Global patient lateral transfer market size to record 9.1% CAGR through 2027
Global Patient Lateral Transfer Market - Overview
According to the research report titled ‘Global Patient Lateral Transfer Market Size study, By Product Type (Air-Assisted Transfer Device, Slide Sheets and Transfer accessories), By Material Type (Single Patient Use and Reusable), By end-user (Hospitals, Ambulatory Surgical Centers and Others) and Regional Forecasts 2020-2027’, available with Market Study Report LLC, global patient lateral transfer market had reached a valuation of USD 243.3 million in the year 2019 and is expected to grow at a CAGR of 9.1% between 2020 and 2027.
Increasing number of injuries to caregivers while manually handling patients coupled with strict regulatory outlook associated with safe patient handling are key factors driving the growth of global patient lateral transfer market. As per Family Caregiver Alliance, over 34 million American caregivers were prone to operational hazards in the year 2019 while providing homecare services.
Likewise, a study by Ohio State University claims that over 94% of caregivers have reported musculoskeletal pain in multiple parts of the body. Among these, 66% have claimed that the pain has significantly impacted their individual quality of life. Thus, rising concerns regarding operational injuries to caregivers is contributing towards global patient lateral transfer industry remuneration.
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For those uninitiated, a patient lateral transfer is basically a repositioning system that provides easy and safe way to transfer patients laterally. The device is widely adopted during patient transfers since it helps to lower operational hazards, saves time and reduces exertion while transferring patients, thereby aiding global patient lateral transfer industry expansion.
Additionally, key participants are promoting the use of patient lateral transfer devices in order to avoid back injuries and forceful exertions, which in turn is stimulating the overall industry outlook. However, lack of adequate training offered to caregivers while efficiently handling patient may act as a restraining factor to worldwide patient lateral transfer industry.
From the regional point of view, North America is estimated to generate significant revenues for global patient lateral transfer industry in the upcoming years. Rising cognizance regarding the advantages of these devices, growing population, and high occurrence of chronic disorders are favoring the regional market outlook.
Parallelly, Asia-Pacific patient lateral transfer industry is predicted to record a strong CAGR through 2027.
Haines Medical Australia, Scan Medical Co. Inc., Air-Matt Inc., McAuley Medical Inc., EZ Way Inc., Medline Industries Inc., Patient Positioning Systems LLC, Sizewise, Etac AB, and Stryker Corp. are the key participants in global patient lateral transfer market.
To access a sample pages of this report titled “Global Lateral Transfer Market Size study, By Product Type (Air-Assisted Transfer Device, Slide Sheets and Transfer accessories), By Material Type (Single Patient Use and Reusable), By end-user (Hospitals, Ambulatory Surgical Centers and Others) and Regional Forecasts 2020-2027” in detail along with the table of contents, please click the link below:
Global patient temperature management devices market Size, Regional Forecasts 2020-2027
Global patient temperature management devices market is valued approximately at USD 2.6 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 5.62% over the forecast period 2020-2027. Patient temperature management systems offer a number of medical advantages, such as reducing blood loss during surgery, reducing the risk of neurological disorders after cardiac arrest, and helping with rapid post-surgery recovery. Because of such benefits, patients' hospital stay is reduced to bare minimum, thereby reducing overall healthcare costs. These are used to measure COVID-19 patients' body temperature since high body temperature is one of COVID-19's major symptoms. Increasing number of surgical procedures is the driving factor.
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