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  • Published In : May 2024
  • Code : CMI3840
  • Pages :154
  • Formats :
      Excel and PDF
  • Industry : Medical Devices
Market Challenge – Availability of Alternative Modes of Transfer

The availability of alternative modes of patient transfer is significantly restraining the growth of the global patient lateral transfer devices market. Patients and caregivers now have viable substitutes to lateral transfer devices that allow for smoother and less invasive transfer of patients. The growing prominence and access to these air-assisted and slide sheet alternatives to traditional lateral transfer devices has begun to curtail the growth potential of the conventional device market. Whereas air-driven mattresses and advanced slide sheets address key issues like injury prevention, patient comfort, and hygiene in a more effective manner compared to basic drawsheets and boards. This creates substantial challenges for lateral transfer device manufacturers to differentiate their offerings. Unless these companies are able to develop novel innovations that render their products superior substitutes over the available alternatives, the market may experience flatter growth over the coming years.

Market Opportunity – Growth in Demand for Air Assisted Devices

The demand for air assisted lateral transfer devices is growing significantly across healthcare facilities globally. Air assisted devices rely on an air-powered system to gently slide patients from one surface to another, reducing manual handling and risk of injuries for caregivers. They are especially useful for bariatric and disabled patients who are difficult to move. As the incidence of obesity, accidents and lifestyle diseases rise worldwide, the need for safe and effortless transfers is increasing rapidly. The rising global demand opens up vast opportunities for manufacturers of air assisted lateral transfer devices. Market leaders need to work on expanding production capacities and distribution networks to cater to the growing needs of hospitals, clinics and long-term care establishments. Developing low-cost options for budget-conscious markets can also help companies target wider customer segments. With a favorable regulatory environment supporting workplace safety, this domain is projected to remain a lucrative segment of the patient handling equipment industry globally over the next decade.

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