Patient Handling Equipment Market-Overview
The surge in pandemic-induced patient volume is estimated to bolster the patient handling equipment market. The market’s report is efficiently analyzed as per MRFR, which provides outlooks for the global markets.
The patient handling equipment market trends report anticipates the industry to gain USD 9.41 Billion at a CAGR of 8.10% by 2030.
The development of robust products to aid in different setups is estimated to stimulate the patient handling equipment market in the approaching period. The rise in the number of rehabilitation centers and elderly care settings is predicted to motivate the expansion of the patient handling equipment market stake.
Segmental Analysis
The segmental scrutiny of the patient handling equipment market is carried out on the basis of type, product, application, end user and region. The type segment of the patient handling equipment market consists of fall prevention, critical care, wound care and bariatric care. The end-user segment of the patient handling equipment market consists of hospitals and home care settings. The region segment of the patient handling equipment market consists of the Americas, Middle East & Africa, Europe, and the Asia Pacific. The product segment of the patient handling equipment market consists of ambulatory aids, medical beds, wheelchairs & mobility scooters, patient transfer devices, bathroom & toilet assist equipment, stretchers & transport chairs. The application segment of the patient handling equipment market consists of long-term care, mobility assistance, acute & critical care.
Regional Overview
The regional review of the patient handling equipment market consists of the Americas, Middle East & Africa, Europe, and the Asia Pacific. The Americas patient handling equipment market is the largest regional market. The swelling occurrence rate of obesity is anticipated to increase the development of the market throughout the forecast period. The European regional market held the second principal position in the market due to high research and development financing. The Asia Pacific region is the quickest growing regional market for patient handling equipment due to the mounting life expectancy rate. Also, mounting healthcare spending is driving the growth of the patient handling equipment market. Such intensifying expenditure supported by the life expectancy rate is anticipated to boost the call for patient handling devices in the upcoming years. The Middle East & African region is expected to display steady growth due to the high rate of overweightedness. Though, inadequate healthcare infrastructure in the region is foreseeable to hinder the patient handling equipment market growth in the forecast period.
Competitive Analysis
The investment towards cutting-edge technology is anticipated to take a sharp surge with amplified funding accessibility. The market is projected to witness a period of turbulence with the impact of the pandemic on the workforce and the economy as a whole. The collaborative efforts of the market contenders are expected to broaden the horizons for development in the foreseeable future. The measures being undertaken to ensure seamless functioning of the market is estimated to lay off in the long run. The contenders in the market are likely to see aggressive competition in the coming years. The reimagined market structure is predicted to rely on a combination of robust online selling capabilities and a capable supply chain. The formation of strong trade relations among several regions is forecasted to have a beneficial effect on growth. The focus on the client’s needs is estimated to be more important than before as changes in living standards can have a notable bearing on the popularity of certain market trends.
Key Players
The well-known companies holding the patient handling equipment market share are Prism Medical UK (UK), Arjo (Sweden), Ossenberg GmbH (Germany), Hill-Rom Services Inc. (US), Invacare Corporation (US), GF Health Products, Inc. (US), Etac AB (Sweden), Joerns Healthcare LLC (US), Medline Industries, Inc. (US), McAuley Medical, Inc. (US), Handicare (Sweden), EZ Way, Inc. (US), LINET (Czech Republic), Savaria (Canada), Malvestio Spa (Italy), Stryker (US) and Stiegelmeyer GmbH & Co. KG (Germany).
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