Global Lateral Transfer Devices Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are rising enormously across the globe. The lateral transfer devices main function is to provide a safe means of transferring patients from one surface to another such as, stretcher to stretcher, bed to bed, or bed to stretcher, and minimize the risk factors that may cause or lead to a caregiver or patient injury.
The factors that are playing a major role in the growth of Lateral Transfer Devices Market are the application of guidelines to reduce manual patient handling, rising demand for home healthcare services, and use of advanced technological devices to reduce the high risk of injuries to caregivers during manual handling of patients. On the other hand, lack of training to the caregiver for the handling of devices during operation is restraining overall market growth.
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Lateral Transfer Devices Market is segmented based on product type, application, and region. Product types such as Half Mattress, Regular Mattress, Split Legs Mattress, and others classify Lateral Transfer Devices Market. Applications into Clinics, Hospitals, and others classify Lateral Transfer Devices Market. Lateral Transfer Devices Market is segmented geographically into Americas (North America, South America), Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa.
Globally, North America accounts for the largest market share of Lateral Transfer Devices Market and is estimated to lead the overall market in the years to come. Europe and Asia Pacific follow suit. On the other hand, Asia Pacific is estimated to grow at maximum CAGR in the upcoming years. Developing economies such as India, China, and Japan are the major consumer of Lateral Transfer Devices Market and projected to grow at fastest pace in the upcoming years. This is mainly due to the implementation of policies to prevent patient injuries while transferring and lifting.
The key players of Lateral Transfer Devices Market are Blue Chip Medical Products, Inc., Getinge AB, Samarit Medical AG, Hovertech International, Haines Medical, Airpal, Inc., Scan Medical, Stryker Corporation, Hill-Rom Holdings Inc., Sizewise, Air-Matt, Inc., Patient Positioning System LLC, Mcauley Medical, Inc., Medline Industries, Inc., and EZ Way, Inc. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.
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