PUBLISHER: Acute Market Reports | PRODUCT CODE: 1162507
PUBLISHER: Acute Market Reports | PRODUCT CODE: 1162507
Patient Handling Equipment Market - Growth, Future Prospects and Competitive Analysis, 2022 - 2030
Patient handling equipment market to exhibit lucrative growth during the forecast period
The global patient handling equipment market is Increasing emergency procedures, trauma, growing commonness of disabilities, injuries among the elderly, and faster patient transportation with higher safety along with the growing adoption of branded equipment drives the overall patient handling equipment market growth. New technological evolution in the transfer and lifting equipment would also drive the overall market.
Medical beds segment is expected to register higher growth by the end of 2030
Overall sales of patient handling equipment is expanding significantly, mainly in the Asia Pacific and Western Europe. The market is further fuelled with rising private institutional nursing and the entry of major international players from Europe and the U.S. in domestic markets. Wide range of patient handling equipment, mainly in the wheelchair and scooters segment incorporate experts to meet the dynamic demand. Growing emergency care services, high investment in the medical beds segment in the hospitals and clinics is driving the growth successfully. Increasing super-specialty healthcare accommodations globally along with rising investment and adoption of new products with long-term care beds, curative care beds, and psychiatric care beds are fulfilling the demand globally.
The clinics segment is expected to register higher growth by the end of 2030
Stable development in the hospitals and clinics segment expected to grow at healthier CAGR. The shifting dynamics in critical and emergency care, demand for convenience in patient transfer from and to departments along with increasing trauma cases and injuries among the elderly population is generating determined revenue in the current time and expected to do so in the coming years. Moreover, expanded use of accessories, enhanced applications of lifting and transfer equipment for improved outcomes are driving the overall development of the market. Nevertheless, higher costs, and formless reimbursement structure in emerging nations are hindering the growth of patient handling equipment market.
Increasing demand for advanced equipment, and the presence of established players holds North America in dominant position
North America to contribute maximum revenue share in the global patient handling equipment market. Major factors enhancing the growth in North America and Europe include advanced elderly care management, high adoption of top quality equipment, growing number of partnerships and long term business engagements, and augmenting demand for advanced products in the developing nations. However, in developing economic regions such as Asia Pacific and Latin America, availability of advanced equipment is inadequate. Lack of swift emergency care along with skilled professionals, less accessibility of high-end product types and very high cost along with no reimbursement is limiting the overall growth of the patient handling equipment market.
Dominance of multinational manufacturers with strong product portfolio in the developed regions
Major players in the patient handling equipment market are: DJO Global, Linet, Inc. Handicare, Inc., Benmor Medical Ltd., Hill Rom Holdings, Inc., Spectra Care Group, Etac Ltd., Guldmann, Inc., Joerns Healthcare LLC, Permobil AB, Stiegelmeyer, Inc., Mangar International Ltd., Stryker Corporation, Patterson Medical Holdings, Inc. and others. Manufacturers are implementing growth strategies along with technological advancement in transfer and lifting accessories. Furthermore, rapid product launch, expansion to hospitals and clinics in the form of partnerships will further spur revenue growth in future.
Historical & Forecast Period
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Patient Handling Equipment market are as follows:
- Research and development budgets of manufacturers and government spending
- Revenues of key companies in the market segment
- Number of end users and consumption volume, price and value.
Geographical revenues generate by countries considered in the report:
Micro and macro environment factors that are currently influencing the Patient Handling Equipment market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
Market Segmentation
Type
- Wheelchairs and Scooters
- Medical Beds
- Bathroom Safety Supplies
- Mechanical Lifting Equipment and Non-mechanical Lifting Equipment
- Ambulatory Aids
- Other Accessories (Stretcher Accessories, Hospital Bed Accessories, Transfer Accessories, Evacuation Accessories)
End User
- Hospitals
- Clinics and Nursing Homes
- Academic and Research Institutions
- Rehabilitation and Elderly Care Centers
Region Segment (2020-2030; US$ Million)
- North America
- U.S.
- Canada
- Rest of North America
- UK and European Union
- UK
- Germany
- Spain
- Italy
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- GCC
- Africa
- Rest of Middle East and Africa
Global Impact of COVID-19 Segment (2020-2021; US$ Million )
- Pre COVID-19 situation
- Post COVID-19 situation
Key questions answered in this report:
- What are the key micro and macro environmental factors that are impacting the growth of Patient Handling Equipment market?
- What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
- Estimated forecast and market projections up to 2030.
- Which segment accounts for the fastest CAGR during the forecast period?
- Which market segment holds a larger market share and why?
- Are low and middle-income economies investing in the Patient Handling Equipment market?
- Which is the largest regional market for Patient Handling Equipment market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- Which are the key trends driving Patient Handling Equipment market growth?
- Who are the key competitors and what are their key strategies to enhance their market presence in the Patient Handling Equipment market worldwide?
Table of Contents
1. Preface
- 1.1. Report Description
- 1.1.1. Purpose of the Report
- 1.1.2. Target Audience
- 1.1.3. Key Offerings
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.3.1. Phase I - Secondary Research
- 1.3.2. Phase II - Primary Research
- 1.3.3. Phase III - Expert Panel Review
- 1.3.4. Assumptions
- 1.3.5. Approach Adopted
2. Executive Summary
- 2.1. Market Snapshot: Global Patient Handling Equipment Market
- 2.2. Global Patient Handling Equipment Market, By Type, 2021 (US$ Million)
- 2.3. Global Patient Handling Equipment Market, By End User, 2021 (US$ Million)
- 2.4. Global Patient Handling Equipment Market, By Geography, 2021 (US$ Million)
- 2.5. Impact of Covid 19
- 2.6. Attractive Investment Proposition by Geography, 2021
- 2.7. Competitive Analysis
- 2.7.1. Market Positioning of Key Patient Handling Equipment Market Vendors
- 2.7.2. Strategies Adopted by Patient Handling Equipment Market Vendors
- 2.7.3. Key Industry Strategies
3. Patient Handling Equipment Market: Business Outlook & Market Dynamics
- 3.1. Introduction
- 3.2. Global Patient Handling Equipment Market Value, 2020 - 2030, (US$ Million)
- 3.3. Market Dynamics
- 3.3.1. Market Drivers
- 3.3.2. Market Restraints
- 3.3.3. Key Challenges
- 3.3.4. Key Opportunities
- 3.4. Impact Analysis of Drivers and Restraints
- 3.5. See-Saw Analysis
- 3.6. Porter's Five Force Model
- 3.6.1. Supplier Power
- 3.6.2. Buyer Power
- 3.6.3. Threat Of Substitutes
- 3.6.4. Threat Of New Entrants
- 3.6.5. Competitive Rivalry
- 3.7. PESTEL Analysis
- 3.7.1. Political Landscape
- 3.7.2. Economic Landscape
- 3.7.3. Technology Landscape
- 3.7.4. Legal Landscape
- 3.7.5. Social Landscape
4. Patient Handling Equipment Market: By Type, 2020-2030, USD (Million)
- 4.1. Market Overview
- 4.2. Growth & Revenue Analysis: 2021 Versus 2030
- 4.3. Market Segmentation
- 4.3.1. Wheelchairs and Scooters
- 4.3.2. Medical Beds
- 4.3.3. Bathroom Safety Supplies
- 4.3.4. Mechanical Lifting Equipment and Non-mechanical Lifting Equipment
- 4.3.5. Ambulatory Aids
- 4.3.6. Other Accessories (Stretcher Accessories, Hospital Bed Accessories, Transfer Accessories, Evacuation Accessories)
5. Patient Handling Equipment Market: By End User, 2020-2030, USD (Million)
- 5.1. Market Overview
- 5.2. Growth & Revenue Analysis: 2021 Versus 2030
- 5.3. Market Segmentation
- 5.3.1. Hospitals
- 5.3.2. Clinics and Nursing Homes
- 5.3.3. Academic and Research Institutions
- 5.3.4. Rehabilitation and Elderly Care Centers
6. North America Patient Handling Equipment Market, 2020-2030, USD (Million)
- 6.1. Market Overview
- 6.2. Patient Handling Equipment Market: By Type, 2020-2030, USD (Million)
- 6.3. Patient Handling Equipment Market: By End User, 2020-2030, USD (Million)
- 6.4.Patient Handling Equipment Market: By Region, 2020-2030, USD (Million)
- 6.4.1.North America
- 6.4.1.1. U.S.
- 6.4.1.2. Canada
- 6.4.1.3. Rest of North America
- 6.4.1.North America
7. UK and European Union Patient Handling Equipment Market, 2020-2030, USD (Million)
- 7.1. Market Overview
- 7.2. Patient Handling Equipment Market: By Type, 2020-2030, USD (Million)
- 7.3. Patient Handling Equipment Market: By End User, 2020-2030, USD (Million)
- 7.4.Patient Handling Equipment Market: By Region, 2020-2030, USD (Million)
- 7.4.1.UK and European Union
- 7.4.1.1. UK
- 7.4.1.2. Germany
- 7.4.1.3. Spain
- 7.4.1.4. Italy
- 7.4.1.5. France
- 7.4.1.6. Rest of Europe
- 7.4.1.UK and European Union
8. Asia Pacific Patient Handling Equipment Market, 2020-2030, USD (Million)
- 8.1. Market Overview
- 8.2. Patient Handling Equipment Market: By Type, 2020-2030, USD (Million)
- 8.3. Patient Handling Equipment Market: By End User, 2020-2030, USD (Million)
- 8.4.Patient Handling Equipment Market: By Region, 2020-2030, USD (Million)
- 8.4.1.Asia Pacific
- 8.4.1.1. China
- 8.4.1.2. Japan
- 8.4.1.3. India
- 8.4.1.4. Australia
- 8.4.1.5. South Korea
- 8.4.1.6. Rest of Asia Pacific
- 8.4.1.Asia Pacific
9. Latin America Patient Handling Equipment Market, 2020-2030, USD (Million)
- 9.1. Market Overview
- 9.2. Patient Handling Equipment Market: By Type, 2020-2030, USD (Million)
- 9.3. Patient Handling Equipment Market: By End User, 2020-2030, USD (Million)
- 9.4.Patient Handling Equipment Market: By Region, 2020-2030, USD (Million)
- 9.4.1.Latin America
- 9.4.1.1. Brazil
- 9.4.1.2. Mexico
- 9.4.1.3. Rest of Latin America
- 9.4.1.Latin America
10. Middle East and Africa Patient Handling Equipment Market, 2020-2030, USD (Million)
- 10.1. Market Overview
- 10.2. Patient Handling Equipment Market: By Type, 2020-2030, USD (Million)
- 10.3. Patient Handling Equipment Market: By End User, 2020-2030, USD (Million)
- 10.4.Patient Handling Equipment Market: By Region, 2020-2030, USD (Million)
- 10.4.1.Middle East and Africa
- 10.4.1.1. GCC
- 10.4.1.2. Africa
- 10.4.1.3. Rest of Middle East and Africa
- 10.4.1.Middle East and Africa
11. Company Profile
- 11.1. DJO Global
- 11.1.1. Company Overview
- 11.1.2. Financial Performance
- 11.1.3. Product Portfolio
- 11.1.4. Strategic Initiatives
- 11.2. Linet, Inc.
- 11.2.1. Company Overview
- 11.2.2. Financial Performance
- 11.2.3. Product Portfolio
- 11.2.4. Strategic Initiatives
- 11.3. Handicare, Inc.
- 11.3.1. Company Overview
- 11.3.2. Financial Performance
- 11.3.3. Product Portfolio
- 11.3.4. Strategic Initiatives
- 11.4. Benmor Medical Ltd.
- 11.4.1. Company Overview
- 11.4.2. Financial Performance
- 11.4.3. Product Portfolio
- 11.4.4. Strategic Initiatives
- 11.5. V.Guldmann A/S
- 11.5.1. Company Overview
- 11.5.2. Financial Performance
- 11.5.3. Product Portfolio
- 11.5.4. Strategic Initiatives
- 11.6. Spectra Care Group
- 11.6.1. Company Overview
- 11.6.2. Financial Performance
- 11.6.3. Product Portfolio
- 11.6.4. Strategic Initiatives
- 11.7. Etac Ltd.
- 11.7.1. Company Overview
- 11.7.2. Financial Performance
- 11.7.3. Product Portfolio
- 11.7.4. Strategic Initiatives
- 11.8. Hill-Rom Holdings, Inc.
- 11.8.1. Company Overview
- 11.8.2. Financial Performance
- 11.8.3. Product Portfolio
- 11.8.4. Strategic Initiatives
- 11.9. Joerns Healthcare LLC
- 11.9.1. Company Overview
- 11.9.2. Financial Performance
- 11.9.3. Product Portfolio
- 11.9.4. Strategic Initiatives
- 11.10. Permobil AB
- 11.10.1. Company Overview
- 11.10.2. Financial Performance
- 11.10.3. Product Portfolio
- 11.10.4. Strategic Initiatives
- 11.11. Stiegelmeyer, Inc.
- 11.11.1. Company Overview
- 11.11.2. Financial Performance
- 11.11.3. Product Portfolio
- 11.11.4. Strategic Initiatives
- 11.12. Mangar International Ltd.
- 11.12.1. Company Overview
- 11.12.2. Financial Performance
- 11.12.3. Product Portfolio
- 11.12.4. Strategic Initiatives
- 11.13. Stryker Corporation
- 11.13.1. Company Overview
- 11.13.2. Financial Performance
- 11.13.3. Product Portfolio
- 11.13.4. Strategic Initiatives
- 11.14. Patterson Medical Holdings, Inc.
- 11.14.1. Company Overview
- 11.14.2. Financial Performance
- 11.14.3. Product Portfolio
- 11.14.4. Strategic Initiatives
List of Tables
- TABLE 1 Global Patient Handling Equipment Market By Type, 2020-2030, USD (Million)
- TABLE 2 Global Patient Handling Equipment Market By End User, 2020-2030, USD (Million)
- TABLE 3 North America Patient Handling Equipment Market By Type, 2020-2030, USD (Million)
- TABLE 4 North America Patient Handling Equipment Market By End User, 2020-2030, USD (Million)
- TABLE 5 UK and European Union Patient Handling Equipment Market By Type, 2020-2030, USD (Million)
- TABLE 6 UK and European Union Patient Handling Equipment Market By End User, 2020-2030, USD (Million)
- TABLE 7 Asia Pacific Patient Handling Equipment Market By Type, 2020-2030, USD (Million)
- TABLE 8 Asia Pacific Patient Handling Equipment Market By End User, 2020-2030, USD (Million)
- TABLE 9 Latin America Patient Handling Equipment Market By Type, 2020-2030, USD (Million)
- TABLE 10 Latin America Patient Handling Equipment Market By End User, 2020-2030, USD (Million)
- TABLE 11 Middle East and Africa Patient Handling Equipment Market By Type, 2020-2030, USD (Million)
- TABLE 12 Middle East and Africa Patient Handling Equipment Market By End User, 2020-2030, USD (Million)
List of Figures
- FIG. 1 Global Patient Handling Equipment Market: Market Coverage
- FIG. 2 Research Methodology and Data Sources
- FIG. 3 Market Size Estimation - Top Down & Bottom-Up Approach
- FIG. 4 Global Patient Handling Equipment Market: Quality Assurance
- FIG. 5 Global Patient Handling Equipment Market, By Type, 2021
- FIG. 6 Global Patient Handling Equipment Market, By End User, 2021
- FIG. 7 Global Patient Handling Equipment Market, By Geography, 2021
- FIG. 8 Global Patient Handling Equipment Market, By Type, 2021 Vs 2030, %
- FIG. 9 Global Patient Handling Equipment Market, By End User, 2021 Vs 2030, %
- FIG. 10 U.S. Patient Handling Equipment Market (US$ Million), 2020 - 2030
- FIG. 11 Canada Patient Handling Equipment Market (US$ Million), 2020 - 2030
- FIG. 12 Rest of North America Patient Handling Equipment Market (US$ Million), 2020 - 2030
- FIG. 13 UK Patient Handling Equipment Market (US$ Million), 2020 - 2030
- FIG. 14 Germany Patient Handling Equipment Market (US$ Million), 2020 - 2030
- FIG. 15 Spain Patient Handling Equipment Market (US$ Million), 2020 - 2030
- FIG. 16 Italy Patient Handling Equipment Market (US$ Million), 2020 - 2030
- FIG. 17 France Patient Handling Equipment Market (US$ Million), 2020 - 2030
- FIG. 18 Rest of Europe Patient Handling Equipment Market (US$ Million), 2020 - 2030
- FIG. 19 China Patient Handling Equipment Market (US$ Million), 2020 - 2030
- FIG. 20 Japan Patient Handling Equipment Market (US$ Million), 2020 - 2030
- FIG. 21 India Patient Handling Equipment Market (US$ Million), 2020 - 2030
- FIG. 22 Australia Patient Handling Equipment Market (US$ Million), 2020 - 2030
- FIG. 23 South Korea Patient Handling Equipment Market (US$ Million), 2020 - 2030
- FIG. 24 Rest of Asia Patient Handling Equipment Market (US$ Million), 2020 - 2030
- FIG. 25 Brazil Patient Handling Equipment Market (US$ Million), 2020 - 2030
- FIG. 26 Mexico Patient Handling Equipment Market (US$ Million), 2020 - 2030
- FIG. 27 Rest of Latin America Patient Handling Equipment Market (US$ Million), 2020 - 2030
- FIG. 28 GCC Patient Handling Equipment Market (US$ Million), 2020 - 2030
- FIG. 29 Africa Patient Handling Equipment Market (US$ Million), 2020 - 2030
- FIG. 30 Rest of Middle East and Africa Patient Handling Equipment Market (US$ Million), 2020 - 2030
