Pressure Relief Devices Market To Reach USD 52.69 Billion By 2026
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This study takes the closer look at different growth trends, futures prospects, Industrial revenue performance, market shares and regulations that will standardize the industry in near future; this would help business owners to strategically evaluate their micro-markets. Researchers behind the study have included some Key market players and assessed their industry shares, milestones achieved as well core competencies. Resource charts, tables and graphical images are included to make decisive statistics self-explanatory.
Rise in adoption of pressure relief devices for the prevention of ulcers, application in various lifestyle-related conditions such as diabetes, cardiovascular diseases and obesity, growing target diseases such as obesity and rise in geriatric population are the key factors contributing to high CAGR of Pressure Relief Devices market during forecast period.
Key participants include Stryker Corp., Smith & Nephew, Invacare Corporation, Hill-Rom Services Inc., Paramount Bed Holdings Co. Ltd., Medtronic PLC, Talley Group Limited, ArjoHuntleigh, Apex Medical Corp., Drive DeVilbiss Healthcare Ltd (Sidhil Limited), Linnet spol.s.r.o. and PROMA REHA, s. r. o.
Market Size – USD 40.10 Billion in 2018, Market Growth - CAGR of 3.5%, Market Trends – Product launches and research for advanced Pressure Relief Devices
The literature enables stakeholder to learn more about the audience they should sell their products and services to; what are their needs; preference or how the major vendors act. The report further allows product owners to identify and evaluate the market demand, size and immediate competitors. Vital statistics on Pressure Relief Devices market can be further used to determine the feasibility of the different product types, design, promotional strategies and develop an effective business plan.
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Pressure ulcers are also known as pressure damage, pressure injuries, pressure sores, bed sores, decubitus ulcers. These are the areas of localized damage to the skin and underlying tissue and are caused by a combination of pressure, shear, and friction. Prolonged immobilization due to critical illness and mechanical ventilation can result in serious complications such as pressure ulcers. Pressure ulcer risk factors vary from person to person. The extended stay in the hospital of bed-ridden patients due to the underlying medical conditions such as cancer, multiple bone fractures, and other severe diseases results in pressure ulcers, which further increases the adoption of pressure relief devices.
Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering
- North America
- Southeast Asia
Equipment safety is one of the important issues concerning the use of pressure-relieving devices in the healthcare sector. In line with this, The National Institute for Clinical Excellence, U.K. commissioned the National Collaborating Centre for Nursing and Supportive Care to develop guidelines on the use of pressure-relieving devices (specifically beds, mattresses, and overlays) for the prevention of pressure ulcers. The rise in the geriatric population and the prevalence of obesity-related diseases are leading to an increase in the demand for pressure ulcer devices
An extensive study of the product application and services conducted by subject matter experts assessing the Pressure Relief Devices market will help product owners to make a wise decision. From analysing which products companies should produce, expand to how brands should position their product the study covers all that business owners require meeting the buyers’ requirement.
The study further offers a comprehensive assessment of the revenue generated by the various segments across different regions for the forecast period, 2019 to 2026. To help business owners gain a thorough understanding of the current momentum the research taps hard to find data on aspects including but not limited to demand and supply, distribution channel and technology upgrades.
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