China Pressure Relief Devices Market Size & Outlook
China pressure relief devices market, 2018-2030 (US$M)
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China pressure relief devices market highlights
- The China pressure relief devices market generated a revenue of USD 202.1 million in 2022 and is expected to reach USD 358.9 million by 2030.
- The China market is expected to grow at a CAGR of 7.4% 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 202.1 million |
| Market revenue in 2030 | USD 358.9 million |
| Growth rate | 7.4% (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, China accounted for 5.5% 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 Asia Pacific, China pressure relief devices market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 125.0 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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China 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 66.06% in 2022. Horizon Databook has segmented the China pressure relief devices market based on low tech devices, high tech devices covering the revenue growth of each sub-segment from 2018 to 2030.
China is among the fastest-growing economies for pressure relief devices market owing to high expenditure by public & private entities in research sector, technological advancements, and high number of collaborations between various stakeholders including medical fraternity, universities, and others.
Moreover, the country is known to be the second-largest medical devices market worldwide, and increasing awareness about pressure ulcers is expected to promote market growth during the forecast period.
Government initiatives such as Healthy China 2020 are anticipated to further enhance health awareness among people and boost the demand for advanced technologies such as pressure relief devices, which is expected to support pressure relief devices market growth.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the China pressure relief devices market, including forecasts for subscribers. This country databook contains high-level insights into China pressure relief devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China pressure relief devices market size, by type, 2018-2030 (US$M)
China Pressure Relief Devices Market Share, 2022 & 2030 (US$M)
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