Global Patient Lateral Transfer Market Set for Dynamic Growth, Poised to Exceed USD 2 Billion by 2030

The global patient lateral transfer market is experiencing a significant surge, with recent research predicting a robust Compound Annual Growth Rate (CAGR) of 9.2%. By 2030, the market is expected to surpass USD 2 billion, a substantial increase from its 2022 valuation of USD 995.8 million.

This impressive growth highlights the critical role of patient lateral transfer solutions in modern healthcare, which currently hold a 28.8% share in the global patient positioning accessories market. One of the primary drivers behind this expansion is the growing concern over musculoskeletal injuries sustained by caregivers during manual patient handling. The increasing awareness of these risks has prompted healthcare facilities to prioritize advanced patient lateral transfer equipment, significantly contributing to market expansion.

In response to this demand, healthcare providers are focusing on ergonomic solutions that enhance safety and efficiency in patient handling. As a result, the adoption of patient lateral transfer technologies is accelerating, addressing urgent needs in patient care and helping to reduce injuries among healthcare workers.

FMI commented on this trend, stating, “The escalating demand for patient safety and caregiver well-being has propelled the adoption of patient lateral transfer solutions. As healthcare facilities prioritize ergonomic solutions to enhance operational efficiency and reduce injury risks, the patient lateral transfer market is poised for remarkable growth.”

This surge in demand signals a broader shift towards innovative healthcare solutions designed to optimize patient handling practices globally. As the market continues to evolve, stakeholders across the healthcare sector are encouraged to stay informed of these transformative developments.

With the patient lateral transfer market on a dynamic growth trajectory, the future of patient care is set to reach new heights, improving outcomes for both patients and healthcare providers alike.

Key Takeaways: Patient Lateral Transfer Market by 2022 to 2030

• The global patient lateral transfer market is expected to grow significantly, with estimates ranging from a CAGR of 9.2% by 2030. This translates to a market size exceeding USD 2 billion by the end of the decade.
• Rising awareness of patient safety and the need to reduce caregiver injuries from manual transfers are key drivers of this growth.
• Air-assisted transfer devices are expected to remain the dominant product segment due to their efficiency and ease of use.
• The Asia-Pacific region is projected to witness the fastest growth due to factors like increasing healthcare infrastructure development and growing adoption of advanced medical technologies.
• An aging population and rising healthcare expenditure globally are also contributing to the market expansion.

Competitive Landscape:

In the realm of patient lateral transfer, numerous prominent contenders vie for dominance alongside both international giants and well-established local enterprises. Leading firms in this sector continually innovate, introducing novel products and technologies to vie with established offerings, while also engaging in acquisitions and partnerships with other industry frontrunners.

The Centers for Medicare and Medicaid Services (CMS) have initiated measures to encourage healthcare providers who demonstrate cost-saving in hospitalizations. CMS is championing the inclusion of nursing homes and home healthcare in this initiative, recognizing their ability to deliver superior care at more affordable rates compared to hospitalization expenses.

Increased Market Attention: Delve into Detailed Trends and Analysis with Our Report!

Key Companies Profiled:

• 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
• Prism Medical

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

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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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