Global Pressure Relief Devices Market, 2014: Industry Will Reach 2.85 Billion by 2020
Global Pressure Relief Devices Market Analysis, Trends, Segment & Forecast up to 2020
Deerfield Beach, FL -- (SBWire) -- 10/06/2017 --According to the report, global demand for pressure relief devices market was valued at around USD 2.10 billion in 2014 and is expected to generate revenue of USD 2.85 billion by end of 2020, growing at a CAGR of slightly above 5% between 2015 and 2020. Zion Market Research has published a new report titled "Pressure Relief Devices (Low-tech Devices (Foam Based Mattresses, Gel Filled Mattresses, Air Filled Mattresses and Others) and Hi-tech Devices (Kinetic Beds, Dynamic Air Therapy Beds)) Market: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2014 – 2020."
The report covers forecast and analysis for the pressure relief devices market on a global and regional level. The study provides historic data of 2014 along with a forecast from 2015 to 2020 based on revenue (USD Million). The study includes drivers and restraints for the pressure relief devices market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the pressure relief devices market on a global level.
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In order to give the users of this report a comprehensive view on the pressure relief devices market, we have included the competitive landscape of the market and Porter's Five Forces analysis for the pressure relief devices market. The study encompasses a market attractiveness analysis, wherein the product and regional segments are benchmarked based on their market size, growth rate, and general attractiveness.
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The pressure relief devices market is segmented on the basis of the different type of devices such as low-tech devices (foam based mattresses, gel-filled mattresses, air-filled mattresses and others) & hi-tech devices (kinetic beds, dynamic air therapy beds). The low-tech device segment dominated the market with largest share of the total market in 2014. Foam-based mattresses is a leading segment in low tech device segment due to lower price, easy availability and low technical complexity. Gel-filled based mattresses also accounted for a significant share in low tech device segment and it is observed to be growing as the mattress lets easy repositioning of the body. Dynamic air therapy bed among hi-tech devices accounted for the largest market share in 2014. The hi-tech segment is expected to grow at a rapid pace in the years to come.
North America dominated the pressure relief devices market and accounted for the largest share of the global market in 2014. North America followed by Europe and Asia Pacific region. In terms of revenue, Europe was the second largest market for pressure relief devices. The pressure relief devices market in Asia Pacific region is expected to exhibit strong growth owing to rising healthcare infrastructures and growing population. Moreover, emerging economies such as China and India are expected to exhibit rapid growth in demand for pressure relief devices market during the forecast period.
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Major market players operating in this market include ArjoHuntleigh, AB (Innova Extra mattress), Covidien plc (Wings quilted premium underpads), Hill-Rom Holdings, Inc. (NP50 Prevention Surface), Invacare Corporation (Invacare Softform Excel Mattress), Stryker Corporation (PositionPRO), Talley Group Limited (QUATTRO PLUS) and Paramount Bed Holdings Co., Ltd. (Accumax mattress).
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