New York, Global Patient Handling Equipment Market was valued at USD 23.2 billion in 2021 and it is anticipated to grow up to USD 44.7 billion by 2031, at a CAGR of 6.8% during the forecast period.
The global patient handling equipment market report from Global Insight Services is the single authoritative source of intelligence on Patient Handling Equipment Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Patient handling equipment are used for patients that require physical assistance, as well as for people under medication or illness. The patient handling equipment are generally used at hospitals, home care settings, elderly care facilities and rehabilitation centre among others. The patient handling equipment ensures the safety of doctors as well as caregivers while handling patients. Moreover, it also reduces the possibility of patient injuries,
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Market Trends and Drivers
Rising incidence of disabilities upsurges the business progression. The increasing disabled population across the globe drives the adoption of patient handling equipment. According to the WHO, in 2019, around 15% of the world’s population lives with a certain form of disability, and amongst them 2% to 4% experience difficulties in functioning. The number of disabled people is escalating due to rapid spread of chronic diseases. Disabled people need patient handling equipment to carry out their daily activities smoothly. The rising cases of disability will significantly propel patient handling equipment market growth over the analysis period. Furthermore, due to the COVID-19 outbreak, there is a drastic rise in the demand for medical beds across the globe.
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Global Patient Handling Equipment Market Segmental Overview
The report analyses the global patient handling equipment market based on Product, Application, End-use and Region.
Global Patient Handling Equipment Market by Product
Based on product, it is segmented into wheelchairs and scooters, medical beds, mechanical lifting & transfer equipment, ambulatory aid devices, bathroom safety supplies and others. Among these, the wheelchairs and scooters segment accounted for significant market share in 2021. Wheelchairs and scooters cover manual wheelchair, powered wheelchair, and mobility scooters. The rising number of accidental injuries resulting in disabilities will upsurge the demand for wheelchairs and scooters. Additionally, people of age 65 and above are more prone to injuries and fall as compared to other age groups.
Global Patient Handling Equipment Market by Application
Based on application, it is segmented into acute & critical care, long term care, mobility assistance, fall prevention and others. Among them, the acute & critical care segment is expected to experience the fastest growth rate during the forecast period. The increasing population suffering from chronic disorders such as myocardial infarction and stroke will drive the segmental growth during the forecast period. Moreover, rising number of patient admissions due to increasing prevalence of chronic disease drives segmental growth. Furthermore, adoption of innovative technologies for acute & critical care patient handling will further drive the overall market growth.
Global Patient Handling Equipment Market by End-use
Based on End-use, it is segmented into hospitals, home care settings, elderly care facilities and others. Among them, hospital segment is expected to experience the fastest growth rate during the forecast period. Rising number of patients requiring critical care in hospitals along with advanced healthcare infrastructure will boost the segmental growth during the forecast period. Hospitals provide technologically advanced patient handling equipment including, ICU beds, sling lifts, transfer chairs, slide boards, etc. Thus, increasing demand for technologically advanced patient handing instruments will drive the market growth.
Geographical Analysis of Global Patient Handling Equipment Market
Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. North America held the largest share in the market largely due to the advanced healthcare infrastructure and increasing prevalence of chronic diseases. As per the UN statistics, in 2017, the number of elderly populations aged 60 years and above is expected to increase from 78.5 million in 2017 to 123.9 million in 2050.
Major Players in the Global Patient Handling Equipment Market
The key players in the market are Getinge , Stryker Corporation, Invacare, Hill Rom Services, Guldmann, Stiegelmeyer, LINET, Joerns Healthcare, HoverTech International, Handicare, Prism Medical, Ossenberg, Drive Medical, Antano Group and ORTHOS XXI, among others.
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