Investigating the Impact of Healthcare Trends on the Patient Handling Equipment Market
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%.
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.
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The key players operating in the patient handling equipment
market include 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).
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.
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
populations, and the increasing number of injuries caused during the patient
handling.
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.
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Recent Developments:
·
In September 2022, Handicare offers an expanded
portfolio, including the Garaventa Lift range of wheelchair platform lifts, as
well as new and improved products, such as the 4000 curved stairlifts.
·
In May 2022, Invacare launched Birdie Evo XPLUS,
an innovative patient lift solution for post-acute care settings. With its
sleek and modern design, it provides innovative technology that helps maximize
comfort and security when lifting or transferring a patient to or from a bed,
chair or floor.
·
In March 2022, Stryker launched the
Multi-Position MATS Mobile Air Transfer System, that prevents patients from
sliding during tilt procedures and protect nurses during pre- and post-surgical
lateral transfers.
·
In May 2021, Hill-Rom participated in the
fire-side chat in the UBS Global Healthcare Virtual Conference to support its
healthcare business.
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