Market Overview:
The global patient transfer device market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing prevalence of chronic diseases, rising geriatric population, and growing demand for home care settings. In addition, technological advancements in patient transfer devices are also contributing to the growth of the market. Based on type, the global patient transfer device market is segmented into ceiling lifts, stair & wheelchair lifts, mobile lifts, sit-to-stand lifts and bath & pool lifts. Ceiling Lifts are expected to dominate the global patient transfer device market with a share of more than 50%. This can be attributed to their low cost and easy installation as compared to other types of patient transfer devices. Based on application, hospitals are expected to account for majority share in terms of revenue followed by home care settings and other end users respectively.
Product Definition:
A patient transfer device is a piece of medical equipment that is used to help move patients from one place to another. It can be used for both short and long distances, and it often includes features like a stretcher or a wheelchair. The patient transfer device can be helpful in ensuring that patients are transported safely and comfortably.
Ceiling Lifts:
Ceiling lifts, also known as lifting tables or patient transfer devices are used to transfer patients from a bed or floor to a wheelchair, toilet or into bath/ shower. They are most commonly used in hospitals and care homes for the elderly and disabled population. The market is expected to grow at an estimated CAGR of XX% during the forecast period owing to increasing geriatric population coupled with rising healthcare expenditure across various regions globally.
Stair & Wheelchair Lifts:
A stair lift is a device used to transport people with the help of stairs and it's variations. It consists of a platform on rails, which is moved up and down by an electric or manual power source. Stair lifts are available in different sizes, capacities, load capacities and wheelchairs can be attached to them for carrying heavy weights up & down the stairs.
Application Insights:
Based on application, the global patient transfer device market is segmented into hospitals, home care settings, and other end-users. The other end-users include clinics, rehabilitation centers, and medical spas. Hospitals held the largest share in 2017 owing to their primary role of providing healthcare to patients who are not able to walk or move around due to illness or injury. In addition, a large number of procedures are performed in hospitals that require assistance from another person for supporting or moving an immobilized patient so that they can be treated by a doctor efficiently.
The home care setting is anticipated to exhibit lucrative growth over the forecast period as it allows patients who cannot go outside due to health conditions such as mobility impairment or age stay at their homes without having any hospital admission.
Regional Analysis:
North America dominated the global patient transfer device market in 2017. This can be attributed to the presence of a large number of healthcare facilities, favorable reimbursement policies, and increasing demand for home care services. The Asia Pacific is expected to grow at a lucrative rate over the forecast period owing to an increase in geriatric population and prevalence of chronic diseases coupled with growing medical tourism industry. Moreover, rising awareness regarding patient safety & comfort is anticipated to propel market growth during the forecast period.
The Latin American region comprises developing economies such as Brazil and Mexico that are experiencing high economic growth along with improving healthcare infrastructure & facilities due to government support & funding programs for building hospitals or upgrading existing hospitals into modern acute care hospitals equipped with specialized elevators suitable for handling heavy weights or long distances between floor levels and ceiling heights thus facilitating easy movement of patients from one floor level area or room directly into another using patient transfer devices such as wheelchair lifts, mobile elevators etc.
Growth Factors:
- Increasing demand for patient transfer devices owing to the rise in number of surgeries and medical procedures.
- Growing geriatric population who are more susceptible to injuries and require assistance for transfers.
- Technological advancements in patient transfer devices that offer enhanced safety, comfort, and efficiency.
- Rising healthcare expenditure that is encouraging the use of advanced technologies and equipment such as patient transfer devices.
Scope Of The Report
Report Attributes
Report Details
Report Title
Patient Transfer Device Market Research Report
By Type
Ceiling Lifts, Stair & Wheelchair Lifts, Mobile Lifts, Sit-to-Stand Lifts, Bath & Pool Lifts
By Application
Hospitals, Home Care Settings, Other End Users
By Companies
Arjo, Hill-Rom, GF Health, Medline, Drive DeVilbiss, Prism Medical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
176
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Patient Transfer Device Market Report Segments:
The global Patient Transfer Device market is segmented on the basis of:
Types
Ceiling Lifts, Stair & Wheelchair Lifts, Mobile Lifts, Sit-to-Stand Lifts, Bath & Pool Lifts
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Home Care Settings, Other End Users
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Arjo
- Hill-Rom
- GF Health
- Medline
- Drive DeVilbiss
- Prism Medical
Highlights of The Patient Transfer Device Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Ceiling Lifts
- Stair & Wheelchair Lifts
- Mobile Lifts
- Sit-to-Stand Lifts
- Bath & Pool Lifts
- By Application:
- Hospitals
- Home Care Settings
- Other End Users
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Patient Transfer Device Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Patient transfer device is a medical equipment that helps patients who are bedridden or unable to move from one place to another.
Some of the key players operating in the patient transfer device market are Arjo, Hill-Rom, GF Health, Medline, Drive DeVilbiss, Prism Medical.
The patient transfer device market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Patient Transfer Device Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Patient Transfer Device Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Patient Transfer Device Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Patient Transfer Device Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Patient Transfer Device Market Size & Forecast, 2018-2028
4.5.1 Patient Transfer Device Market Size and Y-o-Y Growth
4.5.2 Patient Transfer Device Market Absolute $ Opportunity
Chapter 5 Global Patient Transfer Device Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Patient Transfer Device Market Size Forecast by Type
5.2.1 Ceiling Lifts
5.2.2 Stair & Wheelchair Lifts
5.2.3 Mobile Lifts
5.2.4 Sit-to-Stand Lifts
5.2.5 Bath & Pool Lifts
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Patient Transfer Device Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Patient Transfer Device Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Home Care Settings
6.2.3 Other End Users
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Patient Transfer Device Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Patient Transfer Device Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Patient Transfer Device Analysis and Forecast
9.1 Introduction
9.2 North America Patient Transfer Device Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Patient Transfer Device Market Size Forecast by Type
9.6.1 Ceiling Lifts
9.6.2 Stair & Wheelchair Lifts
9.6.3 Mobile Lifts
9.6.4 Sit-to-Stand Lifts
9.6.5 Bath & Pool Lifts
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Patient Transfer Device Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Home Care Settings
9.10.3 Other End Users
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Patient Transfer Device Analysis and Forecast
10.1 Introduction
10.2 Europe Patient Transfer Device Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Patient Transfer Device Market Size Forecast by Type
10.6.1 Ceiling Lifts
10.6.2 Stair & Wheelchair Lifts
10.6.3 Mobile Lifts
10.6.4 Sit-to-Stand Lifts
10.6.5 Bath & Pool Lifts
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Patient Transfer Device Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Home Care Settings
10.10.3 Other End Users
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Patient Transfer Device Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Patient Transfer Device Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Patient Transfer Device Market Size Forecast by Type
11.6.1 Ceiling Lifts
11.6.2 Stair & Wheelchair Lifts
11.6.3 Mobile Lifts
11.6.4 Sit-to-Stand Lifts
11.6.5 Bath & Pool Lifts
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Patient Transfer Device Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Home Care Settings
11.10.3 Other End Users
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Patient Transfer Device Analysis and Forecast
12.1 Introduction
12.2 Latin America Patient Transfer Device Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Patient Transfer Device Market Size Forecast by Type
12.6.1 Ceiling Lifts
12.6.2 Stair & Wheelchair Lifts
12.6.3 Mobile Lifts
12.6.4 Sit-to-Stand Lifts
12.6.5 Bath & Pool Lifts
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Patient Transfer Device Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Home Care Settings
12.10.3 Other End Users
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Patient Transfer Device Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Patient Transfer Device Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Patient Transfer Device Market Size Forecast by Type
13.6.1 Ceiling Lifts
13.6.2 Stair & Wheelchair Lifts
13.6.3 Mobile Lifts
13.6.4 Sit-to-Stand Lifts
13.6.5 Bath & Pool Lifts
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Patient Transfer Device Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Home Care Settings
13.10.3 Other End Users
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Patient Transfer Device Market: Competitive Dashboard
14.2 Global Patient Transfer Device Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Arjo
14.3.2 Hill-Rom
14.3.3 GF Health
14.3.4 Medline
14.3.5 Drive DeVilbiss
14.3.6 Prism Medical
