Patient Transfer Equipment Market Revenue was valued at USD 2.5 Billion in 2024 and is estimated to reach USD 4.0 Billion by 2033, growing at a CAGR of 6.5% from 2026 to 2033.
The global Patient Transfer Equipment market was valued at approximately USD 6.3 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 8.1% from 2023 to 2030. The demand for patient transfer equipment is on the rise due to an aging population, the growing prevalence of chronic diseases, and increased hospital admissions. North America held the largest share of the market in 2022, accounting for around 40% of the total market value. This can be attributed to advanced healthcare infrastructure, high adoption of modern technologies, and a large geriatric population. The European region also holds a significant share in the market, driven by an increasing number of elderly patients and healthcare facilities investing in efficient patient care solutions. The market in this region is expected to expand at a CAGR of 7.5% over the forecast period.
In the Asia Pacific region, the patient transfer equipment market is anticipated to grow at the highest CAGR of 9.5% during the forecast period. Factors such as the improving healthcare infrastructure in countries like China and India, the rise in medical tourism, and the growing demand for quality healthcare services are driving this growth. Latin America and the Middle East & Africa regions are also showing potential for growth, with moderate CAGRs expected, as healthcare systems in these regions continue to develop. The demand for patient transfer equipment in these regions is expected to rise due to the growing healthcare sector and an increase in elderly populations. The global market dynamics offer promising opportunities for expansion in both emerging and developed regions, backed by advancements in medical equipment and rising healthcare investments.
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Getinge
Hill-Rom
Skytron
STERIS
Stryker
ArjoHuntleigh
Mizuho
Alvo
UFSK-OSYS
Medifa-hesse
Eschmann Equipment
AGA Sanitatsartikel
Schaerer Medical
Brumaba
Bender
Merivaara
Infinium Medical
Image Diagnostics
Mindray Medical
PAX Medical
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Patient Transfer Equipment Market
Manual Stretchers
Wheelchair Transfer Devices
Patient Lift Systems
Transfer Boards
Transfer Sling
Portable Patient Slides
Hospitals
Ambulatory Surgical Centers
Home Healthcare Providers
Nursing Homes
Rehabilitation Centers
Emergency Services
Routine Transport within Hospitals
Transport of Non-critical Patients
Transporting Patients with Limited Mobility
Transport during Inter-facility Transfers
Under 150 kg
151 kg - 300 kg
301 kg - 500 kg
Over 500 kg
Direct Sales
Online Retail
Medical Supply Distributors
Healthcare Equipment Rental Services
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Patient Transfer Equipment Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Patient Transfer Equipment Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Patient Transfer Equipment Market, By Type
6. Global Patient Transfer Equipment Market, By Application
7. Global Patient Transfer Equipment Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Patient Transfer Equipment Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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