According to the global pressure ulcers treatment market report by IMARC Group, the market reached a value of US$ 5.0 Billion in 2022, and it is projected to reach a value of US$ 6.9 Billion by 2028, exhibiting a CAGR of 5.18% during 2023-2028.
Market Trends
The market is primarily driven by the rising geriatric population that is more susceptible to developing pressure ulcers due to skin fragility. In addition, the growing prevalence of obesity and chronic medical diseases is escalating the incidences of pressure ulcers, thus contributing to market growth.
Besides this, the leading market players are focusing on developing novel wound care products. This, coupled with the rising awareness among individuals about the early diagnosis of ulcers and the available treatment options, is positively influencing the market growth. Furthermore, the increasing numbers of hospitals, clinics, pharmacies, and drug stores across the globe and various technological advancements in the healthcare industry are also creating a favorable market outlook across the globe.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
3M Company, Arjo AB, B. Braun Melsungen AG (B. Braun Holding GmbH & Co. KG), Cardinal Health Inc., Coloplast A/S, Hill-Rom Holdings Inc. (Baxter International Inc.), Invacare Corporation, Mölnlycke Health Care AB, Smith & Nephew plc, Span America (UTi Worldwide Inc.), Stiegelmeyer GmbH & Co. KG and Stryker Corporation.
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Type:
- Artificial Saliva/Saliva Substitutes
- Salivary Stimulants
Breakup by Drug Type:
- OTC
- Prescription
Breakup by Distribution Channel:
- Hospital Pharmacy
- Retail Pharmacy
- Online Pharmacy
Regional Insights:
- Asia Pacific
- North America
- Europe
- Middle East and Africa
- Latin America
On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.
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