Research Nester published a report titled “Patient Lateral Transfer Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global patient lateral transfer market in terms of market segmentation by product, usage, end user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global patient lateral transfer market is anticipated to grow with a CAGR of ~9% during the forecast period, i.e., 2022-2031. The market is segmented by end user into hospitals, ambulatory surgical centers, and others. Out of these, the hospital segment is anticipated to garner the largest revenue by the end of 2031. In addition to the usage of the product in hospitals and the popularity of lateral patient transfers within healthcare units in order to ensure safety and security for patients and healthcare workers, the segment growth is anticipated to grow during the forecast period.
The global patient lateral transfer market is estimated to garner revenue of USD 2 Billion by the end of 2031, up from revenue of USD 955 Million in the year 2021. Increasing health care spending, increasing incidence of obesity and musculoskeletal disorders (MSDs), a rise in work-related injuries along with Growing Disability Worldwide are some of the major factors anticipated to drive the growth of the market during the forecast period.
Geographically, the global patient lateral transfer market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of these, the market in North America is projected to garner the largest revenue by the end of 2031. Growing number of government initiatives, expanded research and development activities, medical tourism, active players in the market, and well-developed healthcare delivery systems are projected to fuel the patient lateral transfer market in North America during the forecast period.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Growing Obesity Rates Globally to Drive the Market Growth
Worldwide, obesity rates have nearly tripled in 30 years. Globally, over 2.1 billion adults (40% of the population) were overweight in 2020. There were more than 590 million obese people among them.
In developed countries like the United States, obesity rates have increased significantly over the last couple of decades. Overweight and obesity are associated with a higher risk of chronic diseases requiring admission to a medical facility when they worsen. Transferring facilities between places is necessary for obese and overweight people. During the forecast period, this factor is expected to expand the global patient lateral transfer market size.
However, higher price associated with medical treatment are expected to operate as key restraint to the growth of global patient lateral transfer market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global patient lateral transfer market which includes company profiling of Blue Chip Medical , Inc., Stryker Corporation, Wideblue Ltd, Hill-Rom Holdings, Inc., Arjo AB, Etac Group, McAuley Medical, Inc., Medline Industries LP, Samarit Medical AG, and Scan Medical Co Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global patient lateral transfer market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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