Press release
Patient Handling Equipment Market to Reach $35.21 Billion by 2034, Growing at a CAGR of 6.4%
The global patient handling equipment market was valued at USD 18.95 billion in 2024 and is projected to reach USD 35.21 billion by 2034, growing at a compound annual growth rate (CAGR) of 6.4% from 2025 to 2034.
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Market Preface
In medical spaces, patient handling equipment is utilized to move, support, or transport the body parts of the patients easily. These devices ensure the safety of doctors and caregivers while managing patients. The use of patient handling equipment also contributes to improved patient hygiene and care standards.
Several industry players are focusing on developing technologically advanced equipment in the market to provide safer and more efficient handling of patients. The adoption of innovative tools such as adaptable chairs, lateral transfer systems, and ceiling lifts with smart technology, along with appropriate staff exercises and training, enhances patient and caregiver experiences.
Market Drivers
Growing Elderly Population: One of the prominent market drivers is the aging population. As people become older, they often encounter physical turn down, making it more difficult for them to move and care for themselves independently. As per the United Nations, the number of people aged 60 or older is anticipated to reach 2.1 billion by 2050, roughly double the aggregate in 2017. This demographic shift creates a notable requirement for patient-handling devices that can offer secure and efficient solutions, driving the growth of the patient-handling equipment market.
Rise in Chronic Illnesses: The surge in chronic illnesses and disabilities is another major market driver. The World Health Organization (WHO) reports that roughly 60% of adults in the US live with at least one chronic condition, such as arthritis, diabetes, or cardiovascular disease. These conditions frequently cause reduced mobility and independence, resulting in a growing need for patient handling equipment.
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Competitive Landscape Analysis
Patient handling equipment market firms are actively involved in the advancement and supply of several patient handling devices such as lifts, wheelchairs, and transfer aids. Key companies are mentioned below:
• Hill-Rom Holdings, Inc.
• Arjo AB
• Invacare Corporation
• Stryker Corporation
• Etac AB
• Guldmann Inc.
• Medline Industries, Inc.
• Drive DeVilbiss Healthcare
• Joerns Healthcare LLC
• Handicare Group AB
• Prism Medical Ltd.
• Mangar Health Ltd.
• Stiegelmeyer GmbH & Co. KG
• DJO Global, Inc.
• Sunrise Medical (US) LLC
Patient Handling Equipment Market Developments
• November 2024 - Stryker introduced a new series of transport stretchers engineered to minimize physical strain on healthcare workers and enhance patient comfort during transfers. This innovation supports workplace safety while improving the overall patient experience.
• October 2024 - Hill-Rom announced a strategic partnership with a major healthcare provider to co-develop next-generation smart hospital beds. These beds will feature advanced monitoring technologies aimed at improving patient outcomes and streamlining hospital operations through enhanced data-driven care.
Geographical Landscape
Regionally, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
North America accounts for the largest patient handling equipment market share owing to advanced healthcare infrastructure, elevated healthcare disbursement, and a growing elderly population.
Asia Pacific is experiencing rapid growth due to growing healthcare funding and improving healthcare infrastructure in nations such as China, India, and Japan. The growing cases of chronic illnesses, along with the aging population, are driving high demand for patient handling devices.
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Segmentation Outlook:-
By Application Outlook (Revenue-USD Billion, 2020-2034)
• Bariatric Care
• Acute Care
• Long-Term Care
• Rehabilitation
• Others
By Type Outlook (Revenue-USD Billion, 2020-2034)
• Patient Lifts
• Medical Lifting Slings
• Wheelchairs
• Transport Chairs
• Stretchers
• Medical Beds
• Bathroom & Toilet Assist Devices
By End Use Outlook (Revenue-USD Billion, 2020-2034)
• Hospitals
• Homecare
• Elderly Care
• Other Healthcare
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