The growth of patient
handling equipment market is largely driven by the rising
geriatric population, high risk of injuries to caregivers during the manual
handling of patients, and the implementation of regulations ensuring the safety
of healthcare personnel during manual lifting processes.
The patient handling equipment market
is projected to reach USD 12.6 billion by 2024 from USD 8.9 billion in 2019, at
a CAGR of 7.2%.
The patient transfer devices segment is expected to account for the largest
share of the market. The large share of this segment can primarily be
attributed to factors such as the increasing installation of ceiling lifts in
hospitals and the growing adoption of patient lifts for bariatric patient
handling.
The wheelchairs & mobility scooters segment is expected to account for the
largest share of the mobility devices market. The increasing geriatric, obese,
and disabled population is the key factor contributing to the growth of this
market.
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End User of Patient Handling Equipment Market:
1. Hospitals
2. Home Care Settings
3. Emergency Medical Services
4. Elderly Care Facilities
5. Trauma Centers
The hospitals segment is expected to account for the largest share of this
market in 2019. The large share of this segment is primarily attributed to the
growing patient population, rising geriatric population, growing number of
disabled people, increasing number of injuries caused during the patient
handling process, and the increasing preference for patient handling equipment
over manual handling in hospitals.
Regional Growth, Development and Demand Analysis:
Europe is expected to account for the largest share of this market, followed by
North America. The large share of this regional segment is attributed to the
growing number of government and non-government initiatives regarding the
adoption of safe patient handling equipment, wide acceptance of a “no-lift†approach in European countries, and
the presence of a large number of equipment manufacturers in Europe.
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Key Players:
The major companies in the patient handling equipment market include Arjo
(Sweden), Invacare (US), and Hill-Rom Holdings (US).
Arjo (Sweden) has a broad range of patient handling equipment, which ensures
safe and comfortable patient handling. With its strong geographical presence,
brand image, and wide distribution network, the company is expected to hold a
significant position in the market.