Patient Lateral Transfer Market Forecast, Trend Analysis & Competition Tracking – Global Market insights 2017 to 2022

Published on : Oct-2017 | List of Tables : 140 | List of Figures : 42 | No. of Pages : 170 | Report Code : FACT298MR |

The patient lateral transfer is to move patients between two surfaces such as transferring patient from bed to stretcher, from stretcher to bed, from bed to wheelchair, etc. However, physically transferring a patient poses a high risk for both the patient and the caregiver. For caregivers, it can lead to Musculoskeletal Disorders (MSDs). Hence, there are various products available to perform lateral transfer of patients easily such as draw sheets, slide sheets, transfer belts, transfer/slide boards, turning disks, etc. These products can be used according to the condition of the patient.

To avoid any injuries and risk to both the caregivers and patients, hospitals have started using patient lateral transfer devices or products. Manufacturers of these lateral transfer products are also focusing on designing the products that can provide better transfer assistance to the patient and at the same time minimize the efforts by caregivers. With technological advancements, major market players have also started developing automated devices that can move the patient without any manual assistance providing the patient transfer. However, the cost of these patient transfer devices is the biggest concern.

Global Patient Lateral Transfer Market.jpg

According to the latest report compiled by Fact.MR, the global market for patient lateral transfer is likely to experience healthy growth. The market is estimated to bring in US$ 288.4 million revenue by 2022 end. The rising risk of injuries to the caregivers while handling patients, implementation of rules and regulations on minimizing manual patient handling at various hospitals are major factors driving the demand for patient lateral transfer devices across the globe.

Market Taxonomy

Product Type

Usage Type

Air Assisted Transfer Device

Single Patient Use

Slide Sheets

Reusable

Transfer Accessories

 

(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)

Air Assisted Transfer Device to Emerge as a Highly Preferred Product

Among various patient lateral transfer devices available in the market, air assisted transfer device is likely to be one of the top selling product in the global patient lateral transfer market. Towards the end of 2022, air assisted transfer device is estimated to bring in nearly US$ 200 million revenue. Although slide sheets as a product for patient lateral transfer are likely to show impressive growth throughout the forecast period.

Reusable Patient Lateral Transfer Products to Gain Highest Revenue Share

Reusable patient lateral transfer products are likely to gain more than three-fourth of the revenue share by 2017 end. Reusable patient lateral transfer products are estimated to bring in more than US$ 200 million revenue towards 2022 end. Meanwhile, single patient use products are likely to experience strong growth from 2017 to 2022.

North America to Dominate the Global Patient Lateral Transfer Market

With the rise in a number of caregivers suffering from Musculoskeletal Disorders (MSDs), the majority of hospitals in North America have started using various patient lateral transfer products, making it easy to transfer patients. Hence, North America patient lateral transfer market is likely to emerge as the biggest markets in the global patient lateral transfer market. On the other hand, APEJ and Europe are also likely to witness the growth throughout the forecast period.

Competition Tracking

The report also provides a detailed profile of key players that are expected to play a major role in the expansion of global patient lateral transfer market through 2022, which include Airpal, Inc., Getinge AB, Stryker Corporation, Medline Industries, Inc., McAuley Medical, Inc., Sizewise Rentals, LLC, EZ Way, Inc., Alimed Inc., Hill-Rom Holdings, Inc., and Blue Chip Medical Products, Inc.

NoteThe insights mentioned here are of the respective analysts, and do not reflect the position of Fact.MR

Performing or carrying out patient lateral transfer is one of the most overlooked activity, however, with the rising number of injuries taking place during transfer is resulting in the increased focus on the patient lateral transfer. Manufacturers are also providing various devices for safe patient handling during the transfer reducing the risk of injury. The devices or products for transfer are also being made using materials that are easy to clean and can be disinfected properly. This Fact.MR report analyzes the expansion of global patient lateral transfer market till date, and provides key insights on the growth of the market during the forecast period, 2017-2022.

Scope

The scope of Fact.MR’s report is to analyze the global patient lateral transfer market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Medical device manufacturers, research institutes, and raw material suppliers in the global patient lateral transfer market can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and medical journals pertaining to patient lateral transfer.

Summary

The report commences with a brief information of the global patient lateral transfer market. This executive summary sets the tone for the rest of the report, providing users the scope of the report. The executive summary includes important facts and statistics on the global patient lateral transfer market.

Overview

The next section offers an overview of the global patient lateral transfer market. This comprises an introduction to the market, along with a standard definition of the product – patient lateral transfer. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.

The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.

In order to offer readers with up-to-date information about the latest advancements in the global patient lateral transfer market, the report provides updates about market opportunities, which can benefit leading manufacturers of patient lateral transfer. With continuous evolution of the healthcare sector, keeping a record of latest developments and trends is fundamental for patient lateral transfer manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, regulatory approvals, pricing analysis, list of distributors, and cost structure are provided in this section.

Considering the wide scope of the global patient lateral transfer market, the report offers in-depth and segment-wise analysis and forecast. The global market for patient lateral transfer is segmented on the basis of product type, usage type, and region. This segmentation also provides country-wise forecast on all the key parameters.

The report’s last section comprises of the global patient lateral transfer market competitive landscape, to provide readers with the dashboard view of company analysis and market players. This competitive intelligence is based on the providers’ categories across value chain, and their presence in the global patient lateral transfer market.

Research Methodology

Fact.MR is committed to offer unbiased and independent market research solutions to its clients. Each market report of Fact.MR is compiled after months of exhaustive research. We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,

  • Primary research
  • Secondary research
  • Trade research
  • Focused interviews
  • Social media analysis

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Patient Lateral Transfer Market Forecast, Trend Analysis & Competition Tracking – Global Market insights 2017 to 2022