Global Pressure Relief Devices Market to Expand at 5.20% CAGR from 2014 to 2020, Propelled by Increasing Geriatric Population: Transparency Market Research

Albany, NY, March 08, 2016 (GLOBE NEWSWIRE) -- A new report has been published by Transparency Market Research on the global pressure relief devices market. According to the report, the global pressure relief devices market is expected to expand at a 5.20% CAGR from 2014 to 2020. The report, titled ‘Pressure Relief Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020’, states that the global pressure relief devices market is expected to progress from US$2 bn in 2013 to US$2.8 bn by 2020.

Pressure ulcers, commonly known as decubitus ulcers or bed sores, are commonly observed in geriatric people. Pressure ulcers can be easily prevented by support surface devices including cushions and mattresses. A pressure ulcer is a localized skin injury. Sustained body pressure is the most common factor leading to the growth of pressure ulcers. The European Pressure Ulcer Advisory Panel (EPUAP) has classified pressure ulcers into stage I (non-blanchable erythema), stage II (abrasion or a blister), stage III (superficial ulcer), and stage IV (deep ulcer). Stage IV ulcers are the most crucial pressure ulcers, as they can create emergency medical conditions.

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Growing awareness of pressure ulcers and their preventive measures, and the growing obese population are two of the major factors driving the global pressure relief devices market. Requirement of skilled medical personnel and technical complexity in using pressure relief devices are two of the factors restricting the growth of the global pressure relief devices market.

The global pressure relief devices market is segmented on the basis of geography and device type. By device type, the global pressure relief devices market is classified into low-tech devices and hi-tech devices. In 2013, the global pressure relief devices market was dominated by the low-tech device segment due to factors such as cost-effectiveness and easy operability. Low-tech devices are used to lower the pressure that is experienced by the patients on the tissues and skin due to body weight. Foam-based low-tech devices are used to reduce the chances of development of pressure ulcers. Low technical complexity and cost-effectiveness are the two factors expected to drive the foam-based low-tech segment in the years to come.

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Based on geography, the global pressure relief devices market is divided into Europe, Asia Pacific, North America, and Rest of the World. In 2013, in terms of revenue, the global pressure relief devices market was dominated by North America. However, Asia Pacific is predicted to register the fastest growth in the coming few years. The increasing geriatric population is expected to generate demand for pressure relief devices in Asia Pacific.

Considering the presence of various opportunities for pressure ulcer devices, players operating in the global pressure relief devices market have started adopting partnership strategies to gain a higher share. In September 2011, Talley Group Ltd. collaborated with Janak Healthcare Pvt. Ltd. Some of the prominent companies in the global pressure relief devices market are ArjoHuntleigh, AB (Innova Extra mattress), Hill-Rom Holdings, Inc. (NP50 Prevention Surface), Stryker Corporation (PositionPRO), Paramount Bed Holdings Co., Ltd. (Accumax mattress), Covidien plc (Wings quilted premium under pads), Invacare Corporation (Invacare Softform Excel Mattress), and Talley Group Limited (QUATTRO PLUS).

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Transparency Market Research (TMR) is a U.S. based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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Source:Transparency Market Research