Press release
Patient Lateral Transfer Market Size, Trends And Global Growth Report 2024-2033
Patient Lateral Transfer Market
The Business Research Company offers in-depth market insights through Patient Lateral Transfer Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The patient lateral transfer market size has grown strongly in recent years. It will grow from $4.09 billion in 2023 to $4.49 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to focus on healthcare worker safety, growing aging population, rise in healthcare expenditure, increasing incidence of chronic diseases, focus on reducing hospital-acquired infections, patient-centric healthcare approach..
The patient lateral transfer market size is expected to see strong growth in the next few years. It will grow to $6.43 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to rising demand for bariatric transfer solutions, focus on home healthcare, global aging population continues to grow, expansion of ambulatory care services, collaboration for product innovation.. Major trends in the forecast period include integration of sensor technologies, development of bariatric transfer solutions, adoption of air-assisted transfer systems, emphasis on ergonomics and staff safety, customization for different healthcare settings..
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Market Segmentation:
The patient lateral transfer market covered in this report is segmented -
1) By Products: Air-Assisted Lateral Transfer Mattress, Sliding Sheets, Accessories
2) By Usage Type: Single Patient Use, Reusable
3) By End-User: Hospital, Ambulatory Surgical Center, Other End-Users
Major Driver - Rising Hospitalization Rates Driving Patient Lateral Transfer Market Growth
The increasing hospitalization rate is expected to propel the growth of the patient lateral transfer market going forward. The rising hospitalization rate refers to the growing number of people admitted to hospitals for medical treatment. Lateral transfer is used for patients in hospitals to change the patient's position, provide care, and assess the patient's condition. For instance, in September 2022, according to the National Health Service of England, in 2020-2021, the number of finished admission episodes (FAEs) was 12,813,120, which increased to 15,979,490 in 2021-2022. This is an increase of 24.7% in 2020-21. Therefore, the increase in hospitalization is driving the growth of the patient lateral transfer market.
Competitive Landscape:
Major companies operating in the patient lateral transfer market report are Stryker Corporation, Baxter International Inc., Medline Industries Inc., Zimmer Biomet Holdings Inc., Smith and Nephew plc., Steris plc., Scan Medical Co Inc., Arthrex Inc., Hill-Rom Holdings Inc., Getinge AB, Wideblue Ltd., Agiliti Inc , Arjo AB, Cantel Medical Corp, Etac AB, Handicare Group AB, AliMed Inc., Prism Medical Inc., EZ Way Inc., HoverTech International, AliMed Inc, Blue Chip Medical Products Inc., Airpal Inc., McAuley Medical Inc., Samarit Medical AG, Patient Positioning Systems LLC, David Scott Company, Haines Medical Australia, WY East Medical Company, GBUK Ltd.
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