Press release
Patient Handling Equipment Market Worth USD 12.6 Billion by 2024 | Leading Companies are Arjo (Sweden), Invacare (US), and Hill-Rom Holdings (US)
The growth of this market is largely driven by the rising 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. On the other hand, the persistent difficulties in handling bariatric patients are expected to limit market growth to a certain extent.
Patient Handling Equipment Market is projected to reach USD 12.6 billion by 2024 from USD 8.9 billion in 2019, at a CAGR of 7.2% during the forecast period.
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The wheelchairs & mobility scooters segment is expected to account for the largest share of the mobility devices market in 2019
Based on type, the mobility devices market is segmented into wheelchairs & mobility scooters and ambulatory aids. The wheelchairs & mobility scooters segment is expected to account for the largest share of the mobility devices market. The increasing geriatric, obese, and disabled population is the key factor contributing to the growth of this market. This includes patients suffering from chronic and degenerative diseases such as heart diseases, cancer, and diabetes, all of which result in old-age disability. Similarly, being obese increases the likelihood of a person suffering from related co-morbidities that make it difficult to perform day-to-day tasks without assistance.
Browse in-depth TOC on "Patient Handling Equipment Market"
102 - Tables
23 - Figures
160 - Pages
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Hospitals are the largest end users of patient handling equipment
Based on end user, the patient handling equipment market is segmented into hospitals, home care settings, and other end users (elderly care facilities, emergency medical services, long-term acute care centers, trauma centers, and nursing homes). The hospitals segment is expected to account for the largest share of this market in 2019. The large share of this segment is primarily attributed to the growing patient population, rising geriatric population, growing number of disabled people, increasing number of injuries caused during the patient handling process, and the increasing preference for patient handling equipment over manual handling in hospitals.
Europe will continue to dominate the patient handling equipment market during the forecast period
On the basis of region, the patient handling equipment market is segmented into North America, Europe, the Asia Pacific, and the Rest of the World (RoW). In 2019, Europe is expected to account for the largest share of this market, followed by North America. The large share of this regional segment is attributed to the growing number of government and non-government initiatives regarding the adoption of safe patient handling equipment, wide acceptance of a "no-lift" approach in European countries, and the presence of a large number of equipment manufacturers in Europe.
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Key Players
The major players in the patient handling equipment market include
Arjo (Sweden), Hill-Rom Holdings (US), Invacare Corporation (US), Handicare (Sweden), GF Health Products (US), Etac (Sweden), Joerns Healthcare (US), Medline Industries, Inc. (US), Drive DeVilbiss Healthcare (US), Prism Medical UK (UK), EZ Way, Inc. (US), LINET (Czech Republic), Savaria (Canada), Malvestio (Italy), Ossenberg (Germany), Stryker Corporation (US), AirPal, Inc. (US), Antano Group (Italy), Stiegelmeyer (Germany), McAuley Medical (US), Mangar Health (UK), PARAMOUNT BED CO., LTD. (Japan), Lojer Oy (Finland), Guldmann (US), and SM Scientific Instruments (India).
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