Global Market Study on Pressure Relief Devices: Long Term Care Centers End User Segment to Dominate the Market Through 2025


Pressure Relief Devices Market
  • Published On : Jun-2017 |
  • Pages : 131 Pages |
  • Format :

Persistence Market Research in its new publication, “Pressure Relief Devices Market: Global Industry Analysis (2013-2016) and Forecast (2017-2025),” has given importance to the provision of after sales services, which is the key focus area of players in the global pressure relief devices market. Mergers and acquisitions, strategic collaborations and technology transfer agreements play a vital role in the global pressure relief devices market. The team of analysts who have extensively studied this market have understood the need to efficiently meet the requirements of various end users in different facility centers, while ensuring customized services. The team of experts have come to a conclusion that quality and positive outcome are of utmost importance to end use industries. Further, it has been noticed that acquisitions and collaborations are the key strategies adopted by global and local players for better service provision and to increase their consumer base in different geographies. For instance, in the last year Haldor Advanced Technologies ltd. and Hill-Rom entered into an exclusive global distribution partnership to distribute Haldor's Orlocate suite of products.

Report structure that incorporates in-depth analysis, key recommendations and overall market viewpoint

The key part of this report is Persistence Market Research’s analysis and recommendations on the global pressure relief devices market. The report takes an overview of the global pressure relief devices market and also underlines factors influencing the growth of the global pressure relief devices market. The analysts have also provided key strategic recommendations for both existing and new players in the market to emerge sustainably profitable. The report covers the competitive landscape that provides a dashboard view of companies that manufacture and provide services in the global pressure relief devices market. The report contains company profiles of some of the key players and a strategic overview of mergers and acquisitions along with companies’ expansion plans across regions. Apart from including these factors, the team of expert analysts have also taken into consideration the various macro-economic indicators such as pressure relief devices market outlook, gross domestic product and other pointers to arrive at the indicated market numbers. Top-down approach has been used to counter-validate the reached numbers in the Pressure Relief Devices Market, while bottom-up approach has been used to assess market numbers in the Pressure Relief Devices Market. Weighted average selling price (ASP) has been considered to deduce market values while examining the global pressure relief devices market in detail. 

Market Segmentation 

By Region

  • North America
  • Latin America
  • Europe
  • APAC
  • MEA

By Product Type

  • Mattress Overlays
  • Pressure Relief Mattress
  • Specialty Beds 

By End User

  • Hospitals
  • Long Term Care Centers
  • Home Care Settings 

Systematic research process to arrive at accurate market forecasts 

The analysts at Persistence Market Research have performed systematic and exhaustive secondary research to acquire the required data points to arrive at the overall market numbers. The dedicated team of healthcare analysts at Persistence Market Research have listed market players across the value chain of technology developers, manufacturers, and distributors. Detailed questionnaires have been developed for each node in the value chain to extract the required market information through primary research interviews. These interviews are conducted using distinguished essential resources. The data so acquired pertaining to the global pressure relief devices market is validated using the triangulation method, wherein secondary and primary research and Persistence Market Research analysis contribute to the final data. For a better understanding of the market, the data is represented using charts, infographics, and presentation of key findings by region to provide actionable insights to all key stakeholders in the global pressure relief devices market.

Long term care centers segment by end user is projected to show sustained growth throughout the forecast period

Long term care centers segment is the largest segment by end user in the global pressure relief devices market, which is estimated to represent more than US$ 1050 Mn, or about 45% share of the total market in 2017, expanding at CAGR of 6.0% over the forecast period 2017–2025. The segment is expected to create absolute $ opportunity of US$ 56.2 Mn in 2018 over 2017. By the end of 2025, the long term care centers segment is projected to reach a market valuation in excess of US$ 1700 Mn. The long term care centers segment dominated the global pressure relief devices market in terms of revenue in 2016 and the trend is projected to grow throughout the period of forecast. It is also the most attractive segment, with a market attractiveness index of 1.6 over the predicted period.

pressure relief devices market

Rising trend of medical tourism in India and China to spur the growth of long term care centers

The active healthcare landscape in the Asia Pacific region is anticipated to boost the growth of the medical devices industry and the pressure relief devices market. The progressive governments in India have firmly controlled general healthcare spending; for example, the national government decreased its 2014-2015 social insurance spending plan and expanded states' commitments for midway supported plans, including healthcare plans. One more initiative taken by the government that is boosting the growth of the overall market is Foreign Direct Investment. Government initiatives for Foreign Direct Investment through third party investors in the healthcare industry for infrastructure development and growth of the industry are also expected to propel market demand. Finally, the rising trend of medical tourism in countries such as India and China owing to their developing medical infrastructure and supportive government initiatives is also anticipated to spur the growth of long term care centers.

Increasing cases of bedridden patients across the globe is driving the long term care centers segment of the global pressure relief devices market

The number of patients with hospital acquired pressure ulcer is on the rise due to prolonged stay of patients in long term care centers. The longer stay of a bedridden patient due to several medical conditions like multiple bone fracture, cancer and other severe diseases eventually leads to a pressure ulcer. This has led to an increase in the demand for pressure ulcer devices by end users and medical practitioners due to which the long term care centers segment is anticipated to grow over the forecast period.

The prevalence of obesity and other medical conditions restricting patient mobility, especially in Latin America is another factor that is expected to increase the incidences of pressure ulcer patients which will, in turn, boost the demand for pressure relief devices. Several causative factors such as cancer, joint replacement and old age leading to long term stay in care centers is propelling the growth of the long term care centers segment of the global pressure relief devices market.

Growing demand for long term care centers given the post-operative benefits offered in such centers is likely to fuel revenue growth of the long term care centers segment during the forecast period. The use of pressure relief devices reduces further health related complications; in turn reducing the total healthcare expenditure significantly. In the case of multiple operative conditions like cancer operative, multiple bone fractures etc., long term treatment is mandatory and may also induce other health related complications such as bed sores, thus increasing the expenditure on healthcare. The post-operative benefits offered by pressure relief devices propel market demand and drive revenue growth of the long term care center segment.

 

Competition Landscape

  • Arjohuntleigh AB 
  • Hill-Rom Global Holdings B.V.
  • INVACARE CORP 
  • PARAMOUNT BED CO., LTD. 
  • Talley Group Limited 
  • STRYKER CORPORATION
  • SIDHIL LIMITED
  • MEDTRONIC PUBLIC LIMITED COMPANY
  • SMITH & NEPHEW PLC
  • Apex Medical Corp
  • Proma Reha, s. r. o.
  • Besco Medical Co., Ltd.
  • Hirtz & Co. KG
  • GF Health Products, Inc.
  • ADL GmbH.
  • Linet spol. s r.o.
  • Others.
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