Patient Handling Equipment Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

With the rapid advancement in technology and the increasing number of hospitalization cases, the surging number of surgical cases has increased pressure on the hospitals and the medical staff for proper handling of patients. The manual handling of the patients is responsible for the increasing number of injuries among medical staff. In 2019, U.S. hospitals recorded 221,400 work-related injuries and illnesses, a rate of 5.5% work-related injuries and illnesses for every 100 full-time employees. Furthermore, the increasing concerns about patient safety significantly contribute to the market growth of the patient handling equipment market. Additionally, the growth of orthopedic rehabilitation centers induces the demand for patient-handling devices which are useful in the training.

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According to UnivDatos Market Insights (UMI)’ research report “Global Patient Handling Equipment Market Analysis, 2021”, the Patient Handling Equipment market is projected to grow at a CAGR of ~6% during 2021-27F. Deteriorating health coupled with the rising incidences of medical injuries is one of the major reasons of concern across the globe owing to the advancement in medical technology. These factors are driving the worldwide demand for cost-effective healthcare solutions augmenting the growth of the patient handling equipment market globally.

Based on the product type, the market is segmented into wheelchairs and scooters, medical beds, mechanical and nonmechanical equipment, ambulatory aids, and others. In 2020, the wheelchairs & scooter segment has a significant share of the patient handling equipment market due to the increasing number of patients in the hospitals and the surging geriatric population that requires proper treatment resulting in an increasing market size for the patient handling equipment. As per CDC, 17 % of Americans older than 65 years are hospitalized at least once during the year. 

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Hospital Segment to Witness Robust growth

Based on End-users, the market is segmented into hospitals, home-care settings, and others. The hospital segment is expected to witness significant market growth during the forecast period. The segmental growth is due to the increasing number of medical injuries, the surging geriatric population, and an increasing number of orthopedic cases. Globally, a 33.4% increase in new fracture cases was reported in 2019 which accounted for 133.08 million cases in 2018 and reached 178 million cases in 2019.   

Europe to Grab Lion’s Share, and witnessed Explicit Growth

Based on the region, APAC dominated the global Patient Handling Equipment market in 2020. The region is projected to maintain its dominance during the forecasted period 2021-27 owing to the well-established market players and frequent product launches. APAC is expected to skyrocket with a robust CAGR in the forecast period owing, as stated in UnivDatos Market Insights (UMI)’ research report “Global Patient Handling Equipment Market Analysis, 2021”. 

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the patient handling equipment market are Arjo, Hill-Rom Holdings Inc., Invacare Corporation, Stryker, Drive divibliss healthcare, Inc., ETAC AB, GF Health Products, Inc., Guldmann Inc., Handicare group AB, Joerns Healthcare LLC among others. The players are focused on launching products for gaining customers' traction and expanding their geographical reach to get a competitive edge in the industry.  

“Global Patient Handling Equipment Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for patient handling equipment providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of go to Market Strategies and identifying the blue ocean for its offerings.

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Market Segmentation:

1.      By Product Type (Wheelchairs And Scooters, Medical Beds, Mechanical and Nonmechanical Equipment, and Ambulatory Aids)

2.      By End-users (Hospitals, Home-Care Settings, and Others)

3.      By Region (North America, Europe, Asia-Pacific, Rest of the World)

4.      By Company (are Arjo, Hill-Rom Holdings Inc., Invacare Corporation, Stryker, Drive divibliss healthcare, Inc., ETAC AB, GF Health Products, Inc., Guldmann Inc., Handicare group AB, Joerns Healthcare LLC., etc.)

Key questions answered in the study:

1.      What are the current and future trends of the patient handling equipment industry?

2.      How the industry has been evolving in terms of product type and end-users?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for the Patient Handling Equipment industry?

5.      What is the customer orientation, purchase behavior, and expectations from the Patient Handling Equipment firms across various regions?

Table of Content –

1.    MARKET INTRODUCTION

2.    RESEARCH METHODOLOGY OR ASSUMPTION

3.    MARKET SYNOPSIS

4.    EXECUTIVE SUMMARY

5.    IMPACT OF COVID-19 ON THE PATIENT HANDLING EQUIPMENT MARKET

6.    PATIENT HANDLING EQUIPMENT MARKET REVENUE (USD BN), 2019-2027F

7.    MARKET INSIGHTS BY PRODUCT TYPE

8.    MARKET INSIGHTS BY END-USERS

9.    MARKET INSIGHTS BY REGION

10.   PATIENT HANDLING EQUIPMENT MARKET DYNAMICS

11.   PATIENT HANDLING EQUIPMENT MARKET OPPORTUNITIES

12.   PATIENT HANDLING EQUIPMENT MARKET TRENDS

13.   POLICY AND REGULATORY LANDSCAPE

14.   DEMAND AND SUPPLY-SIDE ANALYSIS

15.   COMPETITIVE SCENARIO

16.   COMPANY PROFILED

17.   DISCLAIMER

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