Patient Handling Equipment Market by Type (Patient Transfer Devices (Lifts, Slings, Sliding Sheets), Electrical Medical Beds, Mobility Devices (Powered Wheelchairs, Mobility Scooters) Stretcher, End User (Hospitals, Home Care) – Global Forecast to 2026

2021-12-09
Price :
Published : Dec-2021
No. of Pages : 295

“The patient handling equipment market is projected to grow at a CAGR of 2.3% between 2021 and 2026.”

The global patient handling equipment market is projected to reach USD 13.9 billion by 2026 from USD 12.4 billion in 2021, at a CAGR of 2.3% during the forecast period. The growth of this market is primarily driven by the rising geriatric and obese populations, high risk of injuries to caregivers during the manual handling of patients, growing patient admissions in hospitals, and the implementation of regulations ensuring the safety of healthcare personnel during the manual lifting process. However, a lack of training provided to caregivers for the efficient operation of patient handling equipment is a major factor restraining market growth.

“Patient transfer devices was the largest and fastest-growing segment in the type of patient handling equipment market in 2020”

Based on type, the patient handling equipment market is segmented into mobility devices, medical beds, bathroom & toilet assist equipment, patient transfer devices, and stretchers & transport chairs. In 2020, the patient transfer devices segment accounted for the largest share of the patient handling equipment market. The large share of this segment can primarily be attributed to the increasing installation of ceiling lifts in hospitals and the growing adoption of patient lifts for bariatric patient handling.

“Hospital segment is the largest end user segment in the patient handling equipment market in 2020”

Based on end users, the patient handling equipment market is segmented into hospitals, home care settings, and other end users. In 2020, the hospitals segment accounted for the largest share of the patient handling equipment market. This can be attributed to the growing patient population, rising geriatric population, growing number of disabled people, and the rising number of injuries caused during the patient handling process.

“Europe to witness the highest growth rate during the forecast period.”

Europe accounted for the largest share of the global patient handling equipment market. The large share of this regional segment is attributed to the growing number of government and non-government initiatives regarding the adoption of safe patient handling equipment and the presence of a large number of patient handling equipment manufacturers in Europe. The Asia Pacific market is projected to register the highest CAGR during the forecast period. Market growth in the Asia Pacific is attributed to the growing number of healthcare facilities in Asian countries.

The break-down of primary participants is as mentioned below:

  • By Company Type – Tier 1:55%, Tier 2: 30%, and Tier 3: 15%
  • By Designation – C-level: 50%, Director-level: 35%,and Others: 15%
  • By Region – North America: 48%,Europe: 32%, AsiaPacific: 15%,and Rest of the World: 5%.

Key players in the Patient Handling Equipment Market

The key players operating in the patient handling equipment market include Hill-Rom Holdings (US), Arjo (Sweden), Invacare Corporation (US) and Stryker (US).

Research Coverage:

The report analyzes the patient handling equipment market and aims at estimating the market size and future growth potential of various market segments, based on type, technology, end user, and region. The report also provides a competitive analysis of the key players operating in this market, along with their company profiles, product offerings, recent developments, and key market strategies.

Reasons to Buy the Report

This report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them garner a greater share of the market. Firms purchasing the report could use one or a combination of the below-mentioned strategies to strengthen their positions in the market.

This report provides insights on:

  • Market Penetration: Comprehensive information on the product portfolios of the top players in the Veterinary Ultrasound Market. The report analyzes this market by type, end user, and region.
  • Market Development: Comprehensive information on the lucrative emerging markets, type, end user, and region
  • Market Diversification: Exhaustive information about the product portfolios, growing geographies, recent developments, and investments in the patient handling equipment market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, product offerings, and capabilities of the leading players in the patient handling equipment market
Filed in: Medical Device
Publisher : marketsandmarkets
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