Patient Handling Equipment Market Is Expected To Grow At US$ 44.7 Billion By 2031

The global patient handling equipment market was valued at USD 23.2 billion in 2021 and it is anticipated to grow up to USD 44.7 billion by 2031, at a CAGR of 6.8% during the forecast period.

Patient handling equipment are used for patients that require physical assistance, as well as for people under medication or illness. The patient handling equipment are generally used at hospitals, home care settings, elderly care facilities and rehabilitation centre among others. The patient handling equipment ensures the safety of doctors as well as caregivers while handling patients. Moreover, it also reduces the possibility of patient injuries,

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Market Trends and Drivers

Rising incidence of disabilities upsurges the business progression. The increasing disabled population across the globe drives the adoption of patient handling equipment. According to the WHO, in 2019, around 15% of the world's population lives with a certain form of disability, and amongst them 2% to 4% experience difficulties in functioning. The number of disabled people is escalating due to rapid spread of chronic diseases.

 Disabled people need patient handling equipment to carry out their daily activities smoothly. The rising cases of disability will significantly propel patient handling equipment market growth over the analysis period. Furthermore, due to the COVID-19 outbreak, there is a drastic rise in the demand for medical beds across the globe.

The increasing corona cases across the globe are forcing governments of developed and emerging countries to increase their patient handling capacities. The public health systems are providing funds to procure the required hospital infrastructure with medical beds that are one of the important requirements. The upsurge in fundraising for associated with patient handling equipment are some other major factors that will positively impact on the market growth.

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Major Players in the Global Patient Handling Equipment Market

The key players in the market are Getinge , Stryker Corporation, Invacare, Hill Rom Services, Guldmann, Stiegelmeyer, LINET, Joerns Healthcare, HoverTech International, Handicare, Prism Medical, Ossenberg, Drive Medical, Antano Group and ORTHOS XXI, among others.

COVID-19 Impact

The impact of COVID-19 on the patient handling equipment industry is observed to be positive. The COVID-19 pandemic had a positive impact on the patient handling equipment market, and the market is expected to witness exponential growth in the coming years. COVID-19 is an infectious disease caused by the SARS CoV-2 virus.

Most people who fall sick with COVID-19 will experience mild to moderate symptoms and recover at home, but some require serious medical attention. During this period, the overall growth of various sectors has been heavily impacted. Industries such as hospitality, oil & petroleum, and aeronautics are experiencing a steep fall in revenues while industries such as healthcare, pharmaceutical, and biotechnology are using this situation to serve a maximum number of patients and hospitals.

The pandemic has led to a significant increase in the demand for patient handling solutions for efficient treatment and care. According to the CDC, in January 2021, approximately 69.8 per 100,000 people were hospitalized in the age group of 65 and above. Such a high rate of hospitalization has increased the demand for medical beds in hospitals as many hospitals and healthcare centers were out of beds for COVID-19 treatment and or other chronic diseases associated with it like lung diseases. These requirements have triggered the demand for patient handling equipment for enhanced safety and to reduce the risk of injuries while treating patients. The demand and adoption of patient handling equipment have been constant throughout the pandemic. Some of the foremost players in the patient handling equipment market grew organically with the surge of COVID-19.

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Global Patient Handling Equipment Market Segmentation

By Product

Wheelchairs and Scooters
Manual wheelchair
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

By Application

Acute & Critical Care
Long Term Care
Mobility Assistance
Fall Prevention
Others

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By Route of Administration

Hospitals
Home Care Settings
Elderly Care Facilities
Others

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This release was published on openPR.