Patient Handling Equipment Market: Growing Product Development by Market Players in Recent Years is projected to Boost Market Growth at a Healthy CAGR of 8.3% during the Forecast Period :

Pune, India, July 2020/MRFR Press Release/- Market Research Future has published its half-cooked research report on the Global Patient Handling Equipment Market.

Market Highlights

According to MRFR analysis, the Global Patient Handling Equipment Market is expected to register a CAGR of 8.3% during the forecast period of 2020 to 2027 and was valued at USD 8,953.92 Million in 2019.

Several established players dominate the market. The key players are involved in product launches and strategic collaborations to strengthen their market positions. For instance, in February 2020, LINET, a European hospital and nursing beds manufacturing company, entered into a strategic collaboration with Sizewise (US) to expand its distribution network across the US region. This agreement was aimed to accelerate the company’s growth in the coming years.

Patient handling equipment is used for patients under medication, ill, and immobile. In addition, this equipment helps caregivers in:

  • Reduce workers’ compensation rates by 61%

  • Decreases lost workdays by 66%

  • Cuts restricted workdays by 38%

Regional Analysis

The market has been divided, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Americas are expected to be the largest market owing to the growing number of disabilities in the region. For instance, according to the U.S. Census Bureau, in 2017, about 12.6% of the US population were suffering from some form of disability. The patient handling equipment market in the Americas has further been categorized as North America and Latin America, with the North American market divided into the US and Canada. The European patient handling equipment market has been branched into Western Europe and Eastern Europe. The Western European market has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The patient handling equipment market in Asia-Pacific has been divided into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. Due to the high geriatric population and rising adoption of patient lifts for bariatric patients, the market in Asia-Pacific is expected to be the fastest-growing market. The patient handling equipment market in the Middle East & Africa has been segmented into the Middle East and Africa.

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Global Patient Handling Equipment Market has been segmented based on Product, Application, and End User.

The market, based on the product, has been segmented into patient transfer devices, medical beds, mobility devices, bathroom & toilet assist equipment and stretchers & transport chairs. The patient transfer devices segment is likely to hold a significant share during the review period. The rising preference for patient handling equipment over manual handling is propelling the growth of the segment. About 82% of caregivers get injured during manual patient lifting and handling. Hence, this equipment help to avoid the injuries caused during patient handling.

The market, based on application, has been segmented into acute & critical care, long term care, mobility assistance, and others. The acute & critical care segment is likely to hold the largest share during the review period, due to the rising cases of chronic disease such as COVID-19, heart disorder, and chronic others. In 2019, about 46% of the total US adult population which is about 116.4 million adults were estimated to suffer from hypertension. The end-user segments of the market include hospitals, home care settings, and others. The hospital segment is expected to hold the largest share of the market owing to the increasing patient population and rising adoption of patient handling equipment in hospitals. For instance, in the US the total number of medical beds in hospitals was about 924,107 in 2018 which has increased from 894,574 in 2016.

Key Players

Some of the key players in the global patient handling equipment market are Arjo (Sweden), Hill-Rom Services Inc. (US), Invacare Corporation (US), Handicare (Sweden), GF Health Products, Inc.  (the US), Etac AB (Sweden), Joerns Healthcare LLC (US), Medline Industries, Inc. (US), McAuley Medical, Inc. (US), Prism Medical UK (UK), EZ Way, Inc. (US), LINET (Czech Republic), Savaria (Canada), Malvestio Spa (Italy), Ossenberg GmbH (Germany), Stryker (US), and Stiegelmeyer GmbH & Co. KG (Germany).