Europe Pressure Relief Devices Market Size & Outlook
Europe pressure relief devices market, 2018-2030 (US$M)
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Europe pressure relief devices market highlights
- The Europe pressure relief devices market generated a revenue of USD 1,086.8 million in 2022.
- The market is expected to grow at a CAGR of 7.1% 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, Spain is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 1,086.8 million |
| Market revenue in 2030 | USD 1,878.4 million |
| Growth rate | 7.1% (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, Europe region accounted for 29.6% 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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Europe 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 65.8% in 2022. Horizon Databook has segmented the Europe pressure relief devices market based on low tech devices, high tech devices covering the revenue growth of each sub-segment from 2018 to 2030.
Europe is among the most developed regions in the world. Increasing public & private investments in R&D, growing demand for healthcare devices, and rising prevalence of chronic illness in the region are some of the key factors responsible for the regional growth.
Rising demand for pressure ulcer management, supportive reimbursement policies, growing preference for healthcare delivery at home, and rising geriatric population suffering from chronic illnesses are among factors boosting the market.
Increasing demand for advanced technologies and rising health awareness are some of the key factors expected to boost market growth. Growing healthcare expenditure in this region is expected to boost technological advancements in the healthcare industry, thereby driving 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 continent-level data and insights on the Europe pressure relief devices market, including forecasts for subscribers. This continent databook contains high-level insights into Europe pressure relief devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe pressure relief devices market size, by country, 2018-2030 (US$M)
Europe Pressure Relief Devices Market Share, 2022 & 2030 (US$M)
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