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Pressure Relief Devices Market Expected To Value US$ 3,600 Mn By 2025

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Demand for pressure relief devices is on a surge in developing economies including Asia Pacific (APAC) and Middle East & Africa (MEA). With the advent of medical tourism in various APAC countries such as Vietnam Thailand, Malaysia, Indonesia, India
Demand for pressure relief devices is on a surge in developing economies including
Asia Pacific (APAC) and Middle East & Africa (MEA). With the advent of medical
tourism in various APAC countries such as Vietnam Thailand, Malaysia, Indonesia,
India, and Philippines, the market in this region is expected to witness considerable
growth. Provision of after sales will be the key focus area of the global pressure relief
devices market. Various global players have signed strategic partnerships &
collaborations with regional players for offering sales and aftersales services in
developing markets.
Persistence Market Research (PMR), in its report, projects the global pressure relief
devices market to register 5.3% CAGR during the forecast period 2017 to 2025. In
2016, the market was evaluated at revenues worth US$ 2,280.4 Mn; by 2025 this
number is estimated to reach nearly US$ 3,600 Mn.
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According to a study by Hill-Rom, growing number of patients with hospitalacquired pressure ulcer has led to a robust adoption of pressure ulcer devices in North
America. In addition, rising prevalence of obesity and growing geriatric population
has also driven the demand for pressure ulcer devices. These factors are expected to
drive growth of the market in this region. However, reimbursement stands as a
critical factor, considering the fact that products are highly priced. Private insurers in
North America are adopting reimbursement restrictions for pressure ulcer treatment,
which in turn will restrain market growth in this region.
Increasing out-of-pocket healthcare expenditure is current trend in both developed
and developing countries of APAC. This is expected fuel demand for medical devices
including pressure relief devices in this region. In addition, provision of government
initiatives is expected to offer better healthcare facilities across developing
economies, which is further expected to fuel demand for pressure relief devices in
APAC. In contrast, affordability of purchasing new pressure relief devices is a major
challenge for large number of population across this region. This is because of limited
support from government policies covering pressure ulcer treatment in developing
economies, and lack of health insurance. These factors are expected to impede market
growth in Asia Pacific.
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Long-term care centres will continue to remain most lucrative end-users of pressure
relief devices, with revenues estimated to reach nearly US$ 1,700 Mn by 2025.
Demand for pressure relief devices from long-term care centres is expected to witness
expansion at 6% CAGR through 2025. In addition, hospitals are estimated to be
second largest end-users of pressure relief devices. Revenue garnered by demand for
pressure relief devices from hospitals is expected to surpass US$ 800 Mn in 2017.
By product type, specialty beds will remain sought-after in the market. Sales of
specialty beds is expected to exhibit 5.8% CAGR through 2025. Specialty beds are
expected to account for over 50% market share by 2025-end. In addition, sales of
pressure relief mattress is projected to reach nearly US$ 600 Mn in 2017. In contrast,
mattress overlays are expected to witness a comparatively low CAGR in the market.
North America will remain the largest market for pressure relief devices. Sales of
pressure relief devices in this region will reach nearly US$ 800 Mn in 2017; by 2025
this number is estimated to surpass US$ 1,000 Mn. In addition, APAC is expected to
witness fastest growth in the market. Sales of pressure relief devices in APAC is
projected to expand at 6% CAGR through 2025. In contrast, MEA is expected to
exhibit sluggish expansion in the market during the forecast period.
Key players identified in PMR’s report include Arjohuntleigh AB, Hill-Rom Global
Holdings B.V., INVACARE CORP, PARAMOUNT BED CO., LTD., Talley Group
Limited, STRYKER CORPORATION, SIDHIL LIMITED, MEDTRONIC PUBLIC
LIMITED COMPANY, SMITH & NEPHEW PLC, Apex Medical Corp, Proma Reha,
s. r. o., Besco Medical Co., Ltd., Hirtz & Co. KG, GF Health Products, Inc., ADL
GmbH., Linet spol. s r.o.
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About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research
model is a unique collaboration of data analytics and market research methodology to
help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a
multi-disciplinary approach. At PMR, we unite various data streams from multidimensional sources. By deploying real-time data collection, big data, and customer
experience analytics, we deliver business intelligence for organizations of all sizes.
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