Published: Aug, 2017
The global pressure relief devices market has been envisaged in a report penned by leading market research firm, Transparency Market Research (TMR), to witness the adoption of partnership and distribution strategies to increase share. This could be due to the availability of a vast count of business opportunities on the part of pressure ulcer products. In 2015, ArjoHuntleigh and BAM Labs joined hands to make available the latter’s Smart Bed Technology in the U.S. acute care market.
According to TMR, the global pressure relief devices market has been envisioned to achieve a US$2.80 bn by the end of 2020. After having dominated the market in the recent past, low-tech device could continue posting a leading share for pressure relief devices. In terms of geography, North America has been projected to take the driver’s seat in the market, considering its command over the market since several years.
The market for pressure relief devices has been anticipated to be marked by the acquisition of smaller companies. Some of the pressure relief devices firms operating in the market could also embrace new product launch as an expansion stratagem. Companies such as Stryker Corporation, Invacare Corporation, Hill-Rom Holdings, Inc., Covidien plc, and Talley Group Limited have been anticipated to showcase their prominence in the global pressure relief devices market. The level of competition in the market could be high, owing to the growing demand for pressure relief devices.
Amplified Occurrence of Pressure Ulcer Raises Need for Pressure Relief Devices
On account of a surging count of patients diagnosed with pressure ulcer, the demand in the world pressure relief devices market could elevate significantly in the foreseeable future. One of the most determining factors involved in the development stage of pressure ulcer is body pressure. Pressure ulcer results from an extrinsic mechanical load that causes a localized injury to an underlying tissue or the skin. As a result, the rise in obesity cases has been predicted to set the tone for a reliable market growth for pressure relief devices. Amongst the four classifications of pressure ulcer according to The European Pressure Ulcer Advisory Panel (EPUAP), stage IV (deep ulcer) could be the most critical of all, creating emergency medical conditions.
However, there are several support surface devices that could be used to prevent pressure ulcer, including mattresses, overlays, and cushions, thus contributing toward the growth of the world pressure relief devices market.
Lack of Skills to Operate Advanced Devices Discourages Adoption
As per the analysis of the report, the demand for pressure relief devices could be negatively impacted by the exorbitant cost of equipment. Besides this, factors such as the requirement of skilled individuals for operating advanced and new products have been forecasted to hinder the growth of the international market for pressure relief devices.
Nevertheless, there could be profitable market prospects birthing in the international pressure relief devices market on the back of the presence of technologically sophisticated products such as dynamic air therapy bed. Moreover, regions such as North America and Asia Pacific could add to the growth of the market with a swelling awareness about pressure relief devices and their telling demand. Furthermore, the snowballing rise of the aging population could bode well for the sale of pressure relief devices.
The information presented in this review is based on a TMR report, titled, “Pressure Relief Devices Market (Device - Low-tech Device (Foam-based Mattress, Gel-filled Mattress, and Air-filled Mattress) and Hi-tech Device (Kinetic Bed and Dynamic Air Therapy Bed) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2020.”
The global pressure relief devices market has been segmented as presented below:
Global Pressure Relief Devices Market by Device
- Low-tech Device
- Foam-based Mattress
- Gel-filled Mattress
- Air-filled Mattress
- Hi-tech Device
- Kinetic Bed
- Dynamic Air Therapy Bed
Global Pressure Relief Devices Market by Geography
- North America
- Asia Pacific
- Rest of the World
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