There are steadily more people in their 60s and older because life expectancy has increased over time. According to the United Nations Database on World Population Ageing 2020, there will be 1.5 billion elderly people worldwide by 2050, up from 727 million in 2020. Elderly people are more likely to sustain fall-related injuries, which can lead to a range of functional restrictions and a dependence on mobility aids. As a result, it is anticipated that the global geriatric population would grow dramatically, driving up the demand for patient handling equipment.
According to Data Bridge Market Research the Patient Handling Equipment Market accounted for USD 12.4 billion in 2021, and expected to reach USD 31.03 billion by 2029. The market is expected to grow with a CAGR of 12.15% in the forecast period of 2022 to 2029.
“Increasing Incidences of Disabilities Will Aid Growth”
Patient handling equipment is spreading more widely as the global number of people with disabilities grows. In 2019, the World Health Organization estimates that 15% of the global population is disabled, with 2% to 4% of that population experiencing functioning issues. The fast development of chronic illnesses is contributing to an increase in the population of handicapped people. Patient handling equipment is necessary for disabled people to complete their daily responsibilities. Due to an increase in the prevalence of disabilities, the market for patient handling equipment is anticipated to expand rapidly.
What restraints the growth of Patient Handling Equipment Market?
“Risks Associated with Patient Handling Equipment Are Expected to Hamper the Market's Growth”
Effective training programs are required to increase awareness of safe patient handling and teach carers how to use transfer devices correctly. A limited number of training sessions are being offered to carers due to hospitals throughout many developed and developing nations adopting cost-cutting measures. This is because most healthcare facilities cannot afford the necessary patient handling equipment due to the high initial equipment cost and upkeep including training costs.
Segmentation: Patient Handling Equipment Market
The patient handling equipment market is segmented on the basis of mode, product type, care, accessories, application and end user.
- On the basis of mode, the market is segmented into non mechanical equipment and medical.
- On the basis of product type, the market is segmented into mobility aid, medical beds, patient repositioning equipment, ambulatory aids and bathroom safety.
- On the basis of type of care, the market is segmented into bariatric care, acute and critical care, wound care, long term care, fall prevention and others.
- On the basis of accessories, the market is segmented into lifting accessories, transfer accessories, medical bed accessories, stretcher accessories, hospital bed accessories and others.
- On the basis of application, the market is segmented into acute and critical care, long-term care, mobility assistance, fall prevention and others.
- On the basis of end user, the market is bifurcated into home care settings, elderly care settings, hospital and others.
Regional Insights: North America is expected to dominate the Patient Handling Equipment Market
North America is expected to dominate the market because this area has a sophisticated and well-established healthcare system. Additionally, the rising frequency of chronic disorders in this region will boost the market's growth pace.
In addition, the Asia-Pacific region is likely to register highest growth rate during the forecast period of 2022 to 2029 due to the increased rates of carer injuries brought on by MSDs and the rising geriatric population in this area.
To know more about the study visit, https://www.databridgemarketresearch.com/ar/reports/global-patient-handling-equipment-market
Recent Developments in Women's Health Market
- In 2020, Invacare announced the release of the AVIVA FX power wheelchair. Best-in-class design, technology, and performance are promised by the AVIVA brand, which has a distinctive appearance and feel. Current front-wheel drive users will have access to a high-performance chair that represents a major improvement in front-wheel drive power mobility with the AVIVA FX Power Wheelchair.
The Prominent Key Players Operating in the Patient Handling Equipment Market Include:
- OpeMed (United Care) Ltd. (U.K.)
- VENDLET (Denmark)
- V. Guldmann A/S (Denmark)
- DJO LLC (U.S.)
- Hill-Rom Services Inc (U.S.)
- Getinge AB (Sweden)
- Invacare Corporation (U.S.)
- Permobil (Sweden)
- Joerns Healthcare LLC (U.S.)
- Handicare Group AB (Sweden)
- Stiegelmeyer GmbH & Co. KG (Germany)
- Stryker (U.S.)
- Sunrise Medical (U.K.)
- LINET (Czechia)
- Arjo (Sweden)
- Mangar Health (U.K.)
- benmormedical (U.K.)
- PARAMOUNT BED CO., LTD. (Japan)
- Medline Industries, Inc. (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of Patient handling equipment market companies contact, https://www.databridgemarketresearch.com/ar/contact
Research Methodology: Global Patient Handling Equipment Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
