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Prominent Patient Handling Equipment Market Trend for 2025: Smart Wheelchairs Revolutionize Patient Handling Equipment By Enhancing Mobility And Independence
Patient Handling Equipment
The surge in the elderly demographic in most nations contributes to the expansion of the patient handling equipment market. This age group makes up a substantial proportion of hospitalizations due to their heightened susceptibility to chronic and other conditions, subsequently leading to a growing demand for patient handling equipment. The World Health Organization forecasts that the population aged 65 years and over will increase to 1.4 billion by 2030 and 2.1 billion by 2050. As such, a growing elderly population is expected to fuel the demand for the patient handling equipment market in the projected period.
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What Is the projected market size and growth rate for the patient handling equipment market?
The market size for patient handling equipment has seen a dramatic increase in the past few years. The market which is valued at $19.18 billion in 2024, is predicted to rise to $23.07 billion in 2025, boasting a compound annual growth rate (CAGR) of 20.3%. Factors contributing to this significant increase in the previous interval include a surge in the elderly population, escalating expenditure in healthcare, a rise in chronic disease prevalence, robust economic advancement in developing markets, and guidelines promoting disability-friendly environments.
Expectations are high for substantial growth in the patient handling equipment market size in the coming years. The market is projected to reach $31.24 billion by 2029 with a compound annual growth rate (CAGR) of 7.9%. Factors contributing to this growth during the forecasted period include enhancements in healthcare infrastructure, increased health care spending, and a rapidly aging population. Noteworthy trends for the forecasted period encompass incorporating sensor and smart technology in wheelchairs to lessen human interaction requirements, significant investment in R&D for pioneering effective treatments, strategic partnerships aimed at fostering innovation, goods and services capable of establishing category dominance, and the utilization of RFID technology to improve patient encounters.
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What trends are poised to drive the future success of the patient handling equipment market?
The emergence and spread of innovations such as smart wheelchairs is an important trend in the patient handling equipment market. These advanced wheelchairs are essentially power wheelchairs equipped with sensors, cameras, and computer systems that facilitate their operation by performing complex tasks. Several organizations and researchers are focusing on designing smart wheelchairs that utilise sensors and intelligence to minimize human involvement. For instance, in March 2023, Golden Technologies LLC, an American firm known for manufacturing mobility and healthcare equipment including wheelchairs, unveiled two new lightweight foldable power wheelchairs: the GP301 Stride aluminum folding power wheelchair and the GP302 Cricket carbon fiber folding power wheelchair. These wheelchairs are ideal for individuals who require mobility assistance as they are designed to be versatile and easy to transition for travel purposes.
What major market segments define the scope and growth of the patient handling equipment market?
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
Subsegments:
1) By Wheelchairs: Manual Wheelchairs, Powered Wheelchairs, Lightweight Wheelchairs
2) By Mobility Scooters: 3-Wheel Mobility Scooters, 4-Wheel Mobility Scooters, Heavy-Duty Mobility Scooters
3) By Medical Beds: Manual Hospital Beds, Electric Hospital Beds, Bariatric Beds
4) By Patient Transfer Equipment: Patient Slings, Transfer Boards, Patient Lifts
5) By Other Product Types: Walkers and Rollators, Bedside Commodes, Gait Trainers
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Which region dominates the patient handling equipment market?
North America was the largest region in the patient handling equipment market in 2024. Western Europe was the second largest region in the global patient handling equipment market report. The regions covered in the patient handling equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Which key market leaders are driving the patient handling equipment industry growth?
Major companies operating in the patient handling equipment market include 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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What Is Covered In The Patient Handling Equipment Global Market Report?
• Market Size Forecast: Examine the patient handling equipment market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the patient handling equipment market for a structured understanding.
• Key Players Overview: Analyze major players in the patient handling equipment market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the patient handling equipment market.
• Segment Contributions: Evaluate how different segments drive overall growth in the patient handling equipment market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the patient handling equipment market.
• Industry Challenges: Identify potential risks and obstacles affecting the patient handling equipment market.
• Competitive Landscape: Review strategic developments in the patient handling equipment market, including expansions, agreements, and new product launches.
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