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North America Is Dominating Pressure Relief Devices Industry
In 2021, the Pressure Relief Devices Market was worth around USD 3,361.1 million, and it is projected to advance at a 6.5% CAGR from 2021 to 2030, hitting USD 5,923.9 million in 2030, according to P&S Intelligence.Browse full report at: https://www.psmarketresearch.com/market-analysis/pressure-relief-devices-market
This growth can be ascribed to the factors such as, they are simple to utilize, cost-effective, and extremely effective in averting ulcers, with foam mattresses experiencing the highest demand. By 2030, the quickest development will be in the acceptance of gel-based mattresses, as they are better than other kinds of low-tech devices.
In 2021, low-tech devices held the largest market share, at approximately 65%, and they are projected to continue to dominance in the future as well.
The U.S. in North America, is the largest Pressure Relief Devices Market with a share, of approximately 37%. The nation has a high occurrence of pressure ulcers, supportive medical grants scenario, and numerous government subsidy schemes.
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APAC is the third-highest revenue generator and is projected to experience a CAGR of 7.2%, in the coming years. Key players are joining hands with local sellers in India, China, and South Korea to aim for a vast customer base here and surge their sales.
Hence, pressure relief devices are simple to utilize, cost-effective, and extremely effective in averting ulcers, and also the large population with pressure ulcers, such factors are propelling the Pressure Relief Devices industry.
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P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.
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