North America Pressure Relief Devices Market Size & Outlook
North America pressure relief devices market, 2018-2030 (US$M)
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North America pressure relief devices market highlights
- The North America pressure relief devices market generated a revenue of USD 1,396.0 million in 2022.
- The market is expected to grow at a CAGR of 7% 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, U.S. is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 1,396.0 million |
| Market revenue in 2030 | USD 2,394.7 million |
| Growth rate | 7% (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, North America region accounted for 38.0% 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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North America 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 66.04% in 2022. Horizon Databook has segmented the North America pressure relief devices market based on low tech devices, high tech devices covering the revenue growth of each sub-segment from 2018 to 2030.
North America includes the U.S. and Canada markets. The availability of well-developed primary, secondary, and tertiary care hospitals is supporting the growth of the North American pressure relief devices market.
Moreover, the presence of a well-developed reimbursement network and government funding are among the major factors anticipated to fuel market growth. The population in North America is growing as well as rapidly aging.
Various initiatives are undertaken by the U.S. government, such as Accountable Care Organizations, are expected to provide incentives to healthcare providers across all medical specialties & settings and can significantly alter the scenario of rising healthcare costs.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America pressure relief devices market, including forecasts for subscribers. This continent databook contains high-level insights into North America pressure relief devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America pressure relief devices market size, by country, 2018-2030 (US$M)
North America Pressure Relief Devices Market Share, 2022 & 2030 (US$M)
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