Major players of the patient handling equipment market include Stryker Inc (U.S.) , Hill-Rom Inc. (U.S.), Arjo Huntleigh Inc (Sweden), Guldmann Inc. (Denmark), Invacare Corporation (U.S.), Linet Inc. (Czech republic), Stiegelmeyer Inc. (Germany), Joerns healthcare (U.S.), Handicare Inc. (Norway) and Prism Medical (U.S.) The patient handling equipment market is highly fragmented, with Getinge Group and Hill-Rom leading most of the segments. However, each segment is dominated by different players owing to their core competencies.
Getinge (Arjo Huntleigh) has emerged as the market leader in the global patient handling equipment and is likely to maintain its leadership position in coming years. The company is engaged in eight different business segments namely therapeutic support systems, support solutions, vascular therapy, medical beds, hygiene systems, disinfection, support couches and diagnostics. Getinge’s strategy is to expand the market through partnerships, connecting financially with companies having common values and goals. To gain the maximum market share the company has been aggressively adopting the strategies of collaboration and partnerships with third party vendors. Until now the company has acquired Therapeutic Support System (U.S.) and Acare Medical Science Ltd (China).
Hill-Rom occupies the second position in the patient handling equipment market. The company is involved in manufacturing and providing medical technologies to the healthcare industry. Its product segment comprises hospital beds & long term care beds, wound therapy systems, support surfaces, patient handling, architectural products, stretchers, furniture, respiratory care, clinical workflow solutions and surgical equipment. The company strategically focuses on mergers and acquisitions as a key strategy for its growth. To obtain maximum market share the company has already acquired companies like TRUMPF Medical (Germany), Volker (Germany).
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The in depth research in patient handling equipment market has brought to light that new product launches is the key strategy followed by major players to enhance their existing portfolio. It accounted for 38% share of the total number of strategies. Major players such as Stryker Inc (U.S.), Hill-Rom (U.S.), Arjo Huntleigh Inc (Sweden), Guldmann Inc. (Denmark), Invacare Corporation (U.S.) followed this strategy between 2012 to 2014. For instance in June 2013 Stryker launched its new Prime TC wheelchair with improved design. This new wheelchair more comfortable, durable, and user friendly. This launch helped to strengthen the company’s technology and designing platform in patient handling equipment.
