Pressure Relief Device Market Report: Trends, Forecast and Competitive Analysis to 2030

Pressure Relief Device Trends and Forecast

The future of the global pressure relief device market looks promising with opportunities in the hospital, home care, long-term care center, and rehabilitation center markets. The global pressure relief device market is expected to reach an estimated $6.9 billion by 2030 with a CAGR of 5.0% from 2024 to 2030. The major drivers for this market are increasing prevalence of pressure ulcer and rapidly growing aging population.

A more than 150-page report is developed to help in your business decisions.

Pressure Relief Device by Segment

The study includes a forecast for the global pressure relief device by type, application, end use, and region.

Pressure Relief Device Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Low-Tech Devices
• High-Tech Devices

Pressure Relief Device Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Pressure Ulcers
• Burns
• Surgical Wounds
• Others

Pressure Relief Device Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Hospitals
• Home Care
• Long-Term Care Centers
• Rehabilitation Centers
• Others

Pressure Relief Device Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Pressure Relief Device Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies pressure relief device companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the pressure relief device companies profiled in this report include-

• 3M Health Care
• ArjoHuntleigh
• BSN medical
• Hill-Rom Holdings
• Invacare Corporation
• Acelity
• Paramount Bed
• Smith & Nephew
• Stryker
• Talley

Pressure Relief Device Market Insights

Lucintel forecasts that low-tech devices will remain the larger segment over the forecast period as it is less expensive to build, install, and maintain as compare to high-tech devices.

Within this market, hospitals will remain the largest segment due to presence of advanced health infrastructure and large number of hospitals globally.

North America will remain the largest region over the forecast period due to robust healthcare infrastructure and surge in geriatric population in the region.

Features of the Global Pressure Relief Device Market

Market Size Estimates: Pressure relief device market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Pressure relief device market size by type, application, end use, and region in terms of value ($B).

Regional Analysis: Pressure relief device market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, applications, end uses, and regions for the pressure relief device market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the pressure relief device market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the pressure relief device market size?

Answer: The global pressure relief device market is expected to reach an estimated $6.9 billion by 2030.

Q2. What is the growth forecast for pressure relief device market?

Answer: The global pressure relief device market is expected to grow with a CAGR of 5.0% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the pressure relief device market?

Answer: The major drivers for this market are increasing prevalence of pressure ulcer and rapidly growing aging population.

Q4. What are the major segments for pressure relief device market?

Answer: The future of the pressure relief device market looks promising with opportunities in the hospital, home care, long-term care center, and rehabilitation center markets.

Q5. Who are the key pressure relief device market companies?

Answer: Some of the key pressure relief device companies are as follows:

• 3M Health Care
• ArjoHuntleigh
• BSN medical
• Hill-Rom Holdings
• Invacare Corporation
• Acelity
• Paramount Bed
• Smith & Nephew
• Stryker
• Talley

Q6. Which pressure relief device market segment will be the largest in future?

Answer: Lucintel forecasts that low-tech devices will remain the larger segment over the forecast period as it is less expensive to build, install, and maintain as compare to high-tech devices.

Q7. In pressure relief device market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to robust healthcare infrastructure and surge in geriatric population in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the pressure relief device market by type (low-tech devices and high-tech devices), application (pressure ulcers, burns, surgical wounds, and others), end use (hospitals, home care, long-term care centers, rehabilitation centers, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?