Awareness about mobility aids is constantly increasing and several government organizations are known to offer subsidies, grants, and funding, while various public and private insurance players are provide insurance coverage. Increase in reimbursement for mobility and assistive devices by both private and government insurance players are likely to provide growth opportunities in the patient handling equipment market.
Albany, NY -- (SBWIRE) -- 07/25/2016 -- This report analyzes the current and future prospects of the patient handling equipment market across the globe during the forecast period from 2016 to 2024.The research is a robust combination of primary and secondary research. Primary research formed the bulk of our research efforts with information collected from telephonic interviews and interactions via e-mails. Secondary research involved study of company websites, annual reports, press releases, stock analysis presentations, and various international and national databases. The report provides market size in terms of US$ Mn, volume (No. of Units), and compound annual growth rate (CAGR %) for each product segment during the forecast period from 2016 to 2024, considering 2014 and 2015 as base years.
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The report also includes market size in terms of US$ Mn for end user and geography segment considering the macro and micro environmental factors. Growth rates for each segment within the global patient handling equipment market have been determined after a thorough analysis of past trends, demographics, future trends, technological developments, and regulatory requirements. The market report comprises an elaborate executive summary, which includes a market snapshot that provides information about various segments and sub-segments of the market. It also provides information and data analysis of the global patient handling equipment market with respect to market segments based on the product type, end user type and geographic analysis. Based on product type, the global patient handling equipment market has been segmented into lifting slings, wheelchairs, lifting slings, wheelchairs, medical beds, ambulatory aids, shower, bath and toileting equipment, and others (patient lifts, transfer assists, lateral and repositioning devices, patient turners, leg lifters, transfer poles etc.).
Based on end users, the global patient handling equipment market has been segmented into hospital, nursing home, assisted living facility, home healthcare and others (trauma center, rehabilitation and paramedical service center). Market size estimations involved in-depth study of product features of different types of patient handling equipment. Additionally, market related factors such as increasing preference for technologically advanced equipment's, product innovation and growing number of acute and chronic patients with neuromuscular diseases and degenerative disorders in various geographies and historical year-on-year growth have been taken into consideration while estimating the market size.
Furthermore, based on geography, the market has been analyzed into major regions, namely, North America, Europe, Asia-Pacific, and Rest of the World (RoW). The market size and forecast for each of these regions has been provided for the period from 2014 to 2024, along with their respective CAGRs for the forecast period from 2016 to 2024, considering 2014 and 2015 as base years. The report also provides with market size and forecast for select countries in the respective regions, namely, the U.S., Canada, U.K., Germany, Japan, India, Latin America, and Middle East & Africa. A detailed qualitative analysis of factors responsible for driving and restraining the market growth and future opportunities has been provided in the market overview section. This section of the report also provides with market attractiveness analysis, providing a thorough analysis of the overall competitive scenario in the global patient handling equipment market.
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A list of recommendations has been provided for new entrants as well as existing market players to assist them in taking strategic initiatives to establish a strong presence in the market. The report also profiles major players in the market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments. The global patient handling equipment market is highly fragmented marked by the presence of global companies as well as local manufacturers operating in this space. Some of the key players in the global patient handling market include.
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