Pressure Relief Devices Market Report 2018-2026 Focuses On Top Companies Gentinge Group AB, Invacare Corporation, Hill-Rom Holdings, Talley Group Limited, Paramount Bed Holdings , Stryker Corporation, Acelity L.P

The global pressure relief devices market was valued at US$ 2.95 billion in 2017 and is expected to witness a CAGR of 4.9% over the forecast period (2018–2026).

Pressure relief devices are utilized to prevent occurrence of pressure ulcers. Pressure ulcers, also known as pressure sores, decubitus ulcers or bed sore, cause localized damage to skin and underlying tissues due to prolonged pressure on skin, thereby causing pain and irritation. Pressure ulcers develop at various bony sites on the body such as back, hip, shoulder blades, lower back tailbone, heels, ankles, and skin behind the knees. Constant pressure on one part of the body leads to lack of oxygen and other essential supplies (Sodium, Potassium), which results in swelling and eventual death of tissue in the affected part. Most vulnerable people for pressure ulcers are bedridden patients or those with limited mobility in certain parts of body. These patients mostly include the geriatric population who require palliative care and patients suffering from terminal illness, severe traumas (brain injury), or those in coma, that require prolonged hospital stay. Pressure relief devices help these patients by redistributing the pressure from one part to another, thereby promoting the balanced supply of oxygen. This in turn, helps cure and also prevent pressure ulcers.

Major factors driving growth of the pressure relief devices market is increasing geriatric population worldwide. Ageing population requires prolonged hospital stay due to terminal disease, fracture surgery, and other palliative care, thereby increasing their risk of developing pressure ulcers and other complications due to limited or no movement of body parts. Regions such as Europe, record the maximum number of people aged 60 years and above, accounting for 25% of the entire population (2017 Population Prospect Report of U.N.). This in turn, generates considerable demand for pressure relief devices. According to statistics given by National Health Service in 2017, over 700,000 people are affected by pressure ulcer each year in the U.K. In addition to this, government initiatives to reduce prevalence of pressure ulcers are also creating more awareness amongst all stake holders in the healthcare ecosystem. For instance, the U.K. government initiated the ‘Stop Ulcer’ campaign in 2012, which resulted in progressive reduction of pressure ulcers by using preventive methods. Healthcare insurer are averse to provide coverage for hospital acquired conditions such as pressure relief and sepsis. This in turn, is expected to propel growth of the pressure relief devices market.

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Key features of the study:

This report provides in-depth analysis of pressure relief devices market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2018 – 2026), considering 2017 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new launches or approval, market trends, regional outlook, and competitive strategy adopted by the leading players

It profiles leading players in the global pressure relief devices market based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments and strategies, and future plans

Major driver for growth of the pressure relief devices market is rising prevalence of pressure ulcers, especially amongst the geriatric population suffering from terminal illnesses and suffering from limited mobility. According to a review study published in the journal Clinical Nursing Review in 2017, prevalence of pressure ulcer has high variation from 7.8% to 54% across the globe. According to statistics given by National Pressure Ulcer Advisory Panel in 2017, 2.5 million patients develop pressure ulcers each year in the U.S., with an annual prevalence of 2.5% for hospital acquired pressure ulcers. Although, the overall prevalence rate is decreasing annually, the burden caused by pressure ulcers on health care settings is high. Pressure ulcer treatment costs US$ 9-11 billion each year to the overall health cost in the U.S. According to World Population Prospects (WPP) published by United Nations in 2017, 962 million people aged 60 years and above, which accounted for 13 percent of the global population. This number is projected to reach 1.4 billion, growing at annual rate of 3 percent, by 2030, globally.

However, advancements in other treatment options such as negative pressure wound therapy devices, which help in wound healing are expected to inhibit growth of the pressure relief devices market.

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