Patient Support Equipment Market is Predicted to Register Highest Growth Value during 2020-2025 | Stryker, Hill-Rom, Invacare, Prism Medical, Getinge Group, Guldmann

Overview of Global Patient Support Equipment Market:

This report provides in-depth study of "Global Patient Support Equipment Market 2020" using SWOT analysis i.e. Strength, Weakness, Opportunities, and Threat to the organization. The Patient Support Equipment Market report also provides an in-depth survey of key players in the market organization.

Major key factors driving the growth of the Global Patient Support Equipment Market are increasing geriatric population, high risk of injuries to caregivers during the manual handling of patients, and the implementation of regulations ensuring the safety of healthcare personnel during manual lifting processes. As per the WHO estimates in 2014, the estimated global burden of disease by 2021 should approximately involve 1.18 million patients per year who are expected to suffer from some disability or the other and around 1.43 million patients per year by 2031. Introduction of technologically advanced and safe products that are easy to use and prevent MSDs in caregivers are expected to drive growth in the near future.

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Firstly, the report provides a basic overview of the Market including its definition, applications and manufacturing technology. Then, the report explores the international and Chinese major Market players in detail. In this part, the report presents the company profile, product specifications, capacity, production value, and 2020-2025 market shares for each company.

In terms of the regional analysis, APAC market is estimated to grow at the highest CAGR during the forecast period. Factors such as the increasing incidence of MSD-caused injuries to caregivers, growth in the elderly population, healthcare infrastructure improvements, and the increasing prevalence of chronic diseases are the major factors driving market growth in the APAC. In addition, the overall expansion of economies in India, China, and Southeast Asia has further compelled key industry players to invest in this region owing to the lucrative opportunities presented by this market.

Global Key Vendors:

1 Stryker Corporation

2 Hill-Rom Holdings

3 Invacare Corporation

4 Prism Medical Ltd

5 Getinge Group

6 Guldmann Inc

7 Linet Spol. S.R.O.

8 Stiegelmeyer & Co. GmbH

9 Handicare

10 Joerns Healthcare and More...................

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Product Type Segmentation

1 Critical Care

2 Bariatric Care

3 Fall Prevention

4 Wound Care

5 Other Patient Handling Equipment

Industry Segmentation

1 Hospitals

2 Home Care Settings

3 Elderly Care Facilities

Global Medical Industry News:

Hillrom (March 24, 2020) - Hillrom More Than Doubles Production Of Critical Care Products, Including Ventilators, Hospital Beds And Vitals Monitoring Devices To Support COVID-19 Response - Hillrom today announced actions it is taking to support customers and caregivers with critical care products necessary to meet COVID-19 patient needs.

Hillrom's business operations continue with no material interruption as global demand for several critical products has grown substantially. The company is working to significantly ramp up production of these products, with the goal of more than doubling capacity in the following areas:

1 Respiratory health, especially Life2000, a non-invasive ventilator currently approved in the U.S. that is portable, lightweight and ideal for treating patients with mild to moderate respiratory distress across various acute care settings, including the emergency department, med-surg and post-ventilator weaning support. Expanded use of non-invasive ventilation can free up capacity for invasive ventilators for the most serious COVID-19 patients. Hillrom is working to increase its production capacity of Life2000 five-fold on an annualized basis.

2 ICU and med-surg unit smart beds, including the company's Progressa ICU bed, Centrella Smart+ bed, and, for international markets, the Hillrom 900 and Hillrom 900 Accella.

3 Patient monitoring and diagnostics, including the company's Connex and Spot Vital Signs monitors as well as physical assessment tools and consumables, including thermometry, probe covers and blood pressure devices and cuffs.

"We are committed to scaling production as rapidly as we can to meet the challenges the world is facing with COVID-19," said Hillrom President and CEO John Groetelaars. "Hillrom's critical care, vitals monitoring and respiratory products can help caregivers and patients as coronavirus continues to cause severe illness around the world. We are focused on our employees' health and safety, and on ensuring that our products are available when and where our customers and patients need them."

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Major Points in Table of Contents:

Global Patient Support Equipment Market Report 2020

1 Patient Support Equipment Product Definition

2 Global Patient Support Equipment Market Manufacturer Share and Market Overview

2.1 Global Manufacturer Patient Support Equipment Shipments

2.2 Global Manufacturer Patient Support Equipment Business Revenue

2.3 Global Patient Support Equipment Market Overview

3 Manufacturer Patient Support Equipment Business Introduction

3.1 Stryker Corporation Patient Support Equipment Business Introduction

3.2 Hill-Rom Holdings, Inc. Patient Support Equipment Business Introduction

3.3 Invacare Corporation Patient Support Equipment Business Introduction

3.4 Prism Medical Ltd. Patient Support Equipment Business Introduction

3.5 Getinge Group Patient Support Equipment Business Introduction

3.6 Guldmann Inc. Patient Support Equipment Business Introduction

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