Patient Lateral Transfer Market-Global Industry Analysis and Forecast (2023-2029)

Patient Lateral Transfer Market was valued at US$ 3.61 Bn in 2022 and is expected to reach US$ 6.51 Bn by 2029, at a CAGR of 8.80 % during a forecast period. The report study has analyzed the revenue impact of the COVID-19 pandemic on the sales revenue of the market leader, market followers and market disrupters in the report, and the same is reflected in our analysis.Patient Lateral Transfer MarketTo know about the Research Methodology:- Request Free Sample Report

Global Patient Lateral Transfer Market Overview

Lateral patient transfer is a potentially injurious process to care-givers and patients. The patient lateral transfer tasks are mostly completed in a hospital setting and home care setting. In the hospital, a force is required to complete lateral transfers and are extremely high speed and pose a significant risk for musculoskeletal injury.

Global Patient Lateral Transfer Market Dynamics

The global trend of population growth and the long life expectancy of the patients are expected to drive the market growth. The expenditure in the healthcare sector is increasing for society and the trend is generating continued growth in demand for patient lateral transfer service in acute and elderly care-related services. Technological advancements are enabling more preventive healthcare sectors that turn to lead the adoption of cost-savings and a higher quality of life for patients. In the market, multiple options are available to reduce the force of the lateral transfer and friction-reducing sheets, roller boards, repositioning sheets with the use of a ceiling lift, and air transfer devices. The number of healthcare institutes and hospitals is providing training to healthcare workers on properly using various techniques and materials like transfer belts, using lateral sliding aids such as slid sheet, draw sheet to carry patient transfer process. In addition, the causes of injury for hospital workers are overexertion or related movements like lifting, bending, and reaching. The movements are often performed during patient handling. The Decision-makers in health and care services are prioritizing efforts to prevent work-related health issues, absence from work, and early retirement of hospital workers. Major development activities have conducted to implement preventive transfer programs to prevent muscular and skeletal injuries by healthcare service providers. On the other hand, the costs of health and medical care in the healthcare sector are high because of the high administrative costs and high capital expenditure, which is expected to limit market growth. The lack of training is also expected to hamper the market growth.

Global Patient Lateral Transfer Market Segment Analysis:

The Hospital segment is expected to contribute a xx% share in the global market. Hospitals are an integral part of the healthcare sector. It is a major revenue source for the entire industry, which fuels research and innovation. The multiple corporations are investing significant efforts in terms of revenue & marketing strategies to promote their product/services among the hospitals. The hospital service industry is expected to contribute xx% growth in the healthcare sector, which is majorly attributed to private and community hospitals.

Regional Analysis:

North America region held the xx% market share in 2022 and is projected to contribute a xx% share in the global  market during the forecast period. The high expenditure in the healthcare sector, the presence of the well-established healthcare infrastructure and prominent key players are expected to boost the regional market growth. The North American healthcare market is characterized by a diversified care system, in which private healthcare providers account for more than half of the market. The consolidation has increased rapidly in current years and more than 60% of hospitals are belonging to a larger healthcare system, where the focus is on increased efficiency and cost-savings. The regional growth is driven by the demographic trend of an aging population and increased lifestyle-related health problems.

Competitive Analysis:

Some of the prominent market key players are focusing on the deployment of non-mechanical devices, which can help inpatient lateral transfer without causing any injuries to both the patient and healthcare workers. With technology innovations, manufacturers are also developing devices and offering services that can assist in better patient transfer without much effort. Many key players are creating their value in the market by contributing to improved clinical outcomes for patients and enabling a better work environment for healthcare professionals. It also contributes to an efficient healthcare process and a sustainable healthcare system. The objective of the report is to present a comprehensive analysis of the Global Patient Lateral Transfer Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Patient Lateral Transfer Market dynamics, structure by analyzing the market segments and projects the Global Patient Lateral Transfer Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Patient Lateral Transfer Market make the report investor’s guide.

Patient Lateral Transfer Market Scope: Inquire before buying

Patient Lateral Transfer Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2018 to 2022 Market Size in 2022: US $ 3.61 Bn.
Forecast Period 2023 to 2029 CAGR: 8.80% Market Size in 2029: US $ 6.51 Bn.
Segments Covered: by Product Air assisted lateral transfer mattresses Sliding sheet Accessories
by End User Hospitals Ambulatory surgery centers Others
by Usage Single Patient Use Reusable

Patient Lateral Transfer Market, by Region

Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) North America (United States, Canada and Mexico) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)

Global Patient Lateral Transfer Market Key players

1. EZ Way 2. Getinge 3. HoverTech 4. McAuley Medical 5. Medline Industries 6. Stryker Corporation 7. Hill-Rom Holdings, Inc. 8. Arjo 9. Handicare 10. Etac Group 11. McAuley Medical, Inc. 12. Medline Industries Inc. 13. Samarit Medical AG 14. Blue Chip Medical,Inc. 15. Haines Medical Australia 16. Scan Medical Co Inc. 17. WY’ East Medical Company 18. GBUK Banana

Frequently Asked Questions:

1. Which region has the largest share in Global Patient Lateral Transfer Market? Ans: North America region holds the highest share in 2022. 2. What is the growth rate of Global Patient Lateral Transfer Market? Ans: The Global Patient Lateral Transfer Market is growing at a CAGR of 8.80% during forecasting period 2023-2029. 3. What is scope of the Global Patient Lateral Transfer market report? Ans: Global Patient Lateral Transfer Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Patient Lateral Transfer market? Ans: The important key players in the Global Patient Lateral Transfer Market are – EZ Way, Getinge, HoverTech, McAuley Medical, Medline Industries, Stryker Corporation, Hill-Rom Holdings, Inc., Arjo, Handicare, Etac Group, McAuley Medical, Inc., Medline Industries Inc., Samarit Medical AG, Blue Chip Medical,Inc., Haines Medical Australia, Scan Medical Co Inc., WY’ East Medical Company, GBUK Banana. 5. What is the study period of this market? Ans: The Global Patient Lateral Transfer Market is studied from 2022 to 2029.
1. Global Patient Lateral Transfer Market: Research Methodology 2. Global Patient Lateral Transfer Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Patient Lateral Transfer Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Patient Lateral Transfer Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Patient Lateral Transfer Market Segmentation 4.1 Global Patient Lateral Transfer Market, by Segment-A (2022-2029) • Air assisted lateral transfer mattresses • Sliding sheet • Accessories 4.2 Global Patient Lateral Transfer Market, by Segment-B (2022-2029) • Hospitals • Ambulatory surgery centers • Others 4.3 Global Patient Lateral Transfer Market, by Segment-C (2022-2029) • Single Patient Use • Reusable 5. North America Patient Lateral Transfer Market(2022-2029) 5.1 North America Patient Lateral Transfer Market, by Segment-A (2022-2029) • Air assisted lateral transfer mattresses • Sliding sheet • Accessories 5.2 North America Patient Lateral Transfer Market, by Segment-B (2022-2029) • Hospitals • Ambulatory surgery centers • Others 5.3 North America Patient Lateral Transfer Market, by Segment-C (2022-2029) • Single Patient Use • Reusable 5.4 North America Patient Lateral Transfer Market, by Country (2022-2029) • United States • Canada • Mexico 6. Europe Patient Lateral Transfer Market (2022-2029) 6.1. European Patient Lateral Transfer Market, by Segment-A (2022-2029) 6.2. European Patient Lateral Transfer Market, by Segment-B (2022-2029) 6.3. European Patient Lateral Transfer Market, by Segment-C (2022-2029) 6.4. European Patient Lateral Transfer Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Patient Lateral Transfer Market (2022-2029) 7.1. Asia Pacific Patient Lateral Transfer Market, by Segment-A (2022-2029) 7.2. Asia Pacific Patient Lateral Transfer Market, by Segment-B (2022-2029) 7.3. Asia Pacific Patient Lateral Transfer Market, by Segment-C (2022-2029) 7.4. Asia Pacific Patient Lateral Transfer Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Patient Lateral Transfer Market (2022-2029) 8.1 Middle East and Africa Patient Lateral Transfer Market, by Segment-A (2022-2029) 8.2. Middle East and Africa Patient Lateral Transfer Market, by Segment-B (2022-2029) 8.3. Middle East and Africa Patient Lateral Transfer Market, by Segment-C (2022-2029) 8.4. Middle East and Africa Patient Lateral Transfer Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Patient Lateral Transfer Market (2022-2029) 9.1. South America Patient Lateral Transfer Market, by Segment-A (2022-2029) 9.2. South America Patient Lateral Transfer Market, by Segment-B (2022-2029) 9.3. South America Patient Lateral Transfer Market, by Segment-C (2022-2029) 9.4 South America Patient Lateral Transfer Market, by Country (2022-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 EZ Way 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Getinge 10.3 HoverTech 10.4 McAuley Medical 10.5 Medline Industries 10.6 Stryker Corporation 10.7 Hill-Rom Holdings, Inc. 10.8 Arjo 10.9 Handicare 10.10 Etac Group 10.11 McAuley Medical, Inc. 10.12 Medline Industries Inc. 10.13 Samarit Medical AG 10.14 Blue Chip Medical,Inc. 10.15 Haines Medical Australia 10.16 Scan Medical Co Inc. 10.17 WY’ East Medical Company 10.18 GBUK Banana
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