Press release
Global Patient Handling Equipment Market: Most Strategic Ways To Accelerate Business Growth By 2026
Global Patient Handling Equipment Market business analysis and revenue growth
The Patient Handling Equipment Market report has laid down segments tailored to the size, growth rate and overall market attractiveness of the market, the study provides an analysis of the company's market share to provide a comprehensive overview of key market players. The SWOT analysis shows what drivers and restrictions the Patient Handling Equipment market has to offer.
The number of users is increasing daily, sales, imports, exports, income and CAGR values are multiplying and accordingly the forecast period 2019-2026 is now projected to be a period of boom for the Patient Handling Equipment market.
Global patient handling equipment market is projected to register a healthy CAGR of 10.6% in the forecast period of 2019 to 2026.
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Product Launch: Global patient handling equipment market
In 2019, Hill-rom services, inc. announced the launch of LINQ, a mobile application. This app will help the patients to easily be in contact with the ones who are treating them. Due to this launch, patient experience with the company will improve and their needs will meet timely.
In 2018, Drive DeVilbiss announced the addition of Semi‐Electric and Manual Crank beds in its product portfolio. Due to the features like durability, heavy duty, polyethylene mold, these beds serve as an enhancement to the service provided under medical beds category.
In 2016, Handicare introduced a motorized mobile lift which reduced the carers risk and eliminated load injuries. The invention of this lift enhanced the product portfolio of the company.
DRIVERS: Global patient handling equipment market
RISING GERIATRIC POPULATION:
Geriatric population is the population of people above the age of 60. The global population of older people continues to grow at an unmatched rate. According to United Nation (World Population Prospects) in 2017, an estimated 962 million people were aged 60 or over in the world, which would be 13.0% of the total global population. It is growing at a rate of about 3.0% per year.
There will be regional Increase in geriatric population from 2017 to 2050.
In Latin America and the Caribbean, there was a total of 12% geriatric population in 2017. But by the coming of 2050, it is estimated to rise up to 25%.
In Asia, the population will account to 24% which in 2017 was only 12%.
Similarly in Africa and North America, there will be a rise in geriatric population from 5% to 9% and 22% to 28% respectively.
INCREASING PREVALENCE OF CHRONIC DISEASES:
INCREASING PREVALENCE OF CHRONIC DISEASES:
Chronic diseases are conditions that usually can be controlled but not cured. The people living with chronic diseases often must manage daily symptoms which affect their quality of lives and experience acute health complications and difficulties reducing their life expectancy.
According to the World Health Organization (WHO) data, Cardiovascular diseases are responsible for most deaths, 17.9 million people annually, followed by cancers (9.0 million), respiratory diseases (3.9million), and diabetes (1.6 million). The people suffering from these diseases need proper care and a long-term stay in hospital. For their cure, medical beds are required as most of the people of this group are bedridden and need specifically featured medical beds.
RESTRAINTS: Global patient handling equipment market
HIGH COST OF ADVANCED WHEELCHAIRS:
Wheelchairs are available in different categories like manual and powered. Powered wheelchairs are used more these days as these ensure the independent life. Electric powered wheelchairs help in keeping the pace with the demands of active life. Nowadays, there has been vast availability in wheelchairs. But, the prices of these wheelchairs are also going to rise above the average level for the people to afford.
Standard Wheelchairs cost up to 500 USD. Whereas, the price of Power Wheelchairs is in between 1,200 – 2,500 USD.
Following are some of the types of wheelchairs and their prices:
Standing Wheelchairs – 5,000 – 16,000 USD
Reclining Wheelchairs- 300 – 800 USD
Tilting Wheelchairs- 300 – 1,700 USD
Bariatric Wheelchairs- 300 – 3,000 USD
Lightweight Wheelchairs- 150 – 3,500 USD
LACK OF PROFESSIONALS HAVING ACCESS TO TECHNOLOGY:
In healthcare organizations, it is very tough to manage technology and efficient operations. When healthcare workers are not adequately trained, it affects the organization as well as the patient. Lack of skilled professionals can leave patients frustrated and confused about the equipment that are being used for them.
According to Becker’s Hospital Review, 23.0% of healthcare professionals accepted that they do not have sufficient access to technology. While, 29.0% of professional nurses also agreed on the part that no proper training has been given to handle equipment used for patient’s handling.
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Market Segmentation: Global patient handling equipment market
On the basis of accessories market is segmented into
lifting accessories and
Transfer accessories etc.
On the basis of end user market is segmented into
home and
hospital
Based on geography
North America &
South America,
Europe,
Asia-Pacific and,
Middle East & Africa
Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia and, Brazil among others. In 2017, North America is expected to dominate the market.
Based on product type market is segmented into
wheelchair,
scooters,
medical beds,
bathroom safety,
mechanical,
ambulatory aids
On the basis of type of care market is segmented into
bariatric care,
critical care and
wound care
Key Players: Global patient handling equipment market
Stryker,
V. Guldmann A/S,
DJO,
Hill-Rom,
Invacare Corporation,
Etac Group,
Etac R82 UK,
Joerns Healthcare,
Permobil,
Prism Medical Products, LLC,
Patterson Medical,
Linet spol. s r.o.,
Prism Medical UK,
Joerns Healthcare,
Arjo,
Hill-Rom,
Mangar International,
Sidhil Ltd,
Stiegelmeyer & Co. GMBH,
Invacare Europe,
Invacare Australia & New Zealand, INVACARE (UK) LIMITED, Permobil Danmark A/S, Permobil New Zealand Ltd, LINET Group SE, LINET Americas, Handicare North America, Handicare Stairlifts UK and others.
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