Growing geriatric population, and increasing prevalence of obesity has significantly contributed towards growth of the global pressure relief devices market. In addition, increasing expenditure on healthcare services in APAC is boosting demand for medical devices such as pressure relief devices. Due to such factors, the global pressure relief devices market will witness a significant growth in the upcoming years. The global pressure relief devices market is expected to witness a growth of 5.3% CAGR over the forecast period, 2017-2025.
Medical conditions including multiple bone fracture lead to relatively long stay of bed ridden patient. Due to such medical conditions, the bed ridden patient is prone to pressure ulcer. Such medical conditions have revved up demand for pressure ulcers among various end users including medical practitioners. Moreover, such medical conditions contribute towards growth of the long term care centers globally. Increase in obese population along with other causative factors including old age, joint replacement, and cancer lead to long-term stay in the care centers. Such factors will propel growth of the long term care centers in the global pressure relief devices market. Additionally, the long term care center will witness a significant demand in order to check the patient post-operation.
Long term care centers among other end users will represent the largest segment in the global pressure relief devices market. The segment will account for 45% of the global market in 2017. Moreover, the long term care centers segment will witness a growth of 6.0% CAGR throughout 2025. This segment will account for over US$ 1050 Mn, and will represent an absolute $ opportunity of US$ 56.2 Mn in 2018 over 2017. The long term care centers segment is likely to represent a market value of over US$ 1700 Mn by 2025-end. Furthermore, long term care centers segment represents market attractiveness index of 1.6 during the predicted years.
North America among other regions will represent a major market for pressure relief devices through 2025. In terms of sales, the pressure relief devices will account for around US$ 800 Mn in 2017, and is likely to reach a value of over US$ 1,000 Mn. APAC among other regions will represent the fastest growing market by the end of 2025. In terms of sales, the pressure relief devices in APAC will witness a growth of 6% CAGR by 2025-end. On the other hand, MEA will represent sluggish growth in the pressure relief devices market during the predicted years.
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