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 2029.
Global Patient Lateral Transfer Market Analysis and Size
With the rising geriatric population base, the demand for elderly care services is bound to shoot up. This in turn would result in the large scale demand for emergency health services. However, one must be careful with the patient with delicate health while providing emergency healthcare services. This is where the role of patient lateral transfer devices arises. It not only ensures the safety of the patient but also the caregiver.
- Data Bridge Market Research analyses that the patient lateral transfer market is expected to undergo a CAGR of 9.44% during the forecast period. This indicates that the market value, which was USD 315.95 million in 2021, would rocket up to USD 650.17 million by 2029. “Air-Assisted Lateral Transfer Mattresses” dominates the product type segment of the patient lateral transfer market owing to advantages of these mattresses in overcoming persistent difficulties while handling patients with special conditions. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Global Patient Lateral Transfer Market Definition
From the name itself, it is clear that patient lateral transfer is a patient repositioning device that is used to laterally transfer the patients using a cushion of air to transfer patients laterally from one surface or bed to a another one. The role of patient lateral transfer devices is to shift the patients to a surface having less friction without having to explicitly lift the patient.
Report Scope and Market Segmentation
2022 to 2029
2020 (Customizable to 2019 - 2014)
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 (US), Hill-Rom Holdings, Inc. (US), Arjo (Sweden), Handicare (Sweden), Etac Group (Sweden), Sizewise (US), McAuley Medical, Inc. (US), Medline Industries Inc. (US), Samarit Medical AG (Switzerland), Blue Chip Medical,Inc. (US), Haines Medical Australia (Australia), Scan Medical Co Inc. (US), WY’ East Medical Company (US), GBUK Banana (US), Johnson & Johnson Services, Inc. (US), Arthrex Inc. (US), AlloSource (US), Braun Melsungen AG (Germany), Smith & Nephew plc (Germany), Zimmer Biomet (US), and Alimed (US)
Patient Lateral Transfer Market Dynamics
- Rising geriatric population base
Growing population of old age people is directly and largely influencing the market growth rate. According to the data from World Population Prospects: the 2019 Revision published by the United Nations, the population group aged 65 years or over globally, is registering faster growth rates than all younger age groups. Since with the rising age, the body invites numerous diseases, it will carve the way for the growth of the market.
- Research and development proficiencies
Rising expenditure for research and development proficiencies especially in the developed and developing economies pertaining to the medical instruments and devices will further create lucrative market growth opportunities. Research and development proficiencies being conducted for the development of emergency healthcare services is also bolstering the market growth rate.
- Growing investment for healthcare facilities
Surging focus towards improving the condition of healthcare facilities and improving the overall healthcare infrastructure another important factor fostering the growth of the market. Rising number of partnerships and strategic collaborations between the public and private players pertaining to funding and application of new and improved technology is further creating lucrative market opportunities.
Furthermore, upsurge in the public-private funding for target research activities, rising risk of injuries to caregivers during the manual handling of patients, rising number of road accidents and rising product innovations and development owing to technological advancements all around the world will extend profitable opportunities for the market players in the forecast period of 2022 to 2029. Additionally, surging application of regulations to reduce the manual patient handling, rising internet penetration rate, rising need for home healthcare services and increasing per capita expenditure on health care will further expand the market's growth rate in the future.
Restraints/Challenges Global Patient Lateral Transfer Market
On the other hand, high cost associated with the research and development proficiencies, limited infrastructural facilities and dearth of awareness in the backward economies are expected to obstruct market growth. Also, lack of favorable reimbursement scenario and technology penetration in the developing economies, dearth of training provided to caregivers for the effective operation of patient handling equipment, growing costs involved with these transfer devices, and lack of suitable infrastructure in low- and middle-income countries are projected to challenge the market in the forecast period of 2022-2029.
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 Patient Lateral Transfer Market
COVID-19 has stimulated the market growth rate in the upward direction. Increasing number of patients and booming hospitalization rate owing to the spread of virus is one of the biggest factors responsible for pushing up the market growth rate. Growing focus of the healthcare institutions to provide the best of facilities to the patients ensured a good run of the market in this pandemic. Further, growing trend of homecare settings in this period created lucrative market growth opportunities. Higher demand for beds and lateral transfer devices from all around the globe led to the higher conversion rates for the manufacturers.
- December 2020: Arjo acquired Airpal, a US-based patient transfer product-focused company. This acquisition strengthened Arjo's position in the market.
- June 2020: Handicare established its stairlift production facility in the United States. The new production facility helps the company reduce lead times and provides a competitive advantage in the United States. Furthermore, in 2020, the company divested its patient handling products to Direct Healthcare Group outside the United States.
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
- Sliding Sheets
On the basis of product, the patient lateral transfer market is segmented into air-assisted lateral transfer mattresses, sliding sheets and accessories. Air-assisted lateral transfer mattresses has been sub segmented into regular mattresses, split-leg mattresses and half mattresses. Air-assisted lateral transfer mattresses has been sub segmented into single-patient use/disposable air-assisted mattresses and reusable air-assisted mattresses.
- Single Patient Use
On the basis of usage type, the patient lateral transfer market is segmented into single patient use, reusable.
- Ambulatory Surgical Center
On the basis of end user, the patient lateral transfer market is segmented into hospitals, ambulatory surgical center and others.
Patient Lateral Transfer Market Regional Analysis/Insights
The patient lateral transfer market is analysed 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 witness significant growth during the forecast period of 2022 to 2029 due to the increase in government initiatives to promote awareness, rise in medical tourism, growing research activities in the region, availability of massive untapped markets, large population pool, availability of the well-established infrastructure, 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 2010-2020.
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 (US)
- Hill-Rom Holdings, Inc (US)
- Arjo (Sweden)
- Handicare (Sweden)
- Etac Group (Sweden)
- Sizewise (US)
- McAuley Medical, Inc (US)
- Medline Industries Inc (US)
- Samarit Medical AG (Switzerland)
- Blue Chip Medical,Inc (US)
- Haines Medical Australia (Australia)
- Scan Medical Co Inc (US)
- WY’ East Medical Company (US)
- GBUK Banana (US)
- Johnson & Johnson Services, Inc (US)
- Arthrex Inc (US)
- AlloSource (US)
- Braun Melsungen AG (Germany)
- Smith & Nephew plc (Germany)
- Zimmer Biomet (US)
- Alimed (US)
Research Methodology : Global Patient Lateral Transfer Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-patient-lateral-transfer-market
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 customized 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 analyzed 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.