Global decubitus ulcer treatment products demand is anticipated to be valued at USD 4,989.4 million in 2023, forecast to grow at a CAGR of 5.5% to be valued at USD 8,503.4 million from 2023 to 2033. The growth of the decubitus ulcer treatment products market is attributed to an increase in the geriatric population living with disabilities.
Decubitus ulcers are also known as bed sores or pressure sores. Decubitus ulcers are open wounds on the skin covering the bony area of the body. They are caused due to constant and unrelieved pressure due to lack of mobility and blood circulation. It can also be caused by friction between the skin and another surface, excessive moisture caused by perspiration, and urinary or fecal incontinence.
Data Points | Key Statistics |
---|---|
Expected Market Value (2023) | USD 4,989.4 million |
Anticipated Forecast Value (2033) | USD 8,503.4 million |
Projected Growth Rate (2023 to 2033) | 5.5% CAGR |
Bed sores can occur on any part of the body, though the common sites are hips, knees, elbows, ankles, buttocks, and shoulder blades. People who feel difficulty moving or changing their position and are lying in bed for extended periods are at high risk of developing bed sores. Growing incidences of chronic diseases and a rise in awareness regarding the availability of decubitus ulcer treatment products are also anticipated to propel the market for decubitus ulcer treatment products.
On the contrary, the high price of pressure ulcer relief products and the economic downturn are the major factors expected to restrain the growth of the decubitus ulcer treatment products market during the forecast period.
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The aging population is considered one of the major factors expected to boost the growth of the Decubitus Ulcer Market during the forecast period. The market for decubitus ulcer treatment products is also witnessing the introduction of innovative mattresses and beds for treatment. The shift in trends toward home-based care is another factor fueling the demand for such durable products.
Increasing incidences of decubitus ulcers, technological advancements, government initiatives, and the development of imaging technologies to enable early detection of ulcers are other major factors expected to accelerate the growth of the decubitus ulcer treatment products market over the analysis period.
The increasing number of mergers and acquisitions, collaborations and partnerships, and product launches are some of the latest trends in the global decubitus ulcer treatment products market. This factor is also expected to augment the market's growth in the forthcoming years.
The high price of pressure ulcer relief products is one of the major factors that is expected to impede the market's growth during the forecast period. Additionally, the economic downturn is another major factor that is anticipated to limit the growth of the decubitus ulcer treatment products market over the analysis period.
Regarding regional platforms, North America holds the largest market share in the decubitus ulcer treatment products market. The region is expected to surge to over 37.6% share in 2023. The decubitus ulcer treatment products market in North America is primarily driven by product innovation and growing trends toward home-based care in the region. In addition, the largest incidence of pressure ulcers, improved healthcare infrastructure, and technological advancements are fueling the market growth in this region.
Factors such as a substantial rise in the geriatric population living with disabilities, a rapidly increasing prevalence of pressure ulcers, and the growing adoption of novel wound care devices for its treatment in the region are expected to augment the market growth during the forecast period.
According to the Agency for Healthcare Research & Quality (AHRQ), more than 2.5 million individuals are in the United States. Develop pressure ulcers annually. The increasing awareness about the availability of treatment options for P.U., the rise in healthcare expenditures, and an increase in advanced treatment procedures are anticipated to propel the pressure ulcer treatment market growth over the analysis period. Combined with this, a rise in the demand for multiple treatment options by patients diagnosed around the globe is likely to increase the pressure ulcer market size in the near future.
According to Future Market Insights, Europe is expected to hold significant growth opportunities for the decubitus ulcer treatment products market and is expected to reach a share of 29.0% in 2023.
Europe is expected to witness a high growth rate in the decubitus ulcer treatment products market in the next few years due to increasing demand for improved healthcare facilities, a rise in awareness regarding pressure ulcer treatment products, improved healthcare infrastructure, and an increasing patient population in the region.
The rising geriatric population and increasing prevalence of pressure ulcers are anticipated to drive the market in this region. Combined with this, higher treatment costs of pressure ulcers in countries such as Germany, France, and the UK are expected to create growth opportunities for the market in the forthcoming years.
For instance, in the UK, the cost of treatment of pressure ulcers to the NHS is estimated to be USD 1.5 - USD 2.4 billion annually, making pressure ulcers the single costliest chronic wound to the NHS.
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According to Future Market Insights, Asia-Pacific is expected to grow with lucrative growth opportunities for the decubitus ulcer treatment products market. It is expected to reach a significant share of 20.5% in 2023.
Asia Pacific is projected to register significant market growth during the forecast period, attributed to the rapidly increasing geriatric population and the growing patient pool of pressure ulcers in the region. For instance, the United Nations Population Fund (UNFPA) currently states that the geriatric population in Asia Pacific is rising at an unprecedented rate. It also states that by 2050, one in four people in this region will be above 60 years of age.
Growing populations and economies in developing countries such as India and China are expected to drive the growth of the Asia Pacific's decubitus ulcer treatment products market. In addition, innovations along with technological advancements, growing awareness regarding decubitus ulcer treatment products, rise in incidences of chronic disorders, and introduction of cost-effective pressure ulcer treatment products are expected to create new opportunities for the growth of the region's decubitus ulcer treatment products market.
Well-established healthcare infrastructure is also an important reason for the market growth in these regions. Economies such as India, China, and Japan are expected to play a key role in driving the market growth in Asia-Pacific. These markets are experiencing an increased penetration by companies operating in this market.
According to Future Market Insights, Middle East & Africa is expected to provide significant growth opportunities for the decubitus ulcer treatment products market. It is expected to reach a share of 11% in 2023.
The decubitus ulcer treatment products market in the Middle East & Africa is anticipated to witness lucrative growth during the forecast period, attributed to the rising awareness regarding the availability of treatment options for pressure ulcers and developing healthcare facilities.
Moreover, the increasing prevalence of pressure ulcers, improved healthcare facilities, increasing new launches of advanced technologies, and the high cost of products are the major factors that are expected to escalate the market growth in this region over the analysis period.
There are many prominent market players in the decubitus ulcer treatment products market, such as KroniKare, Piomic, Untech, Fibroheal Woundcare, RenovoDerm, and Bruin Biometrics, among others, that are working hand-in-hand to provide the best-in-class Decubitus Ulcer Treatment Products for enhancing the global arena. However, there are many global startups in the decubitus ulcer treatment products market who are stepping forward to match the requirements of the Decubitus Ulcer Treatment Products domain.
Some of the key participants present in the global Decubitus Ulcer Treatment Products market include Mölnlycke Health Care AB, ConvaTec Group Plc., B. Braun Melsungen AG, Coloplast Corp., Smith & Nephew, 3M, Integra LifeSciences Corporation, Cardinal Health, and Tissue Regenix, among others.
Due to the presence of such a high number of participants, the market is highly competitive. While global players such as Mölnlycke Health Care AB, ConvaTec Group Plc., B. Braun Melsungen AG, Coloplast Corp., and Smith & Nephew account for a considerable market size, several regional-level players are also operating across key growth regions, particularly in North America.
Recent Developments
Report Attribute | Details |
---|---|
Growth Rate | CAGR of 5.5% from 2023 to 2033 |
Base Year for Estimation | 2023 |
Market Value in 2023 | USD 4,989.4 million |
Market Value in 2033 | USD 8,503.4 million |
Historical Data | 2018 to 2022 |
Forecast Period | 2023 to 2033 |
Quantitative Units | Revenue in USD million and CAGR from 2023 to 2033 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
Segments Covered | Depth of Soft Tissue Damage, Distribution Channel, Region |
Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East and Africa |
Key Countries Profiled | United States, Canada, Brazil, Mexico, Germany, UK, France, Spain, Italy, Australia, China, Japan, South Korea, Malaysia, Singapore, GCC, South Africa, Israel |
Key Companies Profiled | Hill-Rom Company Inc.; Graham Field Health Products Inc.; Invacare Corporation; Sunrise Medical Inc.; ROHO Inc.; Kinetic Concepts Inc.; Span-America Medical Systems Inc.; Spenco Medical Corp; Cardinal Health; Smith & Nephew |
Customization | Available Upon Request |
This market is estimated to reach USD 8,503.4 million by 2033.
The United States, India, and China dominate the global market.
The high price of pressure ulcer relief products is the factor challenging the industry.
The increasing number of mergers and acquisitions.
Asia Pacific is projected to emerge as a lucrative market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Depth of Soft Tissue Damage 5.1. Stage I 5.2. Stage II 5.3. Stage III 5.4. Stage IV 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Distribution Channel 6.1. Hospitals Clinics 6.2. Public Hospitals 6.3. Private Clinics 6.4. Retail Pharmacies and Drug Stores 6.5. E-commerce 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Hill-Rom Company Inc. 17.2. Graham Field Health Products Inc. 17.3. Invacare Corporation 17.4. Sunrise Medical Inc. 17.5. ROHO Inc. 17.6. Kinetic Concepts Inc. 17.7. Span-America Medical Systems Inc. 17.8. Spenco Medical Corp 17.9. Cardinal Health 17.10. Smith & Nephew 18. Assumptions & Acronyms Used 19. Research Methodology
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