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What's driving the Patient Handling Equipment Market growth? Key Players are: Stryker, Besco Medical Co., Getinge AB, Hill-Rom Holdings, Paramount Bed Co., Span-America Medical Systems Invacare Corporation, Malvestio S.P.A., Medline Industries

04-09-2019 07:22 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: marketstudyreport.com

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What's driving the Patient Handling Equipment Market growth?

Market Study Report newly added the Global Patient Handling Equipment Market size Report that gives meticulous investigation of current scenario of the Market size, share, demand, growth, trends, and forecast in the coming years. Patient Handling Equipment Market will exceed USD 23 billion by 2024; as per a new research report.

Mobility assistance segment contributed to largest revenue of USD 3,123.8 million in 2017 owing to rising prevalence of obesity. According to World Health Organization (WHO), about 1.9 billion adults were overweight in 2016. Increasing burden of obesity will escalate demand for patient handling equipment that assist in mobility of patients in healthcare centers, thus propelling segmental growth.

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Prominent industries involved in patient handling equipment market are Besco Medical Co., Ltd, Getinge AB, Hill-Rom Holdings, Inc., Invacare Corporation, Malvestio S.P.A., Medline Industries, Inc., Paramount Bed Co., Ltd., Span-America Medical Systems, Inc. and Stryker. These prominent business players focus on strategies such as mergers, new product launch and acquisitions to strengthen market position. For instance, in July 2015, Stryker announced acquisition of Muka Metal, A.S., a developer of medical beds, stretcher and other equipment. This acquisition will enable the company to expand its geographic outreach and broaden its product portfolio for long-term growth in future.

Rising geriatric population will drive patient handling equipment market growth in upcoming years. Elderly people are more prone to injuries due to falling as their frailty level is high. Aging population coupled with increasing incidence of injury due to falling will drive the need for patient handling equipment, thereby fostering industry growth.

Medical beds segment accounted for largest revenue of USD 2,961.1 million in 2017. Availability of wide range of medical beds for different application such as labor management, treating patients suffering from dementia are major factors for its growth. Improved design to provide maximum comfort to patients will favor segmental growth in the future.

Increasing burden of disabled population will escalate demand for patient handling equipment. According to World Health Organization (WHO), about 15% of the world population lives with some form of disabilities. Disabled people require patient handling equipment for their activities of daily living. Increasing number of disabled people will drive industry growth during the forecast period.

Hospitals segment accounted for largest revenue of USD 5,119.7 million in 2017. High growth rate is attributable to presence of technologically advanced patient handling equipment. Availability of well-trained and skilled healthcare personnel offering care to geriatric and disabled patients will support segmental growth during the projected timeframe.

Germany dominated European region with market share of 22.2% during 2017. High growth rate is attributable to rising number of disabled people. According to German Federal Statistical Office, in 2017, around 7.8 million German people were living with severe disabilities. Growing burden of disabled people across the projected timeframe will favor regional growth in the future.

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Japan dominated Asia Pacific region with market share of 38.5% in 2017, owing to increasing burden of geriatric population. As per Internal Affairs Ministry survey, about 2.06 million people in Japan aged above 90 years and approximately 11.9% people aged above 60 years. Large number of geriatric populaces will lead to increased demand for patient handling equipment, favoring regional growth in the forecast timeline.

Report Content

Chapter 1. Methodology

1.1. Methodology

1.2. Market definitions

1.3. Forecast parameters

1.4. Data sources

1.4.1. Secondary

1.4.1.1. Paid sources

1.4.1.2. Unpaid sources

1.4.2. Primary

Chapter 2. Executive Summary

2.1. Patient handling industry 360 degree synopsis, 2013 - 2024 (USD Million)

2.1.1. Business trends

2.1.2. Product trends

2.1.3. Application trends

2.1.4. End-use tends

2.1.5. Regional trends

Chapter 3. Patient Handling Equipment Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2013 - 2024

3.3. Industry impact forces

3.3.1. Growth drivers

3.3.1.1. Escalating incidence of disabilities

3.3.1.2. Rising geriatric population

3.3.1.3. Risk of injuries to caregivers during manual handling of patients

3.3.1.4. Implementation of regulations ensuring safety of healthcare personnel against manual lifting of patients

3.3.2. Industry pitfalls & challenges

3.3.2.1. Insufficient training provided to caregivers to operate patient handling equipment

3.3.2.2. Difficulties in manual handling of bariatric patients

3.4. Growth potential analysis

3.4.1. By product

3.4.2. By application

3.4.3. By end-use

3.5. Regulatory landscape

3.5.1. U.S.

3.5.2. Europe

3.6. Porter's analysis

3.7. Competitive landscape, 2017

3.7.1. Strategy dashboard

3.8. PESTEL analysis

Chapter 4. Patient Handling Equipment Market, By Product

4.1. Key segment trends

4.2. Wheelchairs and scooters

4.2.1. Market size, by region, 2013-2024 (USD Million)

4.3. Medical beds

4.3.1. Market size, by region, 2013-2024 (USD Million)

4.4. Bathroom safety supplies

4.4.1. Market size, by region, 2013-2024 (USD Million)

4.5. Mechanical and transfer equipment

4.5.1. Market size, by region, 2013-2024 (USD Million)

4.6. Ambulatory aids

4.6.1. Market size, by region, 2013-2024 (USD Million)

4.7. Others

4.7.1. Market size, by region, 2013-2024 (USD Million)

Chapter 5. Patient Handling Equipment Market, By Application

5.1. Key segment trends

5.2. Acute and critical care

5.2.1. Market size, by region, 2013-2024 (USD Million)

5.3. Long term care

5.3.1. Market size, by region, 2013-2024 (USD Million)

5.4. Mobility Assistance

5.4.1. Market size, by region, 2013-2024 (USD Million)

5.5. Fall Prevention

5.5.1. Market size, by region, 2013-2024 (USD Million)

5.6. Others

5.6.1. Market size, by region, 2013-2024 (USD Million)

Complete report titled at https://www.marketstudyreport.com/reports/patient-handling-equipment-market

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