Global Patient Handling Equipment Market to exceed $17.10 Bn by 2022

Zion Market Research has published a new report titled “Patients Handling Equipment Market by Product Type (Bed Frames, Stretchers, Wheelchairs & Scooters, Patient Lifts and Others) for Hospital, Homecare and Other End User – Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021”.The global patients handling equipment market was valued at around USD 9.50 billion in 2015 and is expected to reach approximately USD 17.10 billion by 2021, growing at a CAGR of around 10.0% between 2016 and 2021.

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Patient handling task has a high risk of nonfatal injuries and musculoskeletal disorders for caregivers and patients. Patient handling tasks include lifting, transferring, repositioning, bathing patient on the bed, ambulating patients, making occupied beds, dressing patients, limb holding & standing for long period of time and other tasks of patient handling. These tasks need to perform in the emergency room, operating room, diagnostics lab, in-patients care units, imaging departments and in outpatient’s clinics by caregivers or nurses. Thus nurses have great risks of musculoskeletal disorders and injuries. Patients handling equipment play the prime role in the prevention of these musculoskeletal disorders and injuries.

The growth of patient handling equipment market is propelled by increasing the geriatric and obese population. Geriatric and obese populations are more prone to chronic diseases thus they require care with safety and comfort. Moreover, new emerging technologies in patient handling and increasing the prevalence of chronic diseases are projected to fuel the growth of patients handling equipment market. In addition, the market is significantly growing due to increasing road accidents. On another hand, the patients handling equipment market is largely affected by high cost of equipment. However, increasing investment by the manufacturer in developing countries and new emerging technologies for patient handling are focused on generating new opportunities in coming years.

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Patient handling equipment market is segmented on the basis of product type into bed frames, stretchers, wheelchairs & scooters, patient lifts and others. In 2015, bed frames market dominated the patient handling equipment market with more than 50% market share and is expected to grow at a CAGR of around 4.0% in the forecast period and this is due to increase demand of bed frames equipment. Wheelchairs & scooters segment is a second largest segment in patient handling equipment market and it is expected to grow at the noticeable growth rate in the forecast period.

Patient handling equipment market is segmented on the basis of end user into hospital, home care, and others. Hospital segment dominated the market followed by home care segment and it is expected to grow at the highest rate in the forecast period. With increasing home care service and demand for homecare patient handling equipment, homecare segment will exhibit significant growth in the forecast period.

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Patient handling equipment market is segmented on the basis of the region into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2015, Europe dominated the patient handling equipment market with more than 35% market share and it was valued around USD 3.30 billion. In Europe region, U.K. has the strong hold on market due to increasing demand for patient handling equipment followed by and it is expected to show lucrative growth in coming years. North America was growing at a significant growth rate and it is predicted to generate more demand for patient handling equipment in future. Asia Pacific patient handling equipment market accelerated by the development of new technologies for safe patient handling and increasing geriatric & obese population and it is expected to grow at the healthy rate during the forecast period.

Key participants operating in the patient handling equipment market include Stryker Corporation, Hill-Rom Holdings Inc., Invacare Corporation, Getinge Group, Prism Medical Ltd., Guldmann Inc., LINET Group SE, Joerns Healthcare LLC, Stiegelmeyer-Group, and Handicare.

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