Pressure Ulcer Devices Market 2022
Pressure Ulcer Devices Market is likely to grow voraciously, i.e. at a CAGR of 5.5% between 2021-2032, reaching US$ 8.4 Bn. Augmented and virtual reality are abreast with advanced technologies on a significant count. VR and AR do have loads of potential for offering in the healthcare vertical. The application areas include surgery and training simulation, and patients care and treatment.
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Rising incidence of pressure ulcers and chronic diseases, globally, has resulted in increasing demand for various hospital accessories, including pressure ulcer devices. In 2021, the pressure ulcer devices market was valued at nearly US$ 4.7 Bn, and is set to experience a growth rate of close to 5.5% over the forecast period (2022-2032). Rising prevalence of pressure ulcers along with increasing rate of hospital-acquired infections is further driving market expansion.
Furthermore, rising geriatric population as well as persons living with disabilities majorly account for high usage of pressure ulcer devices for enhanced patient care. According to the Agency of Healthcare Research and Quality, each year, more than 2.5 Mn individuals in the U.S. develop pressure ulcers.
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.
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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.
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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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