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Allied Market Research

Pressure Ulcers Market: Global Opportunity Analysis and Industry Forecast, 2019–2026

A11263
Pages: NA
Jul 2021 | 68 Views
 
Author(s) : Onkar Sumant
Tables: NA
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COVID-19

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Pressure Ulcers Market Outlook:

Pressure ulcers, which are also known as pressure sores or bedsores, are injuries caused to the skin and underlying tissue, primarily caused for more prolonged pressure on the skin. They can happen to anyone, but generally affect people confined to a bed or who sit in a chair or wheelchair for a prolonged time. These can affect any part of the human body that's put under pressure. It is common on bony parts of the body, such as the elbows, heels, hips, and base of the spine. It often develops gradually, but can sometimes form in a few hours. Early symptoms of a pressure ulcer include people with pale skin tend to get red patches, part of the skin becoming discolored, while people with dark skin tend to get purple or blue patches.

Pressure Ulcers Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value (USD)

  Segments covered

  Product, Wound, End User and Region

  Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa

  Companies covered

Major players analyzed include Smith & Nephew plc., Integra LifeSciences, Hill-Rom Holdings, Inc., Mölnlycke Health Care AB, Essity Aktiebolag, Cardinal Health, Acelity L.P., Inc., Coloplast Group, ConvaTec, Inc., and B. Braun Melsungen AG.

 

COVID-19 scenario analysis:

Pharmaceutical and biotechnological companies shook hands with governments around the globe are working to address the COVID-19 exposure, from supporting the growth of vaccines to planning for medicines supply chain encounters. Furthermore, around 115 vaccine candidates and 155 molecules are in the Research & Development pipeline. The commonly used drugs such as hydroxychloroquine have witnessed dramatic outpouring in demand for the management of COVID-19. The steep rise in demand for these drugs has presented great opportunity for manufacturers of COVID-19 management drugs, as many developed countries are short of these drugs. Due to the demand for vaccine and treatment drugs for COVID-19, the pharmaceutical and biotechnology industry is projected to witness a significant growth in the future.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

The major factors which are anticipated to help the market grow include, increase in the incidences of chronic disorders such as cardiovascular diseases, diabetes and others, could lead to pressure ulcers, and would help the industry in the coming years. Rise in incidences of roadside accidents and household mis-happenings would boost the market in the near future. Furthermore, favorable reimbursement scenario in homecare and even other device therapies used in homecare would help the market grow in the near future. However, the higher cost of the advanced wound care may hinder the pressure ulcers market growth in the coming years.

New product advancements to flourish the pressure ulcers market

In February 2019, Axio Biosolutions had launched MaxioCel, a next-generation wound care dressing made of chitosan, launched MaxioCel at the Endovascular Live 2019. With MaxioCel, the next generation chitosan-based advance wound care product range, Axio is composed to further disrupt the wound care market. The first of its kind product is anticipated to provide ease and faster healing to patients who are suffering from chronic wounds, such as pressure ulcers, diabetic foot ulcers, venous leg ulcers, cavity wounds, skin abrasions, donor sites, and post-operative surgical wounds, to name some.

MaxioCel, a range of advanced chitosan dressings, has the potential to address this gap and be a game-changer. Furthermore, the medical fraternity needs to embrace technological innovations happening in advance wound care management space in order to advance the quality of life of patients with chronic wounds.

Surge in mergers and acquisitions to boost the market

In January 2018, Genetix announced that it will introduce Oculus’s family of products based upon the Microcyn Technology platform such as Microcyn Skin, Microdacyn60, and Wound HydroGel in India. Oculus Innovative Sciences, Inc. had also tied up with India’s Genetix Biotech Pvt. Ltd. in order to expand its footprints in the country. The agreement, Genetix which deals in distribution of biotechnology, life sciences, and laboratory research products would be the exclusive distributor of Oculus’s family of products based upon the Microcyn technology platform such as Microdacyn60, Microcyn Skin and Wound HydroGel in India.

In April 2019, Smith & Nephew closed both its $660 million acquisition of Osiris Therapeutics and its purchase of Leaf Healthcare and its Leaf Patient Monitoring System. The company paid $19 per share in cash for Osiris, which develops and produces regenerative medicine products including skin, bone grafts and articular cartilage substitutes. The deal is about 37% premium on the 90-day volume-weighted average for Osiris’s common shares.

Key segments covered:

Segments

Sub-segments

  Products

  • Pressure Relief Devices
  • High-tech Devices
  • Low-tech Devices           
  • Wound Dressings      
  • Hydrocolloids
  • Foams          
  • Polyurethane Film
  • Hydrogels
  • Collagen
  • Others
  • Wound Care Devices           
  • Negative Pressure Wound Therapy
  • Other Wound Care Devices
  • Others

  Wound

  • Stage-1
  • Stage-2
  • Stage-3
  • Stage-4
  • Deep Tissue Injury

  End User

  • Hospitals and Clinics
  • Homecare
  • Others 

 

Key benefits of the report:

  • This study presents the analytical depiction of the global pressure ulcers market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global Pressure Ulcers market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global Pressure Ulcers market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global Pressure Ulcers market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the Pressure Ulcers Market research report:

  • What are the leading market players active in the Pressure Ulcers market?
  • What the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in tasking further strategic steps?
 
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