Patient lateral transfer devices such as air cushioned, foam cushioned and drawsheet transfer devices are essential tools used by healthcare workers to safely transfer patients from one surface to another. These devices reduce the physical strain and risk of injury incurred by healthcare staff during transfer procedures, while also providing comfort and safety to patients. The increasing investment in healthcare infrastructure development across both developed and emerging economies has augmented the demand for patient handling equipment including lateral transfer devices.
Global Patient Lateral Transfer Devices Market Demand is estimated to be valued at US$ 350.91 million in 2023 and is expected to exhibit a CAGR of 8.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increased spending on healthcare infrastructure expansion is one of the major factors driving the growth of the patient lateral transfer devices market. Governments across countries are allocating higher budgets for developing and upgrading healthcare facilities to improve patient care services and working conditions for medical staff. This has prompted healthcare providers to invest more in specialized equipment for safe patient handling. Furthermore, growing geriatric population who are more susceptible to injuries during transfer procedures is boosting the demand for technologically advanced lateral transfer devices. Manufacturers are introducing innovative solutions such as air assisted lateral transfer mattresses integrated with patient monitoring systems to provide safer transfer while eliminating manual handling. Such product innovations are expected to further support the market growth over the forecast period.
Segment Analysis
The global patient lateral transfer devices market is segmented based on product, application and end user. Based on product, it is categorized into air assisted lateral transfer mattresses, sliding sheets, and accessories. Among these, the air assisted lateral transfer mattresses segment is anticipated to lead the market over the forecast period owing to their ability to protect patients from skin shear and reduce friction during the transfer process. The sliding sheets segment is also expected to garner significant share due to ease of usage.
Key Takeaways
Global Patient Lateral Transfer Devices Market Demand is expected to witness high growth over the forecast period of 2023-2030. The global Patient Lateral Transfer Devices Market is estimated to be valued at US$ 350.91 million in 2023 and is expected to exhibit a CAGR of 8.7% over the forecast period 2023 to 2030.
North America is presently the dominant region for patient lateral transfer devices. This can be attributed to the rising geriatric population suffering from limited mobility issues along with the presence of major market players in the region. Asia Pacific is expected to be the fastest growing region for patient lateral transfer devices during the forecast period 2023-2030. Factors such as rising healthcare expenditure, increasing number of hospitals and growing cases of hospitals acquired infections which require lateral transfer of patients are boosting the demand for patient lateral transfer devices in the region.
Key players operating in the patient lateral transfer devices market are focusing on new product launches and geographical expansion strategies to strengthen their presence. For instance, in 2022, Getinge introduced the Welfario Low Air Loss lateral transfer system to offer safer patient handling. Such innovations are anticipated to boost the adoption of patient lateral transfer devices during the forecast period.
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It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the patient lateral transfer devices market include Getinge AB, Hovertech International, Airpal, Inc., Stryker Corporation, Sizewise.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Patient Lateral Transfer Devices Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/patient-lateral-transfer-devices-market/download-sampleMarket DynamicsThe rise in the number of caregivers suffering from Musculoskeletal Disorders (MSDs) is driving the demand.
Lateral transfer device facilitates client rehabilitation, decreases morbidity, and preserves the dignity of the patient.
Growing hospitality owing to rising diseases and older adults will be fuelling the demand over the forecast period.
The need for improved safety amongst nurses and caregivers is responsible for the rising demand for high-tech lateral transfer devices that help prevent pressure ulcers, skin abrasions and bruising.
The Patient Lateral Transfer Devices Market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Patient Lateral Transfer Devices Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/patient-lateral-transfer-devices-market/download-sampleMarket DynamicsThe rise in the number of caregivers suffering from Musculoskeletal Disorders (MSDs) is driving the demand.
Lateral transfer device facilitates client rehabilitation, decreases morbidity, and preserves the dignity of the patient.
Growing hospitality owing to rising diseases and older adults will be fuelling the demand over the forecast period.
The need for improved safety amongst nurses and caregivers is responsible for the rising demand for high-tech lateral transfer devices that help prevent pressure ulcers, skin abrasions and bruising.
The Global Patient Lateral Transfer Market is projected to grow at a healthy growth rate from 2018 to 2025 according to new research.
The study focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies.
It also presents insights into various restraints that pose threat and highlights opportunities that will help the market pick pace in the forthcoming years.
The report compiles exhaustive information obtained via proven research methodologies and from trusted sources from within the industries.
It also includes expert opinions to provide readers a clearer perspective regarding the global market.
The report segments the global Patient Lateral Transfer market as: Global Patient Lateral Transfer Market: Regional Segment AnalysisNorth AmericaEuropeChinaJapanIndiaSoutheast AsiaOther regions (Central & South America, Middle East & Africa) Global Patient Lateral Transfer Market: Type Segment AnalysisBy ProductAir Assisted Transfer DeviceSlide SheetsTransfer AccessoriesBy MaterialSingle Patient UseReusable Global Patient Lateral Transfer Market: Application Segment AnalysisHospitalsAmbulatory Surgical Centers Global Patient Lateral Transfer Market: Manufacturers Segment AnalysisGetinge ABHovertech InternationalAirpal, IncStryker CorporationSizewisePatient Positioning System LLCMedline Industries, IncEZ Way, IncMcauley Medical, IncAir-Matt, IncHill-Rom Holdings, Inc.Scan MedicalHaines MedicalSamarit Medical AGBlue Chip Medical Products, Inc Global Patient Lateral Transfer Market: Key StakeholdersPatient Lateral Transfer ManufacturersPatient Lateral Transfer Distributors/Traders/WholesalersPatient Lateral Transfer Subcomponent ManufacturersIndustry AssociationDownstream Vendors For More Information Click Here @ https://www.upmarketresearch.com/home/enquiry_before_buying/6931 In this study, the years considered to estimate the market size of Patient Lateral Transfer are as follows:History Year: 2013-2017Base Year: 2017Estimated Year: 2018Forecast Year 2018 to 2025 The micro and macroeconomic factors influencing the growth of the market are covered in the detailed study of the Patient Lateral Transfer Market analysis report published on Up Market Research.
