Repositioning and Offloading Devices Market Trends

Growth Drivers

• Growing Prevalence of Obese in the World – Obese people suffer from extreme pressure points owing to their overweight. They require proper treatment for the mitigation of pressure. Thus, the increased prevalence of obesity across the globe is attributed to the growing demand for repositioning and offloading devices in the upcoming years. The data shared by the Centers for Disease Control and Prevention (CDC) stated that the prevalence of obesity in the United States from 2017 to 2020 was 41.9%.

• High Burden of Ulcers in the Global Economy – Ulcers if not treated properly can lead to internal bleeding, allergies, and other infections. Also, the ulcers create pressure points in the body parts which induces pain, suffering, and discomfort. The use of repositioning and offloading devices helps patients with ulcers to provide comfort and ease the treatment process. Thus, the increasing level of the population with ulcers is projected to create a positive outlook for market expansion. Recently published statistics from 2022 revealed that peptic ulcer disease affects around 4 million people across the globe every year. Also, the estimated lifetime prevalence is projected to be 5-10% in the general population of the world.

• Increased Prevalence of Chronic Diseases – Owing to sedentary lifestyles, people today are now frequently being diagnosed with chronic diseases including hypertension, cancer, heart diseases, and others. As people with chronic diseases find it difficult to mobility, they need repositioning and offloading devices for proper movement. Also, the demand for repositioning and offloading devices occurs when chronic people undergo surgery and operations for treatment procedures. Therefore, with a high prevalence of chronic diseases in the world, the demand for repositioning and offloading devices is also expected to increase considerably in the near future. The data published in 2022 stated that in the United States, approximately 133 million suffer from at least one chronic disease including hypertension, heart disease, and arthritis. Furthermore, this figure is estimated to grow rapidly and reach around 170 million by 2030.

• Rising Focus on Adopting Advanced Medical Products – With the rapid increase of income levels, the per capita income along with healthcare expenditure also rose. This has prompted in rising focus on adopting advanced medical products for treatment processes including repositioning and offloading devices. Therefore, with an increase in healthcare expenditure, the production level of repositioning and offloading devices rose for treatment procedures. The World Health Organization (WHO) stated that the global healthcare expenditure in 2020 was expected to be accounted for around 11% of the global GDP which is equivalent to USD 9 trillion.

• The Surge in Back and Spinal Injury – The World Health Organization (WHO) stated that approximately 250,000 to 500,000 patients have a spinal cord injury every year around the globe.

• Burgeoning Geriatric Population – The Department of Economic and Social Affairs, United Nations exclaimed that in 2019, there were 703 million populations with age 65 years and above worldwide. Gradually, this figure is estimated to escalate and reach 1.5 billion by 2050.

Challenges

• High Costs of Repositioning and Offloading Devices – Repositioning and offloading devices are integrated with advanced features and technologically developed systems. Thus, the price of end-products has subsequently risen. This factor is anticipated to lower the adoption rate of repositioning and offloading devices among lower and middle-income people. Ultimately, this hampers the expansion of the market growth during the analysis period.
• Low Level of Awareness Regarding the Advantages
• Increased Costs in the Healthcare Sector