Patient Handling Equipment Market by Type (Patient Transfer Devices (Lifts , Sliding Sheets), Medical Beds (Electric, Manual), Mobility Devices (Powered Wheelchairs, Mobility Scooters), End User (Hospitals, Home-care Settings) & Region - Global Forecasts
Description
Patient Handling Equipment Market by Type (Patient Transfer Devices (Lifts , Sliding Sheets), Medical Beds (Electric, Manual), Mobility Devices (Powered Wheelchairs, Mobility Scooters), End User (Hospitals, Home-care Settings) & Region - Global Forecasts to 2027
The global patient handling equipment market is projected to reach USD 14.0 billion by 2027 from USD 10.4 billion in 2022, at a CAGR of 6.2% during the forecast period. Growth in the patient handling equipment market can be largely attributed to factors such as rising numbers of patients admissions in hospitals, the increasing obese and geriatric population and the increasing risk of injuries or accidents to healthcare providers during the manual handling of patients. Furthermore, a significant factor hampering the market growth is the inadequate training given to caregivers for the effective operation of patient handling equipment..
“Patient transfer devices is expected to register the highest growth during the forecast period. ”
By type, the market is further segmented into stretchers & transport chairs, mobility devices, bathroom & toilet assist equipment, medical beds, and patient transfer devices. The patient transfer devices segment is expected to register highest growth of the patient handling equipment market in 2021. The high share of this segment is due to the growing number of installation of ceiling lifts in hospitals and the rising adoption of patient lifts for bariatric patient handling.
“Hospital segment accounted for the largest share in the patient handling equipment market in 2021”
By end users, the market is further segmented into home care settings, hospitals, and other end users. The hospitals segment accounted for the largest share of the patient handling equipment market in 2021. This is due to rising number of patient population, growing geriatric population, rising number of disabled people, and the increasing number of injuries caused during the patient handling process.
“Europe accounted for the largest share of the patient handling equipment market in 2021.”
In 2021,Europe accounted for the largest share of the global patient handling equipment market. The region’s large share can be attributed to the the rising number of government and non-government initiatives to adopt safe patient handling equipment and the widespread number of patient handling equipment manufacturers in Europe. The Asia Pacific market is projected to register the largest CAGR during the forecast period of 2022-2027. The expansion of healthcare facilities in Asian countries is responsible for the market growth in the Asia Pacific region.
The break-down of primary participants is as mentioned below:
By Company Type - Tier 1: 55%, Tier 2: 30%, and Tier 3: 15%
By Designation - C-level: 50%, Director-level: 35%, and Others: 15%
By Region - North America: 48%, Europe: 32%, Asia Pacific: 15%, and Rest of the World: 5%.
Key players in the Patient Handling Equipment Market
The key players operating in the patient handling equipment market include include Arjo (Sweden), Baxter International Inc. (US), Savaria (Canada), Invacare Corporation (US), Stryker (US), Drive DeVilbiss Healthcare (US), Etac AB (Sweden), GF Health Products, Inc. (US), V. Guldmann A/S (Denmark), Joerns Healthcare LLC (US), Medline Industries, Inc. (US), Prism Medical UK Ltd. (UK), LINET (Czech Republic), Stiegelmeyer GmbH & Co. KG (Germany), Benmor Medical (UK), Malvetio Spa (Italy), EZ Way, Inc. (US), Ossenberg GmbH (Germany), Antano Group (Italy), Winncare (UK), Getinge AB (Sweden).
Research Coverage:
The report analyzes the patient handling equipment market and aims at estimating the market size and future growth potential of various market segments, based on type, technology, end user, and region. The report also provides a competitive analysis of the key players operating in this market, along with their company profiles, product offerings, recent developments, and key market strategies.
Reasons to Buy the Report
This report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them garner a greater share of the market. Firms purchasing the report could use one or a combination of the below-mentioned strategies to strengthen their positions in the market.
This report provides insights on:
Market Penetration: Comprehensive information on the product portfolios of the top players in the Veterinary Ultrasound Market. The report analyzes this market by type, end user, and region.
Market Development: Comprehensive information on the lucrative emerging markets, type, end user, and region
Market Diversification: Exhaustive information about the product portfolios, growing geographies, recent developments, and investments in the patient handling equipment market
Competitive Assessment: In-depth assessment of market shares, growth strategies, product offerings, and capabilities of the leading players in the patient handling equipment market
The global patient handling equipment market is projected to reach USD 14.0 billion by 2027 from USD 10.4 billion in 2022, at a CAGR of 6.2% during the forecast period. Growth in the patient handling equipment market can be largely attributed to factors such as rising numbers of patients admissions in hospitals, the increasing obese and geriatric population and the increasing risk of injuries or accidents to healthcare providers during the manual handling of patients. Furthermore, a significant factor hampering the market growth is the inadequate training given to caregivers for the effective operation of patient handling equipment..
“Patient transfer devices is expected to register the highest growth during the forecast period. ”
By type, the market is further segmented into stretchers & transport chairs, mobility devices, bathroom & toilet assist equipment, medical beds, and patient transfer devices. The patient transfer devices segment is expected to register highest growth of the patient handling equipment market in 2021. The high share of this segment is due to the growing number of installation of ceiling lifts in hospitals and the rising adoption of patient lifts for bariatric patient handling.
“Hospital segment accounted for the largest share in the patient handling equipment market in 2021”
By end users, the market is further segmented into home care settings, hospitals, and other end users. The hospitals segment accounted for the largest share of the patient handling equipment market in 2021. This is due to rising number of patient population, growing geriatric population, rising number of disabled people, and the increasing number of injuries caused during the patient handling process.
“Europe accounted for the largest share of the patient handling equipment market in 2021.”
In 2021,Europe accounted for the largest share of the global patient handling equipment market. The region’s large share can be attributed to the the rising number of government and non-government initiatives to adopt safe patient handling equipment and the widespread number of patient handling equipment manufacturers in Europe. The Asia Pacific market is projected to register the largest CAGR during the forecast period of 2022-2027. The expansion of healthcare facilities in Asian countries is responsible for the market growth in the Asia Pacific region.
The break-down of primary participants is as mentioned below:
By Company Type - Tier 1: 55%, Tier 2: 30%, and Tier 3: 15%
By Designation - C-level: 50%, Director-level: 35%, and Others: 15%
By Region - North America: 48%, Europe: 32%, Asia Pacific: 15%, and Rest of the World: 5%.
Key players in the Patient Handling Equipment Market
The key players operating in the patient handling equipment market include include Arjo (Sweden), Baxter International Inc. (US), Savaria (Canada), Invacare Corporation (US), Stryker (US), Drive DeVilbiss Healthcare (US), Etac AB (Sweden), GF Health Products, Inc. (US), V. Guldmann A/S (Denmark), Joerns Healthcare LLC (US), Medline Industries, Inc. (US), Prism Medical UK Ltd. (UK), LINET (Czech Republic), Stiegelmeyer GmbH & Co. KG (Germany), Benmor Medical (UK), Malvetio Spa (Italy), EZ Way, Inc. (US), Ossenberg GmbH (Germany), Antano Group (Italy), Winncare (UK), Getinge AB (Sweden).
Research Coverage:
The report analyzes the patient handling equipment market and aims at estimating the market size and future growth potential of various market segments, based on type, technology, end user, and region. The report also provides a competitive analysis of the key players operating in this market, along with their company profiles, product offerings, recent developments, and key market strategies.
Reasons to Buy the Report
This report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them garner a greater share of the market. Firms purchasing the report could use one or a combination of the below-mentioned strategies to strengthen their positions in the market.
This report provides insights on:
Market Penetration: Comprehensive information on the product portfolios of the top players in the Veterinary Ultrasound Market. The report analyzes this market by type, end user, and region.
Market Development: Comprehensive information on the lucrative emerging markets, type, end user, and region
Market Diversification: Exhaustive information about the product portfolios, growing geographies, recent developments, and investments in the patient handling equipment market
Competitive Assessment: In-depth assessment of market shares, growth strategies, product offerings, and capabilities of the leading players in the patient handling equipment market
Table of Contents
291 Pages
- STUDY OBJECTIVES
- MARKET DEFINITION
- CURRENCY CONSIDERED
- STAKEHOLDERS
- SUMMARY OF CHANGES
- RESEARCH DATA
- MARKET SIZE ESTIMATION
- APPROACH TO DETERMINE IMPACT OF ECONOMIC RECESSION
- MARKET BREAKDOWN AND DATA TRIANGULATION
- MARKET SHARE ANALYSIS
- STUDY ASSUMPTIONS
- RESEARCH LIMITATIONS
- RISK ASSESSMENT
- EXECUTIVE SUMMARY
- PATIENT HANDLING EQUIPMENT MARKET OVERVIEW
- REGIONAL MIX: PATIENT HANDLING EQUIPMENT MARKET (2022-2027)
- ASIA PACIFIC: PATIENT HANDLING EQUIPMENT MARKET, BY TYPE AND COUNTRY (2021)
- PATIENT HANDLING EQUIPMENT MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES
- PATIENT HANDLING EQUIPMENT MARKET: DEVELOPING VS. DEVELOPED MARKETS
- INTRODUCTION
- MARKET DYNAMICS
- INDUSTRY TRENDS
- TECHNOLOGY ANALYSIS
- VALUE CHAIN ANALYSIS
- PORTER’S FIVE FORCES ANALYSIS
- ECOSYSTEM ANALYSIS
- TRADE ANALYSIS
- PATENT ANALYSIS
- REGULATORY ANALYSIS
- PRICING ANALYSIS
- INTRODUCTION
- PATIENT TRANSFER DEVICES
- MEDICAL BEDS
- MOBILITY DEVICES
- BATHROOM & TOILET ASSIST EQUIPMENT
- STRETCHERS & TRANSPORT CHAIRS
- INTRODUCTION
- HOSPITALS
- HOME CARE SETTINGS
- OTHER END USERS
- INTRODUCTION
- EUROPE
- NORTH AMERICA
- ASIA PACIFIC
- LATIN AMERICA
- MIDDLE EAST & AFRICA
- OVERVIEW
- STRATEGIES ADOPTED BY KEY PLAYERS
- REVENUE SHARE ANALYSIS OF TOP MARKET PLAYERS
- MARKET SHARE ANALYSIS
- COMPANY EVALUATION QUADRANT FOR KEY PLAYERS
- COMPANY EVALUATION QUADRANT FOR START-UPS/SMES
- COMPANY FOOTPRINT OF PLAYERS IN PATIENT HANDLING EQUIPMENT MARKET
- COMPETITIVE SCENARIO
- KEY PLAYERS
- OTHER PLAYERS
- INSIGHTS FROM INDUSTRY EXPERTS
- DISCUSSION GUIDE
- KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
- AVAILABLE CUSTOMIZATIONS
- RELATED REPORTS
- AUTHOR DETAILS
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