As per Persistence Market Research’s latest revised industry analysis, the global repositioning and offloading devices market was valued at US $ 8.9 Bn in 2020, and is expected to exhibit a CAGR of close to 6% over the forecast period (2021-2031)
Patient repositioning and offloading is one of the important methods to change a patient’s position to avoid the risk of pressure ulcers. However, pressure ulcers is one of the common challenging public health problems affecting patients with spinal cord injury.
Partnerships, acquisitions, and product launches are common in this space, as market players look to increase their market share and profits.
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In July 2020, Hillrom announced the commercial launch of the PST 500, a precision surgical table and a highly advanced addition to the Yellofins® Stirrups line – Yellofins Apex.
In Dec 2020, Mölnlycke announced the launch of its new UK distribution center to strengthen customer access to quality Mölnlycke products via a new and more robust supply chain solution delivering environmental benefits.
In June 2020, Mölnlycke established a new collaboration with AstraZeneca’s BioVentureHub to offer free consultation with AstraZeneca’s BioVentureHub with regard to developing products and solutions featuring medical device components.
In January 2021, Savaria announced a cash offer to acquire Handicare Group AB, to be a global leader in accessibility.
Hill-Rom Services, Inc.
Mölnlycke Health Care AB
Jewell Nursing Solutions
INNOVATIVE MEDICAL PRODUCTS, INC.
Sage Products LLC
Arjo, Getinge Group
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Key Takeaways from Market Study
Demand for wheelchairs is expected to rise at a CAGR of 3.5% over the forecast period (2021-2031).
Among all end users, the hospitals segment accounts for more than 28% market share.
North America holds a major share in the global repositioning and offloading devices market.
Manufacturers are actively involved in portfolio expansion and collaborations with various companies to gain a larger market share.
“Increasing bariatric surgeries and growing incidence of pressure ulcers among bariatric patients are expected to boost demand for repositioning and offloading devices over the coming years,” says an analyst of Persistence Market Research.
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To gain large revenue shares in the repositioning and offloading devices space, key players continue to rely upon acquisitions, collaborations, and alliances, and are focused on product launches to provide access to safe products. Many small as well as large companies are investing in this niche market.
Key manufacturers are entering into strategic agreements with leading players to expand their product portfolios across countries.
For instance, in July 2019, Etac invested 70% shares in HoverTech International Inc. This investment is expected to strengthen the company’s global position and will create a strong platform for further growth in Europe, the US, and important export markets.
What Does the Report Cover?
Persistence Market Research offers a unique perspective and actionable insights on the global repositioning and offloading devices market its latest study, presenting a historical demand assessment of 2016 – 2020 and projections for 2021 – 2031.
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