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Comprehensive Analysis on Patient Handling Equipment Market: Key Players: Stryker, Hill-Rom, Invacare Corporation, Prism Medical

Patient Handling Equipment Market to Exhibit A Lucrative Growth Of 11.2% CAGR


Sellbyville, DE -- (SBWIRE) -- 05/21/2019 -- The Patient Handling Equipment Market is set to exceed USD 23 billion by 2024; according to a new research report by Global Market Insights. Rising patient pool suffering from disabilities should impel patient handling equipment growth in forthcoming period. According to Disabled World data, approximately 650 million of global population suffers from some kind of disability, especially females. Number of people with disabilities is accelerating due to some form of chronic illness or age. 'Americans with Disabilities Act' states that use of safe patient handling and mobility (SPHM) equipment must be deployed for improving accessibility for disabled patients. Above factors should drive patient handling equipment size in recent years.

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High risk of suffering from injuries and musculoskeletal disorders (MSDs) by the caregivers should impel patient handling business growth in foreseeable future. According to U.S. department of labor, in 2010, nurses and caregivers had highest rates of MSDs. This largely impacts efficiency and work hours due to effects of patient handling. Above factors will augment adoption of patient handling equipment in recent years.

Mechanical and transfer equipment segment will foresee lucrative growth at 12.6% CAGR from 2018 to 2024. High segmental growth is attributable to increasing number of cases associated with disabilities. In addition, these equipment are powered by battery/electricity for patient lifting and rehabilitation along with numerous advantages. Benefits offered by mechanical and transfer equipment will impel customer preference, thereby boosting segmental size.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

- Stryker
- Hill-Rom
- Invacare Corporation
- Prism Medical
- Maquet Getinge Group
- Joerns Healthcare
- Handicare North America Guldmann Inc
- Linet spol. s r.o.
- Joh. Stiegelmeyer GmbH und Co. KG

Mobility assistance segment dominated patient handling equipment with 28.3% market share in 2017. Increasing patient pool requiring mobility assistance and support should lead to rise demand for patient handling equipment such as wheelchairs and walkers. Similarly, excessive body weight hampers mobility of the patient. With accelerating number of bariatric population, mobility assistance segment will witness substantial demand in projected timeframe.

Hospitals segment will grow at a robust pace of 11.3% during the forecast timeframe owing to availability of technologically advanced patient handling equipment such as ICU beds, sling lifts and slide boards. Effective and cost saving safe patient handling programs increases awareness that will assist segmental growth. Implementation of various guidelines and safety laws will stimulate patient handling equipment market growth across hospitals in the forthcoming period.

U.S. patient handling equipment is forecasted to show lucrative growth and accounted for 88.2% of regional size in 2017. Escalating geriatric population, bariatric population and patient pool with chronic ailments should offer momentous market growth. High adoption rate of technologically advanced equipment should further assist U.S. patient handling industry growth in forthcoming period.

UK patient handling equipment was valued at USD 668.5 million in 2017 and will witness considerable growth in recent years. Presence of policies and guidelines to support healthcare workforce for safe patient handling will offer attractive market growth opportunity. No lift policy was adopted in UK in response to large number of severity of MSDs and back-pains. Additionally, growing baby boomers and chronic illnesses across the country should augment UK patient handling equipment growth in upcoming years.

Patient Handling Equipment By Product

1 Wheelchairs and Scooters
2 Medical Beds
3 Bathroom Safety Supplies
4 Mechanical and Transfer Equipment
5 Ambulatory Aids

Patient Handling Equipment By Application

1 Acute and Critical Care
2 Long Term Care
3 Mobility Assistance
4 Fall Prevention

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Chapter 1. Methodology

1.1. Methodology
1.2. Market definitions
1.3. Forecast parameters
1.4. Data sources
1.4.1. Secondary Paid sources Unpaid sources
1.4.2. Primary

Chapter 2. Executive Summary

2.1. Patient handling industry 3600 synopsis, 2013 – 2024 (USD Million)
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Application trends
2.1.4. End-use tends
2.1.5. Regional trends

Chapter 3. Patient Handling Equipment Industry Insights

3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry impact forces
3.3.1. Growth drivers Escalating incidence of disabilities Rising geriatric population Risk of injuries to caregivers during manual handling of patients Implementation of regulations ensuring safety of healthcare personnel against manual lifting of patients
3.3.2. Industry pitfalls & challenges Insufficient training provided to caregivers to operate patient handling equipment Difficulties in manual handling of bariatric patients

Chapter 7. Patient Handling Equipment Market, By Region

7.2. North America
7.2.1. Market size, by country, 2013 – 2024 (USD Million)
7.2.2. Market size, by product, 2013 – 2024 (USD Million)
7.2.3. Market size, by application, 2013 – 2024 (USD Million)

7.3. Europe

7.3.1. Market size, by country, 2013 – 2024 (USD Million)
7.3.2. Market size, by product, 2013 – 2024 (USD Million)
7.3.3. Market size, by application, 2013 – 2024 (USD Million)

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Data Tables

TABLE 1. Patient handling equipment industry 3600 synopsis, 2013 – 2024
TABLE 2. Patient handling equipment market, 2013-2017 (USD Million)
TABLE 3. Patient handling equipment market, 2018-2024 (USD Million)
TABLE 4. Patient handling equipment market, by product, 2013-2017 (USD Million)
TABLE 5. Patient handling equipment market, by product, 2018-2024 (USD Million)
TABLE 6. Patient handling equipment market, by application, 2013-2017 (USD Million)
TABLE 7. Patient handling equipment market, by application, 2018-2024 (USD Million)
TABLE 8. Patient handling equipment market, by end-use, 2013-2017 (USD Million)
TABLE 9. Patient handling equipment market, by end-use, 2018-2024 (USD Million)
TABLE 10. Patient handling equipment market, by region, 2013-2017 (USD Million)