Asia Pacific Pressure Relief Devices Market Size & Outlook
Asia Pacific pressure relief devices market, 2018-2030 (US$M)
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Asia Pacific pressure relief devices market highlights
- The Asia Pacific pressure relief devices market generated a revenue of USD 608.2 million in 2022.
- The market is expected to grow at a CAGR of 7.2% from 2023 to 2030.
- In terms of segment, low tech devices was the largest revenue generating type in 2022.
- Low Tech Devices is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, South Korea is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 608.2 million |
| Market revenue in 2030 | USD 1,062.5 million |
| Growth rate | 7.2% (CAGR from 2022 to 2030) |
| Largest segment | Low tech devices |
| Fastest growing segment | Low Tech Devices |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Low Tech Devices, High Tech Devices |
| Key market players worldwide | 3M Co, Arjo AB Class B, Essity, Hillrom UK, Invacare, Paramount Bed Holdings Co Ltd, Smith & Nephew PLC, Stryker Corp, Talley Group |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 16.5% of the global pressure relief devices market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,062.5 million by 2030.
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Pressure Relief Devices Market Scope
Pressure Relief Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific pressure relief devices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to pressure relief devices market will help companies and investors design strategic landscapes.
Low tech devices was the largest segment with a revenue share of 66.08% in 2022. Horizon Databook has segmented the Asia Pacific pressure relief devices market based on low tech devices, high tech devices covering the revenue growth of each sub-segment from 2018 to 2030.
The Asia Pacific region’s economy is majorly driven by China and Japan. Growing prevalence of chronic diseases has led to rise in the adoption of pressure relief devices in hospitals. Presence of a large population with low per capita income in Asia Pacific region has led to high demand for affordable treatment options.
Multinational companies are keen to invest in developing countries such as Japan, India, and South Korea. Thus, many market players are entering into strategic alliances with local players. This is anticipated to boost pressure relief devices market growth.
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Target buyers of Asia Pacific pressure relief devices market databook
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Our clientele includes a mix of pressure relief devices market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific pressure relief devices market, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific pressure relief devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific pressure relief devices market size, by country, 2018-2030 (US$M)
Asia Pacific Pressure Relief Devices Market Share, 2022 & 2030 (US$M)
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