Patient Handling Equipment Market to Reach $14.0 Billion by 2027 with a Strong 6

1. MarketsandMarkets Presents Patient Handling Equipment Market worth $14.0 billion by 2027 https://www.marketsandmarkets.com/Market-Reports/patient-handling-equipment-market-186358368.html

2. The report "Patient Handling Equipment Market by Type (Patient Transfer Devices (Lifts , Sliding Sheets), Medical Beds (Electric, Manual), Mobility Devices (Powered Wheelchairs, Mobility Scooters), End User (Hospitals, Home-care Settings) - Global Forecast to 2027", is projected to reach USD 14.0 billion by 2027 from USD 10.4 billion in 2022, at a CAGR of 6.2% during the forecast period. Download a PDF Brochure: https://www.marketsandmarkets.com/pdfdownload

3. Objectives of the Study: • To define, describe, and forecast the patient handling equipment market on the basis of type, end user, and region • To provide detailed information about the factors influencing the market growth (such as drivers, restraints, challenges, and opportunities) • To strategically analyze micromarkets1 with respect to the individual growth trends, prospects, and contributions to the overall patient handling equipment market • To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players • To forecast the size of the market segments with respect to five regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa • To profile the key players and comprehensively analyze their core competencies2 in terms of key developments, product portfolios, and recent financials • To track and analyze competitive developments such as acquisitions, product launches, partnerships, and expansions in the patient handling equipment market • Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalyst

4. The growth of this market is primarily fuelled by the growing number of obese and geriatric populations, high risk of injuries to healthcare providers during the manual handling of patients, rising number of patient admissions in hospitals, and the implementation of regulations and guidelines ensuring the safety of healthcare workers during the manual lifting. However, improper training provided to caregivers for the efficient operation of patient handling equipment is a major factor hampering the market growth. Patient transfer devices segment is expected to register the highest CAGR during the forecast period. By type, the patient handling equipment market is segmented into medical beds, patient transfer devices, mobility devices, bathroom & toilet assist equipment, and stretchers & transport chairs. In 2021, the patient transfer devices is expected to register highest growth during the forecast period. The high share of this segment can primarily considered to the rising installation of ceiling lifts in hospitals and the rising adoption of patient lifts for bariatric patient handling.

5. Hospital segment accounted for the largest share in the patient handling equipment market in 2021 By end users, the patient handling equipment market is segmented into home care settings, hospitals, and other end users. In 2021, the hospitals segment accounted for the largest share of the patient handling equipment market. Growth can be attributed due to the rising number of patient population, rising number of disabled people, growing number of geriatric population, and the increasing number of injuries caused during the patient handling. Europe accounted for the largest share of the patient handling equipment market in 2021. By region, patient handling equipment market is segmented into North America, Europe, Asia Pacific, Latin America and Middleeast and Africa. In 2021, Europe accounted for the largest share of the global patient handling equipment market. The large share of this market can be attributed due to the presence of large number of patient handling equipment manufacturers in Europe and the increasing number of government and non-government initiatives to adopt safe patient handling equipment. The Asia Pacific patient handling equipment market is expected to grow at the highest CAGR during the forecast period of 2022-2027. The Asia Pacific market growth is attributed to the increasing number of healthcare facilities in Asian countries.

6. The key players operating in the patient handling equipment market include Arjo (Sweden), Baxter International Inc. (US), Savaria (Canada), Invacare Corporation (US), Stryker (US), Drive DeVilbiss Healthcare (US), Etac AB (Sweden), GF Health Products, Inc. (US), V. Guldmann A/S (Denmark), Joerns Healthcare LLC (US), Medline Industries, Inc. (US), Prism Medical UK Ltd. (UK), LINET (Czech Republic), Stiegelmeyer GmbH & Co. KG (Germany), Benmor Medical (UK), Malvetio Spa (Italy), EZ Way, Inc. (US), Ossenberg GmbH (Germany), Antano Group (Italy), Winncare (UK), Getinge AB (Sweden).

7. Company Insights Arjo (Sweden) Arjo is the leading player in the patient handling equipment 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 equipment market with the adoption of organic and inorganic growth strategies. In 2019, it acquired an equity stake in Atlas Lift Tech (US), a provider of patient handling and real-time efficiency analytics solutions to strengthen its position in the patient handling segment and to increase its geographical footprint in the US.

8. Company Insights Hill-Rom Holdings (US) Hill-Rom Holdings provides a wide range of patient handling equipment, such as patient lifts, medical beds, stretchers, and accessories. The company majorly focuses on significant R&D investments for the continuous development and upgradation of its products. Hill-Rom invested USD 0.14 billion in its R&D activities in 2018. The company’s constant focus on innovation helps it in enhancing its product offerings and marking its presence in the patient handling equipment market. For this, the company interacts with a wide customer base and also closely works with clinicians to understand the biggest needs of its end users, which is to deliver a full solution that helps in solving complex patient safety challenges. In line with this, in 2017, Hill-Rom launched a technologically advanced Centrella smart+ bed for hospitals, thus offering optimized patient safety, enhanced patient satisfaction, and advanced caregiver-focused technology.

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