Patient Handling Equipment Market is valued at USD 7.76 Billion in 2020 and expected to reach USD 13.85 Billion by 2028 with a CAGR of 7.5% over the forecast period.
Increasing work-related musculoskeletal disorders and incidences of disabilities are the major factors driving the growth of the Global Patient Handling Equipment Market.
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Scope of Global Patient Handling Equipment Market Report-
Patient handling equipment is a newer and safer method of transferring patients than floor lifts. It uses a series of ceiling tracks and an electrical lift motor to lift and transfer a patient to varied locations. Caregiver guides the patient along the track rather than pushing patient with a lift along the floor. There are various types of products such as slings, slide sheets, hoists, turntables and transfer boards. Also, the various sorts of handling equipments are often classified into four major categories like transport equipment, positioning equipment, unit load formation equipment and storage equipment. Patient handling equipment is developed to make moving patients easier and safer. It reduces the risk of injury for both healthcare workers and patients while improving the quality of patient care. Use of lifting equipment is essential to a successful safe patient handling program and it reduced exposure to manual lifting injuries by up to 95%.
Patient Handling Equipment Market key Players:
- Stryker Corporation
- Hill-Rom Holdings Inc.
- Invacare Corporation
- Prism Medical
- Guldmann Inc.
- Getinge Group
- Linet Spol. S.R.O.
- Stiegelmeyer & Co. GmBH
- Joerns Healthcare
Global Patient Handling Equipment Market Segmentation:
- Bathroom Safety
By Type of Care
- Wound, Accessory
By End User
- Elderly Care Homes
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Global Patient Handling Equipment Market Dynamics–
Increasing work-related musculoskeletal disorders and incidences of disabilities are the major factors expected to drive the growth of global patient handling equipment market. According to WHO; musculoskeletal conditions are the leading contributor to disability worldwide. The number of disabilities is increasing due to the increase in chronic diseases, fall, violence, injuries, accidents and aging. According to the World Health Organization (WHO), approximately 15% of the world’s population has some form of disability. According to The Centers for Disease Control and Prevention 6 in 10 Adults in the US has a chronic disease.
Global Patient Handling Equipment Market Regional Analysis–
The Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period owing to the rising healthcare expenditure and growing population in countries like India and China in this region. In addition, increasing advancements in research development initiative, high population growth rate and improving healthcare infrastructure are drawing medical devices’ manufacturers to develop manufacturing sites in these countries. According to Organisation for Economic Co-operation and Development(OECD), in high income Asia-Pacific countries, the share of population aged over 65 years is expected to double to reach and on average 27.6% in 2050, whereas the share of population aged over 80 years is expected to triple between 2015-2050 to reach 10.2%.
North America is expected to show a significant growth in the global patient handling equipment market due to increasing geriatric population, increasing prevalence of work-related musculoskeletal disorders, chronic and lifestyle associated diseases and increasing demand for home healthcare in this region. In addition, the patient handling equipment market is growing due to presence of large number of healthcare facilities, trained professionals and demand for better services along with supportive regulations for patient safety in this region.
Regional & Country Analysis
- Rest of Europe
- South Korea
- Rest Of APAC
- Rest of South America
Middle East and Africa
- Saudi Arabia
- South Africa
- Rest Of MEA
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Our Market Research Solution Provides You Answer to Below Mentioned Question:
- Which are the driving factors responsible for the growth of the market?
- Which are the roadblock factors of this market?
- What are the new opportunities, by which market will grow in coming years?
- What are the trends of this market?
- Which are the main factors responsible for new product launches?
- How big are the global & regional markets in terms of revenue, sales, and production?
- How far will the market grow in the forecast period in terms of revenue, sales, and production?
- Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
- How will each segment grow over the forecast period and how much revenue will these segments account for in 2028?
- Which region has more opportunities?
Key Benefits for Patient Handling Equipment Market Report–
- Global Market report covers in depth historical and forecast analysis.
- Global Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
- Global Market report helps to identify opportunities in marketplace.
- Global Market report covers extensive analysis of emerging trends and competitive landscape.
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