Pressure ulcers can be prevented by a number of support surface devices that include cushions, mattresses, specialty beds and overlays. This report studies the current scenario as well as future market potential for pressure relief devices globally.
The global pressure relief devices market is estimated to account for US$ 4,078.1 Mn in terms of value by the end of 2027.
Global Pressure Relief Devices Market: Drivers
High prevalence of pressure ulcers is expected to propel growth of the global pressure relief devices market over the forecast period. For instance, according to the study, ‘Reducing pressure ulcers across multiple care settings using a collaborative approach’, published in BMJ in August 2019, over 700,000 patients are affected by pressure ulcers annually in the U.K.
Global Pressure Relief Devices Market: Opportunities
Increasing prevalence of cancer is expected to offer lucrative growth opportunities for players in the global pressure relief devices market. For instance, according to the American Cancer Society, in 2019, there will be an estimated 1,762,450 new cancer cases diagnosed and 606,880 cancer deaths in the U.S.
Global Pressure Relief Devices Market: Restraints
Recall of products is expected to hamper the market growth. For instance, in February 2020, The U.S. Food and Drug Administration (FDA) issued a Class I recall of Teleflex Incorporated’s Galemed Babi.Plus 12.5 cm H2O Pressure Relief Manifold.
The global pressure relief devices market was valued at US$ 2,694.8 Mn in 2019 and is forecast to reach a value of US$ 4,078.1 Mn by 2027 at a CAGR of 5.2% between 2020 and 2027. Increasing prevalence of pressure ulcers in emerging economies is expected to offer lucrative growth opportunities for players in the global pressure relief devices market.
Low-tech Devices segment held dominant position in the global pressure relief devices market in 2019, accounting for 87.7% share in terms of volume, followed by segment 2 and segment 3, respectively Increasing prevalence of obesity is expected to propel growth of the segment during the forecast period.
Major players the market are focused on R&D of new products. For instance, in February 2020, ArjoHuntleigh announced to publish the results from a clinical evaluation for the recently launched WoundExpress, a patented therapy for the treatment of venous leg ulcers.
Major players in the market are also focused on approval and launch of new products to expand their product portfolio. For instance, in November 2018, Medtronic plc received CE Mark approval for the Valiant Navion thoracic stent graft system for the minimally invasive repair of blunt traumatic aortic injuries, penetrating atherosclerotic ulcers, and others.
Global Pressure Relief Devices Market: Competitive Landscape
Major players operating in the global pressure relief device market include, ArjoHuntleigh, Medtronic Plc, Hill-Rom Holdings, Inc., Invacare Corporation, Smith & Nephew Plc, Stryker Corporation, Talley Group Limited, and Paramount Bed Holdings Co., Ltd.
Global Pressure Relief Devices Market: Key Developments
February 2020: Talley Group Limited launched new clinical education resources at Wound Care Today 2020
December 2019: Hillrom Holdings, Inc. announced to present at the 38th Annual J.P. Morgan Healthcare Conference in January 2020, in San Francisco, U.S.
Scope of the report
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