The Global Patient Lateral Transfer Devices Market, by Product Type (Air-Assisted Transfer Mattress (Regular Air-Assisted Patient Lateral Transfer Mattresses, Split-Leg Air-Assisted Patient Lateral Transfer Mattresses, Half Air-Assisted Patient Lateral Transfer Mattresses, Reusable Air-Assisted Patient Lateral Transfer Mattresses, and Disposable Air-Assisted Patient Lateral Transfer Mattresses), Slide Sheets, and Transfer Accessories), by Usage (Reusable Patient Lateral Transfer Products and Single-use Patient Lateral Transfer Products) by End User (Hospitals, Ambulatory Surgical Centres, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), expected to be valued at US$ 291.6 million in 2021 and is expected to exhibit a CAGR of 9.7% over the forecast period (2021-2028), as highlighted in a new report published by Coherent Market Insights.
Key market players are focusing on inorganic growth strategies such as agreement, investment, and partnership to strengthen their market presence, which is expected to drive the patient lateral transfer devices market growth over the forecast period.
For instance, in March 2021, Pelstar, LLC, the manufacturer of market ruling—Health o meter—Professional medical scale brand, publicized its entry into safe patient handling and lateral patient transfer market with the acquisition of McAuley Medical, Inc. McAuley Medical is the dominant seller of medical rollboards used in hospitals, surgery centers, and other establishments for easier transfer of patients.
Furthermore, in December 2020, Arjo acquired AirPal, a privately owned U.S.-based company specialising in air-assisted lateral patient transfer solutions. The deal is going to strengthen Arjo’s Patient Handling portfolio and is expected to have a positive impact on earnings per share from 2022 and onwards.
Global Patient Lateral Transfer Devices Market – Impact of Coronavirus (COVID-19) Pandemic
The COVID-19 outbreak was first reported on December 31, 2019 in Wuhan, China. According to the Coronavirus (COVID-19) Weekly Epidemiological Update by the World Health Organization (WHO), over 193 million cases and 4.1 million deaths due to the coronavirus were reported up till July 25, 2021 across the globe.
The COVID-19 pandemic has negatively affected several markets across the globe and is also expected to hamper the demand and supply in global patient lateral transfer devices market, owing to reduced supply chain network during the COVID-19 outbreak.
Browse 38 Market Data Tables and 26 Figures spread through 154 Pages and in-depth TOC on “Patient Lateral Transfer Devices Market”- Global Forecast to 2027, by Product Type (Air-Assisted Transfer Mattress (Regular Air-Assisted Patient Lateral Transfer Mattresses, Split-Leg Air-Assisted Patient Lateral Transfer Mattresses, Half Air-Assisted Patient Lateral Transfer Mattresses, Reusable Air-Assisted Patient Lateral Transfer Mattresses, and Disposable Air-Assisted Patient Lateral Transfer Mattresses), Slide Sheets and Transfer Accessories), by Usage (Reusable Patient Lateral Transfer Products and Single-use Patient Lateral Transfer Products), by End User (Hospitals, Ambulatory Surgical Centres, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
To know the latest trends and insights prevalent in the global patient lateral transfer devices market, click the link below:
https://www.coherentmarketinsights.com/market-insight/patient-lateral-transfer-devices-market-3840
Key Takeaways of the Global Patient Lateral Transfer Devices Market:
- The global patient lateral transfer devices market is expected to exhibit a CAGR of 9.7% over the forecast period, owing to increasing investment in the lateral transfer devices market. For instance, in July 2019, Nordstjernan’s wholly-owned subsidiary Etac made an investment in 70 percent of the shares of the U.S. Company HoverTech International. The investment will reinforce Etac’s global position and create strong platform for further growth in Europe, the U.S., and important export markets.
- Among the product type, air-assisted transfer mattress is expected to account for the largest market share during the forecast period, owing to rising number of patients suffering from chronic diseases. For instance, in January 2021, the National Center for Chronic Disease Prevention and Health Promotion (NCCDPHP) stated that six out of ten adults in the U.S. have a chronic disease and four out of ten adults have two or more chronic conditions.
- Key players operating in the global patient lateral transfer devices market include Stryker Corporation, Hill-Rom Holdings Inc., Arjo, Handicare AB, Etac AB, Sizewise, McAuley Medical Inc., Medline Industries Inc., Samarit Medical AG, Blue Chip Medical, Haines Medical Australia, Scan Medical Co Inc., Wy'East Medical, GBUK Banana, AliMed Inc., Cantel Medical Corporation, EZ Way Inc., and Patient Positioning Systems LLC.
