Impact Analysis of Covid-19
The complete version of the REPORT will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
A lateral transfer is shifting a patient from surface to surface, such as bed to hospital cart, bed to bed, and others. This shifting of patients was carried out by staff members which creates a risk of injury to the healthcare workers’ shoulders and lower back. Hence, use of patient lateral transfer devices such as roller boards, repositioning sheets with use of a ceiling lift, friction-reducing sheets, and air transfer devices decreases the force to complete a lateral transfer which results is less number of musculoskeletal injuries in caregivers.
The demand for patient lateral transfer devices has increased in the recent years due to increasing musculoskeletal injuries in healthcare workers which is expected to drive growth of the patient lateral transfer devices market over the forecast period.
The global patient lateral transfer devices market is estimated to be valued at US$ 266.18 million in 2020 and is expected to exhibit a CAGR of 9.4% over the forecast period (2020-2027).
Figure 1. Global Patient Lateral Transfer Devices Market Share (%) in terms of Value, By Region, 2019
Increasing incidence of musculoskeletal disorders in healthcare workers is expected to propel the market growth over the forecast period
Increasing incidence of musculoskeletal disorders such as tendonitis, low back pain (LBP), and others, is expected to propel growth of the patient lateral transfer devices market over the forecast period. According to the article published in the International Journal of Caring Sciences, in 2017, low back pain (LBP) is one of the most common occupational health problem which leads to serious physical, sensory, and emotional problems for healthcare works, especially nurses. According to the same source, the frequency of lower back pain (LBP) ranges between 40% and 97.9% in nurses.
Figure 2. Global Patient Lateral Transfer Devices Market Value Share (%), by Product Type, 2020
Increasing launch of new and advanced patient lateral transfer devices is expected to drive the market growth over the forecast period
Market players are focusing on enhancing their product portfolio by launching new and advanced patient lateral transfer devices, which is expected to drive the market growth over the forecast period. For instance, in February 2017, Sage Products LLC launched Prevalon Mobile Air Transfer System (MATS), developed to provide a safe and easy way for laterally transfer of patients.
COVID-19 Impact on Patient Lateral Transfer Devices Market
Increased number of hospitalizations due the COVID-19 outbreak is anticipated to propel the market growth over the forecast period. For instance, according to the Centers for Disease Control and Prevention, April 24, 2020, the rate of hospitalization due to COVID-19, for people of age 65 and above is 95.5 per 100,000. Such high rate of hospitalization has increased the demand of demand of patient lateral transfer devices in the hospitals.
Patient Lateral Transfer Devices Market Restraint
Lack of knowledge of using advanced devices and unavailability of trained personnel to perform lateral transfers limits the use of these devices and can lead to injuries which is likely to hinder the market growth over the forecast period.
Major players operating in the global patient lateral transfer devices market include Stryker Corporation, Getinge AB, Airpal, Inc., Hovertech International, Hill-Rom Holdings, Inc., Sizewise, Patient Positioning System LLC, Medline Industries, Inc., EZ Way, Inc., McAuley Medical, Inc, Air-Matt, Inc., Blue Chip Medical Products, Inc., Scan Medical, and Samarit Medical AG.