The patient lateral transfer devices market is driven by various factors such as the rising incidence of disabilities, increasing demand for medical devices, and the growing elderly population. Lateral transfer devices help in the safe and easy transfer of patients from one place to another, reducing the risk of injury to both patients and healthcare providers. Technological advancements in the healthcare sector, increasing healthcare expenditure, and the availability of favorable reimbursement policies are also contributing to the growth of the patient lateral transfer devices market. However, high costs associated with these devices, limited awareness, and a shortage of skilled healthcare professionals may hinder market growth. Nevertheless, increasing adoption of home healthcare services and the growing trend of medical tourism are expected to provide lucrative opportunities for the market in the coming years.
The Patient Lateral Transfer Devices Market expected to be valued at US$ 291.6 million in 2021, and it is expected to exhibit a CAGR of 9.7% over the forecast period (2021-2028).
Prominent Players in the Patient Lateral Transfer Devices Industry:
1. Stryker Corporation
Stryker Corporation is a leading medical technology company founded in 1941 and headquartered in Kalamazoo, Michigan. It operates in more than 100 countries and provides a wide range of products and services, including orthopedic implants, surgical equipment, and medical imaging systems. Stryker Corporation acquired Muka Metal in September 2021, a Turkish manufacturer of patient handling and transfer equipment.
2. Hill-Rom Holdings Inc.
Hill-Rom Holdings Inc. is another medical technology company founded in 1929 and based in Chicago, Illinois. It operates in more than 100 countries and provides products and services related to patient care, including hospital beds, patient lifts, and respiratory care systems. Hill-Rom Holdings Inc. launched the Hill-Rom Progressa® Bed System with the ZeroG® Technology in March 2021, which helps reduce the risk of falls and patient handling injuries during lateral transfer.
3. Arjo
Arjo is a Swedish company founded in 1951 that provides medical equipment and solutions for patient mobility and wound care. Its headquarters are located in Malmö, Sweden, and it operates in more than 60 countries. Arjo announced the launch of its new Sara® Plus standing and raising aid in May 2021, which is designed to make patient transfers easier and safer.
4. Handicare AB
Handicare AB is a Swedish company founded in 1986 that provides solutions for patient handling, mobility, and accessibility. Its headquarters are located in Stockholm, Sweden, and it operates in more than 30 countries.
5. Etac AB
Etac AB is a Swedish company founded in 1973 that provides products for patient care, including wheelchairs, walking aids, and bathing and toileting aids. Its headquarters are located in Stockholm, Sweden, and it operates in more than 30 countries.
6. Sizewise
Sizewise is a US-based medical equipment company founded in 1996 that provides products and services related to patient mobility, including hospital beds, mattresses, and bariatric equipment. Its headquarters are located in Lenexa, Kansas, and it operates in the United States, Canada, and Europe.
7. McAuley Medical Inc.
McAuley Medical Inc. is a US-based medical equipment company founded in 1992 that provides products and services related to patient care, including respiratory equipment and medical gas systems. Its headquarters are located in Rancho Dominguez, California, and it operates in the United States and internationally.
8. Medline Industries Inc.
Medline Industries Inc. is a US-based company founded in 1910 that provides medical supplies and equipment to hospitals, clinics, and other healthcare providers. Its headquarters are located in Northfield, Illinois, and it operates in more than 90 countries.
9. Samarit Medical AG
Samarit Medical AG is a Swiss company founded in 1963 that provides medical equipment and solutions for patient care, including pressure ulcer prevention and wound care. Its headquarters are located in Möhlin, Switzerland, and it operates in more than 50 countries. Samarit Medical AG introduced the new Volaro patient lifting and transfer system in April 2021, which is designed for use in hospitals and care facilities.
10. Blue Chip Medical
Blue Chip Medical is a US-based medical equipment company founded in 1991 that provides products related to patient care, including pressure ulcer prevention and treatment. Its headquarters are located in Highland, New York, and it operates in the United States and internationally.
11. Haines Medical Australia
Haines Medical Australia is an Australian company founded in 1988 that provides medical equipment and supplies to hospitals, clinics, and other healthcare providers. Its headquarters are located in West Footscray, Victoria, and it operates in Australia and New Zealand.
12. Scan Medical Co Inc.
Scan Medical Co Inc. is a US-based medical equipment company founded in 1992 that provides products and services related to patient mobility, including patient lifts and transfer equipment. Its headquarters are located in Garden Grove, California, and it operates in the United States and internationally.
13. Wy'East Medical
Wy'East Medical is a US-based medical equipment company founded in 2003 that provides products related to patient mobility, including knee braces and orthotics. Its headquarters are located in Clackamas, Oregon, and it operates in the United States and internationally.
14. GBUK Banana
GBUK Banana is a UK-based company founded in 1997 that provides medical supplies and equipment to hospitals, clinics, and other healthcare providers. Its headquarters are located in Bicester, England, and it operates in the United Kingdom and internationally.
15. AliMed Inc.
AliMed Inc. is a US-based company founded in 1970 that provides medical supplies and equipment to hospitals, clinics, and other healthcare providers. Its headquarters are located in Dedham.
*Definition- Patient lateral transfer devices are medical equipment used to assist in the safe and efficient movement of patients from one surface or location to another. These devices help to prevent patient injuries during transfer and can be used in hospitals, long-term care facilities, and other healthcare settings.
