GlobalPatient Lateral Transfer Market was valued US$ 280.80 Mn in 2019 and isexpected to reach US$ 550.60 Mn by 2027, at a CAGR of 8.80 % during a forecastperiod.
Global Patient Lateral TransferMarket
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The report study has analyzed therevenue impact of the COVID-19 pandemic on the sales revenue of the marketleader, market followers and market disrupters in the report, and the same isreflected in our analysis.
Lateral patient transfer is apotentially injurious process to care-givers and patients. The patient lateraltransfer tasks are mostly completed in a hospital setting and home caresetting. In the hospital, a force is required to complete lateral transfers andare extremely high speed and pose a significant risk for musculoskeletalinjury.
Global Patient Lateral TransferMarket, Dynamics:
The global trend of populationgrowth and the long life expectancy of the patients are expected to drive the marketgrowth. The expenditure in the healthcare sector is increasing for society andthe trend is generating continued growth in demand for patient lateral transferservice in acute and elderly care-related services. Technological advancementsare enabling more preventive healthcare sectors that turn to lead the adoptionof cost-savings and a higher quality of life for patients. In the market,multiple options are available to reduce the force of the lateral transfer andfriction-reducing sheets, roller boards, repositioning sheets with the use of aceiling lift, and air transfer devices.
The number of healthcareinstitutes and hospitals is providing training to healthcare workers onproperly using various techniques and materials like transfer belts, usinglateral sliding aids such as slid sheet, draw sheet to carry patient transferprocess. In addition, the causes of injury for hospital workers areoverexertion or related movements like lifting, bending, and reaching. Themovements are often performed during patient handling. The Decision-makers inhealth and care services are prioritizing efforts to prevent work-relatedhealth issues, absence from work, and early retirement of hospital workers.Major development activities have conducted to implement preventive transferprograms to prevent muscular and skeletal injuries by healthcare serviceproviders.
On the other hand, the costs ofhealth and medical care in the healthcare sector are high because of the highadministrative costs and high capital expenditure, which is expected to limitmarket growth. The lack of training is also expected to hamper the marketgrowth.
Global Patient Lateral TransferMarket, Segment Analysis:
The Hospital segment is expectedto contribute a XX% share in the global patient lateral transfer market.Hospitals are an integral part of the healthcare sector. It is a major revenuesource for the entire industry, which fuels research and innovation. Themultiple corporations are investing significant efforts in terms of revenue& marketing strategies to promote their product/services among thehospitals. The hospital service industry is expected to contribute XX% growthin the healthcare sector, which is majorly attributed to private and communityhospitals.
Global Patient Lateral TransferMarket, Regional Analysis:
North America region held the XX%market share in 2019 and is projected to contribute a XX% share in the globalpatient lateral transfer market during the forecast period. The highexpenditure in the healthcare sector, the presence of the well-establishedhealthcare infrastructure and prominent key players are expected to boost theregional market growth. The North American healthcare market is characterizedby a diversified care system, in which private healthcare providers account formore than half of the market. The consolidation has increased rapidly incurrent years and more than 60% of hospitals are belonging to a largerhealthcare system, where the focus is on increased efficiency and cost-savings.The regional growth is driven by the demographic trend of an aging populationand increased lifestyle-related health problems.
Global Patient Lateral TransferMarket, Competitive Analysis:
Some of the prominent market keyplayers are focusing on the deployment of non-mechanical devices, which canhelp inpatient lateral transfer without causing any injuries to both thepatient and healthcare workers. With technology innovations, manufacturers arealso developing devices and offering services that can assist in better patienttransfer without much effort. Many key players are creating their value in themarket by contributing to improved clinical outcomes for patients and enablinga better work environment for healthcare professionals. It also contributes toan efficient healthcare process and a sustainable healthcare system.
The objective of the report is topresent a comprehensive analysis of the Global Patient Lateral Transfer Marketincluding all the stakeholders of the industry. The past and current status ofthe industry with forecasted market size and trends are presented in the reportwith the analysis of complicated data in simple language. The report covers allthe aspects of the industry with a dedicated study of key players that includesmarket leaders, followers, and new entrants by region. PORTER, SVOR, PESTELanalysis with the potential impact of micro-economic factors by region on themarket has been presented in the report. External as well as internal factorsthat are supposed to affect the business positively or negatively have beenanalyzed, which will give a clear futuristic view of the industry to thedecision-makers.
The report also helps inunderstanding Global Patient Lateral Transfer Market dynamics, structure byanalyzing the market segments and projects the Global Patient Lateral TransferMarket size. Clear representation of competitive analysis of key players byApplication, price, financial position, Product portfolio, growth strategies,and regional presence in the Global Patient Lateral Transfer Market make thereport investor’s guide.
Scope of the Global PatientLateral Transfer Market: Inquire before buying
Global Patient Lateral TransferMarket, By Product
• Air assisted lateral transfermattresses
Type
o Regular Mattresses
o Split-leg mattresses
o Half mattresses
Usage
o Reusable air-assisted lateraltransfer mattress
o Disposable air-assisted lateraltransfer mattress
• Sliding sheet
• Accessories
Global Patient Lateral TransferMarket, By End User
• Hospitals
• Ambulatory surgery centers
• Others
Global Patient Lateral TransferMarket, By Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in GlobalPatient Lateral Transfer Market
• EZ Way
• Getinge
• HoverTech
• McAuley Medical
• Medline Industries
• Stryker Corporation
• Hill-Rom Holdings, Inc.
• Arjo
• Handicare
• Etac Group
• McAuley Medical, Inc.
• Medline Industries Inc.
• Samarit Medical AG
• Blue Chip Medical,Inc.
• Haines Medical Australia
• Scan Medical Co Inc.
• WY’ East Medical Company
• GBUK Banana
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