Patient Lateral Transfer Global Market: Key Research Insights, Industry Trends and Growth Opportunities 2033: Arthrex Inc., Getinge AB, Wideblue Ltd., Agiliti Inc , Arjo AB

"The Business Research Company recently released a comprehensive report on the Global Patient Lateral Transfer Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, 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..

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Market Drivers and Trends:

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.

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.

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Major Key Players of the Market:

Stryker Corporation, Baxter International Inc., Medline Industries Inc., Zimmer Biomet Holdings Inc., Smith and Nephew plc., Steris plc., Scan Medical Co Inc., Arthrex Inc., Hill-Rom Holdings Inc., Getinge AB, Wideblue Ltd., Agiliti Inc , Arjo AB, Cantel Medical Corp, Etac AB, Handicare Group AB, AliMed Inc., Prism Medical Inc., EZ Way Inc., HoverTech International, AliMed Inc, Blue Chip Medical Products Inc., Airpal Inc., McAuley Medical Inc., Samarit Medical AG, Patient Positioning Systems LLC, David Scott Company, Haines Medical Australia, WY East Medical Company, GBUK Ltd.

Patient Lateral Transfer Market 2024 Key Insights:

• The patient lateral transfer market is expected to grow to $6.43 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%.
• Rising Hospitalization Rates Driving Patient Lateral Transfer Market Growth
• Innovative Multi-Position Mobile Air Transfer Systems (MATS) Revolutionize Patient Lateral Transfer Market
• North America was the largest region in the patient lateral transfer market in 2023

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