Patient Handling Equipment Market projected to Reach USD 13.5 Billion by 2026
According to the report, The global Patient Handling Equipment market in 2019 was approximately USD 8.86 Billion. The market is expected to grow above a CAGR of 11% and is anticipated to reach over USD 13.5 Billion by 2026.
Patient handling equipment allows to move, transfer, or assist an individual or part of the body comfortably in medical facilities. While handling the patients this equipment ensures the safety of the doctors or caregivers. Mechanical equipment that is used to physically handle patients on the basis of medical conditions evaluation, generally based on the safety requirements of the caregiver, the medical, and recovery. Additionally, the patient handling equipment helps to improve care quality as well as it helps in maintaining patients’ personal hygiene.
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Patient handling equipment is used for patients needing physical support, as well as for those seeking medical treatment or sickness. Patient handling equipment is generally used in hospitals, home care facilities, elderly care facilities, and rehabilitation centers, among others. The patient handling equipment assures the safety of all physicians when treating patients. Increasing hospital admissions due to upsurge in COVID-19 cases worldwide is a major factor fueling the growth of the target market.
The patient handling equipment market is segmented into type, application, end-user, and region segment. The type segment is segmented into medical beds, wheelchairs and scooters, mechanical lifting & transfer equipment, ambulatory aid devices, bathroom safety supplies, and others. Based on the application segment the target market is divided as acute & critical care, long term care, mobility assistance, fall prevention, and others. Also, based on the end-user segment the target market is segregated into hospitals, home care settings, elderly care facilities, and others.
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Some of the essential players operating in the patient handling equipment market, but not restricted to include Arjo, Drive DeVilbiss Healthcare, Hill-Rom Holdings, Invacare Corporation, Handicare, GF Health Products, Etac, Joerns Healthcare, Medline Industries, Inc., Prism Medical UK, Malvestio, Ossenberg, EZ Way, Inc., LINET, McAuley Medical, Mangar Health, Savaria, Stryker Corporation, AirPal, Inc., Antano Group, Stiegelmeyer, PARAMOUNT BED CO., LTD., Lojer Oy, Guldmann, and SM Scientific Instruments amongst others.
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