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Market Research Report
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1096559

Patient Handling Equipment Market: Current Analysis and Forecast (2021-2027)

Published: | UnivDatos Market Insights Pvt Ltd | 203 Pages | Delivery time: 1-2 business days

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Patient Handling Equipment Market: Current Analysis and Forecast (2021-2027)
Published: June 1, 2022
UnivDatos Market Insights Pvt Ltd
Content info: 203 Pages
Delivery time: 1-2 business days
  • Description
  • Table of Contents

Global patient handling equipment market is anticipated to grow with an elevated CAGR of around 6% over the forecast period (2021-2027). Patient handling equipment includes a wide variety of various healthcare products like slings, wheelchairs, movable beds, adjustable chairs, walkers, and others. these devices are user-friendly and allow patients and caretakers to monitor them electronically and reduce the risk of injury.

The rapid advancement in technology and rising geriatric population along with a rising number of permanent disabilities, raise the demand for better healthcare facilities to manage an increasing number of cases. Furthermore, with the rising awareness among the target population regarding the at-home monitoring solutions, many industry players are focusing on expanding their portfolio by launching new services and products in the market, thus, supporting market growth. For example, In November 2021, Able Innovations announced its ALTA Platform built to assist healthcare workers transfer patients easily and efficiently. The ALTA Platform™ automates the routine healthcare task of patient transfer; moving a patient between surfaces such as a bed to a stretcher, which contributes greatly to the overexertion of healthcare workers. Furthermore, the demand for Patient Handling Equipment is increasing with the rising prevalence of numerous chronic diseases across the globe.

Arjo, Hill-Rom Holdings Inc., Invacare Corporation, Stryker, Drive divibliss healthcare, Inc., ETAC AB, GF Health Products, Inc., Guldmann, Inc., Handicare group AB, and Joerns Healthcare LLC, are some of the prominent players operating in the Patient Handling Equipment market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with new varieties of patient handling equipment devices.

Insights Presented in the Report

"Amongst product type, wheelchairs and scooters segment holds the major share"

Based on product type, the patient handling equipment market is segmented into wheelchairs and scooters, medical beds, mechanical and nonmechanical equipment, ambulatory aids, and others. The wheelchairs and scooters segment accounted for a significant market share in 2020 and it is estimated that it will exhibit a higher CAGR during the forecast period. The growth of this segment is mainly due to the increasing number of chronic diseases globally. Furthermore, the demand for wheelchairs and scooters is on the rise owing to the growing geriatric population and increasing number of patients with permanent disorders.

"Amongst end-users, hospital segment holds the major share"

Based on end-users, the patient handling equipment market is divided into hospitals, home-care settings, and others. The hospital grabbed a significant market share in 2020 and is anticipated to grow at a rapid rate in the upcoming years owing to the rapidly increasing geriatric population and rising prevalence of various chronic diseases among them. For instance, as per the WHO, between 2015 and 2050, the proportion of the world's population over 60 years will nearly double from 12% to 22%. Also, 1 in 6 people in the world will be aged 60 years or over by 2030.

"APAC represents one of the largest markets of patient handling equipment market"

For a better understanding of the market dynamics of the patient handling equipment market, a detailed analysis was conducted for different regions across the globe including North America (U.S, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of World has been conducted. In 2020, Europe dominated the patient handling equipment industry. This can be mainly due to the increasing healthcare expenditure of the APAC nations as well as the presence of emerging economies in the region such as China and India. For instance, the per capita healthcare expenditure of China was US$ 880 in 2019 which was US$ 658 in 2016. Furthermore, the presence of well-established market players and frequent product launches in the region.

Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
  • The report presents a quick review of overall industry performance at one glance
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
  • The study comprehensively covers the market across different segments
  • Deep dive regional level analysis of the industry

Customization Options:

The global patient handling equipment market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

Product Code: UMHE21893

TABLE OF CONTENTS

1 MARKET INTRODUCTION

  • 1.1. Market Definitions
  • 1.2. Limitation
  • 1.3. Stakeholders
  • 1.4. Currency used in Report

2 RESEARCH METHODOLOGY OR ASSUMPTION

  • 2.1. Research Process of the Patient Handling Equipment Market
  • 2.2. Research Methodology of the Patient Handling Equipment Market
  • 2.3. Forecasting Method
  • 2.4. Respondent Profile
  • 2.5. Main Objective of the Patient Handling Equipment Market Study

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 IMPACT OF COVID-19 ON THE PATIENT HANDLING EQUIPMENT MARKET

6 PATIENT HANDLING EQUIPMENT MARKET REVENUE (USD BN), 2019-2027F

7 MARKET INSIGHTS BY PRODUCT TYPE

  • 7.1. Wheelchairs and scooters
  • 7.2. Medical beds
  • 7.3. Mechanical and Nonmechanical equipment
  • 7.4. Ambulatory aids
  • 7.5. Others

8 MARKET INSIGHTS BY END-USERS

  • 8.1. Hospitals
  • 8.2. Home-care settings
  • 8.3. Others

9 MARKET INSIGHTS BY REGION

  • 9.1. North America Patient Handling Equipment Market
    • 9.1.1. U.S.
    • 9.1.2. Canada
    • 9.1.3. Rest of North America
  • 9.2. Europe Patient Handling Equipment Market
    • 9.2.1. Germany
    • 9.2.2. U.K.
    • 9.2.3. France
    • 9.2.4. Italy
    • 9.2.5. Spain
    • 9.2.6. Rest of Europe
  • 9.3. Asia-Pacific Patient Handling Equipment Market
    • 9.3.1. China
    • 9.3.2. Japan
    • 9.3.3. India
    • 9.3.4. South Korea
    • 9.3.5. Rest of Asia-Pacific
  • 9.4. Rest of World Patient Handling Equipment Market

10 PATIENT HANDLING EQUIPMENT MARKET DYNAMICS

  • 10.1. Market Drivers
  • 10.2. Market Challenges
  • 10.3. Impact Analysis

11 PATIENT HANDLING EQUIPMENT MARKET OPPORTUNITIES

12 PATIENT HANDLING EQUIPMENT MARKET TRENDS

13 POLICY AND REGULATORY LANDSCAPE

14 DEMAND AND SUPPLY-SIDE ANALYSIS

  • 14.1. Demand Side Analysis
  • 14.2. Supply Side Analysis

15 COMPETITIVE SCENARIO

  • 15.1. Competitive Landscape
    • 15.1.1. Porter's Five Forces Analysis

16 COMPANY PROFILED

  • 16.1. Arjo
  • 16.2. Hill-Rom Holdings Inc.
  • 16.3. Invacare Corporation
  • 16.4. Stryker Corporation
  • 16.5. Drive divibliss healthcare Inc.
  • 16.6. ETAC AB
  • 16.7. GF Health Products Inc.
  • 16.8. Guldmann Inc.
  • 16.9. Handicare group AB
  • 16.10. Joerns Healthcare LLC

17 DISCLAIMER