North America to Dominate the Global Patient Lateral Transfer Market with a CAGR of 7.0 % | Fact.MR

Mass technological transformation of the global healthcare industry has left key market participants struggling to traverse the complexities of medical and life sciences. Given the shifting dynamics of the global healthcare sector, pharma and biotech companies are taking measured efforts to improve patient outcomes in an effective manner, while keeping a careful watch on the bottom line.

Much is being said about Artificial Intelligence taking over manual back office and supply chain operations in the healthcare ecosystem, threatening to replace physicians from critical claims processing roles. This might put pressure on pharmaceutical companies to ensure readiness for the new technology. Patient lateral transfer sales is expected to gain steadfast traction, procuring an annual Significant growth says Fact.MR’s Study

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According to the report by Fact.MR, the global patient lateral transfer market is expected to witness robust growth. The market is projected to increase to 7.0% CAGR during the forecast period 2017-2022. Owing to the increasing number of injuries among healthcare workers while transferring patient from bed to bed, stretcher to stretcher, and bed to stretcher, patient transfer devices are being used on a large scale to provide safe means of transfer. With technological advancements, manufacturers are also developing devices that can help in better patient transfer without much effort. Following are the insights on how the global patient lateral transfer market will perform in the coming years.

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4 Forecast Highlights on Global Patient Lateral Transfer Market

• North America is expected to dominate the global patient lateral transfer market. By the end of 2024, North America is projected to exceed US$ 100 million revenue. Increase in chronic and lifestyle diseases, the rise in Musculoskeletal Disorders (MSDs) among healthcare workers are some of the factors driving the market for patient lateral transfer in North America.
• Asia Pacific Excluding Japan (APEJ) is also expected to witness strong growth during the forecast period. Owing to the significant investment by the government and major market players in healthcare, and research and development infrastructure are some of the factors fueling market growth in APEJ.

For More Insights:  http://www.globenewswire.com/en/news-release/2020/03/30/2008408/0/en/Demand-for-Ready-to-eat-Wet-Soup-to-Exhibit-5-6-CAGR-Through-2029-Availability-of-Non-vegetarian-Options-Attracting-Profits-Finds-a-Fact-MR-Study.html

• Air assisted transfer device is expected to be one of the most preferred product for patient lateral transfer. Accounting for more than half of the revenue share by the end of 2017, Air assisted transfer device is projected to surpass US$ 150 million revenue by the end of 2024. Meanwhile, slide sheets are also expected to witness healthy growth during the forecast period.
• Compared to the single patient use products, reusable devices or products for patient lateral transfer will gain maximum traction in the global patient lateral transfer market. Reusable patient lateral transfer products are expected to account for maximum revenue share by the end of 2017. Between 2017 and 2024, reusable products are projected to create an incremental opportunity of nearly US$ 100 million. 

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