Global Patient Handling Equipment Market Insights Forecasts to 2032

• The Global Patient Handling Equipment Market Size was valued at USD 10.4 Billion in 2022.
• The Market Size is Growing at a CAGR of 6.1% from 2022 to 2032.
• The Worldwide Patient Handling Equipment Market size is expected to reach USD 18.9 Billion by 2032.
• North America is expected To Grow the fastest during the forecast period.

 

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The Global Patient Handling Equipment Market Size is expected to reach USD 18.9 Billion by 2032, at a CAGR of 6.1% during the forecast period 2022 to 2032.

 

Market Overview

Patient handling equipment is used for patients who require physical help, as well as those who are on medicine or are unwell. Patient handling equipment is commonly found in hospitals, home care settings, aged care facilities, and rehabilitation centers, among other places. The patient handling equipment protects doctors and caregivers when they are handling patients. Furthermore, it decreases the potential of patient injuries, which encourages the use of patient-handling equipment. In addition, the rising emphasis on laws and requirements for manual handling by government entities, as well as the implementation of safety norms, are projected to present this industry with profitable development potential.

 

Report Coverage

This research report categorizes the global patient handling equipment market based on various segments and regions and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global patient handling equipment market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global patient handling equipment market. Technological innovation and advancement will further optimize the performance of the product, enabling it to acquire a wider range of applications in the downstream market.

 

Driving Factors

The population of people aged 60 and up has steadily increased over time. Elderly adults are more prone to experience fall-related injuries, which can result in a range of functional limitations and a dependency on mobility assistance. The World Health Organization (WHO) projects that by 2030, one in every six people would be 60 or older. As a result, considerable growth in the number of old persons globally will raise the demand for patient management instruments. Furthermore, as a result of the COVID-19 outbreak, there is a significant increase in the global need for medical beds. The growing number of corona cases throughout the world is putting pressure on governments in both wealthy and developing countries to improve their patient-handling capabilities. The public health systems are contributing funding to acquire the necessary hospital infrastructure, including medical beds, which are a crucial prerequisite. Another key element that would positively affect market growth is an increase in fundraising for patient-handling equipment.

 

Restraining Factors

Across healthcare institutions, healthcare personnel spends a large amount of time on patient-handling procedures. Because patient handling consumes the bulk of time, it is critical to conduct effective training programs to raise knowledge about safe patient handling and to reduce the risk of harm during patient handling. Lifting patients with unique conditions, such as pressure sores or burns, as well as bariatric patients, requires extensive training. In the case of inadequate training, caregivers may progressively shift to manual handling as they get a better grasp of manual handling procedures and may find the use of patient lifting equipment difficult. To some extent, this will impede the adoption of patient-handling equipment.

 

Market Segmentation

• In 2022, the medical beds segment is influencing the market with the largest market share over the forecast period.

Based on the product, the global patient handling equipment market is segmented into wheelchairs & scooters, medical beds, mechanical & nonmechanical equipment, and ambulatory aids. Among these segments, the medical bed's segment is dominating the market with the largest revenue share during the forecast period due to the growing usage of handling equipment in hospitals, home care settings, nursing homes, trauma centers, and long-term acute care institutions. Furthermore, new medical beds with features such as bed frames, adjustable angles, and support surfaces for comfort and flexibility of mobility are shifting people's tastes away from traditional beds and boosting demand. The electric backrest is one of the key elements of sophisticated beds that is predicted to expand in popularity shortly. Other benefits include friction and shear reduction, battery backup, quick assembly and disassembly, and simple construction.

 

• In 2022, the wound care segment is dominating the largest market share during the forecast period.

Based on the type, the global patient handling equipment market is bifurcated into different categories such as bariatric care, fall prevention, critical care, & wound care. Among these segments, the parenteral segment is dominating the market owing to rising incidences of medical conditions such as critical, acute, and chronic wounds, pressure ulcers, burns, postoperative injuries, venous leg ulcers, and diabetic ulcers. In addition, advanced technologies available for wound care management, such as stem cell therapy, hyperbaric oxygen therapy, bioengineered tissue, and negative-pressure wound therapy are further anticipated to augment the industry growth in the coming years.

 

• In 2022, the acute care segment is dominating the largest market share during the forecast period.

Based on the application, the global patient handling equipment market is classified into acute care, mobility support, fall prevention, & others. Among these segments, acute care is dominating the market During the projection period, the rising population suffering from chronic illnesses such as myocardial infarction and stroke will drive segmental expansion. Furthermore, segmental growth is driven by an increase in patient admissions as the prevalence of chronic illness rises. Furthermore, the implementation of novel technology for acute care patient management will propel the industry forward.

 

Regional Segment Analysis of the patient handling equipment market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

Europe dominated the market with the largest market revenue of over 49.3% during the forecast period

 

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Europe is leading the significant market growth over the forecast period. This is due to the availability of multiple healthcare facilities, the presence of qualified personnel, the demand for better services, and supporting rules for patient safety. Furthermore, the presence of significant important competitors in the area, as well as their different strategic initiatives such as product launches, partnerships, collaborations, mergers, and acquisitions, are propelling regional market expansion.

 

North America is expected to experience high revenue market growth during the forecast period owing to expanding demand for home care devices, increasing senior population, and supporting government help for innovation in infrastructure and medical facilities. Furthermore, the rising prevalence of Musculoskeletal Disorders (MSDs) in this area contributes to market growth throughout the projection period.

 

Competitive Analysis

The report offers the appropriate analysis of the key organizations/companies involved within the global patient handling equipment market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

• Arjo
• Baxter International Inc.
• Savaria (Canada), Invacare Corporation
• Stryker
• Drive DeVilbiss Healthcare
• Etac AB 
• GF Health Products, Inc.
• V. Guldmann A/S
• Joerns Healthcare LLC
• Medline Industries, Inc.
• Prism Medical UK Ltd.
• LINET (Czech Republic)
• Stiegelmeyer GmbH & Co. KG 
• Benmor Medical 
• Malvetio Spa 
• EZ Way, Inc.

 

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

 

Recent Development

• In September 2022, Handicare has a broader portfolio, including the Garaventa Lift series of wheelchair platform lifts, as well as new and enhanced products such as the 4000 curved stairlifts.

 

• In May 2022, Birdie Evo XPLUS, a revolutionary patient lift solution for post-acute care environments, was introduced by Invacare. With its sleek and modern form, it features breakthrough technology that helps enhance comfort and security while lifting or transferring a patient to or from a bed, chair, or floor.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2022 to 2032. Spherical Insights has segmented the Global Patient Handling Equipment Market based on the below-mentioned segments:

 

Global Patient Handling Equipment Market, By Product

• Wheelchairs & Scooters
• Medical Beds
• Mechanical & Nonmechanical Equipment
• Ambulatory Aids

 

Global Patient Handling Equipment Market, By Type

• Bariatric Care
• Fall Prevention
• Critical Care
• Wound Care

 

Global Patient Handling Equipment Market, By Application

• Acute Care
• Mobility Support
• Fall Prevention
• Others

 

Global Patient Handling Equipment Market, By End Users

• Clinics
• Ambulatory Surgery Centres
• Hospitals
• Home Care Settings
• Others

 

Patient Handling Equipment Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico

• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa