Patient Lateral Transfer Market is Expected to Reach USD 960.52 Million by 2030
Global Patient Lateral Transfer Market report highlights the most important market insights that take the business to the highest level of growth and success. The research, analysis and estimations about the market have been performed with the reliable knowledge in this industry analysis report. The report focuses on important aspects of the market that include but are not limited to historic data, present market trends, environment, technological innovation, upcoming technologies and the technical progress in the HEALTHCARE industry. Global Patient Lateral Transfer Market analysis document helps to obtain information about all the above factors by giving actionable market insights and comprehensive market analysis.
A worldwide Global Patient Lateral Transfer Market research report has complete overview of the market covering various aspects such as product definition, segmentation based on various parameters, and the prevailing vendor landscape. The report lends a hand to stay up-to-date about the entire market and also puts forward holistic view of the market. With this market report, insights and realities of the HEALTHCARE industry can be focused which helps keep the business on the right track. A thorough analysis has been performed in this document to know the potential of the market in the present and the future prospects from various angles. Global Patient Lateral Transfer Market report contains remarkable market data, present market trends, product consumption, environment, technological innovation, future prospects, upcoming technologies and the technical progress in the related industry.
Data Bridge Market Research analyses that the patient lateral transfer market which is USD 450.05 million in 2022, is expected to reach USD 960.52 million by 2030, at a CAGR of 9.94% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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According to World Health Organization statistics, the global per capita healthcare expenditure in 2017 was USD 1,064.741. The global healthcare expenditure per person increased from USD 864.313 in 2008 to USD 1,110.841 in 2018, with the United States leading the way with a healthcare expenditure of USD 10, 623.85 per capita in 2018. Domestic general government healthcare spending in the United States was USD 5355.79 in 2018, up from USD 3515.82 in 2008. These are some of the factors that have contributed to market growth in recent years.
Market Overview:
Patient lateral transfer is a patient’s movement between two surfaces, such as from a bed to a stretcher, a stretcher to a bed, a bed to a wheelchair, and so on. It can result in Musculoskeletal Disorders in carers (MSDs). As a result, a variety of products are available to facilitate patient lateral transfers, such as patient lateral transfer draw sheets, patient lateral transfer slide sheets, patient lateral transfer belts, patient lateral transfer slide boards, patient lateral transfer turning discs. These products can be used depending on the patient’s condition.
Drivers
- Rising geriatric population base
The growing elderly population has a direct and significant impact on market growth rates. According to data from the United Nations’ World Population Prospects, the 2019 Revision, the population group aged 65 and up is growing faster than all younger age groups worldwide. It will cover the way for market growth because the body invites numerous diseases as it ages. This factor propels the market growth.
- Rising usage of beds or stretchers
Lifting and moving patients from beds or stretchers can result in back injuries and strain for healthcare workers and carers due to forceful exertion, awkward posture, and repetitive movement. This is increasing the demand for patient lateral transfer devices that can reduce or eliminate the risk of such injuries. These devices reduce friction during patient transfers and thus benefit the patient. Furthermore, these devices are reasonably priced. Thus, such advantages of using lateral transfer devices for patients and carers are expected to drive market growth during the forecast period.
Patient Lateral Transfer Market Scope and Segmentation
| REPORT METRIC | DETAILS |
| Forecast Period | 2023 to 2030 |
| Base Year | 2022 |
| Historic Years | 2021 (Customizable to 2015 – 2020) |
| Quantitative Units | Revenue in USD Million, Volumes in Units, Pricing in USD |
| Segments Covered | Product (Air-Assisted Lateral Transfer Mattresses, Sliding Sheets, Accessories), Usage Type (Single Patient Use, Reusable), End User (Hospitals, Ambulatory Surgical Center and Others) |
| Countries Covered | U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
Some of the major players operating in the patient lateral transfer market are:
- Stryker (U.S.)
- Hill-Rom Holdings, Inc. (U.S.)
- Arjo (Sweden)
- Handicare (Sweden)
- Etac Group (Sweden)
- Sizewise (U.S.)
- McAuley Medical, Inc. (U.S.)
- Medline Industries Inc. (U.S.)
- Samarit Medical AG (Switzerland)
- Blue Chip Medical, Inc. (U.S.)
- Haines Medical Australia (Australia)
- Scan Medical Co Inc. (U.S.)
- WY’ East Medical Company (U.S.)
- GBUK Banana (U.S.)
- Johnson & Johnson Services, Inc. (U.S.)
- Arthrex Inc. (U.S.)
- AlloSource (U.S.)
- B. Braun SE (Germany)
- Smith+Nephew (U.K.)
- Zimmer Biomet (U.S.)
- Alimed (U.S.)
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Recent Developments
- In 2020, Arjo acquired Airpal, a patient transfer product-focused company based in the United States. This acquisition strengthened Arjo’s market position.
- In 2020, Handicare opened a stairlift manufacturing facility in the United States. The new production facility reduces lead times and gives the company a competitive advantage in the United States. Furthermore, outside of the United States, the company divested its patient-handling products to Direct Healthcare Group in 2020.
Patient Lateral Transfer Market Scope
Product
- Air-Assisted Lateral Transfer Mattresses
- Regular mattresses
- Split-leg mattresses
- Half mattresses
- Sliding Sheets
- Accessories
Usage type
- Single Patient Use
- Reusable
End user
- Hospitals
- Ambulatory Surgical Center
- Others
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the this research report
- Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
Top Key Topics Covered:
- Strategic Imperatives
- Factors Creating Pressure on Growth
- The Strategic Imperative
- Growth Opportunities Fuel the Growth Pipeline Engine
- Research Methodology
- Scope and Segmentation
- Research Context and Scope of Analysis
- Segmentation
- Other Techniques for This Research Report Management
- Growth Opportunity Analysis
- Growth Drivers
- Growth Restraints
- Introduction
- The Impact of the COVID-19 Pandemic and Post
- Future Growth
- Innovation Ecosystem
Continued…
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Some of the Most Important Questions Scrutinized in the Business Intelligence Report:
- What are the key growth parameters for this global market during the forecast period?
- Which key players are expected to hold the largest market share over the forecast period?
- Who are the leading vendors and manufacturers in this market?
- What are the key strategies adopted by leading players in the market for business development and geographical expansion?
- Which end-use industries can trigger high demand in the market over the forecast period?
- What are the key segments in this market?
- Which regional player will have anticipated leading the global market in terms of size?
- What is the impact of the novel coronavirus pandemic?
- Which obstacles must new players overcome in order to occupy a major position?
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