In 2015, the global market for patient handling equipment was worth USD 9.6 billion. This market is expected to grow rapidly due to the increasing importance of regulations and guidelines for manual handling.
Regulations, such as the Lifting Equation with Recommended Weight Limit (RWL), by the National Institute of Occupational Safety & Health, ensure that patients are handled effectively and caregivers are protected from injury. The Centers for Disease Control and Prevention's Workplace Safety and Health Council, Manual Handling Code of Practice and European Agency for Safety & Health at Work(EU-OSHA), have also provided guidelines that will increase patient handling equipment.
North America - Market share for patient handling equipment, by product, 2013-2024 (USD Million).
The market for patient handling equipment will be driven by the growing prevalence of disabilities and the increase in the elderly population over the forecast period. According to World Health Organization estimates, there will be approximately 1.18 million people with some form of disability by 2021. By 2031, that number will rise to 1.43 million. In the near future, growth will be driven by technologically advanced and safer products that can be used easily and protect caregivers from MSDs.
2015 saw a significant increase in the number of medical beds. The growth in medical beds is due to the increasing use of equipment in hospitals, long-term acute care centers, nursing homes, trauma centers, nursing homes, and home care. Additionally, the demand for medical beds has increased due to upgrades such as adjustable angles and bed frames. Advanced beds will be in high demand because of their key benefits, including shear and friction reductions, battery backup and ease-of-use assembly and disassembly.
Due to increasing incidences of medical conditions like pressure ulcers, burns, postoperative injuries, venous leg ulcers, and diabetic ulcers, wound care was identified as a dominant segment in 2015. The industry's growth is expected to be boosted by the advancements in wound care technology, including stem cell therapy and hyperbaric oxygen treatment, bioengineered tissues, and negative pressure wound therapy.
Hospitals dominated the end-use market in 2015 due to their increasing use of patient handling equipment to ensure the safety of caregivers and patients. Market growth is also due to the increasing implementation of safety guidelines, and the pressure from the government authorities to adhere to these guidelines.
The National Patient Safety Agency, for example, monitors incidents involving patients in hospitals to improve patient health in the UK. Market growth will be driven by the increased expenditure on healthcare infrastructure to provide better services and facilities.
In 2015, Europe accounted for a significant revenue share in the global patient handling equipment market. This is due to Europe's large number of healthcare facilities and trained professionals. It also has a demand for higher quality services, as well as supportive regulations for patient safety.
North America, however, is expected to grow at an attractive rate because of rising demand for homecare equipment, growing geriatric population and supportive government assistance to improve infrastructure and medical facilities. The market is expected to grow due to an increase in Musculoskeletal Disorders, which will continue to rise over the forecast period.
Stryker Corporation, Hill-Rom Holdings, Inc., Invacare Corporation, Getinge Group, Guldmann, Inc., Stiegelmeyer, Inc., Benmor Medical Ltd., Sidhil, Ltd., ArjoHuntleigh, Inc., Joerns Healthcare, Inc., Handicare, Inc., Mangar International Ltd., Linet Americas, Inc., and Prism Medical Ltd. are some of the key players in this market
This industry is competitive and key players are involved with activities such as new product launches, strategic collaborations, technological advancements and acquisitions. Stryker, for example, announced in December 2013 that it had acquired Patient Safety Technologies, Inc. to increase its business in the patient handling and care segment. Sidhil Ltd. introduced a new pediatric specialist bed in January 2016 as an addition to its existing products to increase its sales.
Up Market Research published a new report titled “Patient Handling Equipment Market research report which is segmented by Type (Fall Prevention, Bariatric Care, Critical Care, Wound Care), by End Use (Hospitals, Elderly Care Facilities, Home Care Settings), by Product (Mechanical & Nonmechanical Equipment, Ambulatory Aids, Medical Beds, Wheelchairs & Scooters), By Players/Companies Inc; Handicare, Stryker Corporation; Hill-Rom Holdings, Inc; Mangar International Ltd; Linet Americas, Inc; Benmor Medical Ltd; Sidhil, Inc; Stiegelmeyer, Ltd; ArjoHuntleigh, Inc; Etac Ltd; Joerns Healthcare, Inc; Invacare Corporation; Getinge Group; Guldmann, Inc; and Prism Medical Ltd”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Patient Handling Equipment Market Research Report |
By Type | Fall Prevention, Bariatric Care, Critical Care, Wound Care |
By End Use | Hospitals, Elderly Care Facilities, Home Care Settings |
By Product | Mechanical & Nonmechanical Equipment, Ambulatory Aids, Medical Beds, Wheelchairs & Scooters |
By Companies | Inc; Handicare, Stryker Corporation; Hill-Rom Holdings, Inc; Mangar International Ltd; Linet Americas, Inc; Benmor Medical Ltd; Sidhil, Inc; Stiegelmeyer, Ltd; ArjoHuntleigh, Inc; Etac Ltd; Joerns Healthcare, Inc; Invacare Corporation; Getinge Group; Guldmann, Inc; and Prism Medical Ltd |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 233 |
Number of Tables & Figures | 164 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type (Fall Prevention, Bariatric Care, Critical Care, Wound Care), by End Use (Hospitals, Elderly Care Facilities, Home Care Settings), by Product (Mechanical & Nonmechanical Equipment, Ambulatory Aids, Medical Beds, Wheelchairs & Scooters).
Patient Handling Equipment Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Patient Handling Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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