Patient Lateral Transfer Devices Market to Reach US$ 557.5 Million by 2028, Says Coherent Market Insights

SEATTLE, March 4, 2022 /PRNewswire/ -- According to Coherent Market Insights, the patient lateral transfer devices market expected to be valued at US$ 291.6 Million in 2021 and is expected to exhibit a CAGR of 9.7% over the forecast period (2021-2028).

Key Trends and Analysis of the Global Patient Lateral Transfer Devices Market:

Key trends in the market include the growing number of people with mobility disability and increasing number of geriatric population, as well as rising number of patient hospitalization. For instance, as per the Government of Canada's statistics report, in July 2019, the total number of older population was around 6,592,611 and the proportion of senior population in Canada has increased over time.

For providing patient with hassle-free shifting, hospitals are adopting latest patient transfer devices. These key trends are expected to aid in the patient lateral transfer devices market growth.

Moreover, companies are trying to improve their production volume and deliver the products with reduce lead time. For instance, In June 2020, Handicare established its stairlift production facility in the U.S.

Furthermore, key players operating in the global patient lateral transfer devices market are focusing on the adoption of inorganic growth strategies such as acquisitions, mergers, partnerships, and collaborations to strengthen their presence in the global market. For instance, in 2016, Stryker Corporation acquired Sage Products, LLC.  To enhance its product portfolio.

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Key Market Takeaways:

The global patient lateral transfer devices market is expected to exhibit a CAGR of 9.7% over the forecast period, owing to an increase in hospitalization and the number of surgeries. According to the Center of Orthopedic & Neurosurgical Care & Research, by 2030, in U.S total knee replacement surgeries are projected to grow 673% to 3.5 procedures per year and approximately 85% of knee replacement will last for 20 years.

Among product type, air-assisted transfer mattress accounted for the largest market share in 2021, owing to an increase in the cases of the COVID-19. According to the Italian Institute of Health, from November 2020 to February 2021 19,743 patients were hospitalized in Italy due to the COVID-19.

Key players operating in the global patient lateral transfer devices market include Stryker Corporation, Hill-Rom Holdings Inc., Arjo,  Handicare AB, Etac AB, Sizewise, McAuley Medical Inc., Medline Industries Inc., Samarit Medical AG, Blue Chip Medical, Haines Medical Australia, Scan Medical Co Inc., Wy'East Medical, GBUK Banana, AliMed Inc., Cantel Medical Corporation, EZ Way Inc., and Patient Positioning Systems LLC.

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Detailed Segmentation:

Global Patient Lateral Transfer Devices Market, By Product Type:

• Air-assisted Transfer Mattress
• Regular Air-assisted Patient Lateral Transfer Mattresses
• Split-leg Air-assisted Patient Lateral Transfer Mattresses
• Half Air-assisted Patient Lateral Transfer Mattresses
• Reusable Air-assisted Patient Lateral Transfer Mattresses
• Disposable Air-assisted Patient Lateral Transfer Mattresses
• Slide Sheets
• Transfer Accessories

Global Patient Lateral Transfer Devices Market, By Usage:

• Reusable Patient Lateral Transfer Products
• Single-use Patient Lateral Transfer Products

Global Patient Lateral Transfer Devices Market, By End User:

• Hospital
• Ambulatory Surgical Centers
• Others

Global Patient Lateral Transfer Devices Market, By Region:

• North America
• By Country:
• U.S.
• Canada
• Europe
• By Country:
• U.K.
• Germany
• Italy
• France
• Spain
• Russia
• Rest of Europe
• Asia Pacific
• By Country:
• China
• India
• Japan
• ASEAN
• Australia
• South Korea
• Rest of Asia Pacific
• Latin America
• By Country:
• Brazil
• Mexico
• Argentina
• Rest of Latin America
• Middle East & Africa
• By Country:
• GCC Countries
• Israel
• South Africa
• Rest of Middle East & Africa

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About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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SOURCE Coherent Market Insights