COVID-19 Impact Analysis on Global Repositioning and Offloading Devices Market
The exclusive COVID-19 impact analysis report by Axiom MRC provides a 3600 analysis of micro and macro-economic factors on the U.S Repositioning and Offloading Devices market. In addition, complete analysis of changes on the global repositioning and offloading devices market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. During COVID-19 pandemic, global repositioning and offloading devices market was more or less affected due to supply chain distribution, declining demand for Repositioning and Offloading Devices from various End User such as hospitals, Skill Nursing Facilities (Nursing home), long term care centers, ambulatory surgery centers, assisted living facilities, others which has certainly affected the market growth to major extend. However, post COVID-19 the market has witnessed the rising new growth opportunities and is expected to have emerging demand in upcoming years.
Market Overview- Global Repositioning and Offloading Devices Market
Market Drivers
The key factor driving the market growth are growing prevalence & incidence of pressure & diabetic foot ulcers among peoples & rising geriatric & bariatric population that will contribute in the market growth. For instance, pressure injuries in patients are caused by applying continuous pressure on a particular body part such as hips, legs, elbows, foot etc. that leads to development of pressure ulcer in that place. Sitting in one position continuously while doing work is also a factor for pressure ulcer. Diabetic foot ulcers occur mostly in diabetic patients where the lower part of the foot gets affected and is injured. These types of patients require continuous change in position (repositioning) and movement or transfer to release the pressure from affected organ. Also, a sharp rise in geriatric & bariatric population worldwide that require movement and repositioning will contribute in growing the market during the forecast period.
Market Opportunity
The global repositioning and offloading devices market is expected to witness increasing new growth opportunities for market with growing collaborations of repositioning and offloading devices-based product manufacturer and retailers to increase the net total distribution of repositioning and offloading devices globally along with their awareness that has specifically accelerated the demand for the global market across the globe. Furthermore, increasing opportunities with emerging distribution channels like E-commerce, hypermarkets & supermarkets, hospital and retail stores etc. for repositioning and offloading devices products production is expected to be observed as the major growth opportunities for market. Likewise, increasing health consciousness for various End User consumer and expenditure is expected to drive the market.
Market Restraints
The major restraining factor for the global repositioning and offloading devices market is high cost of repositioning and offloading devices with associated product recalls and lack of adequate training and assistance to handle bariatric patients. For instance, powered wheelchairs are costly due to the use of specialized and automated controls. Also sometimes, healthcare professionals lack proper guidance & training for operation of the offloading and repositioning devices. The different advantages of repositioning and offloading devices are mostly observed in various end user industries as they are the sole user for that. Production & design of any medical involves high cost of for research and development activities that needs to be carried out for manufacturing, Quality check and validating before approval from clinical trials. It also requires a proper technique for manufacturing that is difficult to acquire and so technology transfer require a strong cooperative relation between the partners. These factors are expected to restrain the market growth over the forecast period (2021-2028).
Market Growth Challenges
The major growth challenge for the market is limited use, proper supply chain & lack of awareness among peoples for repositioning and offloading devices. Repositioning and offloading devices are known for their limited use. With the increasing demand for various types of repositioning and offloading devices like wheelchairs, pressure assisted mattresses, cushions, total contact cast, slippers etc. peoples are not knowing very much about the use of Repositioning and offloading devices than normal medical devices that is one of the restraining factors for market growth of Repositioning And Offloading Devices.
Cumulative Growth Analysis
The report provides in-depth analysis of global repositioning and offloading devices market, market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. With increasing demand for various repositioning and offloading devices in various End Users has led the increasing demand for market and is expected to witness the growth at a specific CAGR from 2022-2028.
Market Segmental Overview
The global repositioning and offloading devices market comprises of different market segment like By Product Type, distribution channel, end user and geography.
Repositioning And Offloading Devices Market by Product Type
The product type used for manufacturing global repositioning and offloading devices market are wheelchairs, Pressure relief mattresses, patient turning & positioning systems, pressure relief positioning cushions, hoist slings, Heel protectors, total contact cast, replacement sheets, therapeutic footwears/padded slippers, crutch-assisted gait. Wheelchairs are commonly used as a Repositioning and Offloading Device due their high & ease of availability in all hospitals. Wheelchairs dominate the market due to their high demand and rise in use of wheelchair assisted indications like pressure injuries, foot ulcers etc., that require offloading of patients from one area to the other. Repositioning And Offloading Devices. Pressure relief mattresses will account for the highest CAGR in repositioning and offloading devices market due to their high demand, indication specific use and most important is their low cost compared to wheelchairs. Thus, wheelchair and pressure relief mattresses product Type is likely to contribute healthy growth in the market during the estimated time period and will dominate in the forecast period.
Repositioning And Offloading Devices Market by End User
The global repositioning and offloading devices market finds its end user in hospitals, skill nursing facilities (nursing home), long term care centers, ambulatory surgery centers, assisted living facilities and others. Hospitals is likely to gain major market share during the estimated forecast period. The repositioning and offloading devices like wheelchairs, mattresses, cushions etc. are mostly used in hospitals for treatment of pressure ulcer & diabetic foot ulcer patients. Additionally, skill nursing facilities like nursing home also use wheelchairs, total contact cast, crutch assisted gaits, mattresses, cushions etc. and play a significant role in the treatment of pressure ulcers and diabetic foot ulcers.
Repositioning And Offloading Devices Market by Distribution Channel
The global repositioning and offloading devices market is distributed through distribution channels like E-Commerce, Hospital Stores, Retail Stores, Others (Hypermarket/Supermarket/Local Suppliers & manufacturers). Other’s segment (Hypermarket/Supermarket/Local Suppliers & manufacturers) companies is likely to gain major market share during the estimated forecast period. The repositioning and offloading devices are mostly available in hypermarkets/supermarkets, local suppliers and manufacturers as the market have gain significant attention for various products of these devices. Besides, that E-commerce also plays a significant role in the distribution of these devices through various modes like B2B, B2C, C2B etc., by various platform like amazon, flipkart, meesho, e-bay etc. Repositioning And Offloading Devices are also found in hospital and retail but the available quantity is little less as compared to supermarkets and e-commerce.
Competitive Landscape Analysis
The competitive landscape analysis of Repositioning and Offloading Devices market is certainly based range of market players operating in the healthcare market with increasing demand for production of Repositioning and Offloading Devices. Besides, number of market players offered wide range of products for different End User in various geographic locations. The market has major competitive analysis based on new product launches as well as other developments.
The key players studied in market are Mölnlycke Health Care AB, Span America, Invacare Corporation, Permobil AB, Medline, Etac AB, HoverTech International, Jewell Nursing Solutions, EHOB Inc., INNOVATIVE MEDICAL PRODUCTS, INC., Sage Products LLC, Vendlet ApS, Getinge Group, Steris Plc, Stryker Corporation etc.
