World Pressure Ulcer Relief Products Market to Reach USD 4.5 Bn by 2024, States GIA in Its Topical Report Published at MarketPublishers.com03 Oct 2017 • by Natalie Aster
LONDON – Worldwide the market for pressure ulcer relief products to amount to USD 4.5 billion by 2024. The growth is fuelled by a hike in movement disorders amid the geriatric population because of a stroke, neurological deficits, and orthopedic disorders.
Amid a surging healthcare burden with respect to the treatment of medical conditions related to pressure ulcers and chronic wounds, there is an increasing focus on sharing the best practices for the prevention and management of ulcers. The market is set to be driven by the development of the topical drug products with platelet-derived growth factors, as well as an ongoing emphasis on R&D of the use of biophysical agents such as electric stimulation, pulsed RF energy, electromagnetic agents, and photodynamic therapy in ulcer management.
Geography-wise, the USA and Europe are the leading markets due to the high incidence and prevalence rates of decubitus ulcers and chronic wounds amid the ageing baby-boom generation, as well as versatile innovations in products and treatment modes. APAC is projected to see the fastest growth at a CAGR of 7.9% during the forecast period.
GF Health Products, ArjoHuntleigh, Hill-Rom Company, Invacare Corp., James Consolidated, and Linet spol. s.r.o, among others, are the leading players in the market space.
Comprehensive study “Pressure Ulcer Relief Products: Market Research Report” drawn up by GIA analyses and forecasts the marketplace from a global perspective.
The research offers extensive analytics for individual nations and regions such as the USA, Canada, Japan, Europe (Germany, Italy, France, the UK, Russia, Spain, and the rest of Europe), APAC (China, India, and the rest of APAC), Latin America (Brazil, and the rest of Latin America), and RoW. Annual market estimates and forecast figures are offered for the period from 2016 up to 2024. A historic evaluation for the markets in question is also provided from 2011 till 2015. The report offers an analysis of the market and industry structure, key drivers and barriers, macro market scenarios, latent demand forecasts. An all-round geographic market analysis is available, too. It includes a granular SWOT analysis of the sector. The study presents detailed profiles of 44 companies including dominant and niche players, market shares and competition. It covers major company, product, technology, financial stories. The report provides insights into product launches and recent industry activity.
More in-demand market research reports by the publisher can be found at Global Industry Analysts page.