Patient Handling Equipment Market Is Projected To Reach USD 23.4 Billion By 2024: By Grand View Research, Inc.
The patient handling equipment market is expected to
reach USD 23.4 billion by 2024, according to a new report by Grand View
Research, Inc. The upsurge in the demand for products, such as slings, lifts,
powered electric wheelchair, due to high risk of physical injuries in manual
lifting of heavy loads is a key growth driver of patient handling equipment
market. In addition, growing prevalence of injuries, such as lower back pain,
musculoskeletal disorders (MSDs), etc., is expected to boost growth in this
sector. These injuries are avoidable by practicing safe patient handling
guidelines and using equipment for the same.
Associated advantages and availability of improved products
such as prime Transport Chairs (TC), temperature management systems, and
patient transfer solutions, which offer safe, comfortable, and dignified
transfer are the factors anticipated to provide lucrative growth to this sector
in the near future.
Increasing incidences of Non-communicable Diseases (NCD),
such as diabetes, asthma, cancer, stroke, etc., requiring patient handling
equipment in homecare settings, hospitals, and intensive care units are further
expected to boost market growth over the forecast period.
Browse full research report on global Patient Handling Equipment Market: http://www.grandviewresearch.com/industry-analysis/patient-handling-equipment-market
Further key findings from the study suggest:
- The
mechanical and nonmechanical equipment segment is expected to grow at a
lucrative CAGR of above 12.0% owing to high penetration of hospital
furniture, stretchers, evacuation equipment, ambulatory aids, and
accessories in healthcare settings
- On the
other hand, medical beds dominated this industry in terms of revenue share
in 2015, due to high adoption rate by hospitals and long-term acute care
centers. Moreover, introduction of technologically enhanced products and
comfort offered by them are the factors attributing to its dominant share
- Critical
care segment is anticipated to grow lucratively during the forecast
period, due to rising treatment rates and adoption of equipment to curb
increasing prevalence of critical conditions and reduction in mishaps that
occur during patient handling. Moreover, the critical care nursing and
intensive care units requiring stable and safe handling practices for
cardiothoracic, coronary, trauma, and surgical units supporting patients’
health are expected to widen the consumer base for these devices
- Home
care setting is anticipated to grow lucratively as a consequence of
increasing patient preference to reduce hospital stay and cost for the
treatment. In addition, the increasing preference of home care facilities
by elderly patients’ are expected to intensify demand for patient handling
equipment over the forecast period. Moreover, increasing applications of
long-term care programs, home health agency, and homecare services are
expected to propel market growth during the forecast period
- Some
key players in this market include Stryker Corporation; Hill-Rom
Holdings, Inc.; Invacare Corporation; Getinge Group; Guldmann, Inc.;
Stiegelmeyer, Inc.; Benmor Medical Ltd.: Sidhil Ltd.; ArjoHuntleigh, Inc.;
Etac Ltd.; Joerns Healthcare; Handicare, Inc.; Mangar International Ltd.;
Linet Americas, Inc; and Prism Medical Ltd.
- These
players are adopting strategies such as technological innovation, new
product launch, and strategic collaborations, including mergers and
acquisitions to capitalize their industry share. For instance, in March
2016, Prism Medical Ltd. acquired lifts and elevating business of Shoppers
Home Health Care in a probe to expand its business capabilities and
strengthen its services portfolio. Similarly, in November 2014, Stiegelmeyer,
Inc. introduced new technology “e-help,” an intelligent sensor technology
for homecare and in-patient services enabling deeper market penetration.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the patient handling
equipment market on the basis of product type, end-use, and region:
Global Patient Handling Equipment Product Outlook
(Revenue, USD Million, 2013 - 2024)
- Wheelchairs
& Scooters
- Medical
Beds
- Mechanical
& Nonmechanical Equipment
- Ambulatory
Aids
- Others
Global Patient Handling Equipment Type Outlook
(Revenue, USD Million, 2013 - 2024)
- Bariatric
Care
- Fall
Prevention
- Critical
Care
- Wound
Care
Global Patient Handling Equipment End-Use Outlook
(Revenue, USD Million, 2013 - 2024)
- Home
Care Settings
- Hospitals
- Elderly
Care Facilities
- Other
Patient Handling Equipment Regional Outlook (Revenue, USD
Million, 2013 - 2024)
- North
America
- U.S.
- Canada
- Europe
- UK
- Germany
- Asia
Pacific
- Japan
- China
- India
- Latin
America
- Mexico
- Brazil
- MEA
- South
Africa
Access press release of this research report by Grand
View Research: http://www.grandviewresearch.com/press-release/global-patient-handling-equipment-market
About Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more information: www.grandviewresearch.com
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