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By the end of 2022, the global demand for patient handling equipment was estimated to be worth roughly US$ 13.95 Bn in sales. By 2032, the market is expected to grow at a CAGR of 5.7% to a value of US$ 24.29 billion.
It is anticipated that the expansion of the global patient handling equipment market is expected to be hampered by the unwillingness of caregivers and patients to use patient lifting equipment due to the complexity of its operations and the lack of awareness about patient lifting equipment in emerging nations.
“Rising geriatric population, increasing risks of injury from manual patient handling (MPH) and increasing prevalence of disabilities among individuals will help the global patient handling equipment market to generate great revenue in the forecasted period.”
Patients who are unable to control their body can move around with the use of patient handling devices. In addition to ensuring bed mobility, lateral transfers, and lifting, it assists patients with sitting, standing, and walking.
In addition, it helps to reduce the chance of consequences like deep vein thrombosis chest, infections, skin rips, pressure ulcers, urinary tract infections and falls. As a result, it is used in intensive care units (ICUs), rehabilitation centers, nursing homes and other medical facilities all over the world.
Market Value (2022) |
US$ 13.95 Bn |
Market Value (2032) |
US$ 24.29 Bn |
CAGR |
5.7% |
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Some of the most well-known names in the patient lifting equipment industry are taking advantage of cutting-edge technology like Internet of Things (IoT) sensors to provide new features and improve existing ones.
For instance, in October 2020, Stryker introduced the world's first and only truly wireless hospital bed, the ProCuity. This was developed using cutting-edge technology with a focus on reducing injuries caused by falls, boosting the safety of patient handling, increasing the effectiveness of nursing workflow, and decreasing the expense of healthcare. The ProCuity is distinguished by its wireless design, ergonomic side rails, intelligent patient and bed monitoring systems, motorized zoom drive, and improved patient comfort.
RFID technology is also being adopted by major players in the patient handling equipment market. Tracking patient beds and other hospital equipment is made possible by RFID in patient handling devices. When used for encoding and decoding data on smart labels, Radio Frequency Identification (RFID) makes use of radio waves. It's a part of the field of data capture and recognition technologies (AIDC). The use of RFID in patient tracking aids in upholding hospitals' rigorous standards, relieving nurses of physically taxing jobs, and enhancing their patients' overall care.
With more and more older people getting hurt every year, the market for hospital beds and other patient lifting equipment is booming. Curative care, long-term care, and mental care beds are driving the demand for patient handling equipment. In response to these needs, manufacturers are creating cutting-edge RFID-powered patient handling machinery. Some examples are ceiling lifts with in-built intelligence, chairs that can be converted into transfer devices, and lateral positioning aids. The lives of both patients and caregivers can be improved by these sorts of improvements.
Government organizations' increased emphasis on manual handling guidelines and regulations, together with the adoption of safety guidelines, are predicted to create profitable growth prospects for this industry.
Due to the higher risk of contracting chronic and other diseases, elderly people make up a larger proportion of hospital admissions as well as increasing disability prevalence rates which increases the demand for patient handling equipment. The new technological developments and soaring innovations in the equipment are anticipated to promote this segment's market expansion.
North America holds a larger market share in the infection control market followed by Europe, East Asia, South Asia, and other regions. The lucrative growth in North America is attributed due to the increasing demand for home care equipment, presence of major key player and supports of government for funding for infrastructure and healthcare facility development and rising rate of Musculoskeletal Disorders (MSDs).
The Europe regions are expected to be the rapidly growing regions owing to presence of a large number of healthcare facilities, increasing occurrences of lifestyle disease and demand for better services. Latin America and the Middle East and Africa are estimated to show sustainable growth during the projected period.
Some of the key players operating in the patient handling equipment market are Getinge AB, Stryker Corporation, Paramount Bed Co. Ltd, Invacare Corporation, Hill Rom Services, Guldmann Inc, Stiegelmeyer GmbH & Co. KG, Linet Inc, Joerns Healthcare, HoverTech International, Handicare Group and Benmor Medical Ltd.
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Report Attributes |
Details |
Growth Rate |
CAGR of 5.7% 2022-2032 |
Base Year for Estimation |
2021 |
Historical Data |
2012-2021 |
Forecast Period |
2022-2032 |
Qualitative Units |
Revenue in USD Billion, Volume in Units and CAGR from 2022-2032 |
Report Coverage |
Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
Segment Covered |
|
Region Covered |
|
Key Countries Profiled |
|
Key Players |
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Customization |
Available Upon Request |
The global patient handling equipment market is anticipated to register a CAGR of 5.7% during the forecast period.
The patient handling equipment market is projected to be about US$ 23.4 Bn by the end of year 2032.
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