The growing prevalence of pressure ulcers will boost the pressure relief devices market, which is expected to increase from $2.9 billion in 2012 to $4.1 billion by 2019, at a Compound Annual Growth Rate (OTCPK:CAGR) of 4.7%, says Pressure Relief Devices Market to 2019.
According to Pressure Relief Devices Market to 2019, the increase in pressure ulcers will drive the demand for pressure-relieving devices, such as therapeutic support surfaces, mattresses and overlays. Previous research shows that more than 2.5 million Americans are expected to develop this condition every year.
The rising prevalence of obesity will also drive the pressure relief devices market growth. Obese patients are at increased risk of developing pressure ulcers, as they are required to stay in hospital for longer periods, and have slower wound-healing times.
Pressure Relief Devices Market to 2019: "As pressure ulcers cause pain and increase the risk of skin infection, caregivers should focus on protecting patients from high-risk pressure sores using appropriate prevention strategies. These include pressure-relieving support surfaces, such as bariatric beds with multiple functionalities."
However, the high costs and lack of reimbursement surrounding treatment for pressure ulcers could prove major restraints for future market growth.
Pressure Relief Devices Market to 2019: "Treatment is expensive due to long hospitalization periods, slow healing times, recurring wounds and an increased chance of infection. On top of that, the US Medicare does not provide reimbursement for the treatment of hospital-acquired pressure ulcers."
Leading global manufacturers are therefore focusing on emerging markets, such as India and China, in order to expand their customer base and sales.
Pressure Relief Devices Market to 2019 - Increasing Focus on Pressure Ulcer Prevention and Quality of Care to Drive Growth
Pressure Relief Devices Market to 2019 looks at the market, competitive landscape, and trends for the four pressure relief devices market segments: mattress overlays, specialty beds (rentals), specialty beds (sales), and mattresses. It provides comprehensive information on the key trends affecting these segments, and key analytical content on the market dynamics.