Address: C76, Balewadi, Pune, Maharashtra
Global Patient Handling Equipment Market is anticipated to rise at a value CAGR of 7.5 % over 2019-2028. According to a study published by Insure Insights on the Global Patient Handling Equipment Market. Patient Handling Equipment is that equipment used to handle patient with chronic disorders or difficulty; it includes equipment like Patient Transfer Devices, Medical Beds, Wheelchairs & Mobility Scooters etc, this equipment is a great help to the physically challenged and disabled. The rise in the number of accidents worldwide has significantly driven market growth.
Top Driver: The upsurge in the incidence of the Disabled population drives the market growth
The upsurge in the patients with disabilities and the growth is in the incidence of chronic diseases are primary factors driving the market. Furthermore, the growth in the geriatric population and high risk of injuries to caregivers during the manual handling of patients have increased the demand of the market. The favorable government regulations to ensure the safety of healthcare personnel during manual lifting processes these safety guidelines are expected to escalate the market
Wheelchairs and scooters to dominate the Global Patient Handling Equipment Market
Based on the Product, Wheelchairs and scooters segment have dominated the segmental growth due to the upsurge in the geriatric population and have positively impacted the overall segmental growth, as people age 65 and above are more prone to injuries and fall as compared to other age groups. The mounting growth in the number of accidental injuries resulting in disabilities has increased the demand for wheelchairs and scooters. The increase in the accidental injuries causing disabilities have further propelled the segmental growth.
In terms of the Application, Acute & critical care segment has obtained the most significant growth due to the surge in the incidences of chronic diseases, the advent of innovative technologies for acute & critical care patient handling has expanded the segmental market. Based on the End User, hospitals segment has obtained lucrative growth in the market due to the rise in the adoption of the rate of patient handling equipment for the medical safety of patients and caregivers.
North America boosts the regional market due to the presence of the key competitors
The presence of the key players like Hill-Rom Holdings, Invacare Corporation, Joerns Healthcare, Medline Industries has positively impacted regional growth. Moreover, the sophisticated healthcare infrastructure and increase in the incidences of chronic diseases are accelerated to the market of North America. The rise in the geriatric population and surge in the number of people with various disability has increased the demand for Patient Handling Equipment in the region, The increase in the Government initiatives and supportive regulations for patient safety have further escalated the regional growth.
Product Launches, and Acquisition, are the major strategies of the competitors
The Players of the Global Patient Handling Equipment Market is fragmented. The key competitors of the Global Patient Handling Equipment Market are Stryker, Invacare, Hill Rom Services, Guldmann, Stiegelmeyer, Joerns Healthcare, HoverTech International, Prism Medical, Drive Medical, and ORTHOS XXI.
Prism Medical: Prism Medical is one of the major competitors of the Global Patient Handling Equipment Market. In December 2019, Prism Medical had announced the acquisition of Harvest Healthcare Ltd; they are a provider of pressure area care and moving & handling products. The acquisition was made by Prism Medical t expand its product portfolio with pressure area care and moving & handling products
Stryker: Stryker is a popular competitor in the Global Patient Handling Equipment Market. In November 2019, Stryker had announced the agreement to acquire Wright Medical, the deal was made for USD 5.4 billion. They are a medical device company. The acquisition was made by Stryker to strengthen its market position of trauma & extremities
Scope of the Report
By Product
By Application
By End User
By Region
Key Reasons to Purchase this Report
Table of Content
Chapter 2 Our Research Practice
Chapter 4 Covid-19 Impact Analysis
4.3 Key Factor Impact Analysis
Chapter 5 Global Patient Handling Equipment Market Forces
5.2 Porter’s Five Forces Analysis
5.2.2 Threats From New Entrants
5.2.4 Threat From Substitute Product
Chapter 6 Global Patient Handling Equipment Market -Industry Snapshots
6.1.1 Global Patient Handling Equipment Market Value, 2019 – 2028, (US$ Bn)
6.2.2 Restraint/Challenges analysis
6.3 Supply Chain/Value Chain Analysis
Chapter 7 Global Patient Handling Equipment Market Analysis, by Product
7.2 Key Findings for Patient Handling Equipment Market- By Product
7.2.1 Patient Handling Equipment Market- Wheelchairs and scooters
7.2.2 Patient Handling Equipment Market- Mechanical lifting & transfer equipment
7.2.3 Patient Handling Equipment Market- Others
Chapter 8 Global Patient Handling Equipment Market Analysis, by Application
8.2 Key Findings for Patient Handling Equipment Market- By Application
8.2.1 Patient Handling Equipment Market- Acute & critical care
8.2.2 Patient Handling Equipment Market- Mobility assistance
8.2.3 Patient Handling Equipment Market- Fall prevention
8.2.4 Patient Handling Equipment Market- Long term care
Chapter 9 Global Patient Handling Equipment Market Analysis, by End User
9.2 Key Findings for Patient Handling Equipment Market- By End User
9.2.1 Patient Handling Equipment Market- Hospitals
9.2.2 Patient Handling Equipment Market- Home care settings
9.2.3 Patient Handling Equipment Market- Elderly care facilities
9.2.4 Patient Handling Equipment Market- Others
Chapter 10 Patient Handling Equipment Market Analysis by Region
10.1 Key Findings for Patient Handling Equipment Market- By region
10.2.1 Global Patient Handling Equipment Market Analysis, By Product, 2019 – 2028
10.2.2 Global Patient Handling Equipment Market Analysis, By Application, 2019 – 2028
10.2.3 Global Patient Handling Equipment Market Analysis, By End User, 2019 – 2028
10.3 Patient Handling Equipment Market – North America
10.3.5 North America Market, By Product
10.3.6 North America Market, By Application
10.3.7 North America Market, By End User
10.4 Patient Handling Equipment Market – Europe
10.4.7 Europe Market, By Product
10.4.8 Europe Market, By Application
10.4.9 Europe market by, End User
10.5 Patient Handling Equipment Market – Asia Pacific
10.5.6 Asia Pacific Market, By Product
10.5.7 Asia Pacific Market, By Application
10.5.8 Asia Pacific Market, By End User
10.6 Patient Handling Equipment Market – LAMEA
10.6.2 Middle East & Africa (MEA)
10.6.5 Latin America, Middle East and Africa Market, By Product
10.6.6 Latin America, Middle East and Africa Market, By Application
10.6.7 Latin America, Middle East and Africa Market, By End User
Chapter 11 Market Competition Analysis
11.1 Market Share/Positioning Analysis
11.1.1 Market Positioning of Key Vendors, 2019
11.1.2 Key Strategies Adopted by the Leading Players
Chapter 12 Company Profiles- Snapshot
*More than 10 Companies are profiled in this Research Report*
*Financials would be provided on a best efforts basis for private companies”
Please fill out the form to receive sample pages of the report