The global patient handling equipment market is projected to reach USD 14.0 billion by 2027 from USD 10.4 billion in 2022, at a CAGR of 6.2%
The global patient handling equipment market is estimated to reach USD 14.0 billion by 2027 from USD 10.4 billion in 2022, at a CAGR of 6.2% during the forecast period. The growth of this market is highly fueled by factors such as the increasing number of geriatric and obese populations, rising number of patient admissions in hospitals, high risk of injuries to caregivers during the manual handling of patients, and the implementation of regulations and guidelines in ensuring the safety of healthcare worker during the manual lifting process. However, inefficient training provided to caregivers for the proper care of patient handling equipment is a major factor hindering the growth of market.
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In this report, the patient handling equipment market is segmented on the basis of type, end user, and region. By type, patient transfer devices accounted for the largest share. The largest share of this segment can highly be attributed to the rising number of hospital beds, ceiling lifts and the increasing adoption of patient lifts for handling bariatric patient.
By end user, the patient handling equipment market is segmented into home-care settings hospitals, & and other end users. In 2021, the hospitals segment accounted for the largest share of the patient handling equipment market. Largest share is attributed due to the increasing number of patient population, growing geriatric population, rising number of disabled people, and the increasing number of accidents occurs during the patient handling process.
In 2021, Europe accounted for the largest share of the global patient handling equipment market. The large share of this regional segment is due to the increasing number of government and non-government initiatives and programms regarding the adoption of safe and proper patient handling equipment and the presence of broad range of patient handling equipment manufacturers in Europe. The Asia Pacific patient handling equipment market is expected to grow at the highest CAGR during the forecast period of 2022-2027. The rising number of healthcare facilities in Asian countries is attributed to the market growth in Asia Pacific.
The key players operating in the patient handling equipment market include include Arjo (Sweden), Baxter International Inc. (US), Savaria (Canada), Invacare Corporation (US), Stryker (US), Drive DeVilbiss Healthcare (US), Etac AB (Sweden), GF Health Products, Inc. (US), V. Guldmann A/S (Denmark), Joerns Healthcare LLC (US), Medline Industries, Inc. (US), Prism Medical UK Ltd. (UK), LINET (Czech Republic), Stiegelmeyer GmbH & Co. KG (Germany), Benmor Medical (UK), Malvetio Spa (Italy), EZ Way, Inc. (US), Ossenberg GmbH (Germany), Antano Group (Italy), Winncare (UK), Getinge AB (Sweden).
Recent Developments
In September 2022, Handicare offers an expanded portfolio, including the Garaventa Lift range of wheelchair platform lifts, as well as new and improved products, such as the 4000 curved stairlifts.
In May 2022, Invacare launched Birdie Evo XPLUS, an innovative patient lift solution for post-acute care settings. With its sleek and modern design, it provides innovative technology that helps maximize comfort and security when lifting or transferring a patient to or from a bed, chair or floor.
In March 2022, Stryker launched the Multi-Position MATS Mobile Air Transfer System, that prevents patients from sliding during tilt procedures and protect nurses during pre- and post-surgical lateral transfers.
In May 2021, Hill-Rom participated in the fire-side chat in the UBS Global Healthcare Virtual Conference to support its healthcare business.
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