Patient Lateral Transfer Market by Product (Accessories, Air-Assisted Lateral Transfer Mattress, Sliding Sheets), Type (Reusable, Single-Use), End-User, Distribution Channel - Global Forecast 2024-2030

Patient Lateral Transfer Market by Product (Accessories, Air-Assisted Lateral Transfer Mattress, Sliding Sheets), Type (Reusable, Single-Use), End-User, Distribution Channel - Global Forecast 2024-2030

The Patient Lateral Transfer Market size was estimated at USD 688.69 million in 2023 and expected to reach USD 745.71 million in 2024, at a CAGR 8.38% to reach USD 1,210.39 million by 2030.

Patient lateral transfer refers to the technique used by healthcare professionals to move a patient from one horizontal surface to another. Hospitals typically involve transfers such as bed to stretcher, bed to wheelchair, wheelchair to chair, and wheelchair to toilet. In recent years, the healthcare industry has witnessed a surge in the need for patient lateral transfer solutions and equipment due to the rising number of elderly patients and the subsequent increase in chronic diseases. This demographic is typically more prone to various ailments that necessitate hospitalization, often requiring the need for patient transfers during their care regime. Furthermore, technological innovations have led to the creation of products that are safer and more ergonomic for healthcare workers and also offer greater comfort for patients. These devices have incorporated features such as inflatable air chambers, repositioning sheets, and sliding boards. However, concerns associated with mishandling and limited knowledge of transfer equipment among caregivers can subject patients to injury. Additionally, technical constraints and space optimization issues of using patient lateral transfer impede the widespread adoption of the equipment. However, major players have invested in novel product launches such as foldable stretchers, integration of robot-assisted technologies, and the use of IoT devices and sensors, which can help overcome technical barriers.

Regional Insights

In the Americas, predominantly North America, there is a high usage of patient lateral transfer devices due to the well-established healthcare system serving several treatments for elderly and chronic disease patients. Technological advancements and high standards of healthcare majorly propel the growth of the patient lateral transfer market in this region. Recent years have witnessed a spur in the usage of patient lateral transfer in the Asia-Pacific due to improved healthcare standards and increased awareness about patient safety. The production scenario in Asia is emerging, with more local manufacturers entering the market to meet growing demand. The company scenario is moderately competitive, with a mix of international and local businesses in the play. The increasing number of elderly care facilities has accelerated the demand for patient lateral transfer in the region. In Europe, the patient lateral transfer market is advanced and highly regulated. The usage is extensive, considering the well-developed healthcare sector and widespread adoption of technology in patient care. The production landscape is rich with key manufacturers who uphold strict, high-quality European standards.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Patient Lateral Transfer Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Rising elderly patient population and cases of chronic disease treatments
Emphasis on safe patient handling and mobility along with healthcare worker safety
Increasing incidence of cross-hospital patient lateral transfer

Market Restraints

Concerns associated with mishandling and limited knowledge of transfer equipment

Market Opportunities

Advancements in the development of ergonomic patient lateral transfer devices
Expanding adoption of patient lateral transfer in home care settings

Market Challenges

Technical limitations associated with patient lateral transfer

Market Segmentation Analysis

Product: Growing adoption of sliding sheets to ensure comfort for patients
Type: Use of single-use equipment in medical facilities to prevent the risk of infection and contamination
End-User: Exponential adoption of patient lateral transfer systems for proper handling of patients in hospital intensive care units
Distribution Channel: Convenience and cost-effectiveness of attaining patient lateral devices through online channels

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Patient Lateral Transfer Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Patient Lateral Transfer Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Bridge Healthcare Announces New BridgeAir Air-Assisted Lateral Transfer and Repositioning Mattress

Pelstar LLC, McAuley Medical, and Bridge Healthcare have jointly announced the launch of BridgeAir, a Breathable Air-Assisted Lateral Transfer and Repositioning Mattress. This innovative mattress is specifically designed to prioritize the well-being of caregivers, patients, and healthcare organizations with a focus on quality to minimize the lateral transfer force impact on caregivers.

Able Innovations Announces USD 7.5 Million to Take the Pain Out of Patient Transfer

Able Innovations has secured USD 7.5 million CAD in venture capital and grant funding to support the development and rollout of their patient lateral transfer solution ALTA Platform, that automates the patient transfer process. The ALTA platform eases the process of lateral patient transfer allowing it to be completed by just one caregiver.

AliMed’s Air-Assisted Patient Transfer System Drastically Reduces Pull Force for Fewer Injuries

AliMed, Inc. is a reputable medical supply manufacturer and distributor based in Massachusetts have introduced a single-patient use option for their PPS Glide Air-Assisted Lateral Transfer System. This innovative patient transfer device aims to enhance safety and comfort during transfers while minimizing the risk of injuries and infections.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Patient Lateral Transfer Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Patient Lateral Transfer Market, highlighting leading vendors and their innovative profiles. These include Able Innovations Inc., Air-Matt Inc., AliMed, Inc., Arjo by Getinge, Bio – X, Brennan & Co., EBOS Healthcare, Etac AB, EZ Way Inc., GBUK Group Limited, Haines Medical Australia, Handicare by Savaria Corporation, Hillrom by Baxter International, Inc., HoverTech International, Joerns Healthcare, Lateral Medical, Mcauley Medical, Inc. by Pelstar, LLC, Medline Industries, Inc., Patient Positioning Systems, LLC, Samarit Medical AG, Stryker Corporation, and Wy’East Medical Corporation.

Market Segmentation & Coverage

This research report categorizes the Patient Lateral Transfer Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product
Accessories
Air-Assisted Lateral Transfer Mattress
Half Mattress
Regular Mattress
Split-Leg Mattress
Sliding Sheets
Type
Reusable
Single-Use
End-User
Ambulatory Surgical Center
Hospitals
Long-Term Care Units
Distribution Channel
Offline Mode
Online Mode
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year