Global Patient Lateral Transfer Market By Product (Air-Assisted Lateral Transfer Mattresses, Sliding Sheets, Accessories), End User (Healthcare Service Providers, Health Insurance Payers, Medical Device Companies, Research & Consulting Firms, Vendors/Service Providers), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa), Industry Trends and Forecast to 2027
Market Analysis and Insights: Global Patient Lateral Transfer Market
Patient lateral transfer market is expected to account to USD 467.44 million by 2027 expanding at a rate of 9.0% in the forecast period of 2020 to 2027. High concerns amongst the care givers and healthcare organizations to avoid the various injuries involved in manual patient handling, this trend is expected to be one of the major factors behind the expansion of market capitalization.
Patient lateral transfer is the movement of the patient from a specific point to a point where they can undergo the desired healthcare services or solutions. This market is focused on various products and solutions designed to offer the easier movement of the patient to ensure that they do not suffer from any injuries or fall during the patient transfer which can complicate their health care delivery.
Various regulations and compliances being imposed to restrict the manual patient handling, this factor in combination with a number of benefits involved with the lateral patient transfer in special needs patients are acting as major growth drivers for the patient lateral transfer market. Increasing the volume of surgical procedures, as well as the growth of geriatric population globally is also expected to act as drivers for the growth of the market.
High costs involved with these transfer devices along with the lack of sufficient training in efficient delivery of patient handling by usage of these devices are acting as major market restraints in patient lateral transfer.
This market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief our team will help you create a revenue impact solution to achieve your desired goal.
Global Patient Lateral Transfer Market Scope and Market Size
Patient lateral transfer market is segmented on the basis of product and end user. Each individual segment’s growth is analysed and these insights are subsequently considered before providing you with the market overview which can help you in understanding and identification of your core applications in the broad market.
On the basis of product, the patient lateral transfer market has been segmented into air-assisted lateral transfer mattresses, sliding sheets and accessories. Air-assisted lateral transfer mattresses on the basis of type have been sub-segmented into regular mattresses, split-leg mattresses and half mattresses. Air-assisted lateral transfer mattresses on the basis of material have been sub-segmented into single-patient use/disposable air-assisted mattresses and reusable air-assisted mattresses.
Based on end user, the patient lateral transfer market has been segmented into healthcare service providers, health insurance payers, medical device companies, research & consulting firms, vendors/service providers.
Patient Lateral Transfer Market Country Level Analysis
Patient lateral transfer market is analysed and market size information is provided by country, product and end user as referenced above.
The countries covered in the 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 in the Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa as a part of Middle East & Africa, Brazil, Argentina and Rest of South America as part of South America.
North America will be expected to hold the largest share for patient lateral transfer market, while Asia-Pacific will be growing with the highest CAGR amid focus of governments and authorities on implementing regulations for safer patient handling and patient transfer to reduce the prevalence of injuries caused in lateral transfers.
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 such as new sales, replacement sales, country demographics, disease epidemiology and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
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 2010 to 2018.
Competitive Landscape and Patient Lateral Transfer Market Share Analysis
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, company strengths and weaknesses, product launch, clinical trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to patient lateral transfer market.
The major players covered in the report are Stryker, Getinge AB, HoverTech International, Sizewise, Airpal, Inc., Patient Positioning Systems LLC (PPS), EZ Way, Inc., McAuley Medical, Inc, Medline Industries, Inc., Air-Matt Inc., Samarit Medical AG, Haines Medical Australia, BLUE CHIP MEDICAL, Hill-Rom Services Inc., Wy’East Medical, GBUK Group Ltd., AliMed, Inc., Handicare AB, among other players domestic and global. Market Share data is available for Global, North America, Europe, Asia-Pacific, Middle East & Africa and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Patient Lateral Transfer Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.