Press release
Rising Geriatric Population Is The Driving Force For Growth In The Patient Handling Equipment Market: An Emerging Driver Transforming The Patient Handling Equipment Market Landscape
Patient Handling Equipment
What Is the Projected Growth of the Patient Handling Equipment Market?
Over the past few years, the market size for patient handling equipment has seen significant expansion. It will see an increase from $19.18 billion in 2024 to $23.07 billion in 2025, with a compound annual growth rate (CAGR) of 20.3%. Factors that contributed to growth in the historic period include an escalating elderly population, higher spending on healthcare, a rise in chronic disease prevalence, robust economic advancement in emerging markets, and regulations that promote accessibility for disabled individuals.
Expectations are high for a robust expansion in the patient handling equipment market in the coming years, with a projected growth of $31.24 billion by 2029, reflecting a compound annual growth rate (CAGR) of 7.9%. Factors contributing to this upswing in the forecast period include enhancements in healthcare infrastructure, escalated healthcare spending, and a rapid increase in the elderly population. Key tendencies during this prediction period fold in a high emphasis on the integration of sensors and intelligence in wheelchairs to minimize human intervention, substantial investment in research and development for generating effective and novel treatments, strategic alliances to spur innovations, and products and services that can create category dominance, coupled with the adoption of RFID technology to amplify the patient experience.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=3241
What Are the Different Patient Handling Equipment Market Segments?
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
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3241&type=smp
What Are the Primary Drivers Shaping the Patient Handling Equipment Market?
The escalation in the number of elderly individuals in most nations is fostering the expansion of the market for patient handling equipment. The aging demographic is responsible for a significant proportion of hospital visits due to their elevated susceptibility to chronic and other health conditions, therefore enhancing the demand for patient handling equipment. As per the World Health Organization's data, the population aged 65 and above is predicted to reach 1.4 billion by 2030, eventually swelling to 2.1 billion by 2050. Consequently, the anticipated growth in the elderly populace is likely to stimulate the demand for the patient handling equipment market during the projection period.
Which Companies Are Leading in the Patient Handling Equipment Market?
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.
What Trends Are Expected to Dominate the Patient Handling Equipment Market in the Next 5 Years?
The rise of intelligent wheelchairs is an emerging trend that is gaining traction in the patient handling equipment market. These hi-tech wheelchairs are equipped with sensors, cameras, and a computer-based management system that allows them to execute complicated tasks. Prominent companies and researchers are focusing on developing intelligent wheelchairs that employ sensors and smart technology to minimize human intervention. For example, in March 2023, Golden Technologies LLC, an American manufacturing company of mobility and healthcare products, unveiled their 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 in need of mobility aid as they are designed to be versatile and travel-friendly.
Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/patient-handling-equipment-global-market-report
What Are the Top Revenue-Generating Geographies in 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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Patient Handling Equipment Market?
2. What is the CAGR expected in the Patient Handling Equipment Market?
3. What Are the Key Innovations Transforming the Patient Handling Equipment Industry?
4. Which Region Is Leading the Patient Handling Equipment Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Rising Geriatric Population Is The Driving Force For Growth In The Patient Handling Equipment Market: An Emerging Driver Transforming The Patient Handling Equipment Market Landscape here
News-ID: 4005873 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Patient
Patient Portal Market: Empowering Patient-Centric Healthcare
In recent years, the global Patient Portal Market has witnessed a dynamic shift, influenced by changing consumer preferences, technological advancements, and a growing emphasis on sustainability. The Research report on Patient Portal Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. It also provides and a lot of business matrices including…
Patient Portal Market: Empowering Patient-Centric Healthcare
In recent years, the global Patient Portal Market has witnessed a dynamic shift, influenced by changing consumer preferences, technological advancements, and a growing emphasis on sustainability. The Research report on Patient Portal Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. It also provides and a lot of business matrices including…
Future Growth: Patient Advocacy Solutions Market Sees Promising Growth in 2024 | …
The latest research study released by Worldwide Market Reports on "Patient Advocacy Solutions Market 2024" holds tons of experience in offering comprehensive and accurate analysis of global as well as regional markets. The analysts and researchers authoring the report have provided a deeper competitive analysis of the Patient Advocacy Solutions market along with exhaustive company profiling of leading market players. This research study of the Patient Advocacy Solutions Market involved…
Factors Influencing Global Digital Patient Empowerment Services Market through 2 …
The worldwide "Digital Patient Empowerment Services Market" 2023 Research Report presents a professional and complete analysis of the Global Digital Patient Empowerment Services Market in the current situation. This report includes development plans and policies along with Digital Patient Empowerment Services manufacturing processes and price structures. the reports 2023 research report offers an analytical view of the industry by studying different factors like Digital Patient Empowerment Services Market growth, consumption…
Growing Demand For Patient Handling Equipment & Patient Positioning Devices To A …
As per Fact.MR, a market research and competitive intelligence provider, the global patient lateral transfer devices market is anticipated to top US$ 500 Mn by 2031, progressing at a CAGR of 7% over the forecast period of 2021 to 2031.
Lateral transfer is a repositioning aid or equipment that reduces friction and makes it easier and safer to transfer patients laterally.
Patient lateral transfer devices are designed to stay with the…
Patient Perspectives - Patient Reported Outcomes Drive Drug Development, But Imp …
GBI Research, the leading business intelligence provider, has released its latest research, Patient Perspectives Patient Reported Outcomes Drive Drug Development, but Improving Patient Involvement Remains a Challenge. The report examines the role of patients in changing the research agenda and helping pharma companies to bring effective medicines that meet real unmet medical needs into the market place. It explores the use of patient reported outcomes in drug development, with a…
