Navigating the Patient Lateral Transfer Devices Market: Advancements, Adoption Trends, and Future Insights for Enhanced Patient Mobility, 2024-2031 | Arjo, Handicare AB, Etac AB, Sizewise, McAuley Medical Inc

Market Overview:

Patient lateral transfer devices help in transferring immobile patients from one surface to another such as a bed to a stretcher or operating table. They ensure safety and prevent any harm to patients or caregivers during transfer.

Market Dynamics:

Rising geriatric population prone to limited mobility is a key factor boosting the patient lateral transfer devices market. According to the United Nations, between 2023 and 2050, the proportion of the world's population aged 60 years or over is projected to double from 12% to 22%. Older persons are more susceptible to limited mobility due to conditions like arthritis or osteoporosis making lateral transfer devices highly useful for their care. Further, growing prevalence of chronic diseases such as obesity is another driver. Obese individuals find it difficult to independently move from one surface to another requiring assisting devices.

Get an Exclusive Sample Copy of the Report at: - https://www.coherentmarketinsights.com/insight/request-sample/3840

Moreover, it will also include the opportunities available in micro markets for stakeholders to invest, a detailed analysis of the competitive landscape, and product services of key players. Analysis of Patient Lateral Transfer Devices companies, key tactics followed by Leading Key Players:

◘ Stryker Corporation
◘ Hill-Rom Holdings Inc.
◘ Arjo
◘ Handicare AB
◘ Etac AB
◘ Sizewise
◘ McAuley Medical Inc.
◘ Medline Industries Inc.
◘ Samarit Medical AG
◘ Blue Chip Medical
◘ Haines Medical Australia
◘ Scan Medical Co Inc.
◘ Wy'East Medical
◘ GBUK Banana
◘ AliMed Inc.
◘ Cantel Medical Corporation
◘ EZ Way Inc.
◘ Patient Positioning Systems LLC

Growing Geriatric Population Is Driving the Demand for Patient Lateral Transfer Devices

The global geriatric population is increasing significantly. As per the World Health Organization, by 2050, the number of people aged 60 years and older is expected to total more than 2 billion, up from nearly 900 million in 2015. Older adults are at a higher risk of falling, fractures, and injuries. This is increasing the demand for medical devices that help transfer patients laterally in a safe manner. Patient transfer devices help reduce injuries to caregivers by eliminating the need to lift or roll patients manually. Their use is expected to grow exponentially in hospitals and long-term care settings with the rising senior population base requiring medical assistance and hospitalization.

Rising Incidence of Musculoskeletal Disorders and Obesity Is Prompting Increased Adoption of Lateral Transfer Devices

Musculoskeletal disorders and obesity have reached epidemic proportions worldwide. They are key factors contributing to disability and physical impairment. Obesity rates have doubled globally since 1980. All these factors play a major role in diminishing mobility and increasing the risk of falls and injuries during manual patient handling. They necessitate the use of lateral transfer aids and devices for safe transfers. Their usage helps prevent musculoskeletal injuries to caregivers by minimizing the physical strain associated with manual handling of patients. They also protect patients from falls and trauma during transfer activities. This is projected to significantly drive the demand for patient lateral transfer devices.

Buy This Premium Report and Get Upto 25 % OFF: https://www.coherentmarketinsights.com/insight/buy-now/3840

High Cost of Advanced Lateral Transfer Devices May Restrain Market Growth to Some Extent

Advanced powered lateral transfer devices come with a much higher price tag compared to conventional manual transfer aids. For instance, powered air-assisted devices can cost anywhere between $5,000 to $8,000 each. Although they provide added safety and injury prevention advantages, their steep price point poses a major barrier, especially for budget-constrained healthcare facilities in developing nations. Manual transfer sheets and sliding boards are popular affordable alternatives. However, they may not be adequate for bariatric and immobile patients. The high equipment and maintenance costs associated with powered devices could limit their widespread adoption, restraining market revenue growth to a certain degree.

Increasing Investments in Falls Prevention Programs Presents Lucrative Market Opportunities

Falls among older adults are a leading cause of injuries, hospitalizations, and rising healthcare costs. Governments and organizations worldwide are ramping up initiatives and funding for falls prevention and management programs. For instance, the UK government announced £25 million in funding for falls prevention schemes run by local authorities and health bodies in 2021. Fall prevention is also a key strategic objective of the WHO's "Decade of Healthy Ageing (2020-2030)" agenda. As patient lateral transfer devices form an integral part of falls safety, the rising focus on and commitments toward reducing fall injuries through community-based interventions will create many profitable opportunities for market players in the long run.

Growing Emphasis on Safe Patient Handling Policies and Technologies Is Driving Market Advancements

Mounting evidence on the risks of musculoskeletal disorders and injuries to caregivers due to manual handling has compelled regulatory authorities to implement strict safe patient handling policies. For example, OSHA in the US published guidelines recommending the use of mechanical lifting devices for healthcare facilities. This is encouraging providers to invest in advanced lateral transfer technologies incorporating powered, automated, and IoT-based features. Solution developers are actively spearheading innovations, including artificial intelligence and sensor-driven assistive robotic devices. The thriving regulatory push for adopting mechanical aids and powered devices for safe transfers is anticipated to significantly influence technological advancements in the patient lateral transfer devices industry over the coming decade.

Segment Details Analysis

By Product Type:

Air-assisted Transfer Mattress
Regular Air-assisted Patient Lateral Transfer Mattresses
Split-leg Air-assisted Patient Lateral Transfer Mattresses
Half Air-assisted Patient Lateral Transfer Mattresses
Reusable Air-assisted Patient Lateral Transfer Mattresses
Disposable Air-assisted Patient Lateral Transfer Mattresses
Slide Sheets
Transfer Accessories

By Usage:

Reusable Patient Lateral Transfer Products
Single-use Patient Lateral Transfer Products

By End User:

Hospital
Ambulatory Surgical Centers
Others

The Study Objectives are:

A comprehensive insight into key players operating in the Patient Lateral Transfer Devices Market and their corresponding data.
It includes product portfolio, annual revenue, expenditure on research and development, geographical presence, key developments in recent years, and growth strategies.
Regional analysis, which includes insight into the dominant market and corresponding market share.
It also includes various socio-economic factors affecting the evolution of the market in the region.
The report offers a comprehensive insight into different individuals from value chains such as raw materials suppliers, distributors, and stockholders.
Table of Contents:

Market scenario 2024

Chapter 1: Introduction, Market Driving Force Product Objective of Study and Research Scope the Patient Lateral Transfer Devices market
Chapter 2: Exclusive Summary - the basic information of the Patient Lateral Transfer Devices Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends, and Challenges & Opportunities of the Patient Lateral Transfer Devices
Chapter 4: Presenting the Patient Lateral Transfer Devices Market Factor Analysis, Supply/Value Chain, PESTEL analysis, Market Entry, and Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User, and Region/Country 2024 - 2031
Chapter 6: Evaluating the leading manufacturers of the Patient Lateral Transfer Devices market which consists of its Competitive Landscape, Peer Group Analysis, Market positioning & Company Profile
Chapter 7: To evaluate the market by segments, by countries, and by Manufacturers/Companies with revenue share and sales by key countries in these various regions (2024-2031)
Chapters 8 & 9: Displaying the Appendix, Methodology, and Data Source

We Offer Customized Report, Click @ https://www.coherentmarketinsights.com/insight/request-customization/3840

Key Questions Answered:

What is the market size and CAGR of the Patient Lateral Transfer Devices Market during the forecast period?
How is the growing demand impacting the growth of Patient Lateral Transfer Devices Market shares?
What is the growing demand of the Market during the forecast period?
Who are the leading vendors in the market and what are their market shares?
What is the impact of the COVID-19 pandemic on the APAC Patient Lateral Transfer Devices Market?

Contact Us

Mr. Shah
Coherent Market Insights Pvt Ltd,
533 Airport Boulevard, Suite 400, Burlingame,
CA 94010, United States
Phone: US +12067016702 / UK +4402081334027
JAPAN:+81-50-5539-1737
INDIA:+91-848-285-0837
Email: sales@coherentmarketinsights.com

About Coherent Market Insights

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

This release was published on openPR.