Pressure Relief Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
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.
The study presents a granular assessment and quantitative evaluation of:
The region-wise assessment includes market dynamics in:
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
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