Patient Handling Equipment Market

Patient Handling Equipment Market Overview

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.

• The growth of the sales of patient handling equipment is substantiated by the following factors:
• The rise in the aging population
• Technical developments aimed at enhancing ergonomics and convenience
• The implementation of safety rules and the increased focus on manual handling laws by government organizations
• A growing number of elderly patients have been admitted to hospitals due to the higher incidence of chronic and other diseases
• The rising number of patients who are disabled

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.

Trends in the Patient Handling Equipment Market

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.

What Are The Factors Responsible For The Growth Of The Patient Handling Equipment Market?

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.

Sabyasachi Ghosh

Principal Consultant

Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Talk to Analyst

Which Region Shows Strong Growth Potential In The Patient Handling Equipment Market?

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.

Who Are The Key Market Players In The Patient Handling Equipment Market?

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.

Scope Of Report

Key Segments Covered In The Patient Handling Equipment Survey

By Product Type:

• Wheelchairs and Scooters
• Medical Beds
• Mechanical Lifting & Transfer Equipment
• Ambulatory Aid Devices
• Bathroom Safety Supplies
• Others.

By Type of Care:

• Bariatric Care
• Fall Prevention
• Critical Care
• Wound Care
• Others

By Accessories:

• Stretcher accessories
• Hospital Bed Accessories
• Lifting accessories
• Transfer accessories
• Evacuation accessories

End User:

• Hospitals
• Home Care Settings
• Elderly Care Facilities
• Orthopaedic Care
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East & Africa