The patient
handling equipment market is expected to reach USD
23.4 billion by 2024, according to a new report by Grand View Research,
Inc. The upsurge in the demand for products, such as slings, lifts, powered
electric wheelchair, due to high risk of physical injuries in manual lifting of
heavy loads is a key growth driver of patient handling equipment market. In
addition, growing prevalence of injuries, such as lower back pain,
musculoskeletal disorders (MSDs), etc., is expected to boost growth in this
sector. These injuries are avoidable by practicing safe patient handling
guidelines and using equipment for the same.
Associated advantages and availability of improved
products such as prime Transport Chairs (TC), temperature management systems,
and patient transfer solutions, which offer safe, comfortable, and dignified
transfer are the factors anticipated to provide lucrative growth to this sector
in the near future.
Increasing incidences of Non-communicable Diseases
(NCD), such as diabetes, asthma, cancer, stroke, etc., requiring patient
handling equipment in homecare settings, hospitals, and intensive care units
are further expected to boost market growth over the forecast period.
Browse full research report on Patient Handling Equipment Market: https://www.grandviewresearch.com/industry-analysis/patient-handling-equipment-market
Further
key findings from the study suggest:
- The mechanical and nonmechanical equipment segment is expected to
grow at a lucrative CAGR of above 12.0% owing to high penetration of
hospital furniture, stretchers, evacuation equipment, ambulatory aids, and
accessories in healthcare settings
- On the other hand, medical beds held lucrative share in this
industry in 2015, due to high adoption rate by hospitals and long-term
acute care centers. Moreover, introduction of technologically enhanced
products and comfort offered by them are the factors attributing to its
dominant share
- Critical care segment is anticipated to grow lucratively during the
forecast period, due to rising treatment rates and adoption of equipment
to curb increasing prevalence of critical conditions and reduction in
mishaps that occur during patient handling. Moreover, the critical care
nursing and intensive care units requiring stable and safe handling
practices for cardiothoracic, coronary, trauma, and surgical units
supporting patients’ health are expected to widen the consumer base for
these devices
- Home care setting is anticipated to grow lucratively as a
consequence of increasing patient preference to reduce hospital stay and
cost for the treatment. In addition, the increasing preference of home
care facilities by elderly patients’ are expected to intensify demand for
patient handling equipment over the forecast period. Moreover, increasing
applications of long-term care programs, home health agency, and homecare
services are expected to propel market growth during the forecast period
- Some key players in this market include Stryker Corporation;
Hill-Rom Holdings, Inc.; Invacare Corporation; Getinge Group; Guldmann,
Inc.; Stiegelmeyer, Inc.; Benmor Medical Ltd.: Sidhil Ltd.; ArjoHuntleigh,
Inc.; Etac Ltd.; Joerns Healthcare; Handicare, Inc.; Mangar International
Ltd.; Linet Americas, Inc; and Prism Medical Ltd.
- These players are adopting strategies such as technological
innovation, new product launch, and strategic collaborations, including
mergers and acquisitions to capitalize their industry share. For instance,
in March 2016, Prism Medical Ltd. acquired lifts and elevating business of
Shoppers Home Health Care in a probe to expand its business capabilities
and strengthen its services portfolio. Similarly, in November 2014,
Stiegelmeyer, Inc. introduced new technology “e-help,” an intelligent
sensor technology for homecare and in-patient services enabling deeper
market penetration.
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/medical-devices
Grand
View Research has segmented the patient handling equipment market on the basis
of product type, end-use, and region:
Global
Patient Handling Equipment Product Outlook (Revenue, USD Million, 2013
- 2024)
- Wheelchairs
& Scooters
- Medical Beds
- Mechanical
& Nonmechanical Equipment
- Ambulatory
Aids
- Others
Global
Patient Handling Equipment Type Outlook (Revenue, USD Million, 2013
- 2024)
- Bariatric
Care
- Fall
Prevention
- Critical Care
- Wound Care
Global
Patient Handling Equipment End-Use Outlook (Revenue, USD Million, 2013
- 2024)
- Home Care
Settings
- Hospitals
- Elderly Care
Facilities
- Other
Patient
Handling Equipment Regional Outlook (Revenue, USD Million, 2013 - 2024)
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- Asia Pacific
- Japan
- China
- India
- Latin America
- Mexico
- Brazil
- MEA
- South Africa
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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