Industry Outlook and Trend Analysis
The global pressure relief devices market was worth USD 2.31 billion in the year 2014 and is expected to reach approximately USD 3.72 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 5.41% during the forecast period. Body pressure has been perceived as the most vital outward figure included the advancement of weight ulcers. Pressure ulcer is restricted damage of the skin and additionally basic tissue coming about because of an outside mechanical load by our body, connected to delicate natural tissues. The European Weight Ulcer Counseling Board (EPUAP) characterized weight ulcers into four classifications to be specific stage I (non-blanchable erythema), organize II (scraped spot or a blister), arrange III (superficial ulcer) and stage IV (profound ulcer). Stage IV is considered as the most critical weight ulcer that can make crisis restorative conditions. Weight ulcers can be averted by various help surface gadgets that incorporate pads, sleeping pads, claim to fame overnight boardinghouses. The weight alleviation gadgets showcase is encountering critical development attributable to rising number of patients determined to have weight ulcers combined with developing geriatric population.
Type Outlook and Trend Analysis
On the basis of type, the global pressure relief devices market is segmented into; Low-Tech Devices and High-Tech Devices. Low-tech devices or static help gadgets are ideally used to diminish the weight on the skin and tissue experienced by patients because of their body weight. Factors, for example, avoidance of ulcer, cost adequacy and simple operability are powering the development of the low-tech devices portion. In this manner, attributable to the previously mentioned factors low-tech gadgets portion commanded the worldwide weight alleviation gadgets advertise in 2013. The low-tech devices portion has been sub-fragmented into Foam-based Mattress, Gel-based Mattress, Fiber Filled Mattress, Water/Fluid Filled Mattress and Air Filled Mattress. Foam based mattresses are utilized to diminish the improvement of pressure ulcers. Likewise, cost adequacy, simple accessibility, low specialized intricacy and higher solace are a portion of the noticeable components that impel the take-up of these mattresses.
Regional Outlook and Trend Analysis
On the basis of geography, North America represented the biggest piece of the pie in the worldwide pressure relief devices market in 2013 and is required to develop at a relentless development rate amid the gauge time frame from 2014 to 2023. The strength of this area was fundamentally because of expanding pervasiveness of weight ulcers and rising interest for different propelled advanced mattresses. However, Asia-Pacific is relied upon to witness the quickest development rate amid the gauge time frame from 2014 to 2023. Expanding geriatric population in couple of Asian nations and rising extra cash are the central point anticipated that would drive the market in Asia-Pacific.
The key players of global pressure relief devices market report incorporate ArjoHuntleigh; BSN medical, Inc.; Hill-Rom Holdings, Inc.; PARAMOUNT BED HOLDINGS CO., LTD., Acelity; Invacare Corporation; and Talley Group Ltd. Some organizations are concentrating on new item dispatches as a piece of their vital extension. The market is set apart by associations amongst organizations and acquisitions of littler players. For example, in 2015, ArjoHuntleigh teamed up with BAM Labs to give BAM Labs Smart Bed Technology to the intense care market in the U.S.
The Pressure Relief Devices Market is segmented as follows-
Fiber Filled Mattress
Water/Fluid Filled Mattress
Air Filled Mattress
Dynamic Air Therapy Beds
Rest of Europe
Rest of Asia Pacific
Rest of the World
United Arab Emirates
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?