The global transfer bench market size was significantly robust in 2022 and is expected to register a steady revenue CAGR over the forecast period. Key factors driving global market revenue growth are rise in elderly population across the globe, increasing number of people with physical disabilities, rising prevalence of various chronic diseases, and increasing awareness about assistive products and devices.
Due to old age, various individuals find it difficult to perform everyday activities like showing or bathing. Showers are some of the prime places for falls that can be risky for elders or physically challenged people. Thus, to avoid this, bathroom assist devices like shower chairs or transfer benches are widely used. Transfer benches are bath seats that are specially designed for people who require constant support and find it difficult to enter bathtubs.
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A transfer bench is positioned straddling to the bathtub wall so that two feet are inside the tub while the other two are outside the tub. The user can sit on the bench and slide inside the tub without standing up. This allows the user to move in the tube while they are seated. Transfer benches are available in various sizes and designs, with rubber grip feet for stability. Transfer benches offer enhanced stability and increase safety while bathing by lowering the chances of falls and mishaps. These transfer benches are useful for people with significant balance issues, weakness in legs, who tire easily, or are prone to slipping and falling.
Major Factors Driving Growth Of The Global Transfer Bench Market:
Revenue growth of the global transfer bench market is significantly driven by rising cases of reduced mobility and disability, availability of various types of transfer benches on online stores and offline rental stores, rapid advancements in the medical and healthcare sector, and high adoption of transfer benches for home-care settings as well as old-age homes and medical care centers. Moreover, increasing healthcare spending, rising disposable income, and increasing investments to develop and launch advanced products is expected to fuel market growth going ahead.
Factors Restraining Growth Of The Global Transfer Bench Market:
The global market growth is significantly hampered by several unfavorable factors. The transfer benches are costly and tend to take up more space than other assistive devices like shower chairs. In addition, unawareness about these assist devices, especially in developing economies might hamper the overall market growth to a certain extent going ahead.
Opportunities For Players Operating In The Global Transfer Bench Market:
With the increasing geriatric population globally and increasing need for bathroom and shower assist devices, various manufacturing companies are focusing on developing new models and products which are user-friendly and convenient. This is expected to open lucrative business opportunities for players in the market.
Global Transfer Bench Market Revenue Led By Product Segment:
Based on product, the retractable segment is expected to register rapid revenue growth between 2021 and 2032. Retractable transfer benches are foldable and have a sliding seat that makes entry into and out of the tub easier as the user just has to sit and slide into the tub. In addition, as these type of transfer benches are foldable, it takes up less space and can be stored easily. Some retractable transfer benches have additional features like net to keep items like soaps, bars and provide extra protection.
Global Transfer Bench Market Leading Application Segment:
Based on application, the residential segment is expected to account for significantly larger revenue share over the forecast period. Transfer benches are widely deployed in homes with elderly people with balance issues or limited mobility, individuals with physical disabilities or chronic diseases to help them enter and exit bathtubs safely. Growing inclination towards home care settings and increasing awareness about transfer benches for patient comfort are supporting segment revenue growth.
North America Accounts For Largest Revenue Share In Global Transfer Bench Market:
Among the regional markets, North America accounted for largest share in 2020 and is expected to continue its lead position over the forecast period. Factors such as increasing chronic diseases, and individuals with reduced mobility and disability, favorable regulatory guidelines and reimbursement schemes, and advanced healthcare infrastructure and inpatient care are fueling market growth in North America. In addition, rising adoption of home care settings and telemedicine services for monitoring such patients and increasing investments to develop advanced products are supporting North America market growth.
Asia Pacific to Lead In Terms Of Revenue CAGR:
The transfer bench market in Asia Pacific is expected to register rapid revenue growth throughout the forecast period owing to factors such as increasing number of physically disabled individuals, large geriatric population, improving healthcare services, and rising awareness about transfer benches. Moreover, rising healthcare expenditure, availability of various types of transfer benches on online portals and on rental basis, and increasing investments for developing convenient and patient-friendly assist devices are boosting Asia Pacific market growth.
Major Companies Profiled In The Report:
- Sunrise Medical
- K Care Healthcare Equipment
- Platinum Health
- Drive Medical
- Healthline Trading
- Carex Health Brands
- Eagle Health Supplies
- TFI Healthcare
Strategies And Objectives Of Major Companies:
- In August 2020, Sunrise Medical, a leading assistive mobility solutions firm announced acquisition with two global pediatric brands, Firefly and Leckey. This acquisition is expected to expand Sunrise Medical’s pediatric assistive care product portfolio.
What Our Report Provides And Why Our Offering Is Better:
This report offers historical data points and forecasts and revenue growth at a global, regional, and country level, and provides analysis, industry trends, and consumption pattern details for each region, major country, and segment from 2023 to 2032. The global market report includes industry trends, drivers, restraints, opportunities, threats, market strategies, segment revenue, and market share contribution by each regional and country market. In addition, the report offers industry analysis and competitive landscape, company financials, and impact analysis. The report includes a detailed view of the global market, along with changing dynamics and trends, scenarios, detailed market and regional segmentation, regional landscape, analysis and evaluation, major investments, product offerings, product launches, and details of historical, current, and projected revenues.
Detailed Segmentation In Our Report:
For the purpose of this report, the global transfer bench market is segmented on the basis of product, application, and region
Product Outlook (Revenue, USD Billion; 2023-2032)
Application Outlook (Revenue, USD Billion; 2023-2032)
Region Outlook (Revenue, USD Billion; 2023-2032)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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