Categories: Market Research

Patient Lateral Transfer Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The Patient Lateral Transfer Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Patient Lateral Transfer Global Market Report 2024, The patient lateral transfer market size has grown strongly in recent years. It will grow from $4.09 billion in 2023 to $4.49 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to focus on healthcare worker safety, growing aging population, rise in healthcare expenditure, increasing incidence of chronic diseases, focus on reducing hospital-acquired infections, patient-centric healthcare approach..

The patient lateral transfer market size is expected to see strong growth in the next few years. It will grow to $6.43 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to rising demand for bariatric transfer solutions, focus on home healthcare, global aging population continues to grow, expansion of ambulatory care services, collaboration for product innovation.. Major trends in the forecast period include integration of sensor technologies, development of bariatric transfer solutions, adoption of air-assisted transfer systems, emphasis on ergonomics and staff safety, customization for different healthcare settings..

The increasing hospitalization rate is expected to propel the growth of the patient lateral transfer market going forward. The rising hospitalization rate refers to the growing number of people admitted to hospitals for medical treatment. Lateral transfer is used for patients in hospitals to change the patient’s position, provide care, and assess the patient’s condition. For instance, in September 2022, according to the National Health Service of England, in 2020-2021, the number of finished admission episodes (FAEs) was 12,813,120, which increased to 15,979,490 in 2021-2022. This is an increase of 24.7% in 2020-21. Therefore, the increase in hospitalization is driving the growth of the patient lateral transfer market.

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The patient lateral transfer market covered in this report is segmented –

1) By Products: Air-Assisted Lateral Transfer Mattress, Sliding Sheets, Accessories

2) By Usage Type: Single Patient Use, Reusable

3) By End-User: Hospital, Ambulatory Surgical Center, Other End-Users

Major companies operating in the patient lateral transfer market are developing innovative products such as mobile air transfer systems (MATS) to assist staff in properly tilting and transferring patients. Mobile Air Transfer Systems (MATS) are medical devices that use air cushions to help laterally transfer patients. For instance, in March 2022, Sage Products LLC, a US-based manufacturer of healthcare products, launched an innovative multi-position mobile air transfer system (MATS) to help transfer patients. Multi-Position MATS is an innovative patient transfer device designed to make moving patients from one position to another easier and safer. The Multi-Position MATS binds the patient to the OR table and includes a one-of-a-kind, skin-friendly foam cushion that redistributes pressure and is easily removed after surgery. The integrated arm wraps’ novel design reduces the danger of nerve injury by shielding the patient’s arms and keeping the arms adducted throughout the surgery.

The patient lateral transfer market report table of contents includes: