PRESSURE ULCERS TREATMENT MARKET ANALYSIS

Pressure Ulcers Treatment Market Size and Trends

Global pressure ulcers treatment market is estimated to be valued at USD 5.54 Bn in 2024 and is expected to reach USD 8.34 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 6% from 2024 to 2031.

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The market is expected to witness positive growth over the forecast period due  to factors such as increasing prevalence of pressure ulcers globally due to rise in lifestyle diseases and  growing geriatric population. Rising healthcare expenditure and availability of advanced wound care products are also expected to provide growth opportunities for pressure ulcers treatment market during the forecast period. The entry of new players and increasing research and development activities in wound care management are expected to drive the market growth over the next few years.

Increasing prevalence of chronic wounds and ulcers among the global population

Rising prevalence of chronic wounds and pressure ulcers globally can drive the pressure ulcers treatment market growth. Patients with chronic conditions like diabetes, obesity, and peripheral arterial disease, that limit mobility, are prone to developing pressure ulcers. Prolonged immobility further increases this risk among bedridden and wheelchair-bound patients, as well as those undergoing long surgical procedures or confined in ICUs. Increasing prevalence of chronic wounds and ulcers among the global population is expected to drive the global negative pressure wound therapy (NPWT) devices market in the near future.

For instance,  on October 5, 2020, according to an article published by National Library of Medicine, titled "The Incidence of Pressure Ulcers and its Associations in Different Wards of the Hospital: A Systematic Review and Meta-Analysis," approximately 2.5 million hospitalizations occur annually in the U.S. due to pressure ulcers. Furthermore, in the U.S., the healthcare system expends approximately US$ 11 billion each year on the prevention and treatment of pressure ulcers.

Increased Awareness and Screening

 There has been significantly higher awareness among public as well as medical practitioners about pressure ulcers, their causes, risk factors and available treatment options in the past few years. Various national and international organizations have been actively conducting educational programs, seminars and campaigns to highlight the significance of this otherwise neglected condition. These are emphasizing the need for improved screening of at-risk patients, timely diagnosis and prompt interventions. These initiatives have sensitized both patients and caregivers about signs and symptoms of pressure ulcers. These people now quickly seek medical help if these notice any abnormality in skin condition. Moreover, regulatory bodies in many countries have made it mandatory for healthcare facilities to conduct regular risk assessment of bedridden and immobile patients. Several hospitals and nursing homes now have dedicated staff to screen patients at regular intervals and implement necessary preventive measures. Advanced ulcer risk assessment tools and devices enable early identification of patients prone to developing pressure ulcers. This allows clinicians to plan strategies for prevention and management at initial stages itself. Higher diagnostic rates coupled with proactive approaches have boosted demand for a variety of therapeutic products and services for pressure ulcer treatment.