At 11.2% CAGR Patient Handling Equipment surge to hit $23 bn by 2024
Sellbyville, DE -- (SBWIRE) -- 02/05/2019 -- The Patient Handling Equipment Market is set to exceed USD 23 billion by 2024; according to a new research report by Global Market Insights.
Increasing incidences of disabled population who need patient handling equipment and rising geriatric population will drive the market over the forecast period. The growing injuries to caregivers due to manual lifting of patients and favorable government legislations supporting use of patient handling equipment will fuel the market growth. Increased implementation of safe patient handling programs that are targeted to reduce the musculoskeletal injuries to the nurses and caregivers are expected to aid in growth of the patient handling equipment market.
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Home care settings will witness fastest growth owing to gradual shift in patient preference of home care settings over hospitals. This is mainly due to lowered healthcare expenditure and decreasing investment in hospital infrastructure. As the elderly population is more prone to problems such as cardiovascular disease, falls, injuries, bone and joint problems, the number of such patients needing medical beds is increasing. Furthermore, the increasing technological innovations in ICU beds is fueling the growth of medical beds market.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
- 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
Increasing number of non-communicable diseases such as stroke, osteoarthritis leading to disabilities is the growth rendering driver for mobility assistance application segment. The growing need of wheelchairs, scooters and walking assisted equipment to cater the needs of disabled people will further enhance the market growth.
U.S. patient handling equipment market will grow at a healthy rate over the forecast period. The cost of back injuries in healthcare industry have been increasing gradually. To combat this cost the U.S. government is promoting the use of patient handling to decrease the cost associated with lost productive days and turnover rate of nurses.
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Patient Handling Equipment By Product
o Wheelchairs and Scooters
o Medical Beds
o Bathroom Safety Supplies
o Mechanical and Transfer Equipment
o Ambulatory Aids
Patient Handling Equipment By Application
o Acute and Critical Care
o Long Term Care
o Mobility Assistance
o Fall Prevention