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Patient Lateral Transfer Devices Market Growth Accelerated By Rising Prevalence Of Chronic Diseases

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Dhanesha Patil
Patient Lateral Transfer Devices Market Growth Accelerated By Rising Prevalence Of Chronic Diseases

Patient lateral transfer devices play a crucial role in the safe, comfortable transfer of patients between various surfaces such as beds, stretchers, and medical equipment in hospitals and other healthcare settings. These devices help in reducing healthcare costs by preventing injuries to caregivers and patients during transfer. They provide improved functionality over conventional transfer aids by offering adjustable height capabilities, lateral pull forces, and a high level of comfort to patients. The global patient lateral transfer devices market is estimated to be valued at US$ 404.25 billion in 2024 and is expected to exhibit a CAGR of 10% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

One of the major trends fueling the growth of the patient lateral transfer devices market is the rising prevalence of chronic diseases across the world. Chronic diseases such as cardiovascular diseases, diabetes, cancer, arthritis and respiratory diseases are becoming highly prevalent. These diseases often require long-term care and assistance in everyday activities which increases the demand for devices that provide safe transfer of patients. According to the Centers for Disease Control and Prevention, in the U.S, 6 in 10 adults suffer from a chronic disease and 4 in 10 adults have two or more chronic diseases. Treating these chronic patients requires frequent hospitalization and mobility assistance driving the need for patient lateral transfer devices in hospitals and clinics. This rising chronic disease burden is expected to accelerate the demand for these transfer devices over the forecast period.

Segment Analysis

Patient Lateral Transfer Devices Market Analysis is dominated by air assisted devices segment. Air assisted lateral transfer mattresses are gaining more popularity as they provide uniform air cushioning and redistribution of body weight which minimizes friction and shear during transfer. These mattresses are easy to handle and offer great comfort to patients.

Key Takeaways

The global patient lateral transfer devices market is expected to witness high growth during the forecast period of 2024 to 2031.

Regional analysis shows that North America currently dominates the market due to rising elderly population, growing chronic diseases, and technological advancements in healthcare systems. However, Asia Pacific region is expected to be the fastest growing market in coming years with countries like China and India emerging as major hubs for medical device manufacturing and rising medical tourism.

Key players operating in the patient lateral transfer devices market are Cynosure, Lumenis, Syneron Medical, Lynton Lasers, EL.En. S.p.A., Fotona, Cutera, Strata Skin Sciences, Lutronic Corporation, Sciton, Alma Lasers, Venus Concepts, Asclepion Laser Technologies, Laseroptek, Quanta System, SharpLight Technologies, Aerolase, HONKON, LISA Laser Products, MeDioStar. The major players are focusing on new product launches and expanding their regional presence through mergers and acquisitions to strengthen their market share.

Get more insights on this topic: https://www.ukwebwire.com/patient-lateral-transfer-devices-market-size-and-share-analysis-growth-trends-and-forecasts/

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Dhanesha Patil
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