Transfer Bench Market Report: Trends, Forecast and Competitive Analysis to 2030

Transfer Bench Trends and Forecast

The future of the global transfer bench market looks promising with opportunities in the residential and commercial markets. The global transfer bench market is expected to reach an estimated $0.62 billion by 2030 with a CAGR of 7.2% from 2024 to 2030. The major drivers for this market are increasing cases of people with disability, growing adoption of transfer benches for home-care settings as well as old-age homes, and swift advancements in the medical and healthcare sector.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Transfer Bench by Segment

The study includes a forecast for the global transfer bench by product, application, and region.

Transfer Bench Market by Product [Shipment Analysis by Value from 2018 to 2030]:

• Retractable
• Ordinary

Transfer Bench Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Residential
• Commercial
• Others

Transfer Bench Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Transfer Bench Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies transfer bench companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the transfer bench companies profiled in this report include-

• Sunrise Medical
• ArjoHuntleigh
• K Care Healthcare Equipment
• Platinum Health
• Drive Medical
• Moen
• Duro-Med

Transfer Bench Market Insights

Lucintel forecasts that retractable is expected to witness higher growth over the forecast period as it is a space-efficient solution, which can be easily folded with minimal storage space.

Within this market, residential will remain larger segment due to rising awareness about transfer benches for patient comfort.

APAC is expected to witness the highest growth over the forecast period due to rising number of physically disabled individuals, surge in geriatric population, improving healthcare services, and growing awareness about transfer benches.

Features of the Global Transfer Bench Market

Market Size Estimates: Transfer bench market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Transfer bench market size by product, application, and region in terms of value ($B).

Regional Analysis: Transfer bench market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different products, applications, and regions for the transfer bench market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the transfer bench market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the transfer bench market size?

Answer: The global transfer bench market is expected to reach an estimated $0.62 billion by 2030.

Q2. What is the growth forecast for transfer bench market?

Answer: The global transfer bench market is expected to grow with a CAGR of 7.2% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the transfer bench market?

Answer: The major drivers for this market are increasing cases of people with disability, growing adoption of transfer benches for home-care settings as well as old-age homes, and swift advancements in the medical and healthcare sector.

Q4. What are the major segments for transfer bench market?

Answer: The future of the transfer bench market looks promising with opportunities in the residential and commercial markets.

Q5. Who are the key transfer bench market companies?

Answer: Some of the key transfer bench companies are as follows:

• Sunrise Medical
• ArjoHuntleigh
• K Care Healthcare Equipment
• Platinum Health
• Drive Medical
• Moen
• Duro-Med

Q6. Which transfer bench market segment will be the largest in future?

Answer: Lucintel forecasts that retractable is expected to witness higher growth over the forecast period as it is a space-efficient solution, which can be easily folded with minimal storage space.

Q7. In transfer bench market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness the highest growth over the forecast period due to rising number of physically disabled individuals, surge in geriatric population, improving healthcare services, and growing awareness about transfer benches.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the transfer bench market by product (retractable and ordinary), application (residential, commercial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?