The Patient Lateral Transfer Market is witnessing a paradigm shift in patient care, with a focus on seamless and safe transfers within healthcare settings. This market encompasses innovative solutions designed to enhance patient mobility and reduce the risk of injuries during lateral transfers. By the end of 2030, the patient lateral transfers market worldwide is expected to reach US$ 2 Billion 20232, growing at a 9.2% CAGR.
The likelihood of patients moving and getting lifted from stretchers or bed causing back injuries, strain to caregivers and healthcare workers owing to forceful exertion, repetitive movement, and awkward posture can’t be ruled out.
Patient lateral transfer devices come to the rescue over here.
Patient lateral transfer devices lessen friction during transfer of patients and prove to be equally beneficial for patients.
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Key Takeaways
- Air-assisted transfer devices held the largest market share in 2019 and the winning streak is expected to continue in the forecast period
- Asia-Pacific is looked upon as a promising market due to growing awareness about the need for patient lateral transfer devices along with improvement in healthcare infrastructure
- Covid-19 to escalate the market in the year 2020, and further traction expected with the onslaught of chronic devices
- Individual product promulgation is a key trend observed in the market
Key Participant Insights
The global patient lateral transfer market exhibits higher growth potential along with key players projecting their brands.
The competitive factors include product differentiation, technology, and competitive pricing.
For instance – McAuley Medical’s Gold Rollboard, Patient Mover Slide Boards, and Handy Rollerboard Accessories, HoverMatt Air Transfer System from HoverTech, Himm-Rom’s HandyTube Manual Transfer Aid and Patient Transfer Board are doing the rounds at present.
The other players are also in the race. As such, there exists fierce competition over here. If players opt for partnerships/joint ventures, the competitive landscape would take a cutting-edge turn.
The players in the patient lateral transfer market include McAuley Medical, Inc., Patient Positioning Systems LLC, HoverTech International, Stryker Corporation (Sage Products LLC), Getinge AB (ArjoHuntleigh), EZ Way, Airpal, Inc., Arjo, Medline Industries, Haines Medical Australia, Sizewise, and Prism Medical.
FMI’s report offers incisive insights on the key strategies of leading and tier II patient lateral transfer market players.
A detailed analysis of business and product strategies is offered in the report.
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Key Segments of Patient Lateral Transfer Industry Survey
Patient Lateral Transfer Market by Product:
- Air-assisted Transfer Devices
- Slide Sheets
- Transfer Accessories
Patient Lateral Transfer Market by Usage:
- Single Patient Use
- Reusable
Patient Lateral Transfer Market by End Use:
- Hospitals
- Clinics
- Ambulatory Surgical Centres
Patient Lateral Transfer Market by Region:
- North America Patient Lateral Transfer Market
- Latin America Patient Lateral Transfer Market
- Europe Patient Lateral Transfer Market
- East Asia Patient Lateral Transfer Market
- South Asia & Pacific Patient Lateral Transfer Market
- Middle East & Africa (MEA) Patient Lateral Transfer Market
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Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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