Global Patient Lateral Transfer Market, By Product (Air-Assisted Lateral Transfer Mattresses, Sliding Sheets, Accessories), Usage Type (Single Patient Use, Reusable), End User (Hospitals, Ambulatory Surgical Center and Others) – Industry Trends and Forecast to 2030.
Patient Lateral Transfer Market Analysis and Size
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.
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.
Patient Lateral Transfer Market Scope and Segmentation
2023 to 2030
2021 (Customizable to 2015 - 2020)
Revenue in USD Million, Volumes in Units, Pricing in USD
Product (Air-Assisted Lateral Transfer Mattresses, Sliding Sheets, Accessories), Usage Type (Single Patient Use, Reusable), End User (Hospitals, Ambulatory Surgical Center and Others)
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
Market Players Covered
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.), and Alimed (U.S.)
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.
Patient Lateral Transfer Market Dynamics
- 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.
- Increasing cases of obesity
The market for patient lateral transfer devices in the United States is expected to grow at a rapid pace during the forecast period. Obesity prevalence among those aged 20 and up has increased dramatically in the United States, according to the Centers for Disease Control and Prevention. The United States has the world's 12th highest obesity rate, at 36.2%. Obesity rates differ greatly by state, ranging from 23% to 38.10%. This is due to the same dietary, environmental, and cultural factors that cause variations. Obesity is on the rise in the United States, with rates rising dramatically over the last three decades. Obese and overweight people are more likely to develop serious chronic illnesses that necessitate hospitalisation as the condition worsens. This factor is expected to increase demand for patient lateral transfer devices and provide opportunities for patient lateral transfer product makers due to the difficulty of transporting patients laterally.
- High cost associated with R&D capabilities
High costs associated with R&D capabilities, limited infrastructural facilities, and a lack of awareness in backward economies are expected to stymie market growth. In addition, a lack of favourable reimbursement scenarios and technological penetration in developing economies, a lack of training provided to carers for the effective operation of patient handling equipment, rising costs associated with these transfer devices, and a lack of suitable infrastructure in low- and middle-income countries are expected to pose challenges to the market during the forecast period of 2023-2030.
This patient lateral transfer market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the patient lateral transfer market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on the Patient Lateral Transfer Market
COVID-19 has accelerated market growth. The rising number of patients and hospitalization rate due to virus spread is one of the major factors driving up market growth rates. The increasing focus of healthcare institutions on providing the best facilities to patients ensured a good run of the market during this pandemic. Furthermore, the growing trend of homecare settings during this time period created lucrative market growth opportunities. Higher demand for beds and lateral transfer devices worldwide resulted in higher conversion rates for manufacturers.
- 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.
Global Patient Lateral Transfer Market Scope
The patient lateral transfer market is segmented on the basis of product, usage type and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Air-Assisted Lateral Transfer Mattresses
- Regular mattresses
- Split-leg mattresses
- Half mattresses
- Sliding Sheets
- Single Patient Use
- Ambulatory Surgical Center
Patient Lateral Transfer Market Regional Analysis/Insights
The patient lateral transfer market is analyzed and market size insights and trends are provided by country, product, usage type and end user as referenced above.
The countries covered in the patient lateral transfer market report are 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.
North America dominates the patient lateral transfer market because of the strong base of healthcare facilities, growing overweight population base, rising number of road accidents and rising number of research activities in this region.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2023 to 2030 because of an increase in government initiatives to raise awareness, an increase in medical tourism, growing research activities in the region, the availability of massive untapped markets, a large population pool, the availability of well-established infrastructure, the presence of key market players, and the growing demand for quality healthcare in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
The patient lateral transfer market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for patient lateral transfer market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the patient lateral transfer market. The data is available for historic period 2011-2021.
Competitive Landscape and Patient Lateral Transfer Market Share Analysis
The patient lateral transfer market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to patient lateral transfer market.
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.)