Patient Handling Equipment Market by 2028 Business Overview, Manufacturers Profile, Type, Application, Strategic Business Planning | Stryker Corporation, Bayer AG, Hill-Rom Holdings Inc, Invacare Corporation

Growing incidence of disability post surgeries to augment patient handling equipment market growth

Market Overview:

Patient handling equipment is an assistive devices enable hospitalized patients in mobility who lack the strength to control the body movements.

Competitive Landscape:

Stryker Corporation, Bayer AG, Hill-Rom Holdings Inc, Invacare Corporation. Other prominent vendors incorporated the strategies of mergers, acquisition for patient handling and care include Etac Ltd, Guldmann Inc, Prism Medical Ltd, Stiegelmeyer Inc, Benmor Medical Ltd, Linet Americas Inc and ArjoHuntleigh Inc

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Key Market Drivers:

Growing incidence of disability post surgeries is driving growth of the patient handling equipment market. According to the World Health Organization, in 2017, an estimated 1.8 million patients suffered from some form of disability in 2015 and then approximately globally each year, the number of disabilities being expected to increase to 2.43 million patients by 2030.

Increasing demand for advance medical products in medical field, growing need of equipment's to handle patients post critical surgeries such as orthopedic, cardiac and bariatric surgeries is again fostering market growth.

Covid-19 Impact Analysis

The COVID-19 pandemic crisis has had significant impact on the practice of patient handling equipment. There was disruption in supply of raw materials used for production of patient handling equipment due to lockdown and social distancing norms.

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Key Takeaways:

1. The patient handling equipment market is expected to over the forecast period owing to the growing instance of disability post surgeries. Also, increasing prevalence of musculoskeletal disorders is again anticipated to augment market growth.

2. North America is expected to gain significant growth over the forecast period owing to the increasing number of surgeries, growing aging population, and rapid adoption of advanced medical technologies.

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This release was published on openPR.