Patient Lateral Transfer Market Dynamics: Trends and Forecasts

The patient lateral transfer market is expected 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 of 2020 to 2025. Due to the outbreak of corona virus globally, there is a sudden rise in the demand for lateral transfer devices. The Growth in this market will majorly be driven by the high risk of musculoskeletal injuries to caregivers during manual handling of patients and the implementation of regulations to minimize manual patient handling. However, the lack of training to caregivers for the efficient operation of patient handling equipment is a key challenge in this market.

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Driver: High risk of injuries to caregivers during manual handling of patients

Manual handling of disabled patients may result in severe musculoskeletal injuries to caregivers, it can cause caregiver injury and put patients at risk of falls, fractures, bruises, and skin tears. With age, healthcare workers statistically become more vulnerable to infections and musculoskeletal injuries. According to OSHA (Occupational Safety and Health Administration), approximately 34% of all injuries occurring in hospital workforce are related to patient interactions and patient handling; of these, back injuries are the most prevalent. The risk of back injuries increases during lateral transfer, as caregivers must reach over the stretcher to the bed and physically pull the patient across onto a stretcher. Thus, to prevent injuries among caregiver’s, lateral patient transfer device demand has increased over the years and this is expected to increase further.

Opportunity: Growing demand of home health care services

Globally, an increasing number of government regulations are being implemented for reducing the duration and cost involved in healthcare treatments. For instance, the Centers for Medicare and Medicaid Services (CMS) has implemented steps to provide incentives to healthcare providers for reducing hospitalization costs. Under this initiative, the CMS is promoting healthcare settings such as nursing homes and approaches such as home healthcare as they can provide quality care at reduced costs (as compared to the cost of hospitalization). Homecare settings are expected to account for 28.3% of the patient handling equipment market in the US. Owing to this, private nursing institutions and geriatric care homes have become highly viable end-user segments in the US. market. This will eventually increase opportunity for home healthcare services in patient lateral transfer market

North America was the largest regional market for patient lateral transfer market in 2019

The patient lateral transfer 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.

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The prominent players operating in this market include Stryker Corporation (US), Hill-Rom (US), Arjo (Sweden), Handicare (Sweden), Etac Group (Sweden), Sizewise (US), McAuley Medical, Inc. (US), Medline Industries Inc. (US), Samarit Medical AG (Switzerland), Blue Chip Medical,Inc. (US), Haines Medical Australia (Australia), Scan Medical Co Inc. (US), WY’ East Medical Company (US), GBUK Banana (US), and Alimed (US).These players adopted the strategies of partnerships, agreements, and acquisitions to expand their presence in the global patient lateral transfer market.

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