The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The patient lateral transfer market has experienced significant growth recently and is poised for continued expansion. This blog examines market dynamics, growth drivers, major trends, and key players shaping the industry.

Market Size and Growth
Recent Growth

• Current Market Size: The patient lateral transfer market grew from $4.09 billion in 2023 to $4.49 billion in 2024.
• Growth Rate: This represents a compound annual growth rate (CAGR) of 9.8%.

Forecasted Expansion

• Future Market Size: Expected to reach $6.43 billion by 2028.
• Growth Rate: The anticipated CAGR from 2024 to 2028 is 9.4%.

Drivers of Growth
Rising Hospitalization Rates

• Increased Admissions: Growing number of hospital admissions worldwide necessitates efficient patient-handling solutions.
• Example: A significant rise in hospital admissions reported by the National Health Service of England underscores the need for effective lateral transfer systems.

Aging Population and Healthcare Expenditure

• Demographic Shift: Aging global population requires specialized care and equipment.
• Healthcare Spending: Increased expenditure on healthcare infrastructure supports demand for patient transfer technologies.

Focus on Reducing Hospital-Acquired Infections

• Infection Control: Emphasis on minimizing cross-contamination and enhancing patient safety.
• Technological Solutions: Adoption of advanced transfer systems to mitigate infection risks.

Patient-Centric Healthcare Approach

• Quality Care: Shift towards personalized patient care drives innovation in patient handling equipment.
• Enhanced Comfort: Solutions designed to improve patient comfort and care outcomes.

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Major Trends in the Forecast Period
Integration of Sensor Technologies

• Smart Devices: Incorporation of sensors for real-time monitoring and feedback during patient transfers.
• Data Insights: Sensor data used to optimize transfer processes and enhance safety.

Development of Bariatric Transfer Solutions

• Specialized Equipment: Increasing demand for solutions tailored to bariatric patients’ needs.
• Enhanced Capacity: Innovations in weight-bearing and stability for safe handling.

Adoption of Air-Assisted Transfer Systems

• Efficient Transfer: Air-based systems for smooth and ergonomic patient transfers.
• Reduced Physical Strain: Minimization of manual lifting risks for healthcare workers.

Emphasis on Ergonomics and Staff Safety

• Workplace Safety: Designing equipment to prevent injuries and strains among healthcare staff.
• Training and Guidelines: Implementation of ergonomic practices for safe patient handling.

Customization for Different Healthcare Settings

• Versatility: Equipment tailored to diverse healthcare environments, from hospitals to home care.
• Adaptability: Solutions that meet specific operational needs and patient requirements.

Major Players in the Market
Leading Companies

• Stryker Corporation
• Baxter International Inc.
• Medline Industries Inc.
• Zimmer Biomet Holdings Inc.
• Smith and Nephew plc.
• Steris plc.
• Scan Medical Co Inc.

Strategic Initiatives

• Innovative Products: Companies like Sage Products LLC developing multi-position mobile air transfer systems for enhanced patient care.
• Acquisitions: Agiliti Inc.’s acquisition of Sizewise Rentals LLC to expand product offerings and clinical expertise.

Market Segmentation
By Products

• Air-Assisted Lateral Transfer Mattress
• Sliding Sheets
• Accessories

By Usage Type

• Single Patient Use
• Reusable

By End-User

• Hospital
• Ambulatory Surgical Center
• Other End-Users

Regional Insights
North America

• Market Leadership: North America led the patient lateral transfer market in 2023.
• Future Outlook: Expected to maintain significant growth due to advanced healthcare infrastructure and rising demand.

Conclusion
The patient lateral transfer market is expanding rapidly driven by increasing hospitalization rates, aging demographics, and advancements in healthcare technology. With a focus on patient safety, infection control, and ergonomic solutions, stakeholders are innovating to meet evolving healthcare needs. As the industry embraces digital transformation and specialized equipment, the market is set to grow substantially, offering enhanced care solutions across various healthcare settings globally. Continuous advancements and strategic partnerships will play pivotal roles in shaping the future landscape of patient lateral transfer solutions.

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