Global Patient Handling Equipment Market

1. Global Patient Handling Equipment Market Awaits a Bright Future: Projected to Grow at a CAGR of 8.3% in the Forecast Period Global Patient Handling Equipment Market Awaits a Bright Future: Projected to Grow at a CAGR of 8.3% in the Forecast Period View report Sample report Press release Summary Global Patient Handling Equipment Market, By Type (Patient Transfer Devices, Medical Beds, Mobility Devices, Bathroom & Toilet Assist Equipment, Stretchers & Transport Chairs), By End User (Hospitals, Home Care Settings, Other End Users), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA) Trend Analysis, Competitive Market Share & Forecast, 2017-2027. A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the global patient handling equipment market was worth USD 10.3 billion in the year 2020. The data generated by the study further reveals that the market is estimated to grow at a CAGR of 8.3%, earning revenue of around USD 17.9 billion by the end of 2027. The need for patient handling equipment to provide physical assistance to the geriatric population, patients suffering from chronic illnesses, or those taking medication drives the growth of the global patient handling equipment market. However, the high cost of such equipment may restrict its market growth especially in developing and low-income countries.

2. Global Patient Handling Equipment Market Awaits a Bright Future: Projected to Grow at a CAGR of 8.3% in the Forecast Period Report Overview The global patient handling equipment market is flourishing significantly because of the driving factors like increasing risk of musculoskeletal injuries while manual handling of patients and rising geriatric population and inpatient treatment. The global patient handling equipment market was worth USD 10.3 billion in 2020 and is further projected to reach USD 17.9 billion by the year 2027, growing at the CAGR of 8.3% in the forecast period. The market growth is fueled by factors such as an increase in inpatient treatment, an aging population andsurging cases of injuries while handling patients manually. Furthermore, regulations surrounding the safety of the healthcare workers are expected to drive the global patient handling equipment market during the forecast period. Global Patient Handling Equipment Market- Overview Patient handling equipment includes devices equipped with mechanical slings or sit-to-stand lifts that assist in shifting patients from or to bed and other resting positions. Wheelchair, stretchers, medical beds, medical scooters, and operating table pads are among the equipment used for patient handling. Equipment of this type operates via hydraulic power or electricity.A wide variety of patient handling equipment is used in hospitals, nursing homes, in home care, and in other places where people receive treatment.Patient handling equipment is highly useful in the prevention of injury of both patient and caretaker while manual handling. Additionally, patients can relax and be flexible with this medical equipment. Global Patient Handling Equipment Market Forecast and Trends Growth Drivers Increasing Prevalence of Musculoskeletal Disorders The prevalence of musculoskeletal disorders like epicondylitis, rotator cuff tendonitis, muscle/tendon strain, carpal tunnel syndrome, etc. is rising at a very rapid rate around the world. According to the WHO, around 1.71 billion people worldwide are suffering from musculoskeletal disorders. Among these, a large percentage is covered by the geriatric population under hospital or home-care treatment. As a result, the need for patient handling equipment for the management of such patients effortlessly is propelling the growth of the global patient handling equipment market. Regulatory Policies Surrounding the Use of Patient Handling Equipment There are no specific laws that require the use of patient handling equipment, but there are regulations and policies which require that healthcare facilities such as hospitals and diagnostic & treatment centers use lifting and transfer aids for patients who need physical assistance.For instance, the Safe Patient Handling Act, originally initiated in New York, requires hospitals, nursing homes, and other public

3. Global Patient Handling Equipment Market Awaits a Bright Future: Projected to Grow at a CAGR of 8.3% in the Forecast Period health clinics to formulate a policy for the use of engineering controls, lifting, and transfer aids. Such policies fuel the demand for patient handling equipment, thereby powering the growth of the global patient handling equipment market. Restraints High Costs of Patient Handling Equipment The high cost of patient handling equipment restrains its adoption and affects the market negatively by limiting its demand. It is very expensive to acquire such equipment; thus, it is only available to the financially strong individuals and countries with stable economies, which reduces their growth potential.For instance, a ceiling lift typically costs between USD 5,000 and USD 12,000, as does the installation of a motorized ceiling lift system that costs approximately 8,000 dollars.This acts as a huge barrier to the growth of the global patient handling equipment market. Impact of COVID-19 on Global Patient Handling Equipment Market Due to the high rate of hospitalization of COVID-19 patients, the COVID-19 pandemic has had a positive impact on the global patient handling equipment market.Most of the patients belonging to the pool affected by the virus were geriatrics who needed help with daily activities.Thus, during the COVID-19 period, the adoption of patient handling equipment for handling patients proliferated significantly. Nevertheless, during the initial phase of COVID-19, there was a little slump in the market due to obstructions in manufacturing operations. However, the market is expected to grow at a high rate in the post-COVID-19 period. Global Patient Handling Equipment Market - By Type Based on types, the global patient handling equipment market is segmented into patient transfer devices, medical beds, mobility devices, bathroom & toilet assist equipment, and stretchers & transport chairs. Among these segments, the patient transfer devices segment holds the largest market share. This segment is further classified into patient lifts, slings, air-assisted lateral transfer mattresses, sliding sheets, and accessories. The increasing adoption of ceiling lifts, sit-to-stand lifts, mobile lifts in the hospitals as well as home care settings is driving the growth of the patient transfer devices segment. Global Patient Handling Equipment Market - By End-User Based on end-users, the global patient handling equipment market is segmented into hospitals, home care settings, and other end-users. The hospital segment accounts for the largest market share among all the segments because of its wide application in the management of critical as well as geriatric patients. Moreover, hospitals across the globe are also investing in advanced healthcare equipment, which is causing the patient handling equipment market to grow substantially.The

4. Global Patient Handling Equipment Market Awaits a Bright Future: Projected to Grow at a CAGR of 8.3% in the Forecast Period home care settings segment, on the other hand, is gaining significant traction and is expected to grow with the highest CAGR during the forecast period. Global Patient Handling Equipment Market - Regional Insights Geographically, the global patient handling equipment market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. Among these regions, North America dominates the market because of the increasing prevalence of musculoskeletal disorders like bone fractures, arthritis, osteoarthritis, especially among the geriatric population in the region. It has been estimated that every third or fourth person aged 65 or over suffers from musculoskeletal disorders.Furthermore, stringent set of government regulations further recommends the use of equipment like patients handling equipment to maintain the safety of patients and healthcare workers in North America, which is driving the growth of the patient handling equipment market in the region. Competitive Landscape The leading market players in the global patient handling equipment market are Joerns Healthcare LLC, Gainsborough Healthcare Group, HoverTech International, Medline Industries Inc., ARJO, Guldmann Inc., Handicare Group AB, Sunrise Medical Inc., Getinge, Hill Rom Holding Inc., Stryker Corporation, Invacare Corporation, Antano Group, Drive Medical, Mangar International Inc., Stiegelmeyer, Joerns Healthcare Inc., Prism Medical, LINET, and other prominent players. With several global and regional players present, the global patient handling equipmentmarket is highly competitive and consolidated.Currently, the industry's leading participants are consolidating their distribution channels and applying strategies to expand their product portfolios and services in emerging economies in order to expand their penetration there.Furthermore, the adoption of competitive strategies like partnerships, mergers, acquisitions, collaborations, etc., is also highly prevalent in this market. Recent Developments In June 2021, Kindred Healthcare, Tennova Healthcare, and The University of Tennessee Medical Center (UTMC), announced the opening of the Knoxville Rehabilitation hospital which will offer several facilities, along with complete monitored rooms, specialized beds, patient lifting equipment, etc.  In June 2021, Henry Ford Hospital announced its partnership with Atlas Lift Tech, Inc. and Arjo Diligent Clinical Consultants to launch a program called ‘Project Mobility which will provide installation of hospital lifts, such as ceiling lifts, lateral transfer, passive lifts, etc., in its hospitals. 

5. Global Patient Handling Equipment Market Awaits a Bright Future: Projected to Grow at a CAGR of 8.3% in the Forecast Period Scope of the Report Attributes Details Historical data – 2017-2020 Years Considered Base Year – 2020 Forecast – 2021 – 2027 Facts Covered Revenue in USD Million North America, Europe, the Asia-Pacific, Latin America, and the Middle East and Africa Market Coverage Product Service/Segmentation By Type, By End-User, By Region Joerns Healthcare Group, HoverTech International, Medline Industries Inc., ARJO, Guldmann Inc., Handicare Group AB, Sunrise Medical Inc., Getinge, Hill Rom Holding Inc., Stryker Corporation, Invacare Corporation, Antano Group, Drive Medical, Mangar International Inc., Stiegelmeyer, Joerns Healthcare Inc., Prism Medical, LINET, and other prominent players. Healthcare LLC, Gainsborough Key Players By Type Patient Transfer Devices  Patient Lifts

6. Global Patient Handling Equipment Market Awaits a Bright Future: Projected to Grow at a CAGR of 8.3% in the Forecast Period Ceiling Lifts Sit-To-Stand Lifts Mobile Lifts Stair & Wheelchair Lifts Bath & Pool Lifts Slings Air-Assisted Lateral Transfer Mattresses Reusable Air-Assisted Mattresses Single-Patient Use Air-Assisted Mattresses Sliding Sheets Accessories Medical Beds  Electric Beds Manual Beds Semi-Electric Beds Mobility Devices  Wheelchairs & Mobility Scooters Powered Wheelchairs Mobility Scooters Manual Wheelchairs Ambulatory Aids Bathroom & Toilet Assist Equipment Stretchers & Transport Chairs   By End-User Hospitals Home Care Settings Other End Users    By Region North America Europe Asia-Pacific (APAC) Latin America (LATAM) Middle-East & Africa (MEA)     

7. Global Patient Handling Equipment Market Awaits a Bright Future: Projected to Grow at a CAGR of 8.3% in the Forecast Period FAQs: 1. What is the current size of the global patient handling equipment market? Answer: The global patient handling equipment market reached USD 10.3 billion in 2020. 2. What are the major factors driving the growth of the global patient handling equipment market? Answer: The major factors driving the growth of the global patient handling equipment market are the increasing prevalence of musculoskeletal disorders and regulatory policies surrounding the use of patient handling equipment. 3. Who are the key players in the global patient handling equipment market? Answer: The key players in the global patient handling equipment market are: Joerns Healthcare LLC, Gainsborough Healthcare Group, HoverTech International, Medline Industries Inc., ARJO, Guldmann Inc., Handicare Group AB, Sunrise Medical Inc., Getinge, Hill Rom Holding Inc., Stryker Corporation, Invacare Corporation, Antano Group, Drive Medical, Mangar International Inc., Stiegelmeyer, Joerns Healthcare Inc., Prism Medical, LINET, and other prominent players. 4. Which end-user segment accounted for the largest share in the global patient handling equipment market? Answer: The hospitals segment accounted for the largest share in the global patient handling equipment market. 5. Which region is at the highest growth rate in the global patient handling equipment market? Answer: North America has the largest share in the global patient handling equipment market.

8. Global Patient Handling Equipment Market Awaits a Bright Future: Projected to Grow at a CAGR of 8.3% in the Forecast Period About us Blueweave Consulting offers a one-stop solution for your market intelligence needs for any service or product. You get well-researched comprehensive reports based on qualitative and quantitative data to put your business plan into action. Your well informed and timely decisions using our reports avert situations of excessive risks and help you grow your business with optimum risk-return trade- off. Delivering quality insights into several product or service markets within the timeline as per the needs of the clients has earned BWC an excellent reputation among clients. BWC strives to provide timely and accurate digital market intelligence services for making your business endeavours successful. For more information, kindly visit our Website www.blueweaveconsulting.com contact us info@blueweaveconsulting.com

9. Global Patient Handling Equipment Market Awaits a Bright Future: Projected to Grow at a CAGR of 8.3% in the Forecast Period