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Offloading Devices Market - A Global and Regional Analysis: Focus on Region, Country-Level Analysis, and Competitive Landscape - Analysis and Forecast, 2023-2030

May 2024 | | ID: OEDF2CD61EE5EN
BIS Research Inc.

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Global Offloading Devices Market Industry Overview

The global offloading devices market, valued at $1,165.5 million in 2022, is on a robust growth trajectory and is anticipated to reach $1,546.6 million by 2030. This market is expected to expand at a compound annual growth rate (CAGR) of 3.60% between 2023 and 2030. Offloading devices, which are crucial for reducing pressure on specific body parts to prevent and manage skin ulcers, deep vein thrombosis, and other related conditions, are seeing increased demand due to the rising prevalence of diabetes and other chronic ailments. This sector benefits significantly from technological advancements that enhance device effectiveness and patient comfort, thereby driving adoption across varied healthcare settings globally. Additionally, the aging global population and heightened focus on preventive healthcare continue to fuel market expansion, making offloading devices an essential component in modern medical care.

Market Introduction

The offloading devices market has been experiencing significant growth driven by the increasing prevalence of chronic conditions that necessitate pressure relief solutions, such as diabetic foot ulcers and venous leg ulcers. These devices, designed to redistribute weight and relieve pressure from specific parts of the body, are essential in preventing and managing various medical complications associated with immobility and poor circulation. As healthcare systems worldwide continue to focus on reducing hospital stay durations and enhancing patient recovery, the demand for offloading devices is expected to be bolstered. Innovations in device technology, growing awareness of the benefits of proactive healthcare, and an aging global population further contribute to the market’s expansion, making offloading devices increasingly vital in therapeutic and preventive healthcare settings.

Regional Segmentation:
  • North America
  • U.S.
  • Canada
  • Europe
  • U.K.
  • Germany
  • France
  • Italy
  • Spain
  • Netherlands
  • Switzerland
  • Russian Federation
  • Turkey
  • Poland
  • Belgium
  • Sweden
  • Ireland
  • Norway
  • Austria
  • Denmark
  • Finland
  • Portugal
  • Czech Republic
  • Romania
  • Greece
  • Slovakia
  • Ukraine
  • Asia-Pacific
  • Japan
  • China
  • India
  • South Korea
  • Australia
  • Malaysia
  • Thailand
  • Latin America
  • Brazil
  • Mexico
  • Colombia
  • Argentina
  • Chile
  • Rest-of-the-World
The regional landscape of the offloading devices market showcases varied growth trajectories across different areas, each influenced by local healthcare infrastructure, demographic trends, and economic conditions. North America, holding a substantial market share, is projected to grow at a CAGR of 2.46% from 2022 to 2030, driven by advanced healthcare systems and high prevalence of diabetes and obesity-related complications. In contrast, the Asia-Pacific region is expected to witness the growth at a CAGR of 3.92%, fueled by increasing healthcare expenditure and rising awareness of chronic disease management in populous countries such as China and India. Europe is also expected to show strong growth potential with a CAGR of 3.84%, supported by well-established healthcare policies and an aging population. Latin America and the Rest-of-the-World regions, though smaller in market size, are expected to exhibit the highest growth rates at 4.88% and 5.06%, respectively, indicating increasing adoption of healthcare technologies and growing medical needs in these developing areas. Collectively, these diverse regional dynamics underline a global market that is expanding steadily, reflecting broader trends toward preventive healthcare and technological advancements in medical devices.

Recent Developments in the Offloading Devices Market
  • In December 2023, Chennai Hospital unveiled an innovative solution for foot ulcer treatment. The 'MV Surgi Boot' is a locally developed offloading device aimed at offering affordable footwear to enhance the healing process of diabetic foot infections. This low-cost solution was introduced on Tuesday as part of the hospital's efforts to address the needs of patients more economically.
How can this report add value to an organization?

Product/Innovation Strategy: A regional analysis can help tailor product development by understanding specific local needs and preferences, enabling more targeted and innovative solutions.

Growth/Marketing Strategy: Insights from regional analysis guide effective market segmentation and positioning, enhancing the effectiveness of marketing campaigns and expansion plans.

Competitive Strategy: Understanding regional competitive landscapes aids in identifying local competitors and potential partnership opportunities, sharpening overall competitive tactics.

Methodology

Key Considerations and Assumptions in Market Engineering and Validation
  • The base year considered for the calculation of the market size is 2022. A historical year analysis has been done for the period FY2019-FY2021. The market size has been estimated for FY2022 and projected for the period FY2023-FY2030.
  • The scope of this report has been carefully derived based on interactions with experts in different companies worldwide. This report provides a market study of upstream and downstream products of offloading devices.
  • The market contribution of offloading devices anticipated to be launched in the future has been calculated based on the historical analysis of the solutions.
  • Revenues of the companies have been referenced from their annual reports for FY2022 and FY2023. For private companies, revenues have been estimated based on factors such as inputs obtained from primary research, funding history, market collaborations, and operational history.
  • The market has been mapped based on the available offloading devices. This report has considered and profiled all the key companies with significant offerings in this field.
Primary Research:

The primary sources involve industry experts in offloading devices, including the market players offering products and services. Resources such as CEOs, vice presidents, marketing directors, and salespersons have been interviewed to obtain and verify both qualitative and quantitative aspects of this research study.

The key data points taken from the primary sources include:
  • Validation and triangulation of all the numbers and graphs
  • Validation of the report’s segmentation and key qualitative findings
  • Understanding the competitive landscape and business model
  • Current and proposed production values of a product by market players
  • Percentage split of individual markets for regional analysis
Secondary Research

Open Sources
  • Certified publications, articles from recognized authors, white papers, directories, and major databases, among others
  • Annual reports, SEC filings, and investor presentations of the leading market players
  • Company websites and detailed study of their product portfolio
  • Gold standard magazines, journals, white papers, press releases, and news articles
  • Paid databases
The key data points taken from the secondary sources include:
  • Segmentations and percentage shares
  • Data for market value
  • Key industry trends of the top players of the market
  • Qualitative insights into various aspects of the market, key trends, and emerging areas of innovation
  • Quantitative data for mathematical and statistical calculations
Key Market Players and Competition Synopsis

The global offloading devices market has been characterized by its competitive dynamics and innovation-driven growth, primarily fueled by the need to address complex medical conditions such as diabetic foot ulcers and deep vein thrombosis. Getinge AB contributes with its AtmosAir Velaris and Auralis series, which are aimed at enhancing patient comfort and preventing pressure injuries in various clinical settings. Bio Compression Systems, Inc. specializes in vascular treatment with products such as the Multi-Flo DVT Combo IC-1545-DL and VascuEase Portable DVT System, focusing on preventing deep vein thrombosis and improving blood circulation. These companies, among others in the sector, continuously innovate and expand their product lines to meet the diverse needs of healthcare providers and patients globally.

Some prominent names established in this market are:
  • Getinge AB
  • Bio Compression Systems, Inc.
  • Essity
  • Mцlnlycke
  • Cardinal Health
  • FastForm Medical
Executive Summary

1 MARKETS

1.1 Product Definition
1.2 Inclusion and Exclusion Criteria
  1.2.1 Inclusion
  1.2.2 Exclusion Criteria
1.3 Key Questions Answered
1.4 Analysis and Forecast Note
1.5 Key Findings

2 REGIONS

2.1 Regional Summary
2.2 North America
  2.2.1 U.S.
  2.2.2 Canada
2.3 Europe
  2.3.1 Germany
  2.3.2 Austria
  2.3.3 Czech Republic
  2.3.4 Greece
  2.3.5 Poland
  2.3.6 Romania
  2.3.7 Russian Federation
  2.3.8 Slovakia
  2.3.9 Turkey
  2.3.10 Ukraine
  2.3.11 Belgium
  2.3.12 Denmark
  2.3.13 Finland
  2.3.14 France
  2.3.15 Ireland
  2.3.16 Italy
  2.3.17 Netherlands
  2.3.18 Norway
  2.3.19 Portugal
  2.3.20 Spain
  2.3.21 Sweden
  2.3.22 Switzerland
  2.3.23 U.K.
2.4 Asia-Pacific
  2.4.1 Australia
  2.4.2 China
  2.4.3 India
  2.4.4 Japan
  2.4.5 Malaysia
  2.4.6 South Korea
  2.4.7 Thailand
2.5 Latin America
  2.5.1 Argentina
  2.5.2 Brazil
  2.5.3 Chile
  2.5.4 Colombia
  2.5.5 Mexico
2.6 Rest-of-the-World

3 MARKETS - COMPETITIVE BENCHMARKING

3.1 Key Strategies and Developments
3.2 Key Companies Ecosystem

4 RESEARCH METHODOLOGY

4.1 Data Sources
  4.1.1 Primary Data Sources
  4.1.2 Secondary Data Sources
  4.1.3 Data Triangulation
4.2 Market Estimation and Forecast

LIST OF FIGURES

Figure 1: Global Offloading Devices Market, $Million, 2022, 2026, and 2030
Figure 2: Global Offloading Devices Market (by Region), $Million, 2022, 2026, and 2033
Figure 3: Key Industrial Trends in the Global Offloading Devices Market
Figure 4: U.S. Offloading Devices Market, $Million, 2021-2030
Figure 5: Canada Offloading Devices Market, $Million, 2021-2030
Figure 6: Germany Offloading Devices Market, $Million, 2021-2030
Figure 7: Austria Offloading Devices Market, $Million, 2021-2030
Figure 8: Czech Republic Offloading Devices Market, $Million, 2021-2030
Figure 9: Greece Offloading Devices Market, $Million, 2021-2030
Figure 10: Poland Offloading Devices Market, $Million, 2021-2030
Figure 11: Romania Offloading Devices Market, $Million, 2021-2030
Figure 12: Russian Federation Offloading Devices Market, $Million, 2021-2030
Figure 13: Slovakia Offloading Devices Market, $Million, 2021-2030
Figure 14: Turkey Offloading Devices Market, $Million, 2021-2030
Figure 15: Ukraine Offloading Devices Market, $Million, 2021-2030
Figure 16: Belgium Offloading Devices Market, $Million, 2021-2030
Figure 17: Denmark Offloading Devices Market, $Million, 2021-2030
Figure 18: Finland Offloading Devices Market, $Million, 2021-2030
Figure 19: France Offloading Devices Market, $Million, 2021-2030
Figure 20: Ireland Offloading Devices Market, $Million, 2021-2030
Figure 21: Italy Offloading Devices Market, $Million, 2021-2030
Figure 22: Netherlands Offloading Devices Market, $Million, 2021-2030
Figure 23: Norway Offloading Devices Market, $Million, 2021-2030
Figure 24: Portugal Offloading Devices Market, $Million, 2021-2030
Figure 25: Spain Offloading Devices Market, $Million, 2021-2030
Figure 26: Sweden Offloading Devices Market, $Million, 2021-2030
Figure 27: Switzerland Offloading Devices Market, $Million, 2021-2030
Figure 28: U.K. Offloading Devices Market, $Million, 2021-2030
Figure 29: Australia Offloading Devices Market, $Million, 2021-2030
Figure 30: China Offloading Devices Market, $Million, 2021-2030
Figure 31: India Offloading Devices Market, $Million, 2021-2030
Figure 32: Japan Offloading Devices Market, $Million, 2021-2030
Figure 33: Malaysia Offloading Devices Market, $Million, 2021-2030
Figure 34: South Korea Offloading Devices Market, $Million, 2021-2030
Figure 35: Thailand Offloading Devices Market, $Million, 2021-2030
Figure 36: Argentina Offloading Devices Market, $Million, 2021-2030
Figure 37: Brazil Offloading Devices Market, $Million, 2021-2030
Figure 38: Chile Offloading Devices Market, $Million, 2021-2030
Figure 39: Colombia Offloading Devices Market, $Million, 2021-2030
Figure 40: Mexico Offloading Devices Market, $Million, 2021-2030
Figure 41: Data Triangulation
Figure 42: Top-Down and Bottom-Up Approach
Figure 43: Assumptions and Limitations

LIST OF TABLES

Table 1: Market Snapshot
Table 2: Global Offloading Devices Market, Opportunities
Table 3: Global Offloading Devices Market (by Region), $Million, 2021-2030
Table 4: North America Offloading Devices Market (by Country), $Million, 2021-2030
Table 5: Europe Offloading Devices Market (by Country), $Million, 2021-2030
Table 6: Asia-Pacific Offloading Devices Market (by Country), $Million, 2021-2030
Table 7: Latin America Offloading Devices Market (by Country), $Million, 2021-2030
Table 8: Rest-of-the-World Offloading Devices Market (by Country), $Million, 2021-2030
Table 9: Key Initiatives, 2021-2024
Table 10: Key Companies in the Global Offloading Devices Market


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