The study involved four major activities for estimating the current size of the patient lateral transfer market.
The next step focused on validating these findings, assumptions, and sizing with industry experts across the value chain through primary research.
Revenue Share Analysis, Parent Market and top-down approaches were employed to estimate the complete market size.Expected Revenue Surge: The Patient Lateral Transfer Market is expected to reach $446.2 million by 2025 from USD 288.7 million in 2020, at a CAGR of 9.1% during the forecast period of 2020 to 2025.Growth Opportunities: Growing demand of home health care services;Globally, an increasing number of government regulations are being implemented for reducing the duration and cost involved in healthcare treatments.
For instance, the Centers for Medicare and Medicaid Services (CMS) has implemented steps to provide incentives to healthcare providers for reducing hospitalization costs.
Homecare settings are expected to account for 28.3% of the patient handling equipment market in the US.
This will eventually increase opportunity for home healthcare services in patient lateral transfer marketRequest Research Sample Pages:Â https://www.marketsandmarkets.com/requestsampleNew.asp?id=93948116Market Segmentation in Detailed:Based on Product;Segmented into air-assisted lateral transfer mattresses, sliding sheets, and accessories.