The global patient handling equipment market size is expected to reach USD 17.64 billion by 2032, is expected to grow at a CAGR of 5.80% during the forecast period.
The patient handling equipment market plays a critical role in healthcare settings, ensuring the safe and effective transportation and management of patients. These devices are primarily designed to assist healthcare professionals in moving patients with mobility impairments or those requiring assistance due to injury, illness, or surgery. The market encompasses a wide range of equipment, including patient lifts, stretchers, wheelchairs, and hoists, that contribute to patient care, safety, and comfort.
The increasing aging population, rising incidences of chronic diseases, and a greater focus on healthcare safety and efficiency are key factors driving the growth of the patient handling equipment market. Technological advancements and innovations, along with improvements in healthcare infrastructure, have further bolstered demand for these devices. The market is poised for steady growth, underpinned by advancements in robotics, automation, and smart technologies.
𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
Competitive Insight
- The Getinge Group,
- Guldmann, Inc.,
- Stiegelmeyer, Inc.,
- Benmor Medical Ltd.,
- Sidhil, Ltd.,
- ArjoHuntleigh, Inc.,
- Etac Ltd.,
- Joerns Healthcare, Inc.,
- Handicare, Inc.,
- Mangar International Ltd.,
- Linet Americas, Inc., and
- Prism Medical Ltd.
𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:
The research study includes segmental analysis that divides the market into distinct groups or segments based on common characteristics. With market segmentation, businesses can identify specific customer groups that are more likely to be interested in specific products or services. Also, it enables these businesses to focus their marketing efforts and resources more efficiently, leading to higher conversion rates and improved return on investment. Furthermore, segmentation analysis helps companies develop personalized products or services, which can result in increased customer loyalty and improved customer satisfaction.
Patient Handling Equipment Market, Product Outlook (Revenue – USD Billion, 2019-2032)
- Wheelchair and scooters.
- Medical Beds
- Mechanical
- Non- Mechanical
Patient Handling Equipment Market, Type Outlook (Revenue – USD Billion, 2019-2032)
- Bariatric Care
- Fall Prevention
- Critical Care
- Wound Care
Patient Handling Equipment Market, End-use Outlook (Revenue – USD Billion, 2019-2032)
- Home Care
- Hospital
- Elderly Care
Market’s Growth Drivers
- Aging Population: One of the most significant drivers of growth in the patient handling equipment market is the rapidly increasing aging population. Older adults often suffer from various mobility issues, and healthcare facilities need advanced equipment to provide proper care and reduce the risk of injuries for both patients and caregivers. According to the World Health Organization (WHO), the global population aged 60 years or above is expected to reach 2.1 billion by 2050, significantly boosting the demand for patient handling solutions.
- Rising Incidences of Chronic Diseases: The increasing prevalence of chronic diseases such as arthritis, cardiovascular diseases, and musculoskeletal disorders further fuels the demand for patient handling equipment. These conditions often result in limited mobility, requiring specialized equipment for patient movement and comfort.
- Healthcare Workforce Safety: Another crucial factor propelling the market growth is the increasing awareness of healthcare worker safety. Manual patient handling puts caregivers at risk of musculoskeletal injuries, which are costly and can result in high turnover rates. As a result, healthcare providers are increasingly adopting mechanical lifting equipment to reduce these risks.
- Technological Advancements: The integration of smart technologies such as IoT-enabled patient handling devices, robotics, and automated lifting systems has transformed the market. These innovations not only enhance the efficiency and accuracy of patient handling but also contribute to reducing patient recovery time, optimizing resource allocation, and improving overall patient care.
- Government Initiatives and Funding: Governments and healthcare organizations are focusing on improving patient safety and care standards, which has led to increased funding for hospitals and healthcare facilities. The adoption of modern patient handling equipment is often a part of these initiatives, further driving the growth of the market.
Key Trends in the Patient Handling Equipment Market
- Rise of Home Healthcare: The growing preference for home-based care, coupled with advancements in telemedicine, has resulted in increased demand for patient handling equipment designed for home use. Home healthcare solutions are becoming more specialized, with patient handling equipment being developed to meet the specific needs of at-home care providers.
- Manual to Mechanical Transition: The trend from manual to mechanical patient handling systems continues to dominate the market. Equipment such as lifts and hoists is gaining popularity as they ensure a higher degree of patient safety and reduce the physical strain on caregivers. This transition is expected to grow as healthcare providers increasingly focus on reducing the burden of manual patient handling.
- Integration of Robotics and Automation: Robotic patient handling equipment is an emerging trend. These devices use advanced algorithms and sensors to improve patient movement accuracy and reduce the risk of errors. Robotic assistance allows healthcare professionals to handle patients with greater precision and efficiency, enhancing both patient outcomes and healthcare worker safety.
- Focus on Lightweight and Portable Devices: With the need for more flexible patient handling solutions, manufacturers are focusing on producing lightweight, portable, and easy-to-use equipment. These innovations make it easier for healthcare workers to transport patients across different hospital units or even for home healthcare providers to deliver care efficiently.
- Sustainability and Eco-friendly Materials: There is a growing emphasis on sustainability within the patient handling equipment market. Companies are exploring eco-friendly materials and manufacturing processes to create durable, recyclable, and environmentally friendly products.
Research Scope
The scope of research in the patient handling equipment market extends to several key areas:
- Market Segmentation: Research efforts are focused on segmenting the market by product type (lifts, hoists, wheelchairs, etc.), application (hospital, homecare, and long-term care facilities), and geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa).
- Technological Advancements: Studies are increasingly investigating the role of automation, robotics, and IoT in improving patient handling systems. Research into the integration of Artificial Intelligence (AI) and machine learning into these devices is a growing area of interest.
- Cost-effectiveness and Healthcare Worker Safety: Research is exploring the economic benefits of mechanical patient handling solutions, focusing on how they improve worker safety and reduce healthcare costs in the long term.
- Market Forecasting: Predictive studies are being conducted to forecast the future growth of the patient handling equipment market based on current trends, technological advancements, and demographic changes.
- Consumer Preferences: With a growing shift toward patient-centered care, research is investigating consumer preferences for more comfortable, user-friendly, and safe equipment.
Future Scope of the Market
The future of the patient handling equipment market is promising, driven by several factors:
- Smart Technologies and AI Integration: The future of the market is likely to be dominated by the integration of AI, IoT, and robotics into patient handling systems. These technologies will provide healthcare providers with more intelligent, predictive, and efficient equipment for patient care.
- Personalized Patient Handling Solutions: There will likely be a shift towards developing customized patient handling equipment based on individual needs. This personalized approach will cater to specific patient conditions and mobility issues, improving the overall quality of care.
- Expansion in Emerging Markets: With the expansion of healthcare infrastructure in emerging markets, the demand for patient handling equipment will increase. Countries in Asia-Pacific, Latin America, and Africa are expected to witness significant growth as healthcare standards improve, and the need for modern patient handling solutions rises.
- Collaborative Technologies: Future patient handling systems may be designed to integrate with other healthcare technologies such as electronic health records (EHR), remote monitoring systems, and telehealth platforms, leading to more comprehensive and integrated patient care solutions.
- Regulatory Focus on Safety Standards: As safety becomes a paramount concern in healthcare settings, there will be a continuous evolution of regulatory standards for patient handling equipment. These regulations will shape the design, usage, and adoption of these devices, making them more reliable and standardized across the industry.
Recent Developments
- In March 2020, Invacare launched the AVIVA FX power wheelchair, promising best-in-class design, technology, and efficiency. The AVIVA brand is known for its distinctive look and feel. The AVIVA FX Power Wheelchair offers front-wheel drive users a high-performance option, delivering a significant upgrade in front-wheel drive power mobility.