The Pressure Ulcer Devices Market to foray into digital innovation, witnessing a CAGR of 5.5%

Revenue from the global pressure ulcer devices market reached US$ 4.7 Bn in 2021. With the market projected to expand at a steady 5.5% CAGR, industry valuation is set to top US$ 8.4 Bn by the end of 2032.

The pressure ulcer devices market includes a variety of products designed to prevent or treat pressure ulcers, including pressure relief mattresses, cushions, and overlays, and negative pressure wound therapy devices. These products are designed to redistribute pressure and promote healing, and can be used in a variety of settings, including hospitals, nursing homes, and home care.

The global pressure ulcer devices market is expected to grow significantly over the next few years, driven by factors such as the aging population, the increasing prevalence of chronic conditions that can lead to immobility, and the growing awareness of the importance of pressure ulcer prevention and treatment. The market is also being fueled by the increasing adoption of advanced technologies, such as smart mattresses and negative pressure wound therapy devices.

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In the present scenario, the general population is developing awareness regarding pressure ulcers, as opposed to the conventional setting, wherein the pressure ulcers mostly go unnoticed or untreated. This increasing awareness is set to prevail throughout the forecast period, and is thus a major influence on the augmented growth and adoption of pressure ulcer devices.

Type of wound dressing and the frequency of its change also impact pressure ulcer devices market growth. Thus, wound assessment is another major driver for this market. Moreover, major market players are adopting collaborative and expansion strategies. The pressure ulcer devices market is set to experience healthy growth as novel avenues of management will open up in the near future.

Company Profiles:

Stryker Corp.
Smith & Nephew Plc.
Hill-Rom Services Inc.
Paramount Bed Holdings Co., Ltd.
ArjoHuntleigh
Talley Group Limited
Drive DeVilbiss Healthcare Ltd (Sidhil Limited)
Apex Medical Corp.
Medtronic
PROMA REHA, s. r. o.
Linet spol. S R.O.
DARCO International
DeRoyal Industries
BSN Medical (Essity)
Mölnlycke Health Care
TrueKAST (Wound Kair Concepts)
Thuasne SAS
DJO Global
ORTHOSERVICE AG
Breg, Inc.
Advanced Orthopaedics
ALGEOS
Hollister Incorporated
ConvaTec Group plc
Coloplast A/S
Medline Industries Inc.
Invacare Corporation

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Key Takeaways from Market Study

By product, specialty beds are expected to hold over 31% market value share by the end of 2032, primarily because of the presence of alternating pressures within the mattress to prevent pressure ulcers.

The stage I segment is leading with 47.5% market share in 2021, owing to large prevalence of bed sores among hospital inpatients.
Hospitals dominated the end user segments with a share of around 34.5% in 2021.

By region, North America is slated to be the leading region with a value share of 36.7% by 2032.
"Rising prevalence of pressure ulcers and increasing awareness regarding the assessment of wound sores are set to propel growth of the pressure ulcer devices market," says an analyst of Persistence Market Research.

Market Competition

Key market players such as Smith & Nephew and DARCO International, amongst others, are focusing on product development technologies by manufacturing and introducing new product lines in their already existing product portfolios.

Smith & Nephew launched the wireless, wearable LEAF Patient Monitoring System in April 2021, providing help to reduce the economic and human costs of pressure injuries.

In 2021, DARCO International launched the Body Armor® Heel Reliever, introduced for the effective prevention and treatment of heel pressure ulcers and diabetic foot syndrome or decubitus.

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Read More:
https://www.medgadget.com/2022/02/healthcare-it-to-spell-the-speedy-growth-of-pressure-ulcer-devices-market.html

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