Patient Handling Equipment Market Report Phenomenal Growth, Revenue To Soar To USD 13.5 Billion by 2026: Facts and Factors

The global Patient Handling Equipment market in 2019 was approximately USD 8.86 Billion. The market is expected to grow above a CAGR of 11% and is anticipated to reach over USD 13.5 Billion by 2026.

Patient handling equipment allows to move, transfer, or assist an individual or part of the body comfortably in medical facilities. While handling the patients this equipment ensures the safety of the doctors or caregivers. Mechanical equipment that is used to physically handle patients on the basis of medical conditions evaluation, generally based on the safety requirements of the caregiver, the medical, and recovery. Additionally, the patient handling equipment helps to improve care quality as well as it helps in maintaining patients' personal hygiene.

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The rising old age population, coupled with the increasing obese population across the are major factors driving the growth of the global patient handling equipment market. For instance, according to the data published by World Health Organization, the old age population aged 60 years and older is anticipated to more than 2 billion by 2050, u from 900 million in the year 2015. Further, in the year 2019, it has been found that approximately, 38 million children below the age of 5 were obese. Also, increasing numbers of COVID-19 patients across the globe is another factor fuelling the growth of the global market. Moreover, the implementation of the regulations ensuring the safety of healthcare personnel during the manual lifting process is expected to propel the growth of the global market over the forecast period. However, lack of guidance given to clinicians in the effective use of patient handling equipment is a major factor hindering the growth of the global patient handling equipment market. Nevertheless, growth in the demand for home healthcare services worldwide is anticipated to create potential opportunities for the key players in the global market.

The patient handling equipment market is segmented into type, application, end-user, and region segment. The type segment is segmented into medical beds, wheelchairs and scooters, mechanical lifting & transfer equipment, ambulatory aid devices, bathroom safety supplies, and others. Based on the application segment the target market is divided as acute & critical care, long term care, mobility assistance, fall prevention, and others. Also, based on the end-user segment the target market is segregated into hospitals, home care settings, elderly care facilities, and others.

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Geographically, North America accounted for the largest share of the global demand for patient handling equipment across the region owing to the growing prevalence of chronic diseases. In addition, well-developed healthcare infrastructures and technical advancements are some factors that fuel consumer demand in the North American region. In the forecast time frame, Europe is projected to see significant growth in the demand for equipment. Some factors driving the demand in the European region during the forecast period are the increasing old age population, presence of leading players in the region.

Top key players operating in the market Arjo, Drive DeVilbiss Healthcare, Hill-Rom Holdings, Invacare Corporation, Handicare, GF Health Products, Etac, Joerns Healthcare, Medline Industries, Inc., Prism Medical UK, Malvestio, Ossenberg, EZ Way, Inc., LINET, McAuley Medical, Mangar Health, Savaria, Stryker Corporation, AirPal, Inc., Antano Group, Stiegelmeyer, PARAMOUNT BED CO., LTD., Lojer Oy, Guldmann, and SM Scientific Instruments amongst others.

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This report segments the patient handling equipment market as follows:

Global Patient Handling Equipments Market: Type Segment Analysis

Wheelchairs and scooters

Manual wheelchair

Folding frame manual wheelchairs
Rigid frame manual wheelchairs

Powered wheelchair
Mobility scooters

Medical beds

Acute care beds
Long term care beds
Bariatric beds
Others

Mechanical lifting & transfer equipment
Ambulatory aid devices
Bathroom safety supplies
Others

Global Patient Handling Equipments Market: Application Segment Analysis

Acute & critical care
Long term care
Mobility assistance
Fall prevention
Others

Global Patient Handling Equipments Market: End-user Segment Analysis

Hospitals
Home care settings
Elderly care facilities
Others

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