Patient Lateral Transfer Market worth $446.2 million by 2025 - Exclusive Report by MarketsandMarkets™

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Aug 05, 2020, 11:30 ET

CHICAGO, Aug. 5, 2020 /PRNewswire/ -- According to the new market research report "Patient Lateral Transfer Market by Product (Air Assisted Transfer Device (Type (Regular Mattress, Split Legs Mattress, Half Mattress), Usage (Single Patient Use, Reusable)), Sliding Sheets, Accessories) End User (Hospitals) - Global Forecast to 2025", published by MarketsandMarkets™, the Patient Lateral Transfer Market is projected to reach USD 446.2 million by 2025 from USD 288.7 million in 2020, at a CAGR of 9.1% during the forecast period.

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Due to the outbreak of corona virus globally, there is a sudden rise in the demand for patient lateral transfer devices. The growth in this market is majorly driven by the high risk of injuries to caregivers during the manual handling of patients, implementation of regulations to minimize manual patient lifting, and the advantages of lateral transfer devices in overcoming persistent difficulties in handling patients with special conditions. However, the lack of training to caregivers for the efficient operation of patient handling equipment is expected to restrain the growth of this market.

Browse in-depth TOC on "Patient Lateral Transfer Market"

95 – Tables
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148 – Pages

Rise in the musculoskeletal injuries to caregivers while man handling patients to drive the demand for patient lateral transfer.

Based on product, the Patient Lateral Transfer Market is segmented into air-assisted lateral transfer mattresses, sliding sheets, and accessories. The air-assisted lateral transfer mattresses segment accounted for the largest market share in 2019. The large share of this segment can be attributed to the advantages of these mattresses in overcoming persistent difficulties while handling patients with special conditions.

The hospitals segment accounted for the largest market share in 2019

Based on end users, the Patient Lateral Transfer Market is segmented into hospitals, ambulatory surgery centers, and other end users. Hospitals accounted for the largest share of the market in 2019. This can be attributed to many patient admissions in hospitals, rising prevalence of various chronic conditions, and growing regulatory norms to use safe patient transfer equipment. Ambulatory surgery centres are expected to witness the highest growth during the forecast period, mainly due factors such as the growing number of digitalization in healthcare field such as mhealth and teleradiology.

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North America was the largest regional market for Patient Lateral Transfer Market in 2019

The market is segmented into five major regions, namely, North America, Europe, Asia Pacific, Latina America, and the Middle East and Africa. In 2019, North America accounted for the largest share. The large share of North America can primarily be attributed to the growing number of COVID-19 cases, rising prevalence of musculoskeletal disorders among caregivers, growing geriatric population, and the increasing incidence of chronic and lifestyle diseases. Due to its growing geriatric population segment and environmental conditions have favored the spread of COVID-19 which has severely affected the region and ensured enormous growth in the demand for patient lateral transfer devices. Players in this and adjacent, or even non-related, markets have focused on or collaborated for expanding the products of patient lateral transfer.

Some of the prominent players in this Patient Lateral Transfer Market are Stryker Corporation (US), Hill-Rom Holdings, Inc. (US), Sizewise (US), Arjo (Sweden), Haines Medical Australia (Australia), Handicare (Sweden), Medline Industries, Inc. (US), AliMed (US), and Airpal Inc. (US).

Browse Adjacent Markets: Medical Devices Market Research Reports & Consulting

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