Global Patient Handling Equipment Market – Industry Trends and Forecast to 2029

Global Patient Handling Equipment Market, By Mode (Mechanical Equipment, Non Mechanical Equipment), Product Type (Medical Beds, Patient Repositioning Equipment, Mobility Aid, Bathroom Safety, Ambulatory Aids), Type of Care (Long Term Care, Bariatric Care, Acute and Critical Care, Wound Care, Fall Prevention, Others), Accessories (Hospital Bed Accessories, Medical Bed Accessories, Lifting Accessories, Transfer Accessories, Stretcher Accessories, Others), Application (Acute and critical care, Long-term care,  Mobility assistance, Fall prevention, Others), End User (Hospital, Home Care Settings, Elderly Care Facilities, Others) – Industry Trends and Forecast to 2029

Global Patient Handling Equipment Market Analysis and Size

The market for patient handling equipment is estimated to increase rapidly over the forecast period. Patient handling equipment is used by patients who require physical assistance and those who are on medication or who are ill. Patient handling equipment is used in various contexts, including home care, hospitals, rehabilitation centers, and elderly care facilities. The patient handling equipment ensures the safety of physicians and caregivers while working with patients. It also reduces the danger of patient injury, which encourages the adoption of patient handling equipment.

• Data Bridge Market Research analyses that the patient handling equipment market was valued at USD 12.4 billion in 2021 and is expected to reach USD 31.03 billion by 2029, registering a CAGR of 12.15% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Report Scope and Market Segmentation

Global Patient Handling Equipment Market Definition

Patient handling equipment allows patients who have lost control of their body to move around. It allows patients to sit, stand, walk, and ensure bed mobility, lateral transfers, and hoisting. It also helps lower the risk of deep vein thrombosis, skin rips, chest infections, urinary tract infections, pressure ulcers, and falls. As a result, it is used in intensive care units (ICUs), nursing homes, rehabilitation centers, and other medical facilities all over the world.

Patient Handling Equipment Market Dynamics

Drivers

• Increasing incidences of disabilities

As the world's handicapped population develops, patient handling equipment is becoming more common. According to the World Health Organization, roughly 15% of the world's population suffers from some form of disability in 2019, with 2% to 4% facing functioning problems. The number of handicapped people is growing due to the rapid spread of chronic illnesses. Disabled people require patient handling equipment to carry out their daily tasks. The demand for patient handling equipment market is expected to rise significantly due to an increase in incidences of disability.

• Rise in the number of geriatric and obese population

The number of persons aged 60 and up has consistently increased over time as a result of rising life expectancy. The worldwide geriatric population will grow from 727 million in 2020 to 1.5 billion by 2050, according to the United Nations Database on World Population Ageing 2020. Fall-related injuries are more common in the elderly population, which can result in a variety of functional limitations and a reliance on mobility equipment. As a result, the worldwide geriatric population is expected to expand significantly, increasing demand for patient handling and mobility equipment. The incidences rate of obese population is increasing rapidly. Approximately 39 million children under the age of five will be overweight or obese in 2020.

Furthermore, the rising number of injuries to caregivers during manual handling of patients will be a major factor influencing the growth of the patient handling equipment market. Along with this, increasing urbanization and rising hospital admissions are the driving factors accelerating the growth of the patient handling equipment market. Also, increasing expenditure on healthcare infrastructure are the major market drivers that will further escalate the growth of patient handling equipment market. Additionally, numerous countries' governments are enacting strict rules to encourage protective equipment and minimize MPH, fueling the industry even more.

Opportunities

• Growing demand for healthcare services 

Moreover, the rising demand for healthcare services will provide beneficial opportunities for the patient handling equipment market growth. A growing number of government laws are being enacted around the world to lower the length and cost of healthcare procedures. As the demand for home care grows in the next years, so will the demand for equipment used to treat patients in those settings, such as patient transfer devices, mobility devices, and medical beds.  

Moreover, growing focus of manufacturers on the adoption of advanced technologies and increase in the number of emerging markets will further provide beneficial opportunities for the patient handling equipment market growth during the forecast period.

Restraints/Challenges Global Patient Handling Equipment Market

• The dearth of training provided to caregivers for efficient operation of patient handling equipment

Effective training programmes are needed to raise knowledge about safe patient handling and to enable caregivers to operate transfer devices properly. A restricted number of training sessions are being provided to caregivers due to cost-cutting strategies being adopted in hospitals throughout several developing and developed countries. This is because of the high initial cost of equipment and upkeep, which includes training fees, and most healthcare institutions cannot afford the required patient handling equipment.

On the other hand, difficulties in manual handling of bariatric patients will challenge the patient handling equipment market. Additionally, the lack of skilled professionals and low awareness among people will restrain and further impede the growth rate of the market during the forecast period of 2022-2029.

This patient handling equipment market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the patient handling equipment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Patient Handling Equipment Market

The COVID-19 outbreak boosted the market for patient handling equipment.  The majority of patients infected with COVID-19 have mild to moderate symptoms and recover at home, but some demand medical intervention. The overall expansion of numerous sectors has been severely hampered at this time. Hospitality, oil and petroleum, and aeronautics were all seeing a drop in revenue, while healthcare, pharmaceuticals, and biotechnology were taking advantage of the situation to service as many patients and hospitals as possible. As a result of the pandemic, there has been a huge increase in demand for patient handling systems in order to provide effective treatment and care. According to the CDC, roughly 69.8 per 100,000 persons aged 65 and over were hospitalized in January 2021. Because of the high prevalence of hospitalization, many hospitals and healthcare institutions could not provide medical beds for COVID-19 treatment and/or other chronic diseases related to it, such as lung ailments. These demands have sparked a demand for patient handling equipment in order to improve safety and reduce the risk of injury when treating patients. Throughout the pandemic, the demand for and use of patient handling equipment has remained consistent. With the rise of COVID-19, some of the most important players in the patient handling equipment market grew organically.

Recent Development

• In March 2020, Invacare had announced the launch of Invacare AVIVA FX Power Wheelchair. The AVIVA brand offers a distinct look and feel that promises best-in-class design, technology, and performance. The AVIVA FX Power Wheelchair will provide current front-wheel drive users with a high-performance chair that represents a significant advancement in front-wheel drive power mobility.

Global Patient Handling Equipment Market Scope

The patient handling equipment market is segmented on the basis of mode, product type, care, accessories, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Mode

• Mechanical Equipment
• Non Mechanical Equipment

On the basis of mode, the market is segmented into non mechanical equipment and medical equipment.

Product Type

• Medical Beds
• Patient Repositioning Equipment
• Mobility Aid
• Bathroom Safety
• Ambulatory Aids

On the basis of product type, the market is segmented into mobility aid, medical beds, patient repositioning equipment, ambulatory aids and bathroom safety. The mobility aid is further segmented into wheelchairs and medical scooters. The wheelchairs are further segmented into manual wheel chairs and powered wheel chairs. The medical beds are further segmented into long term care beds, psychiatric care beds, curative care beds and others. The patient repositioning equipment is further segmented into hoists and slings. The hoists are further segmented into mobile hoists, ceiling hoists, bath side hoists and other hoists.

Type of Care

• Long Term Care
• Bariatric Care
• Acute and Critical Care
• Wound Care
• Fall Prevention
• Others

 On the basis of type of care, the market is segmented into bariatric care, acute and critical care, wound care, long term care, fall prevention and others.

Accessories

• Hospital Bed Accessories
• Medical Bed Accessories
• Lifting Accessories
• Transfer Accessories
• Stretcher Accessories
• Others

On the basis of accessories, the market is segmented into lifting accessories, transfer accessories, medical bed accessories, stretcher accessories, hospital bed accessories and others.

Application

• Acute and critical care
• Long-term care
• Mobility assistance
• Fall prevention
• Others

On the basis of application, the market is segmented into acute and critical care, long-term care, mobility assistance, fall prevention and others.

End User

• Hospital
• Home Care Settings
• Elderly Care Facilities
• Others

On the basis of end user, the market is bifurcated into home care settings, elderly care settings, hospital and others.

Patient Handling Equipment Market Regional Analysis/Insights

The patient handling equipment market is analysed and market size insights and trends are provided by country, mode, product type, care, accessories, application and end user as referenced above.

The countries covered in the patient handling equipment market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the patient handling equipment market because of the presence of advanced as well as well-established healthcare infrastructure in this region. Additionally, growing prevalence of chronic diseases will flourish the market's growth rate in this region. 

Asia-Pacific is expected to grow during the forecast period due to rising incidences of MSD-caused injuries to caregivers and the increasing number of geriatric population in this region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure growth Installed base and New Technology Penetration

The patient handling equipment market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for patient handling equipment market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the patient handling equipment market. The data is available for historic period 2010-2020.

Competitive Landscape and Patient Handling Equipment Market Share Analysis

The Patient handling equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to patient handling equipment market.

Some of the major players operating in the patient handling equipment market are:

• OpeMed (United Care) Ltd. (UK)
• VENDLET (Denmark)
• V. Guldmann A/S (Denmark)
• DJO LLC (US)
• Hill-Rom Services Inc (US)
• Getinge AB (Sweden)
• Invacare Corporation (US)
• Etac AB (Sweden)
• Permobil (Sweden)
• Joerns Healthcare LLC (US)
• Handicare Group AB (Sweden)
• Stiegelmeyer GmbH & Co. KG (Germany)
• Stryker (US)
• Sunrise Medical (UK)
• LINET (Czechia)
• Arjo (Sweden)
• Mangar Health (UK)
• benmormedical (UK)
• PARAMOUNT BED CO., LTD. (Japan)
• DeVilbiss Healthcare LLC (NY)
• Medline Industries, Inc. (US)

Research Methodology : Global Patient Handling Equipment Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-patient-handling-equipment-market