The Off Loading Devices Market is bound to grow at a remarkable rate in the forecast period. Vital Sign monitoring, in combination with wearables, does aid in symptoms check-in as well as education 24/7. There are also hand-held dongles being made available for attaching to smartphones to measure biomarkers for chronic ailments. This monitoring proves to be more cost-effective and convenient in comparison with in-person care. This trend would be prevalent in the healthcare vertical going forward.
Off-loading devices are used to reduce the body pressure on ulcerogenic callus in diabetic patients, which is developed due to poor circulation, lack of feeling in the foot, foot deformities or trauma. These devices aim to eliminate the abnormal pressure points and promote healing.
There are two types of off-loading devices such as footwear and total contact casts which vary in cost and effectiveness. Both devices also have their advantages and disadvantages. The effect of these devices also varies from person to person depending on their diabetic condition and use of the device.
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Segmentations:
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There are currently numerous off-loading devices that are available varied by the material used, complexity and cost. Total contact cast off-loading devices have better healing properties but they are more costly than the footwear and not afforded by all.
Opportunity for market players lies with the expanding their product range based on the off-loading capabilities and further research. There is a growing need for off-loading devices and the market opportunity lies in the development of economical and easy to wear devices.
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Geographically, the market for off-loading devices can be segmented into five regions, North America, Latin America, Europe, Asia Pacific and Middle East & Africa. North America is expected to have high share in the global off-loading devices market owing to the available funding by federal and state government as well as favorable reimbursement scenarios.This is followed by the European market because of the developed healthcare infrastructure, routine healthcare check-ups and awareness about the disease. This is followed by the Asia-Pacific market. It represents a huge market potential, however several factors restrict the market growth in this region.
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Latin America followed by MEA is expected to have the least market share and growth rate over the forecast period due to the non-availability of these services in most of the countries as well as poor healthcare infrastructure.
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