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This report aims to provide detailed insights into the global safe patient handling equipment market.
It provides valuable information on the type, procedure, application, and region in the market.
Expected Revenue Growth: The Patient Handling Devices Market is projected to reach USD 12.6 billion by 2024 from USD 8.9 billion in 2019, at a CAGR of 7.2% during the forecast period.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=186358368 Key Factors Driving Market Growth: The growth of patient handling devices market is largely driven by the rising geriatric population, high risk of injuries to caregivers during the manual handling of patients, and the implementation of regulations ensuring the safety of healthcare personnel during manual lifting processes.
On the other hand, the persistent difficulties in handling bariatric patients are expected to limit market growth to a certain extent.
The increasing geriatric, obese, and disabled population is the key factor contributing to the growth of this market.
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According to the new market research report “Patient Lateral Transfer Market by Product (Air Assisted Transfer Device (Type (Regular Mattress, Split Legs Mattress, Half Mattress), Usage (Single Patient Use, Reusable)), Sliding Sheets, Accessories) End User (Hospitals) – Global Forecast to 2025” published by MarketsandMarkets™.Revenue Growth Opportunities and Growth Drivers?The Patient Lateral Transfer Market is expected to reach USD 446.2 billion by 2025 from USD 288.7 billion in 2020, at a CAGR of 9.1% during the forecast period of 2020 to 2025.Growth Boosting Factors:High risk of injuries to caregivers during the manual handling of patientsImplementation of regulations to ensure safe patient handlingAdvantages of lateral transfer devices in overcoming persistent difficulties in handling patients with special conditionsGrowing demand for home healthcare servicesBrowse 95 market data Tables and 36 Figures spread through 148 Pages and in-depth TOC – Request Research Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=93948116COVID-19 ImPatient Lateral Transferpact on the Patient lateral transfer Market;Coronavirus has spread across 215 countries and territories and affected more than 4.4 million people, with close to 300 thousand deaths.
For instance, according to the Centers for Disease Control and Prevention (CDC), 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 patient lateral transfer devices in the hospitals.
Many key players in the market have observed positive impact on its revenue due to higher demand of beds and lateral transfer devices.Leading Key Players in the Worldwide Industry:The products and services market is dominated by a few globally established players such as Stryker Corporation (US), Hill-Rom (US), Arjo (Sweden), Handicare (Sweden) and Etac Group (Sweden)Geographical Regions Mapped in Report:The patient lateral transfer market is divided into five regions—North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa.
North America held the largest share of the patient lateral transfer market in 2019, followed by Europe and the Asia Pacific.
The Asia Pacific market is projected to grow at the highest CAGR during the forecast period.
