Patient Lateral Transfer Market value of US$ 2 Billion by the end of 2030 | FMI Study
[Report of 280 Pages] By the end of 2030, the market for patient lateral transfers worldwide is expected to reach US$ 2 Bn, up from US$ 995.8 Mn in 2022, growing at a 9.2% CAGR.
As per FMI – an ESOMAR-certified market research firm, the global patient lateral transfer market is expected to reach US$ 519.3 Mn by 2030.
The likelihood of patients moving and getting lifted from stretchers or bed causing back injuries, strain to caregivers and healthcare workers owing to forceful exertion, repetitive movement, and awkward posture can’t be ruled out. Patient lateral transfer devices come to the rescue over here.
Patient lateral transfer devices lessen friction during transfer of patients and prove to be equally beneficial for patients.
- Air-assisted transfer devices held the largest market share in 2019 and the winning streak is expected to continue in the forecast period
- Asia-Pacific is looked upon as a promising market due to growing awareness about the need for patient lateral transfer devices along with improvement in healthcare infrastructure
- Covid-19 to escalate the market in the year 2020, and further traction expected with the onslaught of chronic devices
- Individual product promulgation is a key trend observed in the market
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“The patient lateral transfer market is subject to exclusive branding by the key players. This trend coupled with the outbreak of Covid-19 is expected to propel the market in the forecast period” – FMI analyst.Key Participant Insights The global patient lateral transfer market exhibits higher growth potential along with key players projecting their brands. The competitive factors include product differentiation, technology, and competitive pricing.
For instance – McAuley Medical’s Gold Rollboard, Patient Mover Slide Boards, and Handy Rollerboard Accessories, HoverMatt Air Transfer System from HoverTech, Himm-Rom’s HandyTube Manual Transfer Aid and Patient Transfer Board are doing the rounds at present.
The other players are also in the race. As such, there exists fierce competition over here. If players opt for partnerships/joint ventures, the competitive landscape would take a cutting-edge turn.
The players in the patient lateral transfer market include McAuley Medical, Inc., Patient Positioning Systems LLC, HoverTech International, Stryker Corporation (Sage Products LLC), Getinge AB (ArjoHuntleigh), EZ Way, Airpal, Inc., Arjo, Medline Industries, Haines Medical Australia, Sizewise, and Prism Medical.
FMI’s report offers incisive insights on the key strategies of leading and tier II patient lateral transfer market players. A detailed analysis of business and product strategies is offered in the report.
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Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2030. The global patient lateral transfer market is segmented in detail to cover every aspect and present a complete market intelligence approach to the reader.
The study provides compelling insights on patient lateral transfer market on the basis of product type (air-assisted transfer devices, slide sheets, and transfer accessories), usage type (single patient use, reusable), end-users (hospitals, clinics, ASCs) across seven regions.
Patient Lateral Transfer Market: Segmentation
The global Patient Lateral Transfer Market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.
- air-assisted transfer devices
- slide sheets
- transfer accessories
- single patient use
- Ambulatory Surgical Centres
- North America
- Latin America
- East Asia
- South Asia
- Middle East and Africa
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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