Patient Handling Equipment Market Size to Reach USD 14.0 billion by 2027, at a CAGR of 6.2%

"The patient handling equipment market is projected to grow at a CAGR of 6.2% between 2022 and 2027."

The global patient handling equipment market is projected to reach USD 14.0 billion by 2027 from USD 10.4 billion in 2022, at a CAGR of 6.2% during the forecast period. Growth in the patient handling equipment market can be largely attributed to factors such as rising numbers of patients admissions in hospitals, the increasing obese and geriatric population and the increasing risk of injuries or accidents to healthcare providers during the manual handling of patients. Furthermore, a significant factor hampering the market growth is the inadequate training given to caregivers for the effective operation of patient handling equipment.

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"Patient transfer devices is expected to register the highest growth during the forecast period. "

By type, the market is further segmented into stretchers & transport chairs, mobility devices, bathroom & toilet assist equipment, medical beds, and patient transfer devices. The patient transfer devices segment is expected to register highest growth of the patient handling equipment market in 2021. The high share of this segment is due to the growing number of installation of ceiling lifts in hospitals and the rising adoption of patient lifts for bariatric patient handling.

"Hospital segment accounted for the largest share in the patient handling equipment market in 2021"

By end users, the market is further segmented into home care settings, hospitals, and other end users. The hospitals segment accounted for the largest share of the patient handling equipment market in 2021. This is due to rising number of patient population, growing geriatric population, rising number of disabled people, and the increasing number of injuries caused during the patient handling process.

"Europe accounted for the largest share of the patient handling equipment market in 2021."

In 2021, Europe accounted for the largest share of the global patient handling equipment market. The region's large share can be attributed to the rising number of government and non-government initiatives to adopt safe patient handling equipment and the widespread number of patient handling equipment manufacturers in Europe. The Asia Pacific market is projected to register the largest CAGR during the forecast period of 2022-2027. The expansion of healthcare facilities in Asian countries is responsible for the market growth in the Asia Pacific region.

The break-down of primary participants is as mentioned below:

By Company Type - Tier 1:55%, Tier 2: 30%, and Tier 3: 15%
By Designation - C-level: 50%, Director-level: 35%,and Others: 15%
By Region - North America: 48%,Europe: 32%, Asia Pacific: 15%,and Rest of the World: 5%.
Key players in the Patient Handling Equipment Market

The key players operating in the patient handling equipment market include include Arjo (Sweden), Baxter International Inc. (US), Savaria (Canada), Invacare Corporation (US), Stryker (US), Drive DeVilbiss Healthcare (US), Etac AB (Sweden), GF Health Products, Inc. (US), V. Guldmann A/S (Denmark), Joerns Healthcare LLC (US), Medline Industries, Inc. (US), Prism Medical UK Ltd. (UK), LINET (Czech Republic), Stiegelmeyer GmbH & Co. KG (Germany), Benmor Medical (UK), Malvetio Spa (Italy), EZ Way, Inc. (US), Ossenberg GmbH (Germany), Antano Group (Italy), Winncare (UK), Getinge AB (Sweden).

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Research Coverage:

The report analyzes the patient handling equipment market and aims at estimating the market size and future growth potential of various market segments, based on type, technology, end user, and region. The report also provides a competitive analysis of the key players operating in this market, along with their company profiles, product offerings, recent developments, and key market strategies.

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This release was published on openPR.