Patient lateral transfer devices are equipment used for transferring non-ambulatory patients from one surface to another smoothly and safely. These devices help maintain spine and body alignment while transferring and significantly lower the risk of injuries to caregivers during the transfer process.

The global patient lateral transfer devices market is estimated to be valued at US$ 350.91 Mn in 2023 and is expected to exhibit a CAGR of 9.7% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
One of the key trends driving the growth of the patient lateral transfer devices market is the increasing chronic disease patient population globally. Chronic diseases such as heart disease, cancer, diabetes, obesity and respiratory diseases are on rise. As per WHO, chronic diseases are estimated to account for approximately 60% of all deaths globally. Chronic disease patients often require long-term care and assistance for daily tasks like transfers which increases the demand for patient lateral transfer devices for safe transfers. Caregivers frequently use these devices to prevent injuries as chronic disease patients lose mobility gradually. Hence, growing prevalence of chronic conditions worldwide is contributing significantly to the adoption of patient lateral transfer devices.
 

Segment Analysis
The global patient lateral transfer devices market is dominated by air-assisted lateral transfer mattresses segment. These mattresses help nursing staff safely move patients from one surface to another with minimal effort through an air-powered design. They prevent injuries to caregivers by reducing the amount of force needed to move patients. Several air-assisted mattresses are lightweight and portable, further driving their adoption rate in healthcare facilities.

Key Takeaways
The Global Patient Lateral Transfer Devices Market Growth is expected to witness high growth over the forecast period of 2023 to 2030. The market size was valued at US$ 350.91 Mn in 2023 and is projected to reach over US$ 700 Mn by 2030, rising at a CAGR of 9.7%.

Regional analysis
North America currently dominates the global market. This can be attributed to rising elderly population, growing prevalence of chronic diseases, and increased healthcare spending in the region. Availability of advanced healthcare infrastructure and favorable reimbursement policies have also supported market growth. However, Asia Pacific is likely to emerge as the fastest growing regional market owing to improving access to healthcare and rising healthcare expenditures in developing countries such as China and India.

Key players
Key players operating in the patient lateral transfer devices market are 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. Stryker Corporation and Hill-Rom Holdings Inc. dominate the global market due to their wide product portfolios and strong geographical presence across major markets.

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