The Global Patient Lateral Transfer Market to grow from USD 291.56 Million in 2019 to USD 511.56 Million by 2025, at a Compound Annual Growth Rate (CAGR) of 9.82%.
Market Segmentation & Coverage:
The research report categorizes the Patient Lateral Transfer Market to forecast the revenues and analyze the trends in each of the following segments:
Based on Use, the Patient Lateral Transfer Market studied across Reusable and Single-Use.
Based on Product, the Patient Lateral Transfer Market studied across Accessories, Air-assisted Lateral Transfer Mattress, and Sliding Sheets. The Air-assisted Lateral Transfer Mattress further studied across Half Mattress, Regular Mattress, and Split-leg Mattress.
Based on End-User, the Patient Lateral Transfer Market studied across Ambulatory Surgical Center, Hospitals, and Long-term Care Units.
Based on Distribution Channel, the Patient Lateral Transfer Market studied across Offline Mode and Online Mode.
Based on Geography, the Patient Lateral Transfer Market studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas region surveyed across Argentina, Brazil, Canada, Mexico, and United States. The Asia-Pacific region surveyed across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, South Korea, and Thailand. The Europe, Middle East & Africa region surveyed across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and United Kingdom.
The factors attributing to the growth of the market are high risk of injuries to caregivers during the manual handling of patients, safe patient handling laws supporting market development in the u.s. and eu, implementation of regulations to ensure safe patient handling, and need for lateral transfer devices in overcoming persistent difficulties in handling patients with special conditions. However, some factors such as lack of training provided to caregivers for the efficient operation of patient handling equipment may hinder the market growth. The Patient Lateral Transfer Market expected to showcase the opportunities such as limited product standardization and growing demand for home healthcare services. Soon market may face the possible challenges in the growth due to expansive procurement. However, the key players in the market are putting regressive efforts to provide innovative offerings and benchmark strategies in the market.
Cumulative Impact of COVID-19:
COVID-19 is an incomparable global public health emergency that has affected almost every industry, so for and, the long-term effects projected to impact the industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure the inclusion of underlaying COVID-19 issues and potential paths forward. The report is delivering insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecast, considering the COVID-19 impact on the market.
360iResearch Competitive Strategic Window:
The 360iResearch Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies. The Competitive Strategic Window helps the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. During a forecast period, it defines the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth.
360iResearch FPNV Positioning Matrix:
The 360iResearch FPNV Positioning Matrix evaluates and categorizes the vendors in the Patient Lateral Transfer Market on the basis of Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.
Company Usability Profiles:
The Patient Lateral Transfer Market is highly competitive and characterized by the presence of a large number of international and regional players in the market. The market has witnessed increased competition between vendors based on the pricing model, technology differentiation, brand name, quality of service, price differentiation, and technical expertise.
The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global Patient Lateral Transfer Market, including Air-Matt Inc., Airpal, Inc., Alimed, Arjo, Blue Chip Medical Products, Inc., Etac AB, EZ Way, Inc., GBUK Group Limited, Haines Medical Australia, Handicare, Hill-Rom Holdings, Inc., Joerns Healthcare, Mcauley Medical, Inc., Medline Industries, Inc., Patient Positioning Systems, LLC, Samarit Medical AG, Scan Medical, Sizewise, Stryker Corporation, and Wy’East Medical.