Patient Lateral Transfer Devices Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 8.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Patient Lateral Transfer Devices Market Analysis
The patient lateral transfer devices market is expected to register a CAGR of 8.5% over the forecast period.
Due to the COVID-19 public health emergency, the demand for patient lateral transfer devices had slightly decreased due to the decrease in the number of surgical procedures. On the other hand, emerging complications with the SARS-CoV-2 virus have increased surgical complications post covid era, ultimately increasing the total number of surgeries performed within the countries. For instance, as per the article published in PubMed Central in December 2021, patients may develop severe pulmonary complications following the resolution of COVID-19, which can continue for months and influence the quality of life, I.C.U. hospitalization, or even death. Thus, the growing need for hospitalization will, in turn, propel patient lateral transfer devices across healthcare settings, thereby impelling market growth over the coming years.
The major factors contributing to the growth of the patient lateral transfer devices market are the increasing geriatric population and the rising burden of chronic diseases. According to the data from World Population Prospects 2022, the share of the global population aged 65 years or above is projected to rise from 10% in 2022 to 16% in 2050. By 2050, the number of persons aged 65 years or over worldwide is projected to be more than twice the number of children under age 5 and about the same as the number of children under age 12. Thus, the aging population is more prone to various chronic diseases which are expected to increase the demand for patient lateral transfer devices over the forecast period.
Therefore, the demographic trends pertaining to the aging population and the rising incidences of chronic diseases have led to the longer stay of patients in hospitals, which may increase the demand for patient lateral transfer devices over the forecast period, as they help transfer patients from their beds for any urgent medical purposes. According to the WHO data updated in July 2022, musculoskeletal diseases (MSD) are the main cause of disability globally, that affected 1.71 billion people globally in 2021. Thus, the burden of MSD globally is expected to drive demand for orthopedic splints, contributing to the overall market growth.
Moreover, the growing number of surgical procedures further leads to longer stays in hospitals, which is also a major factor driving the demand for patient lateral transfer devices. For instance, as per the American Health Association, in 2022, operating rooms resumed their activities and observed an upsurge in medical health treatments and surgeries, leading to only a 10% lower rate of surgery in comparison to the previous years.
However, the lack of a skilled workforce for handling the transfer of patients is one of the key factors hampering the growth of the market.
Patient Lateral Transfer Devices Market Trends
The Hospitals Segment is Expected to Hold Significant Market Share over the Forecast Period
Hospitals are well equipped with advanced technological equipment for patient handling and management. The expanding healthcare infrastructure in emerging economies and the support from government organizations are also helping the growth of the segment of the patient lateral transfer devices market.
The hospital segment has dominated the overall patient lateral transfer devices market, owing to the growing number of people suffering from mobility disabilities and the increasing geriatric population, coupled with the surging number of hospital admissions. For instance, according to the National Health Service (NHS) data updated in September 2022, there were under 16 million admissions to hospitals in 2021 and 2022, a slight increase compared to the previous year.
According to the National Library of Medicine data updated for spinal cord injuries in August 2021, motor vehicle collisions account for 38% of new SCI each year, 30% of SCI are due to falls, 13% are due to violence, 9% from sports injuries, and 5% from medical and surgical etiologies in the United States. Additionally, as per the source mentioned above, there are approximately 17,000 new cases of SCI each year, and roughly 282,000 people are estimated to be living with SCI in the United States. Hence, the high burden of SCI in countries across the globe is anticipated to drive the demand for patient lateral transfer devices. Therefore, it is poised to drive segment growth.
Also, the steep rise in the volume of hospitals and increasing hospital admissions drives higher demand for healthcare facilities management, thereby boosting the studied market growth. The American Hospital Association (AHA) statistics published in 2022 show that the total number of active hospitals in the United States is around 6,093.
North America Dominates the Patient Lateral Transfer Devices Market
The major factors driving the growth of the market are the rising prevalence of various musculoskeletal conditions and the presence of better healthcare infrastructure, as compared to most developed countries.
According to the CDC's August 2021 updated statistics, 6 in 10 adults in the United States have at least one chronic disease, and 4 in 10 adults in the United States have two or more chronic diseases. As per the same report, heart disease, cancer, chronic lung disease, stroke, Alzheimer's disease, diabetes, and chronic kidney disease result in annual healthcare costs of around USD 3.8 trillion in the US healthcare system.
There is a growing trend in the prevalence of obesity and overweight across the region, which has further increased over the last three decades. People who are obese and overweight are likely to be affected by major chronic illnesses that require admission to a healthcare facility when the condition worsens. This factor is likely to increase the demand for patient lateral transfer devices, as it is difficult to transport them manually. Statistics of the CDC updates from July 2021, showed a significant increase in the prevalence of obesity among adults aged 20 years and over in the United States. The prevalence rate of obesity increased from 37.7% to 42.4%, and the prevalence of severe obesity increased from 7.7% to 9.2% in the United States. Thus, owing to the factors mentioned above, the market is expected to witness high growth over the forecast period in North America.
Patient Lateral Transfer Devices Industry Overview
The patient lateral transfer devices market is moderately competitive, and there are several global companies that are operating in the market. The major players in the market are Stryker Corporation, Arjohuntleigh, Blue Chip Medical, Cantel Medical Corporation, and Hill-Rom Holdings Inc., among others. Furthermore, in emerging regions, many companies are competing with global players. Moreover, key players are developing and launching novel products and technologies to compete with existing products, while others are acquiring and partnering with other companies trending in the market. For instance, in July 2019, Sweden-based Etac AB acquired the US-based air-assisted patient-handling technology company, Hover Tech, to strengthen its global footprint.
Patient Lateral Transfer Devices Market Leaders
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Stryker Corporation
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Haines Medical Australia
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ARJO
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HILL-ROM HOLDINGS INC.
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McAuley Medical Inc.
*Disclaimer: Major Players sorted in no particular order
Patient Lateral Transfer Devices Market News
- In December 2020, Arjo acquired Airpal, a US-based patient transfer product-focused company. This acquisition strengthened Arjo's position in the market.
- In June 2020, Handicare established its stairlift production facility in the United States. The new production facility helps the company reduce lead times and provides a competitive advantage in the United States. Furthermore, in 2020, the company divested its patient-handling products to Direct Healthcare Group outside the United States.
Patient Lateral Transfer Devices Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Burden of Chronic Diseases and Increasing Hospital Stays
4.2.2 Increasing Adoption of Home Healthcare Services
4.3 Market Restraints
4.3.1 Lack of Trained Workforce for Patient Handling
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Bargaining Power of Buyers/Consumers
4.4.2 Bargaining Power of Suppliers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Product Type
5.1.1 Air-assisted Transfer Mattress
5.1.2 Slide Sheets
5.1.3 Lateral Transfer Accessories
5.2 By Usage
5.2.1 Reusable
5.2.2 Disposable
5.3 By End User
5.3.1 Hospitals
5.3.2 Ambulatory Surgical Centers
5.3.3 Other End Users
5.4 By Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Italy
5.4.2.5 Spain
5.4.2.6 Rest of Europe
5.4.3 Asia Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Australia
5.4.3.5 South Korea
5.4.3.6 Rest of Asia Pacific
5.4.4 Rest of the World
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Arjo
6.1.2 AliMed Inc.
6.1.3 Blue Chip Medical
6.1.4 Cantel Medical Corporation
6.1.5 Etac AB
6.1.6 EZ Way Inc.
6.1.7 Haines Medical Australia
6.1.8 Handicare AB
6.1.9 Hill-Rom Holdings Inc.
6.1.10 McAuley Medical Inc
6.1.11 Medline Industries Inc.
6.1.12 Patient Positioning Systems LLC
6.1.13 Stryker Corporation
6.1.14 Wy'East Medical
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Patient Lateral Transfer Devices Industry Segmentation
As per the scope, patient lateral transfer devices are used for the transposition of a patient with minimal stress on the care provider. The diminishing level of friction in lateral transfers of patients aids in increasing the comfort of both patients and healthcare workers. The market report also covers the estimated market sizes and trends pertaining to 17 different countries across major regions, globally. The market is segmented by product type (air-assisted transfer mattresses, slide sheets, and lateral transfer accessories), usage (reusable and disposable), end user (hospitals, ambulatory surgical centers, and other end users), and geography (North America, Europe, Asia Pacific, and Rest of the World). The report offers values (in USD million) for the above segments. The market report also covers the estimated market sizes and trends pertaining to 17 different countries across major regions, globally.
| By Product Type | |
| Air-assisted Transfer Mattress | |
| Slide Sheets | |
| Lateral Transfer Accessories |
| By Usage | |
| Reusable | |
| Disposable |
| By End User | |
| Hospitals | |
| Ambulatory Surgical Centers | |
| Other End Users |
| By Geography | ||||||||
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| Rest of the World |
Patient Lateral Transfer Devices Market Research FAQs
What is the current Global Patient Lateral Transfer Devices Market size?
The Global Patient Lateral Transfer Devices Market is projected to register a CAGR of 8.5% during the forecast period (2024-2029)
Who are the key players in Global Patient Lateral Transfer Devices Market?
Stryker Corporation, Haines Medical Australia, ARJO, HILL-ROM HOLDINGS INC. and McAuley Medical Inc. are the major companies operating in the Global Patient Lateral Transfer Devices Market.
Which is the fastest growing region in Global Patient Lateral Transfer Devices Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Global Patient Lateral Transfer Devices Market?
In 2024, the North America accounts for the largest market share in Global Patient Lateral Transfer Devices Market.
What years does this Global Patient Lateral Transfer Devices Market cover?
The report covers the Global Patient Lateral Transfer Devices Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Patient Lateral Transfer Devices Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Patient Lateral Transfer Industry Report
Statistics for the 2024 Patient Lateral Transfer market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Patient Lateral Transfer analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
