This report aims to provide detailed insights
into the global safe patient
handling equipment market. It provides valuable information on
the type, procedure, application, and region in the market. Furthermore, the
information for these segments, by region, is also presented in this report.
Leading players in the market are profiled to study their product offerings and
understand the strategies undertaken by them to be competitive in this market.
Key
Factors Driving Market Growth:
The growth of this market
is primarily driven by the rising geriatric and obese populations, high risk of
injuries to caregivers during the manual handling of patients, growing patient
admissions in hospitals, and the implementation of regulations ensuring the
safety of healthcare personnel during the manual lifting process.
Expected
Revenue Growth:
[295 Pages Report] The global patient handling
equipment market is projected to reach USD 13.9 billion by 2026 from USD 12.4
billion in 2021, at a CAGR of 2.3%.
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“Patient transfer devices was the largest and
fastest-growing segment in the type of patient handling equipment market in
2020”
Based
on type, the patient handling equipment market is segmented into mobility
devices, medical beds, bathroom & toilet assist equipment, patient transfer
devices, and stretchers & transport chairs in 2020, the patient transfer
devices segment accounted for the largest share of the market. The large share
of this segment can primarily be attributed to the increasing installation of
ceiling lifts in hospitals and the growing adoption of patient lifts for
bariatric patient handling.
Hospitals are the largest end users of patient handling equipment
Based on end user, the patient handling equipment market is
segmented into hospitals, home care settings, and other end users (elderly care
facilities, emergency medical services, long-term acute care centers, trauma
centers, and nursing homes). The hospitals segment is expected to account for
the largest share of patient handling devices market in 2020. 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.
Europe will
continue to dominate the patient handling equipment market during the forecast
period
On the basis of region, the patient handling devices market is segmented
into North America, Europe, the Asia Pacific, and
the Rest of the World (RoW). Europe
accounted for the largest share of the global patient handling equipment
market. 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 and the presence of a large number of patient
handling equipment manufacturers in Europe. The Asia Pacific market is
projected to register the highest CAGR during the forecast period. Market
growth in the Asia Pacific is attributed to the growing number of healthcare
facilities in Asian countries.
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The major players in the patient handling equipment market include Arjo (Sweden), Hill-Rom
Holdings (US), and Invacare (US).
Arjo is the leading player in the patient
handling devices market. The company offers a broad range of patient handling
equipment that ensures safe, comfortable, and dignified patient transfer. The
company is expected to grow at a high rate in the patient handling market during
the forecast period, owing to a strong geographic presence, product innovation,
robust brand image, wide distribution network, and continuous expansions in
developed and developing regions. Arjo focuses on expanding its presence in the
patient handling devices market with the adoption of organic and inorganic
growth strategies.