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IN THE NEWSFebruary 4, 2022: Beech field Healthcare collaborated with Tallaght University Hospital (TUH) and went live to demonstrate Total Bed Management Solutions.
September 10, 2017: Baxter International, announced that they are innovating technologically advanced medication delivery system called Sigma Spectrum, which is a large volume infusion pump.
The global repositioning and offloading devices market is estimated to grow at a CAGR of ~6% over the forecast period, i.e., 2022– 2031. The growth of the market can be attributed to a burgeoning number of patients with diabetic foot ulcers. A diabetic foot ulcer is a wound or an open sore, commonly located on the bottom of the foot. The repositioning and offloading devices are particularly used for the treatment of diabetic foot ulcers by assuaging the pressure, promoting healing, and mitigating the chances of amputation. The International Diabetes Federation states that approximately 537 million adults aged between 20 to 79 are living with diabetes. As the number of diabetic patients is increasing the number of patients with a diabetic foot ulcer are also increasing. Moreover, according to data released by the University of Michigan Health, diabetic foot ulcer appears in almost 15% of diabetic patients. In fact, the report also states that anyone who has diabetes can develop foot ulcers, which is the reason the global repositioning and offloading devices market is projected to witness significant growth during the forecast period.
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Furthermore, the repositioning devices are also used to move the patients from one place to another. The rising cases of hospitalization worldwide are expected to boost the growth of the global repositioning and offloading devices market during the forecast period. Additionally, with the help of repositioning and offloading devices, pressure injuries can be handled efficiently, which is the reason the global repositioning and offloading devices market is projected to grow during the forecast period.
The market is segmented by end-user into hospitals, ambulatory surgery centers, and skilled nursing facilities, out of which, the hospital segment is anticipated to hold the notable share in the global repositioning and offloading devices market on account of more utility of such devices in the hospitals. In hospitals, there are severely-ill patients who are unable to move to reposition themselves. In such cases, healthcare professionals help them to change their position in order to prevent the development of pressure ulcers. On the back of the increasing hospital flow of the patients, the global repositioning and offloading devices market is estimated to witness unprecedented growth during the forecast period.
According to the statistics by the World Health Organization, the global per capita healthcare expenditure amounted to USD 1,064.741 in the year 2017. The worldwide healthcare expenditure per person grew from USD 864.313 in 2008 to USD 1,110.841 in 2018, where the U.S. is the top country that amounted to healthcare expenditure of USD 10, 623.85 per capita in 2018. As of 2018, the domestic general government healthcare spending in the U.S. was USD 5355.79, which grew from USD 3515.82 in 2008. These are some of the factors responsible for market growth over the past few years. Moreover, as per the projections by the Centers for Medicare & Medicaid Services (CMS), the estimated average annual percent change related to National Health Expenditures (NHE) in the U.S. was 5.2% in 2020 as compared to 2019 (4.5%). Furthermore, the National Health Expenditures are projected to reach USD 6,192.5 Billion in 2028, where the per capita expenditure is estimated to touch USD 17,611 in the same year. These are notable indicators that are anticipated to create lucrative business opportunities in upcoming years.
Regionally, the global repositioning and offloading devices market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in North America region is estimated to witness noteworthy growth over the forecast period on the back of developed healthcare infrastructure in the region. The report published by National Centre for Biotechnology Information apprises that pressure injuries of soft tissues and skin affect approximately 1 to 3 million people in the USA each year, which is the reason government is proactive to prevent such adversities. On the back of rising government initiatives, the global repositioning and offloading devices market is projected to grow over the forecast period.
The global repositioning and offloading devices market in the Asia Pacific region is also expected to thrive over the forecast period owing to the increasing number of diabetic patients. According to data published by World Health Organization, in India alone, 8.7% of the population between the ages of 20 to 70 is diabetic. Furthermore, in China also it is estimated that approximately 1 billion people aged between 20 to 79 are suffering from diabetes.
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The global repositioning and offloading devices market is further classified on the basis of region as follows:
North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of the Middle East and Africa) Market size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
Our in-depth analysis of the global repositioning and offloading devices market includes the following segments:
FREQUENTLY ASKED QUESTIONS
The major factor driving the growth of the global repositioning and offloading devices market is the increasing number of diabetic patients all over the world.
The market is anticipated to attain a CAGR of ~6% over the forecast period, i.e., 2022-2031.
The major players in the market are Beechfield Healthcare Ltd, V Guldmann A/S, Sage Products LLC and Hill-Rom Services, Inc.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by product, end-user, and by region.
The hospital segment is anticipated to hold the largest market size in value and is estimated to grow at a notable CAGR over the forecast period and display significant growth opportunities.
Extravagant cost of the devices is estimated to hamper the market growth.
The market is expected to grow significantly in the North America region on the back of advanced healthcare infrastructure in the region.
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