Patient Lateral Transfer Devices Market Size, Share, Industry Trends and Forecast to 2030

Patient Lateral Transfer Devices Market Size & CAGR in 2021

The global patient lateral transfer devices market is expected to reach a CAGR of 5.2% from 2021 to 2026. The market size is estimated to be USD 175 million in 2021 and is projected to reach USD 225 million by 2026.

COVID-19 Impact on the Patient Lateral Transfer Devices Market

The COVID-19 pandemic has had a significant impact on the patient lateral transfer devices market. With the increase in COVID-19 cases, hospitals and healthcare facilities have faced challenges in managing patient transfers safely. This has led to a surge in the demand for patient lateral transfer devices to ensure the safety of both patients and healthcare workers.

Patient Lateral Transfer Devices Dynamics

The patient lateral transfer devices market is driven by factors such as the increasing prevalence of chronic diseases, rising geriatric population, and growing awareness about the importance of patient safety during transfers. Technological advancements in patient lateral transfer devices, such as powered transfer systems and air-assisted transfer devices, have also contributed to market growth.

Segments and Related Analysis

By Product Type

- Air-assisted Transfer Devices
- Slide Sheets
- Transfer Boards
- Accessories

By End User

- Hospitals
- Ambulatory Surgical Centers
- Long-term Care Centers
- Others

By Application

- General Bed Transfers
- Procedure Preparation
- Repositioning and Turning

By Region Analysis

North America

The North American patient lateral transfer devices market is the largest in the world, driven by the presence of well-established healthcare infrastructure and increasing investments in patient safety. The market is dominated by the U.S. and Canada, with key players focusing on product innovation and partnerships to gain a competitive edge.

Europe

Europe is a significant market for patient lateral transfer devices, with countries like Germany, the UK, and France leading the way. The market growth in Europe is fueled by a growing elderly population and the adoption of advanced transfer technologies in healthcare facilities.

Asia Pacific

The Asia Pacific region is witnessing rapid growth in the patient lateral transfer devices market due to increasing healthcare expenditure, rising awareness about patient safety, and the growing number of hospitals and clinics. Countries like China, India, and Japan are key contributors to market growth in the region.

Latin America

Latin America has shown steady growth in the patient lateral transfer devices market, driven by improving healthcare infrastructure, government initiatives to enhance patient care, and the increasing prevalence of chronic diseases. Brazil, Mexico, and Argentina are among the leading markets in the region.

Middle East and Africa

The Middle East and Africa region exhibit promising growth opportunities for the patient lateral transfer devices market, supported by the expansion of healthcare facilities, increasing investments in medical technology, and a rise in patient safety standards. Countries like UAE, Saudi Arabia, and South Africa are expected to drive market growth in the region.

Key Market Players and Competitive Landscape

The global patient lateral transfer devices market is highly competitive, with key players focusing on product innovation, strategic partnerships, and mergers and acquisitions to strengthen their market position. Some of the prominent companies in the market include Arjo, HoverTech International, Stryker Corporation, Hill-Rom Holdings, Inc., and Handicare Group AB.

Recent Happenings in the Patient Lateral Transfer Devices Market

- In March 2021, Arjo launched a new air-assisted lateral transfer device with advanced features for patient handling and mobility.

- In July 2021, HoverTech International introduced a range of slide sheets with enhanced ergonomic design and patient comfort features.

- In September 2021, Stryker Corporation announced a strategic partnership with a leading healthcare technology company to integrate their digital platform with patient lateral transfer devices for seamless data integration.