Pressure Ulcer Devices Market 2022
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According to Persistence Market Research’s most recent study, the global pressure ulcer devices market topped US$ 1.7 Bn in 2020, and is anticipated to showcase a CAGR of around 6.2% during the forecast period (2022-2032).
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Pressure ulcers or injuries can affect a patient’s functional recovery by causing pain and infection, and can also lead to longer hospital stays. The presence of pressure ulcers is due to overall poor prognosis and sometimes leads to premature mortality in some patients.
Rising geriatric population is leading to complex diseases, which results in longer stays in hospitals, and this increases the chances of pressure ulcers. Rise in incidence of chronic disorders across the world has led to more number of people admitted to hospital for longer periods. According to the International Diabetes Federation, around 422 Mn people in the world were living with diabetes in 2016, and it is estimated that over 10% of the world’s adult population (642 Mn) will have diabetes by 2040.
Expansions and mergers & acquisitions are the key strategy replied upon by market players to enhance their stance in this industry.
- In December 2020, ArjoHuntleigh announced the acquisition of AirPal. The acquisition strengthens Arjo’s Patient Handling portfolio.
The report has profiled some of the important players prevalent in the global like – Acquisitions, expansions, collaborations, approvals, and product launches are key strategies being adopted by manufacturers and distributors to enhance their sales prospects.
- In January 2021, Koninklijke Philips announced the acquisition of Capsule Technologies, Inc. to expand its leadership in patient care management.
- In June 2021, Koninklijke Philips partnered with UAE’s leading telecommunication company to help the country fast-track its transformation of data-driven healthcare.
- In June 2017, Savaria Corporation completed the acquisition of Span-America Medical Systems, Inc., which benefits Savaria by increasing its presence in the U.S.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Pressure Ulcer Devices Market.
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Key Takeaways from Market Study
- By product, pressure ulcer mattresses are expected to hold over 42% market value share by the end of 2031, primarily because of the presence of key market players for production across the world.
- Long-term care centers dominated the end user segment with a share of around 25.6% in 2021.
- By region, North America is slated to be the largest market and is expected to represent a value share of over 30% by 2031.
“Prolonged treatment of certain diseases leads to extended hospitalization of patients, resulting in increasing incidence of pressure ulcers, which is anticipated to drive market progress,” says an analyst of Persistence Market Research.
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
- Detailed overview of parent market
- Changing market dynamics of the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards market performance
- Must-have information for market players to sustain and enhance their market footprint
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