Patient Handling Equipment Market Trends and Overview

The market size of Patient Handling Equipment was estimated to be USD 13,241 million in 2022. It is projected to reach USD 18,974.67 million by 2030, with a compound annual growth rate (CAGR) of 4.6% during the forecast period from 2023 to 2030.

Patient Handling Equipment refers to a range of devices and tools used in healthcare settings to assist in the safe and efficient movement of patients. These equipment are crucial in reducing the risk of injuries to both patients and healthcare providers during transfers and mobility.

The steady growth of the Patient Handling Equipment Market can be attributed to several factors. Firstly, the increasing geriatric population worldwide has led to a rise in the number of patients requiring assistance in their daily activities. This has created a demand for advanced patient handling equipment that can ensure their safety and comfort.

Additionally, the growing prevalence of chronic diseases and disabilities has further fueled the need for patient handling equipment. These devices aid in the transfer of patients with limited mobility, allowing them to maintain their independence and quality of life.

Furthermore, the rising awareness regarding the importance of patient safety and the implementation of strict regulations in healthcare facilities have also contributed to the market's growth. Healthcare providers are increasingly investing in patient handling equipment to comply with safety guidelines and prevent workplace injuries.

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Geographically, North America currently dominates the Patient Handling Equipment Market, owing to the presence of well-established healthcare infrastructure and a high adoption rate of advanced medical technologies. However, the Asia-Pacific region is expected to witness significant growth during the forecast period, primarily due to the increasing healthcare expenditure and the rising geriatric population in countries like China and India.

In conclusion, the Patient Handling Equipment Market is poised for substantial growth in the coming years. The demand for these devices is driven by factors such as the aging population, the prevalence of chronic diseases, and the emphasis on patient safety. As healthcare facilities continue to prioritize the well-being of patients and healthcare providers, the market for patient handling equipment.

KEY MARKET SEGMENTATION:

By Type

·         Patient Transfer Devices

o    Patient Lifts

§  Ceiling lifts

§  Steel and wheelchair lifts

§  Mobile lifts

§  Sit-to-stand lifts

§  Bath and pool lifts

o    Slings

o    Air-assisted Lateral Transfer Mattresses

§  Reusable air assisted mattresses

§  Single-patient use air assisted mattresses

o    Sliding sheets

o    Accessories

·         Medical Beds

o    Medical Beds, By Type

§  Electric Beds

§  Manual Beds

§  Semi-electric Beds

o    Medical Beds, By Application

§  Acute Care

§  Long-term Care

§  Rehabilitation

§  Bariatric Care

·         Mobility Devices

o    Wheelchairs and Mobility Scooters

§  Powered Wheelchairs

§  Mobility Scooters

§  Manual Wheelchairs

o    Ambulatory Aids

·         Bathroom and Toilet Assist Equipment

·         Stretchers and Transport Chairs

By End User

·         Hospitals

·         Home-care settings

·         Other End Users

KEY PLAYERS:

The major key players are, Invacare Corporation, Sunrise Medical (US) LLC, Permobil AB, Medline Industries Inc, Yuwell-Jiangsu Yuyue medical equipment & supply Co. Ltd., Ottobock SE & Co KGaA, Pride Mobility Products Corporation, MEYRA GmbH, Hoveround Corporation, MATSUNAGA MANUFACTORY Co. Ltd., Ki Mobility, Etac AB and others.

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