Albany, NY -- (SBWire) -- 05/25/2016 --Transparency Market Research, in a report titled "Patient Handling Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023," states that the global patient handling equipment market is anticipated to witness a healthy growth over the next seven years. The patient handling equipment market is driven by the rising incidence of lifestyle-related disorders such as cardiovascular ailments and diabetes, the growing geriatric population base, and the increasing popularity of home healthcare.
The global patient handling equipment market has been studied on five fronts: Accessories, product type, type of care, end use, and geography.
On the basis of product types, the patient handling equipment market comprises scooters, wheelchairs, bathroom safety supplies, medical beds, ambulatory aids and accessories, and mechanical and non-mechanical equipment. Medical beds presently dominate the overall market owing to their growing demand at hospitals and nursing homes.
By way of accessories, the market for patient handling equipment has been segmented into transfer accessories, lifting accessories, stretcher accessories, evacuation accessories, and hospital bed accessories.
Based on type of care, the patient handling equipment market has been categorized into critical care, fall prevention, bariatric care, and wound care. The critical care segment holds the largest share in the patient handling equipment market owing to an increasing number of geriatrics being admitted to the intensive care unit.
On the basis of end use, the market for patient handling equipment has been divided into hospitals, home care, and elderly care. Hospitals lead the overall market owing to their financial capacity of purchasing advanced and expensive patient handling equipment and the consistent need for such equipment. The home care segment is anticipated to gain prominence in the coming years with the rising preference for home healthcare.
By geography, the global patient handling equipment market covers Asia Pacific, Europe, North America, and Rest of the World. Europe and North America are the largest regional markets and are likely to retain dominance over the global scenario through 2023. The rising number of nursing homes and hospitals in the developing countries of Asia Pacific is projected to drive the regional patient handling equipment market.
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The assessment of the vendor landscape is an insightful and valuable read as it not only gives clients an idea on which players currently dominate the patient handling equipment market but also sheds light on their business strategies, the recent developments that have impacted their growth, their key product and service portfolio, and their present financial status. Stryker Corporation, Invacare Corporation, Guldmann Inc., Prism Medical, Getinge Group, Joerns Healthcare, Stiegelmeyer & Co. GMBH, Hill-Rom Holdings, Inc., Linet Spol. S.R.O, and Handicare are some of the prominent names in the patient handling equipment market.
A SWOT analysis has been employed to clearly illustrate the individual strengths, weaknesses, opportunities, and threats of these companies and help competitors devise effective business strategies for the future.
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Global Patient Handling Equipment Market Benefits from Rising Preference for Home Healthcare over Hospital Stays
Transparency Market Research Report Added "Patient Handling Equipment Market" to its database.