According to Future Market Insights (FMI) in a recent market analysis, demand for replacement sheets is expected to grow at a 4.5% CAGR in 2021. The market is expected to reach US$ 117.0 million in 2021, owing to high demand for advanced devices and affordable products in the healthcare sector.
Furthermore, the slide sheet segment is expected to account for 40% of the total replacement sheets market share, while turn sheet sales are expected to rise over the forecast period.
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Between 2016 and 2020, demand for replacement sheets increased at a 4.3% CAGR. Replacement sheets were in high demand as healthcare infrastructure spending increased and demand for medical handling equipment increased within hospitals.
The unprecedented outbreak of COVID-19 had a positive impact on the global replacement sheets market. Despite an increase in the number of surgical procedures related to COVID-19 and other diseases during the FQ-20, demand for replacement sheets remained stable.
With accelerated vaccination drives and increased surgical procedures, key players collaborated with online retail channels to meet hospitals’ insatiable demand for replacement sheets. According to FMI, sales of replacement sheets have increased exponentially in emerging economies such as China, India, and Japan.
“Increasing demand for replacement sheets within hospitals and ambulatory surgical centers have compelled the key players to introduce affordable and improved quality products. Hence, to necessitate the growing demand, leading healthcare companies are actively investing in research activities to meet the surging requirements. This is expected to create immense scope for market players,” says the FMI analyst.
Key Takeaways from Replacement Sheets Market Survey
- Due to the increasing number of surgeries and hospitalisations, turn sheet accounts for more than 59% of the total market share.
- Hospitals are expected to be the primary replacement sheet end-user, accounting for more than 28% of total market share.
- The United States will lead the growth of the North American replacement sheet market, accounting for more than 81% of total market revenue.
- During the forecast period, the replacement sheets market in Germany will grow at a 5.3% CAGR.
- The rising prevalence of hospital-acquired infections in the United Kingdom will result in high sales of replacement sheets, with the market worth US$ 2.7 million in 2021.
- In 2021, China will account for more than half of the total market share in East Asia.
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Key Drivers
- Growing prevalence of hospital-acquired infections and rising number of surgical procedures will fuel the demand for replacement sheets
- Increasing research and development activities to improve the product quality will create incremental growth opportunities for key players.
Key Restraints
- Dearth of skilled medical professionals and assistance will hamper the sales of replacement sheets as inability to handle the replacement sheet can result in infection transmission
- High cost associated with the repositioning devices and replacement sheets is the major factor expected to restraint the growth in the market.
Competitive Landscape
Prominent players operating in the replacement sheets market are focusing on expanding their product portfolio. Key players are strategizing by launching new higher quality products to generate new proceedings.
In order to expand their global reach, key players are collaborating and forming partnerships with end-users and other key players, especially in emerging economies. Additionally, leading companies are also focusing on product development to deliver convenient and safe options for the patients.
- Recently, HoverTech International, in 2018, announced the launch of HoverSling repositioning sheet to provide caregivers to use one product for all patient handling tasks.
Some of the prominent players operating in the replacement sheets market profiled by FMI are:
- Hill-Rom Services, Inc.
- Etac AB
- HoverTech International
- EHOB Inc.
- Vendlet ApS
- Arjo- Getinge Group
- Stryker Corporation.
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More Insights on the Global Replacement Sheets Sales Outlook
FMI provides an unbiased analysis of replacement sheets market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global demand for replacement sheets with a detailed segmentation on the basis of:
Product:
- Slide Sheet
- Disposable Slide Sheets
- Reusable Slide Sheets
- Turn Sheet
- Disposable Turn Sheets
- Reusable Turn Sheets
- Air Transfer Gliding Sheets
End-User:
- Hospitals
- Ambulatory Surgery Centers
- Long Term Care Centers
- Skill Nursing Facilities
- Assisted Living Facilities
- Others
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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