Patient Lateral Transfer Market worth $1,210.39 million by 2030, growing at a CAGR of 8.38% - Exclusive Report by 360iResearch

The "Patient Lateral Transfer Market by Product (Accessories, Air-Assisted Lateral Transfer Mattress, Sliding Sheets), Type (Reusable, Single-Use), End-User, Distribution Channel - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Patient Lateral Transfer Market to grow from USD 688.69 million in 2023 to USD 1,210.39 million by 2030, at a CAGR of 8.38%.

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Patient lateral transfer refers to the technique used by healthcare professionals to move a patient from one horizontal surface to another. Hospitals typically involve transfers such as bed to stretcher, bed to wheelchair, wheelchair to chair, and wheelchair to toilet. In recent years, the healthcare industry has witnessed a surge in the need for patient lateral transfer solutions and equipment due to the rising number of elderly patients and the subsequent increase in chronic diseases. This demographic is typically more prone to various ailments that necessitate hospitalization, often requiring the need for patient transfers during their care regime. Furthermore, technological innovations have led to the creation of products that are safer and more ergonomic for healthcare workers and also offer greater comfort for patients. These devices have incorporated features such as inflatable air chambers, repositioning sheets, and sliding boards. However, concerns associated with mishandling and limited knowledge of transfer equipment among caregivers can subject patients to injury. Additionally, technical constraints and space optimization issues of using patient lateral transfer impede the widespread adoption of the equipment. However, major players have invested in novel product launches such as foldable stretchers, integration of robot-assisted technologies, and the use of IoT devices and sensors, which can help overcome technical barriers.

In the Americas, predominantly North America, there is a high usage of patient lateral transfer devices due to the well-established healthcare system serving several treatments for elderly and chronic disease patients. Technological advancements and high standards of healthcare majorly propel the growth of the patient lateral transfer market in this region. Recent years have witnessed a spur in the usage of patient lateral transfer in the Asia-Pacific due to improved healthcare standards and increased awareness about patient safety. The production scenario in Asia is emerging, with more local manufacturers entering the market to meet growing demand. The company scenario is moderately competitive, with a mix of international and local businesses in the play. The increasing number of elderly care facilities has accelerated the demand for patient lateral transfer in the region. In Europe, the patient lateral transfer market is advanced and highly regulated. The usage is extensive, considering the well-developed healthcare sector and widespread adoption of technology in patient care. The production landscape is rich with key manufacturers who uphold strict, high-quality European standards.

Market Segmentation & Coverage:

This research report categorizes the Patient Lateral Transfer Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Product, market is studied across Accessories, Air-Assisted Lateral Transfer Mattress, and Sliding Sheets. The Air-Assisted Lateral Transfer Mattress is further studied across Half Mattress, Regular Mattress, and Split-Leg Mattress. The Sliding Sheets is projected to witness significant market share during forecast period.

Based on Type, market is studied across Reusable and Single-Use. The Reusable is projected to witness significant market share during forecast period.

Based on End-User, market is studied across Ambulatory Surgical Center, Hospitals, and Long-Term Care Units. The Ambulatory Surgical Center is projected to witness significant market share during forecast period.

Based on Distribution Channel, market is studied across Offline Mode and Online Mode. The Online Mode is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 39.46% in 2023, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Patient Lateral Transfer Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Patient Lateral Transfer Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Patient Lateral Transfer Market, highlighting leading vendors and their innovative profiles. These include Able Innovations Inc., Air-Matt Inc., AliMed, Inc., Arjo by Getinge, Bio - X, Brennan & Co., EBOS Healthcare, Etac AB, EZ Way Inc., GBUK Group Limited, Haines Medical Australia, Handicare by Savaria Corporation, Hillrom by Baxter International, Inc., HoverTech International, Joerns Healthcare, Lateral Medical, Mcauley Medical, Inc. by Pelstar, LLC, Medline Industries, Inc., Patient Positioning Systems, LLC, Samarit Medical AG, Stryker Corporation, and Wy'East Medical Corporation.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Patient Lateral Transfer Market, by Product
7. Patient Lateral Transfer Market, by Type
8. Patient Lateral Transfer Market, by End-User
9. Patient Lateral Transfer Market, by Distribution Channel
10. Americas Patient Lateral Transfer Market
11. Asia-Pacific Patient Lateral Transfer Market
12. Europe, Middle East & Africa Patient Lateral Transfer Market
13. Competitive Landscape
14. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Patient Lateral Transfer Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Patient Lateral Transfer Market?
3. What is the competitive strategic window for opportunities in the Patient Lateral Transfer Market?
4. What are the technology trends and regulatory frameworks in the Patient Lateral Transfer Market?
5. What is the market share of the leading vendors in the Patient Lateral Transfer Market?
6. What modes and strategic moves are considered suitable for entering the Patient Lateral Transfer Market?

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