Pressure Relief Devices Market

Global Market Study on Pressure Relief Devices: Rising Prevalence of Obesity-associated Pressure Ulcers to Fuel Sales

  • April-2019
  • PMRREP2826
  • 168 Pages
  • Healthcare
  • PPT, PDF, WORD, EXCEL

Introduction

Increasing incidence of ulcers have led to the adoption of pressure relief devices for the prevention of ulcers. Pressure relief devices are used for the welfare of patients dealing with various lifestyle-related conditions such as diabetes, cardiovascular diseases and obesity.

A study conducted by Hill-Rom clearly concluded that the number of patients with pressure ulcers that are hospital-acquired is on a rise due to the longer stay of patients in the hospitals than expected.

The extended stay of bed-ridden patients due to several medical conditions such as cancer, multiple bone fractures and other severe diseases results in pressure ulcers, which further increases the adoption of pressure relief devices. This has tremendously accelerated the demand for pressure ulcer devices globally from medical practitioners and end users.

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Companies

Company Profiles

  • Stryker Corp. 
  • Smith & Nephew
  • Hill-Rom Services Inc.
  • Invacare Corporation
  • Medtronic PLC
  • Paramount Bed Holdings Co., Ltd.
  • ArjoHuntleigh
  • Talley Group Limited
  • Drive DeVilbiss Healthcare Ltd (Sidhil Limited)
  • Apex Medical Corp.
  • PROMA REHA, s. r. o.
  • Linet spol. s r.o.

Rise in Geriatric Population and Obesity

Rise in geriatric population and the prevalence of obesity related diseases are leading to an increase in the demand for pressure ulcer devices. For Instance, as per studies conducted in North America, the U.S. population aged 65 years and above is anticipated to more than double from 46 million to 98 million by 2060.

According to the ‘Population Reference Bureau’ in 2009-2012, the U.S. obesity rate among older adults increased rapidly, accounting for approximately 40% of people aged between 65 and 75 years. This rise in the elderly population worldwide is expected to contribute to the rise in the demand for pressure relief devices due to several restricted movement cases.

The obese population facing bed-ridden situations is highly dependent on pressure relief devices to prevent other fatal conditions.

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Increased Demand for Healthcare Infrastructure

The healthcare infrastructure around the world has been consistently evolving and improving. With rapid expansion of healthcare infrastructure, the demand for advanced medical devices, such as pressure relief devices has also been increasing to cater to the demand from pressure ulcer patients.

Increasing third party investments and public-private partnerships (PPP) in medical infrastructure are also boosting the growth of the medical industry and subsequently driving the pressure relief devices market.

The increasing demand for preventive measures and healthcare infrastructure propels the demand for pressure relief devices. As per the World Health Organization (WHO), in 2013, private social insurance represented 51.8% of total healthcare spending in Brazil. Hospitals and clinics are building up systems to pick up scale efficiencies.

Suppliers are seeking authorizing concurrences with doctor's facilities that focus on perfection for second suppositions in high cost surgical methodology. The emphasis on populace wellbeing administration is expanding at a sustainable rate. Improved healthcare spending and growing healthcare infrastructure are expected to fuel the market growth for pressure relief devices over the forecast period.

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Strategic Collaborations for Sales to Push Market Growth of Pressure Relief Devices

Global players in the pressure relief devices market are focusing on collaboration and partnership activities with players from around the globe to provide sales and after sales services effectively across regions. For instance, in 2016, Hill-Rom and Haldor Advanced Technologies ltd. entered into an exclusive global distribution partnership to sell Haldor's Orlocate pressure relief device product range.

Such strategic activities boost the brand image of pressure relief devices, which is expected to propel market growth for pressure relief devices during the forecast period.

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Reimbursement Scenario and High Cost Sale

Pressure relief devices have no reimbursement for Stage III and IV pressure ulcers in North America. Reimbursement is one of the crucial factors expected to hinder the market growth for pressure relief devices and thus, has been taken into consideration for reasoning out the high costs of pressure relief devices.

The Centers for Medicare and Medicaid Services (CMS) published in 2012 that it would not provide reimbursement for hospital-acquired stage III and IV pressure ulcers.

Moreover, private insurers are adopting these reimbursement restrictions for pressure ulcer treatment. The low cost of rental pressure relief devices in regions such as Latin America might hamper the sales of pressure relief devices as the cost of pressure relief devices is comparatively higher than that of rental pressure relief devices, which is likely to hamper the growth the pressure relief devices market over the forecast period.

The stringent rules and regulations by the U.S. Food and Drug Administration (FDA) and the European Commission for new product launches in the pressure relief devices market are also expected to obstruct the market growth for pressure relief devices.

global pressure relief devices market

Competitive Landscape

The competition section of the pressure relief devices market report features the profiles of key players operating in the pressure relief devices market based on their differential strategies, pressure relief devices market shares, pressure relief devices product offerings, company dashboard, and marketing approach.

Examples of some of the key players operating in the pressure relief devices market are Stryker Corp., Smith & Nephew, Invacare Corporation, Hill-Rom Services Inc., Paramount Bed Holdings Co., Ltd., Medtronic PLC, Talley Group Limited, ArjoHuntleigh, Apex Medical Corp., Drive DeVilbiss Healthcare Ltd (Sidhil Limited), Linet spol.s.r.o., and PROMA REHA, s. r. o.

Definition

Pressure ulcers can be identified as the damage caused locally to the skin that lies under the tissue by the bony part due to constant pressure or pressure along with sheer friction exerted by the bony part.

Pressure relief devices are those that provide a conforming support surface and distribute body weight over a large area. Pressure relief devices are indicated in pressure ulcer cases for patients of all the age groups.

About the Report

PMR conducted a research study on the pressure relief devices market for the forecast period 2018 to 2026. The pressure relief devices market report offers a comprehensive evaluation of the business opportunities prevailing in the market, along with insights on the pressure relief devices market value analysis base by region, market trends, pricing analysis based on product type and market competition.

The pressure relief devices market report elaborates on the macro-economic factors influencing the dynamics of the market, and its futuristic potential.

Pressure Relief Devices Market: Segmentation

The report on the pressure relief devices market offers a comprehensive taxonomy of the pressure relief devices market based on product type, end use, and region. The pressure relief devices market, by product type, has been segmented into mattress overlays, pressure relief mattresses, and specialty beds.

The pressure relief mattresses segment has been further segmented into foam-based mattresses, gel-based mattresses, fibre-filled mattresses, water/fluid-filled mattresses, and air-filled mattresses.

The specialty beds segment has been further segmented into kinetic beds and air-fluidized beds. By end use, the pressure relief devices market has been segmented into hospitals, long term care centres, rehabilitation centres, and home care settings.

Additional Questions Answered

Some of the additional questions addressed in this report on the pressure relief devices market are:

  • What is the revenue potential of the pressure relief devices market across North America and Europe?
  • Who are the key competitors and what are their portfolios in the pressure relief devices market?
  • What are the major challenges influencing the growth of the pressure relief devices market?
  • How is the intervention of regulatory authorities shaping the growth of the pressure relief devices market? 

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