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Key Trends Influencing the Growth of the Patient Handling Equipment Market in 2025: Smart Wheelchairs Revolutionize Patient Handling Equipment By Enhancing Mobility And Independence
Patient Handling Equipment Market
What Will the Patient Handling Equipment Industry Market Size Be by 2025?
In recent years, the size of the patient handling equipment market has seen substantial growth. Its value is predicted to increase from $19.18 billion in 2024 to $23.07 billion in 2025, maintaining a compound annual growth rate (CAGR) of 20.3%. This significant expansion during the historic phase can be credited to factors such as a growing elderly population, an increase in health care spending, a rise in the epidemic of chronic diseases, robust economic growth in emerging markets, and regulations promoting environments that are more accommodating for the disabled.
What's the Long-Term Growth Forecast for the Patient Handling Equipment Market Size Through 2029?
In the coming years, substantial growth is anticipated for the patient handling equipment market. This market is projected to expand to $31.24 billion by 2029, with a 7.9% compound annual growth rate (CAGR). The projected growth during the forecast period is linked to the enhancement in healthcare infrastructure, increased spending in healthcare, and a rapid surge in the elderly population. Upcoming trends for this period include integrating sensors and advanced technology with wheelchairs to minimize human intervention, substantial investment in research and development to create effective and innovative therapies, strategic partnerships to foster innovations and establish product and service leadership in the category, and the incorporation of RFID technology to improve patient experience.
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What Are the Key Growth Drivers Fueling the Patient Handling Equipment Market Expansion?
The rise in the aged population in most nations contributes to the expansion of the patient handling equipment market. The elderly population accounts for a significant proportion of hospital admissions due to their increased susceptibility to chronic and other diseases, thereby fueling the demand for patient handling equipment. As per the World Health Organization, it is estimated that the population of individuals aged 65 years and above will soar to 1.4 billion by 2030 and 2.1 billion by 2050. Consequently, the growth in the geriatric population is projected to stimulate the demand for the patient handling equipment market in the forecast period.
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What Are the Key Trends Driving Patient Handling Equipment Market Growth?
The emergence of intelligent wheelchairs is a prominent trend becoming prevalent in the patient handling equipment industry. These are power wheelchairs equipped with sensors, cameras, and a computer-based system as the principal processing mechanism, enabling them to manage sophisticated tasks. Both key organizations and researchers are focusing on intelligent wheelchairs that use sensors and intelligence to minimize the necessity for human intervention. As an example, Golden Technologies LLC, a US-based firm that produces mobility and healthcare goods including wheelchairs, unveiled new lightweight collapsible power wheelchairs in March 2023: the GP301 Stride aluminum folding power wheelchair and the GP302 Cricket carbon fiber folding power wheelchair. These wheelchairs are tailored for people who need mobility assistance, providing versatility and easy transport.
How Is the Patient Handling Equipment Market Segmented?
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 Companies Are Leading the Charge in Patient Handling Equipment Market Innovation?
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.
Which Regions Are Leading the Global Patient Handling Equipment Market in Revenue?
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
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