This report aims to provide detailed insights into the global safe patient handling equipment market. It provides valuable information on the type, procedure, application, and region in the market. Furthermore, the information for these segments, by region, is also presented in this report. Leading players in the market are profiled to study their product offerings and understand the strategies undertaken by them to be competitive in this market.
Expected Revenue Growth:
The Patient Handling Devices Market is projected to reach USD 12.6 billion by 2024 from USD 8.9 billion in 2019, at a CAGR of 7.2% during the forecast period.
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Key Factors Driving Market Growth:
The growth of patient handling devices market is largely driven by the rising geriatric population, high risk of injuries to caregivers during the manual handling of patients, and the implementation of regulations ensuring the safety of healthcare personnel during manual lifting processes. On the other hand, the persistent difficulties in handling bariatric patients are expected to limit market growth to a certain extent.
The wheelchairs mobility scooters segment is expected to account for the largest share of the mobility devices market in 2019
Based on type, the mobility devices market is segmented into wheelchairs mobility scooters and ambulatory aids. The wheelchairs mobility scooters segment is expected to account for the largest share of the mobility devices market. The increasing geriatric, obese, and disabled population is the key factor contributing to the growth of this market. This includes patients suffering from chronic and degenerative diseases such as heart diseases, cancer, and diabetes, all of which result in old-age disability. Similarly, being obese increases the likelihood of a person suffering from related co-morbidities that make it difficult to perform day-to-day tasks without assistance.
Hospitals are the largest end users of patient handling equipment
Based on end user, the patient handling equipment market is segmented into hospitals, home care settings, and other end users (elderly care facilities, emergency medical services, long-term acute care centers, trauma centers, and nursing homes). The hospitals segment is expected to account for the largest share of patient handling devices market in 2019. The large share of this segment is primarily attributed to the growing patient population, rising geriatric population, growing number of disabled people, increasing number of injuries caused during the patient handling process, and the increasing preference for patient handling equipment over manual handling in hospitals.
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