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  • Published In : May 2024
  • Code : CMI3840
  • Pages :154
  • Formats :
      Excel and PDF
  • Industry : Medical Devices

Market Size and Trends

Global patient lateral transfer devices market is estimated to be valued at USD 379.5 Mn in 2024 and is expected to reach USD 748.4 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 10.2% from 2024 to 2031.

Patient Lateral Transfer Devices Market Key Factors

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The global patient lateral transfer devices market is witnessing positive trends with growing geriatric population being more susceptible to chronic illnesses and injuries requiring long term care. This is increasing the demand for patient transfers from beds, wheelchairs, or imaging tables safely and efficiently. Furthermore, the implementation of regulations by various countries emphasizing on ergonomic safety of caregivers during manual patient handling is promoting the adoption of lateral transfer devices. However, high costs of equipped transfers and limited reimbursements in some regions may hinder the market growth to a certain extent over the forecast period.

Increasing Product launches by Key Market Players

Increasing product launches by key market players are expected to drive the market growth over the forecast period. For instance, in September 2023, Pelstar LLC, a manufacturer of medical devices, announced the launch of BridgeAir, a new Breathable air-assisted lateral transfer and repositioning mattress. Bridge Healthcare’s BridgeAir was designed to prioritize the well-being of caregivers, patients, and healthcare organizations.

Rising Geriatric Population

The global geriatric population is growing at an unprecedented rate. According to the World Health Organization (WHO), the number of people aged 65 years and above is projected to grow from an estimated 524 million in 2010 to nearly 1.5 billion in 2050. As people age, their risk of developing chronic illnesses and disabilities increases dramatically. Falls are one of the leading causes of injury among the elderly and often result in fractures, head injuries, or other serious physical trauma. Patient lateral transfer devices play a crucial role in facilitating the safe movement and transportation of geriatric patients, especially those recovering from injury or surgery. These devices help caregivers transfer patients between beds, wheelchairs, stretchers, and other surfaces without requiring strenuous lifting or excessive physical exertion. With increasing longevity worldwide, the geriatric population will continue expanding in the coming decades.

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