Pressure Relief Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Pressure Relief Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : September, 2021 | Medical Devices

Report Digest


Global Pressure Relief Devices Market: Overview

Today, sedentary lifestyle is a parasite responsible for several health conditions in the expanding urban populace worldwide. Modern modes of transportation that involve seating in a vehicle, long hours of desk job, and fast-paced life are related to pressure ulcers, also known as bed sores. An expanding geriatric population are also prone to bed sores due to prolong illness.

The report provides an in-depth assessment of the pressure relief devices market over the forecast period. The report looks into each and every vital aspect with a strong focus on market dynamics, segmentation, and competitive landscape. The analysis of the market presented could serve as a useful instrument for market stakeholders. New entrants seeking entry in the market could leverage the analysis of the pressure relief devices market presented in this report.

Global Pressure Relief Devices Market: Key Trends

Firstly, the alarming rise in number of hospital acquired pressure ulcer as a secondary condition due to prolonged stay of patients in hospitals is driving the pressure relief devices market. Pressure-relieving devices such as mattresses, beds, splints, heel troughs, and pillows are used as part of the treatment to reduce the pressure on ulcers. Technological advancements have led to the advent of pressure relief devices, and the demand for special mattresses, overlays, and cushions that helps heal the affected site is rising at an unprecedented pace.

Pressure ulcers require interdisciplinary approach for management and well-trained hospital staff. While some part of therapeutics remains common, the line of treatment also remains specific based on case-to-case.

Pressure ulcers are preventable, and several campaigns have been launched to raise awareness abo tot the same. In the event of occurrence of pressure ulcers, most hospitals, care centers are equipped with the necessary equipment at all levels of care.

Global Pressure Relief Devices Market: Market Potential

In hospital settings, pressure ulcers are not restricted to the heels or bottom of the body. Medical-device related pressure injuries is increasingly becoming common. The site of pressure ulcer could be behind the patient’s ear from the oxygen cannula, or perineal injuries are also related to badly-placed catheter.

According to a study carried out in Texas, 39% of all spinal cord injuries developed into pressure injuries at a later stage. The secondary condition is responsible for extending the hospital stay of patients to as much as 150 days, and costing US$150,000 to insurance companies.

Global Pressure Relief Devices Market: Geographical Analysis

The key regions into which the global pressure relief devices market is divided are North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. North America holds supremacy among other key regions in the market. Nearly 18% of Americans will be the above the age of 65 years by 2025, says statistics. The aging population with a high risk of health conditions poses tremendous burden on the public healthcare system. This is displaying demand for pressure relief devices.

At present, hospital acquired illnesses is a key threat to the entire healthcare system in the U.S., According to Centers for Medicare and Medicaid Services, pressure ranked are ranked fourth among other 14 hospital acquired illnesses in the U.S.

Asia Pacific, on the other hand, is anticipated to display leading growth rate over the forecast period.

Global Pressure Relief Devices Market: Competitive Landscape

Key companies operating in the global pressure relief devices market are ArjoHuntleigh, Hill-Rom Holdings Inc., Acelity, Talley Group Ltd., BSN Medical Inc., PARAMOUNT BED HOLDINGS CO., and Invacare Corporation.

New product launch for business growth is the focus of top companies in the pressure relief devices market. Partnerships and mergers and acquisitions also mark the growth agenda of top companies in this market.

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5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?