Global Pressure Relief Devices Industry (2020 to 2027) – Key Market Trends and Drivers – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–Feb 24, 2021–
The "Pressure Relief Devices – Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com’s offering.
The publisher brings years of research experience to the 9th edition of this report. The 182-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Global Pressure Relief Devices Market to Reach $3.8 Billion by 2027
Amid the COVID-19 crisis, the global market for Pressure Relief Devices estimated at US$2.9 Billion in the year 2020, is projected to reach a revised size of US$3.8 Billion by 2027, growing at a CAGR of 3.6% over the period 2020-2027.
Low-Tech Devices, one of the segments analyzed in the report, is projected to record 3.8% CAGR and reach US$2.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the High-Tech Devices segment is readjusted to a revised 2.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $795.9 Million, While China is Forecast to Grow at 6.5% CAGR
The Pressure Relief Devices market in the U.S. is estimated at US$795.9 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$791.4 Million by the year 2027 trailing a CAGR of 6.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1% and 2.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.8% CAGR.
Competitors identified in this market include, among others:

  • Arjo AB
  • Hill-Rom Holdings, Inc.
  • Invacare Corporation
  • Medtronic, Inc.
  • Paramount Bed Co., Ltd.
  • Stryker Corporation

Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW

  • Global Competitor Market Shares
  • Pressure Relief Devices Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
  • Impact of COVID-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION

  • Total Companies Profiled: 44

For more information about this report visit https://www.researchandmarkets.com/r/je2yr0
View source version on businesswire.com:https://www.businesswire.com/news/home/20210224005751/en/
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KEYWORD:
INDUSTRY KEYWORD: MEDICAL DEVICES HEALTH
SOURCE: Research and Markets
Copyright Business Wire 2021.
PUB: 02/24/2021 11:11 AM/DISC: 02/24/2021 11:11 AM
http://www.businesswire.com/news/home/20210224005751/en