Global Patient Handling Equipment Market is expected to grow at a CAGR of 9.31% during the forecast period 2020-2027
A new research report published by Fior Markets with the title Patient Handling Equipment Market by Product (Medical Beds, Wheelchairs and Scooters, Mechanical and Non-mechanical Equipment, Ambulatory Aids, Sliding Sheets, Slings, Patient Lifts, Mobility Devices, Stretchers and Transport Chairs and Bathroom Safety Supplies), Care Type (Bariatric Care, Acute and Critical Care, Wound Care, Fall Prevention, Lifting, Transfer, Neurologic Care, Orthopaedic Care and Rehabilitation), End-user, Region and Global Forecast 2020-2027.
The global patient handling equipment market is expected to grow from USD 10.53 billion in 2019 to USD 21.46 billion by 2027, at a CAGR of 9.31% during the forecast period 2020-2027. North America is the dominant market in terms of market share. The increasing prevalence of chronic diseases in the region has contributed significantly to the market growth. The availability of advance healthcare infrastructure has strengthened the supply side. However, Asia-Pacific is projected to register an impressive growth rate. The increasing patient population and increasing per capita income are driving the market growth in the region.
NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.
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Key players of the patient handling equipment market are Invacare Corporation, GF Health Products, Arjo, Hill-Rom Holdings, Stryker Corporation, SM Scientific Instruments, Antano Group, Handicare, Joerns Healthcare, Ossenberg, Medline Industries Inc., Etac, Drive DeVilbiss Healthcare, Mangar Health, LINET, Prism Medical UK, Guldmann, EZ Way Inc., McAuley Medical, Savaria, Malvestio, AirPal, Inc., PARAMOUNT BED CO., LTD., Stiegelmeyer, Lojer Oy and others.
The product segment includes medical beds, wheelchairs and scooters, mechanical and non-mechanical equipment, ambulatory aids, sliding sheets, slings, patient lifts, mobility devices, stretchers and transport chairs and bathroom safety supplies. The medical beds further include manual beds, semi-electric beds and electric beds. The wheelchairs and scooters segment further includes powered wheelchairs, manual wheelchairs and mobility scooters. The medical beds are of utmost importance in the hospital. The electric beds are in greater demand owing to the better battery backup, friction reduction andease of use. These beds are more comfortable as compared to the traditional beds. The care type segment includes bariatric care, acute and critical care, wound care, fall prevention, lifting, transfer, neurologic care, orthopaedic care and rehabilitation. The acute and critical care segment accounts for majority of the market shares. The rise in acute and chronic diseases has increased the demand for patient handling equipment. Also, the adaption of the innovative technologies has resulted in the market growth. The end-user segment includes hospitals, home care settings, elderly care facilities, nursing homes and others. Hospitals holds majority of the market shares. The hospitals have availability of advance healthcare which has increased the number of visiting patients. Moreover, the strict guidelines by government instructing the safety guidelines has made it mandatory for the hospitals to install more advance equipment in the premises.
The patient handling equipment provides comfort to the patient as well as doctors by assisting in various activities such as transferring and lifting. These equipment are specifically designed to ease up the operating functions for the patient and health workers. The most important function of the equipment is to enable mobility to the disabled patients. The mechanical devices help to move the patient without the need of any manual labour and thus also reduce the possibility of contamination. The increasing technological advancement has increased the applications of these equipment in different departments. The rising geriatric population, increasing chronic diseases and growing prevalence of the disabilities has led to the market growth. Moreover, increasing consumer awareness along with the growing per capita income is accelerating the market demand.
About the report:
The global Patient Handling Equipment market is analyzed on the basis of value (USD Billion), volume (K Units), export (K Units), and import (K Units). All the segments have been analyzed on global, regional and country basis. The study includes an analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, and competitor position grid analysis.
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