Navigating the Lateral Patient Transfer Device Market:

Market overview:

Lateral patient transfer devices help move a stationary patient from one surface to another, such as from a bed to a stretcher or operating table. They ensure safety and prevent injury to patients or caregivers during transfers.

Market dynamics:

The growing geriatric population prone to limited mobility is a key factor revitalizing the lateral patient transfer device market. According to the United Nations, between 2023 and 2050, the percentage of the world’s population aged 60 and over will double from 12% to 22%. Elderly people are more susceptible to limited mobility due to conditions such as arthritis or osteoporosis, so lateral transfer devices are very useful in their care. Another factor is the increasing incidence of chronic diseases such as obesity. It is difficult for obese people to move from one surface to another on their own, which requires the use of assistive devices.

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Moreover, it will also cover investment opportunities available to interested parties in micro markets, detailed analysis of the competitive landscape and product services of key players. Analysis of Lateral Patient Transfer Device Companies, Key Tactics Used by Leading Key Players:

◘ Stryker Company
◘ 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

The growing elderly population increases the demand for lateral patient transfer devices

The global geriatric population is growing significantly. According to the World Health Organization, the total number of people aged 60 and over is expected to exceed 2 billion by 2050, up from almost 900 million in 2015. Older adults are at greater risk of falls, fractures and injuries. This increases the need for medical devices that help transport patients safely to the side. Patient transfer devices help reduce injuries to caregivers by eliminating the need to manually lift or turn patients. Their use in hospitals and long-term care facilities is expected to grow exponentially as the population of older adults requiring medical attention and hospitalization increases.

The increasing incidence of musculoskeletal diseases and obesity is resulting in the increased use of lateral transfer devices

Musculoskeletal disorders and obesity have reached epidemic proportions worldwide. These are key factors contributing to disability and physical impairment. Since 1980, obesity rates have doubled worldwide. All of these factors play a major role in limiting mobility and increasing the risk of falls and injuries when manually handling patients. They require the use of side aids and safe carrying devices. Their use helps prevent musculoskeletal injuries in caregivers by minimizing the physical strain associated with manually handling patients. They also protect patients from falls and injuries during transfers. This is expected to significantly increase demand for lateral patient transfer devices.

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The high cost of advanced lateral transfer equipment may limit the market growth to some extent

Advanced powered lateral transfer devices have a significantly higher price tag compared to conventional manual transfer aids. For example, air-powered devices can cost between $5,000 and $8,000 each. While they provide additional safety and injury prevention benefits, their high price is a major barrier, especially for health care facilities with limited budgets in developing countries. Manual transfer sheets and sliding boards are popular, inexpensive alternatives. However, they may not be suitable for bariatric and immobile patients. The high equipment and maintenance costs associated with powered devices may limit their widespread adoption, limiting market revenue growth to some extent.

Increasing investment in fall prevention programs creates lucrative market opportunities

Falls among older adults are a leading cause of injuries, hospitalizations and rising health care costs. Governments and organizations around the world are increasing initiatives and funding for fall prevention and management programs. For example, the UK Government has announced £25 million of funding for falls prevention programs run by local authorities and health authorities in 2021. Fall prevention is also a key strategic goal of the WHO’s Decade of Healthy Aging (2020-2030) “. As lateral patient transfer devices are an integral part of fall protection, increasing attention and commitment to reducing fall injuries through community interventions will create many profitable opportunities for market participants in the long term.

Increasing emphasis on safe patient management principles and technologies is driving advancements in the market

Increasing evidence of the risk of musculoskeletal disease and caregiver injury from manual patient handling has forced regulators to implement stringent policies for safe patient management. For example, OSHA in the US has published guidelines recommending the use of mechanical lifting devices in healthcare facilities. This encourages providers to invest in advanced lateral transfer technologies that include advanced, automated and IoT-based features. Solution developers are actively leading innovations including artificial intelligence and sensor-driven assistive robots. The robust regulatory push for the adoption of mechanical aids and powered devices for safe patient transfers over the coming decade is expected to significantly impact technological advancements in the lateral patient transfer industry.

Segment detail analysis

By product type:

Air assisted transfer mattress
Ordinary mattresses for air-assisted lateral patient transport
Mattresses for lateral patient transport with pneumatic support and divided legs
Mattresses for lateral patient transport with pneumatic support
Reusable mattresses for lateral patient transfer with pneumatic support
Disposable mattresses for air-assisted lateral patient transport
Slide sheets
Transfer accessories

By usage:

Reusable lateral patient transfer products
Disposable products for lateral patient transfer

By end user:

Hospital
Outpatient surgery centers
Others

The objectives of the study are:

Comprehensive insight into the key players operating in the Lateral Patient Transfer Devices market and their corresponding data.
It includes product portfolio, annual revenues, R&D expenses, geographical presence, key developments in recent years and growth strategies.
Regional analysis providing insight into the dominant market and its corresponding market share.
It also takes into account various socio-economic factors influencing the evolution of the market in the region.
The report provides comprehensive insight into various actors in value chains such as raw material suppliers, distributors and shareholders.
Contents:

Market scenario 2024

Chapter 1: Introduction, Market Driving Force Product Research Purpose and Research Scope Lateral Patient Transfer Devices Market
Chapter 2: Exclusive Summary – Essentials of the Lateral Patient Transfer Devices Market.
Chapter 3: Portraying Market Dynamics – Drivers, Trends, Challenges and Opportunities for Lateral Patient Transfer Devices
Chapter 4: Lateral Patient Transfer Devices Presentation Market Driver Analysis, Supply Chain/Value Chain, PESTEL Analysis, Market Entry and Patent/Trademark Analysis.
Chapter 5: View by type, end user and region/country 2024-2031
Chapter 6: Assessment of the Leading Manufacturers of the Lateral Patient Transfer Equipment Market, which includes its competitive environment, peer group analysis, market position and company profile
Chapter 7: Market Assessment by Segments, Countries and Manufacturers/Companies in terms of Revenue Share and Sales by Key Countries in These Various Regions (2024-2031)
Chapters 8 and 9: View the add-in, methodology, and data source

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Answers to key questions:

What is the market size and CAGR of the Lateral Patient Transfer Devices market during the forecast period?
How is rising demand driving lateral patient transfer device market share growth?
What is the growing demand in the market during the forecast period?
Who are the leading suppliers on the market and what is their market share?
What is the impact of the COVID-19 pandemic on the Lateral Patient Transfer Devices market in APAC?

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