Germany Pressure Relief Devices Market Size & Outlook
Germany pressure relief devices market, 2018-2030 (US$M)
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Germany pressure relief devices market highlights
- The Germany pressure relief devices market generated a revenue of USD 344.2 million in 2022 and is expected to reach USD 602.8 million by 2030.
- The Germany market is expected to grow at a CAGR of 7.3% 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 344.2 million |
| Market revenue in 2030 | USD 602.8 million |
| Growth rate | 7.3% (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, Germany accounted for 9.4% 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 Europe, Germany pressure relief devices market is projected to lead the regional market in terms of revenue in 2030.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 195.9 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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Germany 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 65.92% in 2022. Horizon Databook has segmented the Germany pressure relief devices market based on low tech devices, high tech devices covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing government investments owing to rising public finances, robust institutional framework, and increasing competitiveness among various global & domestic players of pressure relief devices are some of the factors responsible for driving the pressure relief devices market growth over the forecast period.
Various initiatives such as the excellence initiative started by the German state government and federal government to enhance the region’s R&D activities and improve the quality of research institutes & other bodies who work for developing new and advanced products in healthcare.
Moreover, growing prevalence of diseases such as chronic diseases, technological advancements in medical research equipment, and growing demand for pressure relief devices in hospitals are some of the key factors driving the pressure relief devices market in the coming years.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany pressure relief devices market, including forecasts for subscribers. This country databook contains high-level insights into Germany pressure relief devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany pressure relief devices market size, by type, 2018-2030 (US$M)
Germany Pressure Relief Devices Market Share, 2022 & 2030 (US$M)
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