The 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.
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. The increasing corona cases across the globe are forcing governments of developed and emerging countries to increase their patient handling capacities. The public health systems are providing funds to procure the required hospital infrastructure with medical beds that are one of the important requirements. The upsurge in fundraising for associated with patient handling equipment are some other major factors that will positively impact on the market growth.
Market Restraints and Challenges
Lack of training provided to caregivers for the efficient operation of patient handling equipment may impede the industry growth. Effective training programs need to be implemented to create awareness regarding safe patient handling and to enable caregivers to efficiently operate transfer devices. Training plays a crucial role while lifting patients with special conditions, such as patients with pressure sores or burns, as well as bariatric patients. Owing to the cost-cutting initiatives being implemented in hospitals across several developing and developed countries, a limited number of training sessions (in terms of effective handling of patients) are being provided to caregivers. This is because the initial cost of equipment and maintenance is high, which also includes training costs, and most healthcare institutions cannot afford patient handling equipment as per the requirement. In the case of inadequate training, caregivers may gradually shift to manual handling as they have a better understanding of manual handling techniques and may find the use of patient lifting equipment cumbersome. This will affect the adoption of patient handling equipment to some extent.
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Global Patient Handling Equipment Market Segmentation
By Product
- Wheelchairs and Scooters
- Manual wheelchair
- Powered wheelchair
- Mobility scooters
- Medical Beds
- Acute care beds
- Long term care beds
- Bariatric beds
- Others
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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