Global Patient Lateral Transfer Devices Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By ;

Air Assisted Transfer Device, Slide Sheets and Transfer Accessories.

By Material Type;

Single Patient Use and Reusable.

By End User;

Hospitals and Ambulatory Surgical Centers.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn584926018 Published Date: May, 2024 Updated Date: June, 2024

Introduction

Global Patient Lateral Transfer Devices Market (USD Million), 2020 - 2030

In the year 2023, the Global Patient Lateral Transfer Devices Market was valued at USD 337.98 million. The size of this market is expected to increase to USD 637.96 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 9.5%.

The global patient lateral transfer devices market is a critical segment within the broader healthcare industry, providing essential tools and solutions for the safe and efficient movement of patients. These devices play a pivotal role in ensuring both patient comfort and healthcare worker safety during transfers between beds, stretchers, operating tables, and other surfaces. With an aging population and increasing prevalence of chronic conditions worldwide, the demand for patient transfer devices continues to rise, driven by the need for smoother and safer patient handling processes.

One of the key drivers for the growth of this market is the emphasis on reducing the risk of patient and caregiver injuries associated with manual handling. Lateral transfer devices offer a range of benefits, including reduced strain on healthcare workers, minimized risk of musculoskeletal injuries, and enhanced patient comfort. As healthcare facilities strive to improve patient outcomes and enhance operational efficiency, the adoption of these devices is becoming increasingly widespread.

Technological advancements are further fueling market growth, with manufacturers continually innovating to develop more advanced and user-friendly transfer devices. Integration of features such as powered assistance, advanced materials, and ergonomic designs are enhancing the efficacy and ease of use of these devices, thereby driving their adoption across various healthcare settings.

The global patient lateral transfer devices market is characterized by intense competition among key players, who are focusing on product innovation, strategic partnerships, and geographical expansion to strengthen their market presence. Additionally, stringent regulations regarding patient safety and healthcare worker well-being are influencing product development and marketing strategies within the industry. As healthcare systems worldwide continue to prioritize patient-centered care and operational efficiency, the demand for innovative lateral transfer devices is expected to escalate, driving further market growth in the coming years.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By By Product Type
    2. Market Snapshot, By Material Type
    3. Market Snapshot, By End User
    4. Market Snapshot, By Region
  4. Global Patient Lateral Transfer Devices Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Aging population demands
        2. Increasing healthcare expenditure
        3. Rising incidence of disabilities
        4. Technological advancements driving innovation
        5. Growing awareness about patient safety
      2. Restraints
        1. High cost of devices
        2. Lack of skilled professionals
        3. Regulatory challenges
        4. Limited reimbursement policies
        5. Potential risk of injuries
      3. Opportunities
        1. Emerging markets expansion
        2. Development of affordable devices
        3. Adoption of telemedicine
        4. Focus on home healthcare
        5. Integration of IoT technology
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Patient Lateral Transfer Devices Market, By By Product Type, 2020 - 2030 (USD Million)
      1. Air Assisted Transfer Device
      2. Slide Sheets
      3. Transfer Accessories
    2. Global Patient Lateral Transfer Devices Market, By Material Type, 2020 - 2030 (USD Million)
      1. Single Patient Use
      2. Reusable
    3. Global Patient Lateral Transfer Devices Market, By End User,2020 - 2030 (USD Million)
      1. Hospitals
      2. Ambulatory Surgical Centers
    4. Global Patient Lateral Transfer Devices Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
      5. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
  6. Competitive Landscape
    1. Company Profiles
      1. Stryker Corporation
      2. Getinge AB
      3. Airpal, Inc.
      4. Hovertech International
      5. Hill-Rom Holdings, Inc.
      6. Sizewise
      7. Patient Positioning System LLC
      8. Medline Industries, Inc
  7. Analyst Views
  8. Future Outlook of the Market