The global patient handling equipment market will grow at a significant compound annual growth rate (CAGR) of 8.5% during the forecast period from 2021-2030.
Patient handling equipment involves devices that help to shift patients from one place to another. These types of equipment are being used in-home care services, hospitals, and nursing homes to prevent patients from injury. The popular patient-handling types of equipment are medical beds, wheelchairs, stretchers, medical scooters, and operating table pads.
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The global patient handling equipment market is forecast to grow due to the rising cases of musculoskeletal disorders. World Health Organization (WHO) indicates that around 1.71 billion people are undergoing musculoskeletal disorders around the globe. Meanwhile, the geriatric population is more prone to these kinds of disorders. Thus, in turn, the need for patient handling equipment would increase to manage patients effortlessly and avoid the risk of further injury.
Moreover, several regulations and government made policies would escalate the use of lifting equipment in hospitals and diagnostic & treatment centers. According to the Safe Patient Handling Act, hospitals, nursing homes, and other public health clinics need to form a policy for the usage of lifting and transfer aids for shifting patients safely.
On the contrary, the high cost of patient handling equipment would slow down the growth of the global patient handling equipment market during the forecast period. The patient handling equipment costs a huge value, which can restrict its adoption.
Impact of COVID-19 on Global Patient Handling Equipment Market
The sudden onset of the COVID-19 pandemic had a positive impact on the global market. The spread surged the number of patients in the hospitals. Most of them were on ventilators, which fueled the demand for patient handling equipment. However, initially, there was a slight slump in the global patient handling equipment market, owing to the disruptions in the operation chain.
Regional Analysis
North America is expected to acquire a maximum share in the market during the forecast period. The rising prevalence of musculoskeletal disorders like arthritis, bone fractures, osteoarthritis in the region would boost the demand for patient handling equipment. Moreover, the increasing geriatric population in the region would also prompt the growth of the regional market. Apart from that, strict rules and regulations in the region would further raise the demand for patient handling equipment.
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Key Market Players
- Joerns Healthcare LLC (United States)
- Gainsborough Healthcare Group (United States)
- HoverTech International (United States)
- Medline Industries Inc. (United States)
- ARJO (Europe)
- Guldmann Inc. (Europe)
- Handicare Group AB (Europe)
- Sunrise Medical Inc. (Germany)
- Getinge (Europe)
- Hill Rom Holding Inc. (United States)
- Stryker Corporation (United States)
- Invacare Corporation (United States)
- Antano Group (Europe)
- Mangar International Inc.
- Stiegelmeyer (Germany)
- Joerns Healthcare Inc. (United States)
- Prism Medical (United States)
- LINET (Europe)
- Other prominent players
Market Segmentation
By Type
- Patient Transfer Devices
- Patient Lifts
- Ceiling Lifts
- Sit-To-Stand Lifts
- Mobile Lifts
- Stair & Wheelchair Lifts
- Bath & Pool Lifts
- Slings
- Air-Assisted Lateral Transfer Mattresses
- Reusable Air-Assisted Mattresses
- Single-Patient Use Air-Assisted Mattresses
- Sliding Sheets
- Accessories
- Medical Beds
- Electric Beds
- Manual Beds
- Semi-Electric Beds
- Mobility Devices
- Wheelchairs & Mobility Scooters
- Powered Wheelchairs
- Mobility Scooters
- Manual Wheelchairs
- Ambulatory Aids
- Bathroom & Toilet Assist Equipment
- Stretchers & Transport Chairs
By End-User
- Hospitals
- Home Care Settings
- Other End Users
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By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Aim of the Report
- This study aims to determine the market size of various segments and countries with forecast values for next ten years.
- Within the regions and countries studied, the report covers both qualitative and quantitative aspects of the industry.
- It also provides detailed information about the crucial aspects such as drivers & challenges that will influence the market’s future growth.
- The report will also include investment opportunities in micro markets for stakeholders. In addition, an in-depth analysis of key players’ products and the competitive landscape.
What is the goal of the report?
-The market report presents the estimated size of the Healthcare market at the end of the forecast -period.
-The report also examines historical and current market sizes.
-During the forecast period, the report analyzes the growth rate, market size, and market valuation.
-The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.
-The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.
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