Patient Handling Equipment Market By Type (Wheelchairs And Scooters, Medical Beds, Bathroom Safety Supplies, Mechanical Lifting Equipment And Non-mechanical Lifting Equipment, Ambulatory Aids, Other Accessories), By End User (Hospitals, Clinics And Nursing Homes, Academic And Research Institutions, Rehabilitation And Elderly Care Centers) - Growth, Share, Opportunities & Competitive Analysis, 2018 – 2026

The patient-handling equipment market is expected to exhibit lucrative growth during the forecast period.

The global patient-handling equipment market is rapidly expanding; it was worth $10,600.1 million in 2017 and is expected to be worth $24,364.3 million by 2026. Increasing emergency procedures, trauma, the growing commonness of disabilities, injuries among the elderly, and faster patient transportation with higher safety, along with the growing adoption of branded equipment, drive the overall patient handling equipment market's growth. New technological evolutions in transfer and lifting equipment would also drive the overall market.

Market Synopsis

The medical bed segment is expected to register higher growth by the end of 2026.

Overall patient handling equipment sales are increasing significantly, primarily in Asia Pacific and Western Europe. The market is further fuelled by rising private institutional nursing and the entry of major international players from Europe and the U.S. in domestic markets. A wide range of patient handling equipment, mainly in the wheelchair and scooter segment, incorporates experts to meet the dynamic demand. Growing emergency care services and high investment in the medical bed segment in hospitals and clinics are driving the growth successfully. Increasing super-specialty healthcare accommodations globally, along with rising investment and adoption of new products with long-term care beds, curative care beds, and psychiatric care beds, are fulfilling the demand globally.

The clinic's segment is expected to register higher growth by the end of 2026.

Stable development in the hospitals and clinics segment is expected to grow at a healthier CAGR. The changing dynamics of critical and emergency care, the demand for convenience in patient transfer from and to departments, as well as an increase in trauma cases and injuries among the elderly population are generating determined revenue now and will continue to do so in the coming years. Moreover, the expanded use of accessories and enhanced applications of lifting and transfer equipment for improved outcomes are driving the overall development of the market. Nevertheless, higher costs and a formless reimbursement structure in emerging nations are hindering the growth of the patient-handling equipment market.

Increasing demand for advanced equipment and the presence of established players hold North America in a dominant position.

North America will account for the greatest revenue share of the global patient-handling equipment market. Major factors boosting growth in North America and Europe include advanced elderly care management, widespread adoption of high-quality equipment, an increase in partnerships and long-term business engagements, and increased demand for advanced products in developing countries. However, in developing economic regions such as Asia-Pacific and Latin America, the availability of advanced equipment is inadequate. The patient handling equipment market's overall growth is being hampered by a lack of quick emergency care and skilled professionals, less accessibility of high-end product types, and extremely high costs with no reimbursement.

The dominance of multinational manufacturers with strong product portfolios in the developed regions

Major players in the patient handling equipment market are DJO Global and Linet, Inc. Handicare, Inc., Benmor Medical Ltd., Hill Rom Holdings, Inc., Spectra Care Group, Etac Ltd., Guldmann, Inc., Joerns Healthcare LLC, Permobil AB, Stiegelmeyer, Inc., Mangar International Ltd., Stryker Corporation, Patterson Medical Holdings, Inc., and others Manufacturers are implementing growth strategies along with technological advancements in transfer and lifting accessories. Furthermore, rapid product launches and expansion to hospitals and clinics in the form of partnerships will further spur revenue growth in the future.

Periods of History and Forecast

This study report includes an analysis for each segment from 2016 to 2026, with 2017 as the base year. The compound annual growth rate (CAGR) for each of the respective segments is estimated for the forecast period from 2018 to 2026

Reporting Scope by Segments

The current report also includes qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints, and opportunities to provide a complete picture of the overall patient handling equipment market. Additionally, the global report also comprises a graphical representation of the competitive landscape based on their market initiatives and strategies, product portfolios, and business strengths.

Key questions are answered in this report.

  • What are the current market trends and dynamics in the patient handling equipment market, and what are the valuable opportunities for emerging players?
  • Which segment accounts for the fastest CAGR during the forecast period?
  • What is the impact of the high cost of transfer and lifting equipment on the patient handling equipment market?
  • What are the market trends and dynamics in emerging markets such as Japan, Latin America, the Middle East, and Africa?

Frequently Asked Questions:

The market for Patient Handling Equipment Market is expected to reach US$ 24,364.3 Mn in 2026.

The Patient Handling Equipment Market is expected to see significant CAGR growth over the coming years, at XX%.

The report is forecasted to 2018-2026.

The base year of this report is 2017

DJO Global, Linet, Inc,Handicare, Inc.,Benmor Medical Ltd.,V.Guldmann A/S are some of the major players in the global market

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Published Date:  Mar 2019
Category:  Medical Devices
Report ID:   59616
Report Format:   PDF
Pages:   120
Rating:    4.4 (56)
Delivery Time: 24 Hours to 48 Hours   
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