Pressure Relief Devices Market 2018-2024 | Growth Forecast Insights
Date: 2018-09-11   Author: Rahul Sankrityayan  Category: #market

Pressure Relief Devices Market 2018-2024 | Growth Forecast Insights

Global Pressure Relief Devices Market is expected to witness significant growth from 2017 to 2024. Pressure relief devices market size should witness significant growth due to rising incidences of pressure ulcers across the globe. As per U.S. Department of Health and Human Services, more than 2.5 million individuals are affected with pressure ulcers annually in the U.S. which further fuels the demand for pressure relief devices such as mattresses, beds, cushions and overlays over the coming few years.

Accelerating elderly population base prone to pressure injuries or bedsores will further augment demand for such devices. As per UN 2012 estimates, worldwide geriatric population will double by 2050 to reach an estimated value of more than 2.0 billion boosting market growth in the future. Moreover, major causes of pressure ulcers include lack of mobility, dry or moist skin, spinal injuries, osteoarthritis, poor circulation due to heavy smoking habits, shearing and friction which removes top layers of skin leading to pain and infection to patients who are admitted in the hospitals for long duration and are bedridden.

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Increasing obesity prevalence owing to lack of physical activity, unhealthy dietary habits and adoption of sedentary lifestyles are yet another paramount factor propelling the market growth. The body weight damages the skin tissues and blood supply causing pain to the patients. Hence, these products enable healing of such wounds and tissue damages. Technological advancements such as development of dynamic air fluidized therapy bed will augment industry expansion. However, prohibitive cost associated with these bedsore relief devices will hamper the industry growth over the forecast period.

Increasing number of programs to enhance public awareness pertaining to proper management and prevention of injuries will create immense growth opportunities in the future. For instance, The National Pressure Ulcer Advisory Panel (NPUAP) announced the World Wide Pressure Injury Prevention Day on November 17 with a STOP pressure injuries logo. The main objective is to create awareness related to prevention of injuries and educate public across the world. The panel has provided a window opportunity for organizations and healthcare settings such as hospitals, nursing homes, long-term care centers for sharing a common prevention and awareness message.

The low-tech devices held a momentous share as of 2016, due to their ability to contour around the patient’s body to distribute weight and relief pressure over large areas prone to formation of bedsores. Moreover, the foam-based mattresses will play a significant role in amplifying low-tech devices market share due to its associated benefits such as ease of use, ability to minimize pressure, enhanced durability, increased resilience and cost efficiency accelerating the adoption in near future. High-tech devices will grow at a rapid pace owing to the technological advancements such as dynamic pressure distribution beds and systems.

U.S. will drive the North America pressure relief devices market owing to the increasing prevalence of pressure ulcers coupled with mounting elderly patient pool prone to hospital-acquired bedsores fueling the demand for advanced mattresses and beds in the future. India shall witness significant growth rate in the coming years owing to increasing obesity rates along with presence of large geriatric patient pool. Mounting disposable income and increasing healthcare expenditure will further boost demand for these products over the forecast period.

Some of the key industry players include Acelity, Smith & Nephew, Hill-Rom Holdings, ArjoHuntleigh, BSN Medical, Talley Group, Invacare, Paramount Bed Holdings, and Stryker. The industry players focus on innovative product launches and strategic alliances to expand their business product portfolio as main strategies. In May 2017, Hill Rom Holdings launched innovative healing solution called the Envella Air Fluidized Therapy Bed for prevention and treatment of patients with advanced injuries and wounds.

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Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for AlgosOnline, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in t...

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