patients in a community setting. Furthermore, heightened awareness among the public and favorable government initiatives is expected to drive the market growth. For instance, campaigns such as Zero Pressure, Stop the Pressure, and Islandwide Pressure Ulcer Prevention Campaign, spearheaded by the U.K. government, aim to prevent these ulcers through proper management, thus, providing lucrative opportunities for market players.