Global patient lateral transfer devices market is estimated to be valued at USD 379.5 Mn in 2024 and is expected to exhibit a CAGR of 10.2% during the forecast period (2024-2031). Patient lateral transfer devices help critically ill patients move from one surface to another safely and efficiently without compromising on their medical condition or treatment. They serve as an important tool for healthcare workers in hospitals and nursing homes to transfer patients between beds, stretchers, chairs, and other equipment. These devices come equipped with straps, handles, and sliding sheets to provide proper support and prevent injuries during transfers. Their growing usage can be attributed to the rising elderly population suffering from limited mobility and the increasing instances of chronic diseases and accidents that require long term medical care.
Market Dynamics:
The global patient lateral transfer devices market is driven by the rising geriatric population prone to injuries during transfers due to age-related illness and impaired mobility. Furthermore, the increasing prevalence of chronic diseases like obesity, cardiovascular disorders, and diabetes is leading to greater need for long term medical care. This is expected to boost the demand for these devices from hospitals, nursing homes, and other healthcare settings. However, budgetary constraints faced by healthcare facilities in developing countries might hamper the market growth. On the other hand, continuous innovation in device designs to improve patient safety, care, and comfort provides lucrative opportunities for market players. The introduction of powered lateral transfer devices with enhanced functionality could gain significant traction going forward.
Key Features of the Study:
- This report provides an in-depth analysis of the global patient lateral transfer devices market and provides market size (USD Mn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
- It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
- It profiles key players in the global patient lateral transfer devices market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
- Key companies covered as a part of this includes Stryker, Hill-Rom Holdings Inc., Arjo , Handicare AB, Etac AB, McAuley Medical, Inc, Medline Industries, Inc., Samarit Medical AG, BLUE CHIP MEDICAL, Haines Medical Australia, Wy’East Medical, AliMed Inc., EZ Way Inc., Bio - X, Agiliti Health, Inc., and Patient Positioning Systems LLC.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
- Global patient lateral transfer devices market caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global patient lateral transfer devices market.
Detailed Segmentation-
- By Product Type:
- Air-Assisted Transfer Mattress
- Regular Air-Assisted Patient Lateral Transfer Mattresses
- Split-leg Air-assisted Patient Lateral Transfer Mattresses
- Half Air-assisted Patient Lateral Transfer Mattresses
- Reusable Air-assisted Patient Lateral Transfer Mattresses
- Disposable Air-assisted Patient Lateral Transfer Mattresses
- Slide Sheets
- Transfer Accessories
- By Usage:
- Reusable Patient Lateral Transfer Products
- Single-use Patient Lateral Transfer Products
- By End User:
- Hospitals
- Ambulatory Surgical Centres
- Others
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
- Company Profiles:
- Stryker
- Hill-Rom Holdings Inc.
- Arjo
- Handicare AB
- Etac AB
- McAuley Medical, Inc
- Medline Industries, Inc.
- Samarit Medical AG
- BLUE CHIP MEDICAL
- Haines Medical Australia
- Wy’East Medical
- AliMed Inc.
- EZ Way Inc.
- Bio - X
- Agiliti Health, Inc.
- Patient Positioning Systems LLC