Global Patient Handling Equipment Market Investigation & Development Forecast during 2017 – 2024

Albany, USA, 2018-May-08 — /EPR Network/ —Market Research Report Search Engine (MRRSE) recently announced the addition of a new research study to its comprehensive collection of research reports. The research report, titled “Patient Handling Equipment Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2024” offers a detailed analysis of the market, providing insights into the market dynamics that are expected to influence the overall market positively in the next few years. Furthermore, the product segmentation, drivers, barriers, key geographical segments, and the competitive scenario of the Global Patient Handling Equipment market have been elaborated upon in the research report.

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The demand in the global patient handling equipment market is projected to increment at a robust CAGR of 10.4% during the forecast period of 2017 to 2024, gaining traction from a number of factors such as rising geriatric population, high risk of injuries to caregivers as well as the patients during manual handling, increasing incidence of disabilities, and implementation of regulations pertaining to the safety at the healthcare facilities. On the other hand, the lack of skilled professionals to handle these equipment is hindering the market from attaining its true potential. Nevertheless, the vendors operating in the global patient handling equipment market are expected to gain new opportunities from private institutional nursing and the entry of several major players in domestic markets.

As per the estimations of the report, the global patient handling equipment market will be worth US$22.4 bn by the end of 2024, significantly up from its evaluated valuation of US$11.2 bn in 2017. The healthcare industry is currently flourishing in a number of developed and emerging economies, and if the vendors operating in this market can formulate a way to train professionals to operate these equipment, the demand will be ideally met.

Medical Bed Segment Remains Most Prominent

Based on product-type, the market for patient handling equipment has been segment into wheelchairs, lifting slings, medical beds, ambulatory aids, and shower, bath, and toileting equipment. In 2017, medical bed segment was most profitable, and considering they are mandatory equipment for the caregivers and are readily invested on by the hospitals, the segment is expected to remain the most important throughout the forecast period. Moreover, a number of high-end super-specialty healthcare facilities are coming up, which are willing to invest on the latest products that enable their patients in bathing, walking, and toileting. Financially equipped patients in the urban parts of the world are also driven towards hospitals with modern facility, and thereby providing traction to the medical bed segment of the global patient handling equipment market. Curative care beds, long-term care beds, and psychiatric care beds are some of the sub-segments of the medical beds that are gaining demand across the world.

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Patient Handling Equipment Market: Company Profiling

Taking vendor landscape into consideration, the market for patient handling equipment can be regarded as moderately fragmented and the market players has been focusing on strategically important moves like partnerships, mergers and acquisitions so as to reinforce their hold on the said market.

The prominent market players that are operating in the world market for patient handling equipment are ArjoHuntleigh (Getinge Group), DJO Global, Invacare Corporation, Patterson Medical, Stryker Corporation, Joerns Healthcare LLC, and Hill-Rom Holdings. The company, ArjoHuntleigh (Getinge Group), is considered as the leading market player in the international market for patient handling equipment in the year 2017.

  • Global Patient Handling Equipment Market, by Devices
    • Laser devices
    • Rotational devices
    • Orbital devices
    • Directional devices
  • Patient Handling Equipment Market, by Product Type
    • Lifting Slings
    • Wheelchairs
    • Medical Beds
    • Ambulatory Aids
    • Shower, Bath and Toileting Equipment
    • Others
  • Patient Handling Equipment Market, by End User
    • Hospital
    • Nursing Home
    • Assisted Living Facility
    • Home Healthcare
    • Others (Trauma, Rehabilitation & Paramedical Centers)
  • Patient Handling Equipment Market, by Geography
    • North America
      • S.
      • Canada
    • Europe
      • K.
      • Germany
      • Rest of Europe
    • Asia-Pacific
      • Japan
      • India
      • Rest of Asia Pacific
    • Rest of the World
      • Latin America
      • Middle East & Africa

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