Canada Pressure Relief Devices Market Size & Outlook
Canada pressure relief devices market, 2018-2030 (US$M)
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Canada pressure relief devices market highlights
- The Canada pressure relief devices market generated a revenue of USD 178.3 million in 2022 and is expected to reach USD 263.9 million by 2030.
- The Canada market is expected to grow at a CAGR of 5% 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.
Pressure relief devices market data book summary
| Market revenue in 2022 | USD 178.3 million |
| Market revenue in 2030 | USD 263.9 million |
| Growth rate | 5% (CAGR from 2022 to 2030) |
| Largest segment | Low tech devices |
| Fastest growing segment | Low Tech Devices |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Canada accounted for 4.8% of the global pressure relief devices market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. pressure relief devices market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 2,130.8 million by 2030.
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Pressure Relief Devices Market Scope
Pressure Relief Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 66.07% in 2022. Horizon Databook has segmented the Canada pressure relief devices market based on low tech devices, high tech devices covering the revenue growth of each sub-segment from 2018 to 2030.
Canada is one of the most developed and advanced economies in the world. It has a strong focus on medical and healthcare infrastructure. Similarly, increasing adoption of pressure relief devices and technological advancements in pressure relief devices & hospital care services are expected to foster market growth during the forecast period.
The Canadian Association of Wound Care has developed a pressure ulcer prevention program. According to their studies, across all Canadian healthcare settings, around 26% of people admitted to hospitals acquired pressure ulcers during the hospital stay.
The Registered Nurses’ Association of Ontario issued guidelines for preventing and managing pressure ulcers.The Canadian healthcare system provides coverage to all citizens as it is publicly funded. Almost all provinces and territories in Canada provide coverage for various healthcare services.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada pressure relief devices market, including forecasts for subscribers. This country databook contains high-level insights into Canada pressure relief devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada pressure relief devices market size, by type, 2018-2030 (US$M)
Canada Pressure Relief Devices Market Share, 2022 & 2030 (US$M)
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