Pressure Relief Devices Market By Device Type (Low Tech Devices [Gel Filled Mattress, Foam-Based Mattress, Others] And High Tech Devices [Kinetic Beds And Air Therapy Beds]), Application (Pressure Ulcers, Surgical Wounds And Burns), End-User (Hospitals, Homecare And Rehabilitation Centers) and geography is expected to grow at a steady CAGR forecast till 2028 owing to the increasing incidence of pressure ulcers and growing geriatric population across the globe.
The demand for pressure relief devices is primarily being boosted by the increasing incidence of pressure ulcers. Additionally, the increasing geriatric population and the rising number of surgical procedures across the globe is another factor contributing to the growth of the pressure relief devices market during the forecast period from 2023-2028.
As per the data provided by the World Health Organization 2021, during 2015-2050, people falling between 60 years and above will be doubled from 12% to 22%, and will eventually reach 2.1 billion by the year 2050, globally. Moreover, by 2030, 1 in 6 people will age 60 years or above. As people age, they are more prone to developing chronic health conditions such as arthritis, diabetes, and cardiovascular diseases. These conditions often lead to reduced mobility and increased susceptibility to pressure ulcers, commonly known as bedsores. Pressure relief devices, such as pressure-relieving mattresses, cushions, and pads, thus would prove to be essential for preventing and managing these conditions. Thus, the growing geriatric population will eventually boost the growth of the Pressure Relief Devices market.
However, the high cost associated with pressure relief devices and the lack of reimbursement policies related to pressure relief devices, are some of the key constraints that may limit the growth of the Pressure Relief Devices market.
In the device type segment of the market, the Low tech devices category is estimated to amass a significant revenue share in the Pressure Relief Devices Market in 2022. This can be attributed to the various advantages provided by Low tech Devices. Low-tech pressure relief devices are generally more affordable when compared to high-tech devices. Due to the lower cost of the devices, it makes them accessible to a broader range of healthcare facilities or patients, especially those with budget constraints.
Additionally, low-tech pressure relief devices are user-friendly and require minimal training for both healthcare professionals and caregivers. This simplicity enhances their adoption and ensures that individuals can use these devices effectively without the need for specialized skills or knowledge. Therefore, the various advantages provided by Low tech devices category such as ease of use, affordability, and accessibility are some of the factors contributing to the growth of the segment.
Therefore, owing to the above-mentioned factors, the Low tech devices category is expected to register significant growth, thereby driving the growth of the overall Pressure Relief Devices market during the forecast period.
According to the data provided by the Centers for Disease Control and Prevention (CDC) 2022, it was estimated that in 2019, 54.1 million people were 65 or older which contributed to 16% of the total population in the United States. Additionally, according to the same source, by 2040, the number of older adults is expected to reach 80.8 million and by the year 2060, it will reach 94.7 million, and older adults will make up nearly 25% of the US population. Thus, with the rising geriatric population in the region, the demand for pressure relief devices will also increase, thus resulting in the positive growth of the Pressure Relief Devices Market in the United States, which will eventually propel the Pressure Relief Devices market in North America.
Additionally, the presence of key market players in the region including Stryker, Hillrom, and 5 Minds Mobility is another contributing factor responsible for a high product demand from the region, thus aiding the growth of the Pressure Relief Device market in North America.
Therefore, the factors mentioned above, and the presence of key market leaders within the region are thereby responsible for driving the overall market for Pressure Relief Devices in North America during the forecast period.
Pressure Relief Devices are specialized tools or equipment designed to alleviate pressure on specific areas of the body, primarily in individuals who are at risk of developing pressure ulcers or bedsores. Pressure ulcers occur when prolonged pressure on the skin and underlying tissues disrupts blood flow, leading to tissue damage.
2. What are the drivers for the global Pressure Relief Devices market?
The Pressure Relief Devices Market is slated to witness prosperity owing to various factors such as the increasing incidence of pressure ulcers. Additionally, the increasing geriatric population and rising number of surgical procedures across the globe is another factor that is contributing to the growth of the pressure relief devices market during the forecast period from 2023-2028.
3. Who are the key players operating in the global Pressure Relief Devices market?
Some of the key market players operating in the Pressure Relief Devices Market are Stryker, Air Kinetic Technologies Corp., Essity Aktiebolag, Hillrom, Invacare Corporation, PARAMOUNT BED CO., LTD., Arjo, Talley Group Ltd., Thomashilfen.us, and 5 Minds Mobility, Direct Health Group.
4. Which region has the highest share in the global Pressure Relief Devices market?
North America is expected to dominate the overall Pressure Relief Devices Market during the forecast period, 2023 to 2028. This is due to the presence of developed and sophisticated healthcare infrastructure, and the rising geriatric population in the region. Additionally, rising technological advancements, and the presence of a highly viable market in terms of product development, and launches are some of the key factors that are driving the growth of the Pressure Relief Devices Market in North America.
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The demand for pressure relief devices is primarily being boosted by the increasing incidence of pressure ulcers. Additionally, the increasing geriatric population and the rising number of surgical procedures across the globe is another factor contributing to the growth of the pressure relief devices market during the forecast period from 2023-2028.
Pressure Relief Devices Market Dynamics:
According to the data provided by the World Health Organization (WHO) 2023, pressure ulcers affected 1 in 10 patients who were admitted to the hospital globally, in the year 2020. Additionally, according to the Agency for Healthcare Research and Quality 2023, it was estimated that around 2.5 million people in the United States develop pressure ulcers every year on average. Thus the increasing incidence of pressure ulcers around the world will create a need for the management and treatment of pressure ulcers, thus resulting in the positive growth of the Pressure Relief Devices market.As per the data provided by the World Health Organization 2021, during 2015-2050, people falling between 60 years and above will be doubled from 12% to 22%, and will eventually reach 2.1 billion by the year 2050, globally. Moreover, by 2030, 1 in 6 people will age 60 years or above. As people age, they are more prone to developing chronic health conditions such as arthritis, diabetes, and cardiovascular diseases. These conditions often lead to reduced mobility and increased susceptibility to pressure ulcers, commonly known as bedsores. Pressure relief devices, such as pressure-relieving mattresses, cushions, and pads, thus would prove to be essential for preventing and managing these conditions. Thus, the growing geriatric population will eventually boost the growth of the Pressure Relief Devices market.
However, the high cost associated with pressure relief devices and the lack of reimbursement policies related to pressure relief devices, are some of the key constraints that may limit the growth of the Pressure Relief Devices market.
Pressure Relief Devices Market Segment Analysis:
Pressure Relief Devices Market by Device Type (Low tech devices [Gel filled mattress, Foam-based mattress, and Others] and High tech devices [Kinetic Beds and Air Therapy Beds]), Application (Pressure Ulcers, Surgical Wounds, and Burns), End-User (Hospitals, Homecare, and Rehabilitation Centers) and Geography (North America, Europe, Asia-Pacific, and Rest of the World)In the device type segment of the market, the Low tech devices category is estimated to amass a significant revenue share in the Pressure Relief Devices Market in 2022. This can be attributed to the various advantages provided by Low tech Devices. Low-tech pressure relief devices are generally more affordable when compared to high-tech devices. Due to the lower cost of the devices, it makes them accessible to a broader range of healthcare facilities or patients, especially those with budget constraints.
Additionally, low-tech pressure relief devices are user-friendly and require minimal training for both healthcare professionals and caregivers. This simplicity enhances their adoption and ensures that individuals can use these devices effectively without the need for specialized skills or knowledge. Therefore, the various advantages provided by Low tech devices category such as ease of use, affordability, and accessibility are some of the factors contributing to the growth of the segment.
Therefore, owing to the above-mentioned factors, the Low tech devices category is expected to register significant growth, thereby driving the growth of the overall Pressure Relief Devices market during the forecast period.
North America is expected to dominate the overall Pressure Relief Devices Market:
North America is expected to account for the highest proportion of the Pressure Relief Devices Market in 2022, out of all regions. This is due to the presence of developed and sophisticated healthcare infrastructure, and the rising geriatric population in the region. Additionally, the rising technological advancements, and the presence of a highly viable market in terms of product development, and launches are some of the key factors that are driving the growth of the Pressure Relief Devices Market in North America.According to the data provided by the Centers for Disease Control and Prevention (CDC) 2022, it was estimated that in 2019, 54.1 million people were 65 or older which contributed to 16% of the total population in the United States. Additionally, according to the same source, by 2040, the number of older adults is expected to reach 80.8 million and by the year 2060, it will reach 94.7 million, and older adults will make up nearly 25% of the US population. Thus, with the rising geriatric population in the region, the demand for pressure relief devices will also increase, thus resulting in the positive growth of the Pressure Relief Devices Market in the United States, which will eventually propel the Pressure Relief Devices market in North America.
Additionally, the presence of key market players in the region including Stryker, Hillrom, and 5 Minds Mobility is another contributing factor responsible for a high product demand from the region, thus aiding the growth of the Pressure Relief Device market in North America.
Therefore, the factors mentioned above, and the presence of key market leaders within the region are thereby responsible for driving the overall market for Pressure Relief Devices in North America during the forecast period.
Pressure Relief Devices Market Key Players:
Some of the key market players operating in the Pressure Relief Devices market include Stryker, Air Kinetic Technologies Corp., Essity Aktiebolag, Hillrom, Invacare Corporation, PARAMOUNT BED CO., LTD., Arjo, Talley Group Ltd., Thomashilfen.us, and 5 Minds Mobility, Direct Health Group, and others.Recent Developmental Activities in the Pressure Relief Devices Market:
- In March 2021, Direct Healthcare Group acquired Talley Group Ltd. The main aim of the acquisition was to expand its product offerings and provide comprehensive solutions in the field of wound care and pressure ulcer management.
- In October 2020, Arjo acquired some stakes in Bruin Biometrics. The main aim of the acquisition was to allow enhanced market penetration and distribution of the SEM Scanner, which allows improved access of SEM Scanner to its customers.
Key Takeaways from the Pressure Relief Devices Market Report Study
- Market size analysis for current Pressure Relief Devices Market size (2022), and market forecast for 5 years (2023-2028)
- Top key product/technology developments, mergers, acquisitions, partnerships, and joint ventures happened for the last 3 years
- Key companies dominating the global Pressure Relief Devices market.
- Various opportunities available for the other competitors in the Pressure Relief Devices Market space.
- What are the top-performing segments in 2022? How these segments will perform in 2028?
- Which are the top-performing regions and countries in the current Pressure Relief Devices market scenario?
- Which are the regions and countries where companies should have concentrated on opportunities for Pressure Relief Devices market growth in the coming future?
Target Audience who can be benefited from this Pressure Relief Devices Market Report Study
- Pressure Relief Devices product providers
- Research organizations and consulting companies
- Pressure Relief Devices-related organizations, associations, forums, and other alliances
- Government and corporate offices
- Start-up companies, venture capitalists, and private equity firms
- Distributors and Traders dealing in Pressure Relief Devices
- Various end-users who want to know more about the Pressure Relief Devices Market and the latest technological developments in the Pressure Relief Devices Market.
Frequently Asked Questions for the Pressure Relief Devices Market:
1. What is meant by Pressure Relief Devices?Pressure Relief Devices are specialized tools or equipment designed to alleviate pressure on specific areas of the body, primarily in individuals who are at risk of developing pressure ulcers or bedsores. Pressure ulcers occur when prolonged pressure on the skin and underlying tissues disrupts blood flow, leading to tissue damage.
2. What are the drivers for the global Pressure Relief Devices market?
The Pressure Relief Devices Market is slated to witness prosperity owing to various factors such as the increasing incidence of pressure ulcers. Additionally, the increasing geriatric population and rising number of surgical procedures across the globe is another factor that is contributing to the growth of the pressure relief devices market during the forecast period from 2023-2028.
3. Who are the key players operating in the global Pressure Relief Devices market?
Some of the key market players operating in the Pressure Relief Devices Market are Stryker, Air Kinetic Technologies Corp., Essity Aktiebolag, Hillrom, Invacare Corporation, PARAMOUNT BED CO., LTD., Arjo, Talley Group Ltd., Thomashilfen.us, and 5 Minds Mobility, Direct Health Group.
4. Which region has the highest share in the global Pressure Relief Devices market?
North America is expected to dominate the overall Pressure Relief Devices Market during the forecast period, 2023 to 2028. This is due to the presence of developed and sophisticated healthcare infrastructure, and the rising geriatric population in the region. Additionally, rising technological advancements, and the presence of a highly viable market in terms of product development, and launches are some of the key factors that are driving the growth of the Pressure Relief Devices Market in North America.
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Table of Contents
1. Pressure Relief Devices Market Report Introduction8. KOL Views9. Project Approach10. Publisher Capabilities11. About the Publisher12. Disclaimer
2. Pressure Relief Devices Market Executive Summary
3. Regulatory Analysis
4. Pressure Relief Devices Market Key Factors Analysis
5. Pressure Relief Devices Market Porter’s Five Forces Analysis
6. Pressure Relief Devices Market Layout
7. Pressure Relief Devices Market Company and Product Profiles
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Stryker
- Air Kinetic Technologies Corp.
- Essity Aktiebolag, Hillrom
- Invacare Corporation
- PARAMOUNT BED CO., LTD.
- Arjo
- Talley Group Ltd.
- Thomashilfen.us, and 5 Minds Mobility
- Direct Health Group