Patient Handling Equipment Market by Product (Mobility Devices, Patient Transfer Devices, Mechanical Lifting, Medical Beds, and Others), Mode (Mechanical Equipment and Non-Mechanical Equipment), Application (Acute & Critical Care, Long Term Care, Mobility Assistance, Fall Prevention, and Others), and End User (Hospitals, Ambulatory Surgery Centers, Home Care, and Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00027068 | Pages: 100 | Industry: Medical Device | Date: Oct 2022 | Type: Global

The market crossed the US$ 15.06 billion mark in 2022 and is expected to hit US$ 23.32 billion by 2030, recording a CAGR of 5.50% during the forecast period.  

The patient handling equipment market has been significantly growing with the increasing obese population.

An increase in the obese population is one of the major factors for chronic and other types of severe disorders that might need patient handling equipment during hospitalization. For instance, according to United Nations, more than 1 billion people worldwide are obese, including 650 million adults, 340 million adolescents and 39 million children. Additionally, WHO estimates that by 2025, approximately 167 million people will become less healthy because they are overweight or obese. Thus, with the increasing obesity, the utility of patient transfer device is estimated to increase, and the patient handling equipment market is expected to witness significant growth during the forecast period. Further, other segment such as medical beds is also expected to gain traction during the forecasted year.

Within the report, the patient handling equipment market is segmented into product, mode, application, end user, and geography. By product, the market is further segmented into mobility devices, patient transfer devices, mechanical lifting, medical beds, and others. By mode, the market is bifurcated into mechanical equipment and non-mechanical equipment. By application, the market is segmented into acute & critical care, long-term care, mobility assistance, fall prevention, and others. On the basis of end users, the patient handling equipment market is segmented into hospitals, ambulatory surgery centers, home care, and others. Geographically, the market is sub-segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

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The development of technologically advanced products empowered the growth of the market.

The rise in the development and innovations of new products directly boosts the effective utilization of patient handling equipment. High risk of injuries to caregivers, rising geriatric population, increasing hospitalization rate, and the implementation of regulations ensuring the safety of healthcare personnel are other significant factors leading to an increase in the use of patient handling equipment. Further, with mergers and acquisitions, the patient handling equipment market is expected to grow in the coming years. For instance, in October 2021, Agiliti Inc announced the acquisition of Sizewise Rentals LLC. The acquired company is a manufacturer and distributor of specialty hospital beds, surfaces and patient handling equipment.

The growing number of hospitals and other clinical settings is one of the major factors accelerating market growth.

Hospitals and home care settings are the major users of patient handling equipment due to chronic medical or physical disabilities requiring long treatment. Chronic medical conditions such as cerebral palsy, stroke, dialysis, and Parkinson's disease require patient handling equipment. Additionally, the rehabilitation industry encourages using these equipment in several medical and physical conditions.

Recent strategic developments in the Patient Handling Equipment Market

The patient handling equipment market has undergone several significant developments, and a few of these have been mentioned below:

  • In 2020, Invacare announced the launch of AVIVA RX and AVIVA FX wheelchairs for both indoor and outdoor use.
  • In 2020, Stryker announced the launch of ProCuity Bed Series, the industry's first completely wireless bed that helps reduce patient falls at all acuity levels and connects seamlessly to nurse systems.
  • In February 2020, Guldmann launched a new sling strap with smart loop technology. This product launch broadened the company's product portfolio.

The patient handling equipment market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Arjo; Invacare Corporation; Hill-Rom Holdings Inc.; Stryker; Drive divibliss healthcare, Inc.; ETAC AB; GF Health Products, Inc.; Guldmann, Inc.; Handicare group AB; and Getinge AB are among the prominent players operating in the market.

Target audience for the report:

  • Medical equipment component providers
  • Medical instrument manufacturers
  • Patient handling equipment related service providers
  • Rehabilitaion-associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • End users of patient handling equipments
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Product:
    • Mobility Devices
    • Patient Transfer Devices
    • Mechanical Lifting
    • Medical Beds
    • Others
  • Mode:
    • Mechanical Equipment
    • Non-Mechanical Equipment
  • Application:
    • Acute & Critical Care
    • Long Term Care
    • Mobility Assistance
    • Fall Prevention
    • Others
  • End User
    • Hospitals
    • Ambulatory Surgery Centers
    • Home Care
    • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • Arjo
    • Hill-Rom Holdings Inc.
    • Invacare Corporation
    • Stryker
    • Drive divibliss healthcare, Inc.
    • ETAC AB
    • GF Health Products, Inc.
    • Guldmann,Inc.
    • Handicare group AB
    • Getinge AB

The List of Companies
- Arjo
- Hill-Rom Holdings Inc.
- Invacare Corporation
- Stryker
- Drive divibliss healthcare, Inc.
- ETAC AB
- GF Health Products, Inc.
- Guldmann,Inc.
- Handicare group AB
- Getinge AB

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