India Pressure Relief Devices Market Size & Outlook
India pressure relief devices market, 2018-2030 (US$M)
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India pressure relief devices market highlights
- The India pressure relief devices market generated a revenue of USD 97.3 million in 2022 and is expected to reach USD 174.6 million by 2030.
- The India market is expected to grow at a CAGR of 7.6% 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 97.3 million |
| Market revenue in 2030 | USD 174.6 million |
| Growth rate | 7.6% (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, India accounted for 2.6% 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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India 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 India pressure relief devices market based on low tech devices, high tech devices covering the revenue growth of each sub-segment from 2018 to 2030.
Low production cost, increasing geriatric population, and favorable regulatory policies provide a competitive edge to the country. Various factors such as increasing healthcare spending and growing prevalence of chronic diseases are expected to drive the pressure relief devices market growth.
India has a high burden of chronic diseases such as cardiovascular diseases, diabetes, mental health disorders, cancer, and injuries, which are leading causes of death and disability in India. Moreover, advancements in healthcare facilities in India have led to an increase in the number of patients.
Hence, high chronic disease burden and increasing geriatric population are expected to drive the growth of pressure relief devices market over the forecast period.
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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 India pressure relief devices market, including forecasts for subscribers. This country databook contains high-level insights into India pressure relief devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India pressure relief devices market size, by type, 2018-2030 (US$M)
India Pressure Relief Devices Market Share, 2022 & 2030 (US$M)
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