The Patient Lateral Transfer Devices Market is estimated to be valued at US$ 350.91 Mn or Mn in 2023 and is expected to exhibit a CAGR of 9.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Patient lateral transfer devices are medical equipment used to shift patients from one surface to another while minimizing friction and shearing forces on the skin. They are used in various healthcare settings such as hospitals, nursing homes, clinics, and others. The devices prevent back injuries, reduce risk of falls, and promote patient safety during transfer. Common products include air-assisted lateral transfer mattresses, sliding sheets, and transfer/mobility belts.
Market Dynamics:
The growth of the global patient lateral transfer devices market is attributed to rising geriatric population and increasing prevalence of chronic diseases. As per the UN report, the geriatric population is expected to grow at an exponential rate across major countries over the next few decades. Also, chronic conditions such as obesity, diabetes, cardiovascular diseases impose physical challenges for caregivers during patient handling. This has boosted the demand for advanced solutions with enhanced safety and ergonomics. In addition, stringent government regulations regarding patient safety and workers’ compensation is encouraging healthcare facilities to adopt safe patient transfer equipment which is propelling market growth. However, high costs associated with these specialized devices and lack of skilled professionals may hinder the market expansion.
Segment Analysis
The patient lateral transfer devices market is dominated by air-assisted lateral transfer mattresses segment. These mattresses help in smoothly transferring patients from one surface to another without causing any discomfort to the patient or physical strain on caregivers. They facilitate easy, comfortable, and effortless transfer with the help of integrated air cylinders that assist in lifting and sliding the patient laterally. The growing prevalence of obesity and chronic diseases necessitating lateral transfer has increased the demand for air-assisted lateral transfer devices.
PEST Analysis
Political: Regulations regarding patient safety and risk prevention in healthcare facilities are driving the adoption of patient lateral transfer devices that comply with international standards for safety, quality, and ease-of-use.
Economic: The rising healthcare spending coupled with the growing geriatric population susceptible to chronic illnesses has increased the demand for assistive devices like patient lateral transfer products.
Social: Higher awareness about occupational safety and ergonomics among caregivers has increased the use of lateral transfer devices that reduce physical strain and risk of injuries during patient handling.
Technological: incorporation of artificial intelligence and sensors in advanced lateral transfer devices allow contact-free transfer and real-time monitoring of patients’ vitals during movement to improve safety and care.
Key Takeaways
Global Patient Lateral Transfer Devices Market Demand is expected to witness high growth, exhibiting a CAGR of 9.7% over the forecast period of 2023 to 2030, due to increasing prevalence of chronic diseases and work injuries among caregivers. The market size for 2023 is estimated to be US$ 350.91 Mn.
Regional analysis shows that North America dominates the patient lateral transfer devices market owing to the rapid rise in healthcare costs, supportive regulatory environment, and technological advancements in the region. Key players operating in the patient lateral transfer devices market are 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., and Patient Positioning Systems LLC.
Key players like Stryker Corporation and Hill-Rom Holdings Inc. offer a wide range of advanced air-assisted, belt-assisted, and sling-based lateral transfer devices. For instance, the Stryker Sola Airlift and the Hill-Rom Pivot Air lateral transfer mattresses incorporate inflatable air cushions and patient sensors to allow caregivers to safely transfer patients weighing up to 660 pounds (300kg) with minimal physical strain. Additionally, companies are focusing on developing systems integrated with AI and IoT for contactless monitoring and risk prevention.
