DUBLIN--(BUSINESS WIRE)--The "Global Pressure Relief Devices Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2017 to 2025" report has been added to ResearchAndMarkets.com's offering.
The global pressure relief devices market was valued at US$ 2,007.2 Million in 2016, and is expected to reach US$ 3,250.9 Million by 2025, expanding at a CAGR of 5.3% from 2017 to 2025.
Growing incidence of pressure ulcers, particularly among the rapidly growing, high-risk geriatric population will majorly drive the global pressure relief devices market. The senescent population is at higher risk of developing pressure ulcers during the period of bed-rest. The population pool aged 60 and above is anticipated to continuously grow over the next decade on the ground of growing life expectancy; this factor will contribute to the steady market growth. Every year millions of individuals develop pressure ulcers, where the incidence is significantly higher in developed parts of the world. The cost burden of the treatment of ulcers is also significantly high, which thereby leads to the demand for ulcer management and prevention products such as pressure relief devices.
Growth in medical expenditure and high demand for long-term healthcare services contribute to the dominance of North America and Europe in the global pressure relief devices market. Pressure sores and ulcers rank 4th among the top hospital acquired conditions in the U.S. (CMS). Furthermore, rapid proliferation of healthcare infrastructure and growing awareness about prevention and effective management of pressure ulcers makes Asia Pacific the fastest-growing market for pressure relief devices. Growing geriatric population pool, increasing influx of medical tourism patients and growing disposable income are further expected to drive the Asia Pacific market.
- 3M Health Care
- BSN Medical
- Covidien plc
- Hill-Rom Holdings, Inc.
- Invacare Corporation
- Kinetic Concepts, Inc.
- Paramount Bed Holdings Co., Ltd.
- Paul Hartmann AG
- Smith & Nephew
- Stryker Corporation
- Talley Group Ltd.
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