According to a new report, published by KBV research, The Global Pressure Relief Devices Market size is expected to reach $5.5 billion by 2030, rising at a market growth of 6.0% CAGR during the forecast period.
The High-Tech Devices segment would exhibit a CAGR of 6.6% during (2023 - 2030) due to advancements in technology and device design. Many high-tech devices are powered and created especially for periodic pressure redistribution, offering patients with mobility impairments various therapeutic advantages.
The Pressure Ulcers segment is leading the Global Pressure Relief Devices Market by Application in 2022; thereby, achieving a market value of $2.8 billion by 2030. A pressure ulcer, also known as a pressure sore, bed sore, or decubitus ulcer, is an injury to the skin and surrounding tissue brought on by sustained pressure or pressure combined with rubbing on the skin. The market is driven by a spike in the number of pressure ulcers that occur, a rise in the number of elderly people because they are more likely to get pressure ulcers and an increase in public knowledge of the therapies for pressure ulcers.
The Clinics segment would showcase a CAGR of 6.4% during (2023 - 2030). The market is witnessing growth in this segment as a large population base nowadays prefers getting treatment at such clinics instead of hospitals. This is due to the shorter waiting period at such clinics. Also, the market is growing as a result of the easy availability of such clinics in urban as well as rural areas.
The North America region dominated the Global Pressure Relief Devices Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2.0 billion by 2030. The Europe market is poised to grow at a CAGR of 5.8% during (2023 - 2030). Additionally, The Asia Pacific market would experience a CAGR of 6.7% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/pressure-relief-devices-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 3M Company, Arjo AB (Huntleigh Healthcare Ltd.), Essity AB (BSN medical), Hill-Rom Holdings, Inc. (Baxter International, Inc.), Invacare Corporation, GE HealthCare Technologies, Inc., Paramount Bed Co., Ltd. (Paramount Bed Holdings Co., Ltd.), Smith & Nephew PLC, Stryker Corporation, Talley Group Ltd. (Direct Healthcare Group).
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