Dublin, Feb. 26, 2021 (GLOBE NEWSWIRE) -- 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/40tj3j

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