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

Patient Lateral Transfer Market Size & CAGR in 2021

The global patient lateral transfer market is expected to have a growth rate of 5.2% CAGR from 2021 to 2028. As a result, the market is anticipated to reach a value of USD 1.5 billion by the end of 2028. The increasing demand for patient transfer equipment and systems in healthcare facilities due to the rising number of patients with mobility issues is a key factor driving market growth.

COVID-19 Impact on the Patient Lateral Transfer Market

The COVID-19 pandemic has significantly impacted the patient lateral transfer market. Healthcare facilities worldwide have been under immense pressure to provide safe and efficient patient transfer solutions while adhering to strict infection control measures. This has led to an increased demand for innovative transfer equipment that minimizes the risk of cross-contamination and ensures the safety of both patients and healthcare workers.

Patient Lateral Transfer Dynamics

The patient lateral transfer market is driven by factors such as the growing prevalence of chronic diseases, an aging population, and the increasing number of patients with limited mobility. Technological advancements in patient transfer equipment, such as electric lateral transfer systems and air-assisted transfer devices, are also contributing to market growth. However, high costs associated with advanced transfer systems and the need for training healthcare professionals to use these systems effectively are key challenges facing the market.

Segments and Related Analysis

The patient lateral transfer market can be segmented based on product type, end user, and region. Product types include sliding sheets, air-assisted transfer devices, sliding boards, and others. End users of patient lateral transfer equipment include hospitals, ambulatory surgical centers, long-term care facilities, and others. Regionally, North America currently dominates the global patient lateral transfer market, followed by Europe and Asia Pacific.

By Region Analysis

North America leads the patient lateral transfer market due to the presence of well-established healthcare infrastructure, increasing healthcare expenditure, and a growing emphasis on patient safety. Europe follows closely behind, with countries like Germany and the UK driving market growth. In Asia Pacific, countries like China and India are witnessing rapid growth in the patient lateral transfer market due to improving healthcare facilities and rising awareness about patient safety.

Key Market Players and Competitive Landscape

Key players in the patient lateral transfer market include Stryker Corporation, Arjo, Hill-Rom Holdings, Inc., EZ Way, Inc., and HoverTech International. These companies are focusing on developing innovative patient transfer solutions to meet the evolving needs of healthcare facilities. Mergers, acquisitions, and partnerships are common strategies employed by market players to enhance their market presence and expand their product portfolios.

Recent Happenings in the Patient Lateral Transfer Market

In recent years, the patient lateral transfer market has witnessed several significant developments. For example, Stryker Corporation introduced a new air-assisted lateral transfer system that reduces the risk of patient and caregiver injuries during transfers. Arjo launched a cutting-edge sliding sheet with advanced ergonomic features to improve patient comfort and safety. These innovations are indicative of the ongoing efforts within the industry to enhance patient transfer efficiency and safety.