March 31, 2020

Patient Handling Equipment Market Is Expected To Reach US$ 24,364.3 Mn By 2026

The latest market report published by Credence Research, Inc. “Patient Handling Equipment Market – Growth, Future Prospects, and Competitive Analysis, 2018 – 2026”, the market for patient handling equipment was estimated at US$ 10,600.1 million in 2017 and is expected to reach US$ 24,364.3 million by 2026 for a CAGR of 9.7 per cent during the 2018-2026 forecast period.

Market Insights

The global market for patient care equipment shows a productive increase in the forecast period from 2018 to 2026 due to an increase in bariatric care, critical care, fall prevention and wound care worldwide in hospitals. In addition, increasing emergency care services, increasing incidence of injuries and subsequent lack of caution in manual patient transfer, and the expansion of top trauma centers, long-term acute care institutions and nursing homes are key factors driving global market growth.

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Increasing medical tourism, the advancement of top-quality equipment for lifting and transferring equipment will further boost revenue growth globally. Medical beds have a major market share in the market for patient handling equipment in 2017. Globally, various departments such as orthopedics, critical care units, neurology, rehabilitation and bariatric surgery have gained widespread acceptance of the global market for patient handling equipment. The incidence of disability is on the rise due to chronic diseases, violence, falls, injuries, trauma and accidents, especially among the elderly. The overall demand for top patient care facilities in developing countries is slowly gaining traction along with improved social and healthcare services. High costs, less availability of skilled technicians, less awareness of the availability of novel and advanced products in developing regions will reduce overall market growth during the forecast period.

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The market in Europe and North America is experiencing an upward growth due to the presence of a large number of multi-specialty healthcare facilities, the availability of skilled and trained professionals and the demand for enhanced healthcare services along with supportive federal regulations to improve patient safety. Moreover, the increasing prevalence of chronic diseases and the demand for home care services are also few other factors driving global market growth, especially in Europe and the United States.

Key Market Movements:

  • Globally, the patient handling equipment market remains to exhibit a lucrative growth with a CAGR of 9.7% for the period from 2018 to 2026
  • Based on the type, the medical beds segment shows lucrative growth with increasing applications in the hospital industry
  • Increasing number of clinics along with emergency care, availability of branded products with enhanced applications, and increasing healthcare expenditure developing nations will contribute the overall growth of the patient handling equipment market
  • Major players in this vertical 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.

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[Note: Our Free Complimentary Sample Report Accommodate a Brief Introduction To The Synopsis, TOC, List of Tables and Figures, Competitive Landscape and Geographic Segmentation, Innovation and Future Developments Based on Research Methodology are also Included]

Report Scope by Segments

By Restorative Material Type

  • Wheelchairs and Scooters
  • Medical Beds
  • Bathroom Safety Supplies
  • Mechanical Lifting Equipment and Non-mechanical Lifting Equipment
  • Ambulatory Aids
  • Other Accessories

By End-user Segment

  • Hospitals
  • Clinics and Nursing Homes
  • Academic and Research Institutions
  • Rehabilitation and Elderly Care Centers

By Geography Segment

  • North America (U.S., Rest of North America)
  • Europe (U.K., Germany, France, Rest of Europe)
  • Asia Pacific (China, Japan, India, Rest of Asia Pacific)
  • Rest of the World (Middle East & Africa, Latin America)

Key questions answered in this report

  • What are the current market trends and dynamics in the patient handling equipment market and valuable opportunities for emerging players?
  • Which segment accounts for the fastest CAGR during the forecast period?
  • What is the impact of high cost of transfer and lifting equipment on the patient handling equipment market?
  • What are the market trends and dynamics in emerging markets such as Japan, Latin America and Middle East & Africa?

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