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Patient Handling Equipment Market Outlook Report 2024-2033 | Size, Trends, Analysis, Insights, Overview
Patient Handling Equipment Market
The Business Research Company offers in-depth market insights through Patient Handling Equipment Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The patient h&ling equipment market size has grown steadily in recent years. It will grow from $21.25 billion in 2023 to $22.1 billion in 2024 at a compound annual growth rate (CAGR) of 4.0%. The growth in the historic period can be attributed to increased geriatric population, increased healthcare expenditure, increasing prevalence of chronic diseases, strong economic growth in emerging markets and regulations favoring disabled friendly places.
The patient h&ling equipment market size is expected to see steady growth in the next few years. It will grow to $26.19 billion in 2028 at a compound annual growth rate (CAGR) of 4.3%. The growth in the forecast period can be attributed to healthcare infrastructure improvements, rise in healthcare expenditure, and rapid growth in the geriatric population. Major trends in the forecast period include focus on incorporating sensors and intelligence in wheelchairs to reduce the need for human interaction, investing extensively in r&d activities for the development of effective and innovative treatments, strategic collaborations to boost innovations, products and services that can establish category leadership, and adopting rfid technology to enhance patient experience.
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Market Segmentation:
The patient handling equipment market covered in this report is segmented -
1) By Product Type: Wheelchairs, Mobility Scooters, Medical Beds, Patient Transfer Equipment, Other Product Types
2) By Care Type: Critical Care, Fall Prevention, Bariatric Care, Wound Care, Other Care Types
3) By End-User: Homecare, Hospitals, Other End-Users
Major Driver - Rising Geriatric Population Is The Driving Force For Growth In The Patient Handling Equipment Market
The increasing geriatric population profile of most countries contributes to the growth of the patient handling equipment market. 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, the number of people aged 65 years and above 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.
Competitive Landscape:
Major companies operating in the patient handling equipment market report are Invacare Corporation, Hill-Rom Holdings Inc., ArjoHuntleigh Inc., Joerns Healthcare LLC, Handicare Group AB, Drive Divilbiss Healthcare Inc., ETAC AB, Gf Health Products Inc., Prism Medical UK, Guldmann Inc., Etac Limited, Arjo, Handicare (Xiamen) Co. Ltd., Linet Inc., Stryker Corporation, V. Guldmann A/S, Hill-Rom India Private Limited, Ottobock SE & Co, LINET, Malvestio, Ossenberg, Antano Group, Stiegelmeyer, Mangar Health, Lojer Oy, KNESTEL Technologie & Elektronik GmbH, Imaxdi, Karma, Reac Poland Sp.Zoo, Paramount Bed Holdings, Umano Medical, MEDITEK, AGA Sanitätsartikel GmbH, Drive DeVilbiss Healthcare, Brumaba GmbH & Co. KG, medifa-hesse GmbH & Co. KG, UFSK-International OSYS GmbH, Stiegelmeyer GmbH & Co. Kg, OpeMed Ltd., DJO LLC, Hill-Rom Services Inc, Getinge AB, Sunrise Medical LLC, Benmor Medical Limited, Paramount Bed Co. Ltd., Drive DeVilbiss Sidhil Ltd., Medline Industries Inc.
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Top Trend - Smart Wheelchairs Revolutionize Patient Handling Equipment By Enhancing Mobility And Independence
The development of smart wheelchairs is a key trend gaining popularity in the patient handling equipment market. 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. For instance, in March 2023, Golden Technologies LLC, a US-based company that manufacturer mobility and healthcare products, including wheelchairs launched new lightweight foldable power wheelchairs, GP301 Stride aluminum folding power wheelchair and the GP302 Cricket carbon fiber folding power wheelchair. These wheelchairs are perfect for people who require mobility help because they are made to be adaptable and simple to travel .
The Table Of Content For The Market Report 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
…..
27. Patient Handling Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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