Global Patient Handling Equipment Market by Investment Feasibility By Hill-Rom, Stryker Corporation, Getinge Group, and Paramount Bed Holdings

Patient handling equipment market is expected to witness significant growth due to growing acceptance of these equipment owing to their wide array of applications. Rising prevalence of disabilities and high adoption rate of these equipment to cater needs of patients has led their increased usage.

Favorable government legislations, launch of new innovative products, increased investment by the major players in research and development should escalate the industry growth. Furthermore, implementation of regulations against the manual lifting of patients such as Safe Patient Handling Policy in UK and other developed countries around world would aid in growth of the market.

Competitive Market Share

Some of the major industry players are Hill-Rom, Stryker Corporation, Getinge Group, and Paramount Bed Holdings Co., Ltd. The key players adopt various strategies such as new product development, collaborations and expansions to expand their market position and product portfolio. For instance, in May 2017, Hill-Rom introduced Envella Air Fluidized Therapy Bed. This bed provides high quality of care for patients suffering from advanced wounds. This bed is designed to make patients more comfortable and easy to use for caregivers.

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Patient Handling Equipment Market, By Product

Medical beds accounted for largest market share in 2016 and is projected to grow at 10.3% CAGR over the forecast period. Advancement in technology particularly in ICU beds, increased number of critical care patients, will attribute to the growth of the market. The technological advancement has led to patient care to be more individualized and patient specific which has increased the patient compliance and comfort.

Patient Handling Equipment Market, By End-use

Hospitals held the largest revenue share in 2016 and is projected to show similar trend over the forecast period. The increasing number of patient requiring critical care in hospitals will attribute to the growth of this market. A paradigm shift has been occurring where in patient are preferring home care settings over hospitals. This can be attributed to increased patient comfort and decreased cost due to which the home care settings segment will show fastest growth rate over the forecast period.

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Table of Content:

Chapter 1.  Methodology

1.1. Research methodology

1.1.1.   Initial data exploration

1.1.2.   Statistical model and forecast

1.1.3.   Industry insights and validation

1.1.4.   Market definition and forecast parameters

1.2. Data sources

1.2.1.   Primary

1.2.2.   Secondary

Chapter 2.  Executive Summary

2.1. Patient handling equipment industry 3600 synopsis, 2013 - 2024 (USD Million)

2.1.1.   Business trends

2.1.2.   Product trends

2.1.3.   Application trends

2.1.4.   End-use trends

2.1.5.   Regional trends

Chapter 3.  Patient Handling Equipment Industry Insights

3.1.    Industry segmentation

3.2.    Industry landscape, 2013 - 2024 (USD Million)

3.3.    Industry impact forces

3.3.1.   Growth drivers

3.3.1.1.  Escalating incidence of disabilities

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https://www.marketstudyreport.com/reports/global-medical-scheduling-software-market-by-manufacturers-countries-type-and-application-forecast-to-2023/?utm_source=SS-DC  

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