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.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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