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Patient Handling Equipment Market Size, Share, Trends, Drivers And Industry Forecast Report 2023-2032
Patient Handling Equipment Market Report
The Business Research Company's Patient Handling Equipment Global Market Report 2023 identifies an increase in the size of the geriatric population as the major driver for the patient handling equipment market's growth in the forecast period. The older population accounts for a higher percentage of hospital admissions owing to the high risk of acquiring chronic and other diseases, thereby generating a higher need for patient handling equipment. According to the World Health Organization, in 2020, there were 1 billion people in the world who were aged 65 years and above. The numer is expected to rise to 1.4 billion by 2030 and 2.1 billion by 2050. Therefore, an increase in the size of the geriatric population is anticipated to boost the demand for the patient handling equipment market during the forecast period.
The global patient handling equipment market grew from $20.35 billion in 2022 to $21.25 billion in 2023 at a compound annual growth rate (CAGR) of 4.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The patient handling equipment market is expected to grow from $24.62 billion in 2027 at a CAGR of 3.8%.
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Major competitors in the patient handling equipment market are ArjoHuntleigh Inc., Hill-Rom Holdings Inc., Invacare Corporation, Stryker Corporation, Drive Divilbiss Healthcare Inc.,
A key trend in the patient handling equipment market includes the development of smart wheelchairs. A smart wheelchair is a power wheelchair fitted with sensors, cameras, and a computer-based system as the main processing unit, allowing it to handle complex tasks. Major organizations and researchers are concentrating on smart wheelchairs that incorporate sensors and intelligence to reduce the need for human interaction.
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The patient handling equipment market is segmented -
•By Product Type: Wheelchairs, Mobility Scooters, Medical Beds, Patient Transfer Equipment, Other Product Types
•By Care Type: Critical Care, Fall Prevention, Bariatric Care, Wound Care, Other Care Types
•By End-User: Biopharmaceutical And Pharmaceutical Companies, Research Institutes, Homecare, Hospitals, Other End-Users
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the patient handling equipment market.
The Business Research Company's "Global Patient Handling Equipment Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Patient Handling Equipment Market Include:
1. Executive Summary
2. Patient Handling Equipment Market Characteristics
3. Patient Handling Equipment Market Trends And Strategies
4. Patient Handling Equipment Market - Macro Economic Scenario
5. Patient Handling Equipment Market Size And Growth
……
26. Africa Patient Handling Equipment Market
27. Patient Handling Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Patient Handling Equipment Market
29. Patient Handling Equipment Market Future Outlook and Potential Analysis
30. Appendix
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