Press Release
Press Release
The increasing demand for patient lateral transfer products from healthcare institutions is driving the market growth. The market is supported by the increasing focus of health care providers towards improving patient care. Hospitalised geriatrics are susceptible to various kinds of infections and diseases owing to the prolonged exposure to contaminants and bacteria. In addition to this, manual handling of geriatrics can lead to severe musculoskeletal injures such as fracture, bruises, and skin tears. The patient lateral transfer products come with soft surface, which reduces the chances of injuries in case of transfer of patients from one place to another, making them feel comfortable. Moreover, the product is convenient and easy to transport, which is another key driving factor in the market growth.
In October 2020, Stryker Corporation (NYSE: SYK) announced the launch of Niagra Lateral Access System, expanding its lateral spinal portfolio. With this, the company will be able to deliver a comprehensive portfolio of minimally invasive lateral solutions.
In 2020, Arjo announced the acquisition of AirPal, a company based in North Wales (PA), USA. AirPal is known to be the inventor of Air Assisted Lateral Patient Transfer Devices and specialises in these devices, facilitating lateral movement of patients. This deal will augment the patient handling business of Arjo and is part of the group’s long-term strategic focus towards driving healthier outcomes for people facing mobility challenges and the risk of musculoskeletal injuries.
In terms of region, the Asia Pacific is likely to account for a significant share in the market, owing to the growing demand for the product from hospitals and ambulatory surgical centres. The market is anticipated to be bolstered by the rising healthcare expenditure especially in major economies of the region. The market will further be aided by the growing concerns regarding patient safety and the growing penetration of the medical technology companies in the region.
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The major players in the global patient lateral transfer market are Stryker Corporation, Haines Medical Australia Pty Ltd, Arjo AB, Hill-Rom Services, Inc., McAuley Medical, Inc., and Patient Positioning Systems LLC, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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