Patient lateral transfer devices are medical equipment utilized for the safe transfer of patients between different surfaces like beds, stretchers, wheelchairs and operating tables. They offer efficient transfer of patients while minimizing risks of falls and injuries to both patients and caregivers. The growing concerns over patient and nurse safety during transfers as well as risk of musculoskeletal injuries have increased demand for these devices across hospitals and elderly care facilities.
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 10% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the major trends contributing to the growth of Global Patient Lateral Transfer Devices Market Size is growing geriatric population and associated rise in health issues globally. As per United Nations report, the proportion of world population aged 60 years and older is expected to nearly double from 12% to 22% between 2015 and 2050. The elderly people are more prone to injuries during transfer thus increasing demand for safe patient handling devices from this patient segment. Further, growing patient volumes in hospitals along with implementation of various regulatory guidelines mandating the use of lateral transfer devices for safety also supports the market growth over the forecast period. Technological advancements with products offering reduced caregiver effort and enhanced ergonomics will further provide new opportunities in coming years.
Segment Analysis
These mattresses allow gliding patients across bed and stretcher surface with minimal friction, reducing risks of skin tears and shearing injuries. Healthcare facilities are increasingly adopting air assisted lateral transfer mattresses as they offer greater patient safety, protection, comfort and convenience during transportation within medical setups.
Key Takeaways
The global patient lateral transfer devices market is expected to witness high growth over the forecast period of 2023 to 2030. The market is projected to reach a value of US$ 594.6 Mn by 2030.
Regional analysis: North America is currently the dominant region in the global patient lateral transfer devices market. Higher awareness about patient safety and availability of advanced healthcare infrastructure are driving regional market growth. Moreover, presence of key players and growing geriatric population prone to injuries during transfer are further augmenting the North America patient lateral transfer devices market. The region is estimated to hold around 40% share of the overall market by 2030.
Key players operating in the patient lateral transfer devices market are Cynosure, Lumenis, Syneron Medical, Lynton Lasers, EL.En. S.p.A., Fotona, Cutera, Strata Skin Sciences, Lutronic Corporation, Sciton, Alma Lasers, Venus Concepts, Asclepion Laser Technologies, Laseroptek, Quanta System, SharpLight Technologies, Aerolase, HONKON, LISA Laser Products, MeDioStar. Among these, Cynosure, Lumenis and Syneron Medical currently dominate the market due to their large product portfolios and global sales network.
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