USD 9.71 billion
Global Patient Handling Equipment Market Size, Share, Growth Analysis, By Type(Repositioning aids, hoists), By Application(Acute care, mobility support) - Industry Forecast 2024-2031
Report ID:
SQMIG35A2357 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
65 |
Figures:
75
Global Patient Handling Equipment Market Insights
Patient Handling Equipment Market size was valued at USD 9.71 billion in 2021 and is poised to grow from USD 10.3 billion in 2022 to USD 16.54 billion by 2030, at a CAGR of 6.1% during the forecast period (2023-2030).
The global patient handling equipment market is a rapidly growing industry that encompasses a wide range of products and services designed to assist healthcare professionals in safely transferring, mobilizing, and caring for patients with mobility limitations or medical conditions. The market is driven by factors such as the increasing geriatric population, rising prevalence of chronic diseases, and growing awareness about patient safety and comfort. Patient handling equipment includes devices such as patient lifts, slings, stretchers, transfer aids, hospital beds, and mobility aids. These innovative solutions aim to reduce the risk of injuries to both patients and caregivers, enhance patient comfort, and improve overall healthcare outcomes. The market is witnessing significant technological advancements, with the integration of smart features, ergonomic designs, and motorized systems to streamline patient handling processes. Additionally, the adoption of electric and hydraulic equipment is gaining traction due to their ease of use and efficiency. North America has traditionally dominated the market due to advanced healthcare infrastructure, favorable reimbursement policies, and high awareness levels. However, the Asia-Pacific region is expected to witness substantial growth due to the increasing healthcare expenditure, expanding geriatric population, and rising healthcare awareness. Key market players are focused on product innovation, strategic collaborations, and mergers and acquisitions to strengthen their market presence and gain a competitive edge. Overall, the global patient handling equipment market is poised for significant growth as healthcare facilities and caregivers continue to prioritize patient safety, comfort, and efficient handling practices.
US Patient Handling Equipment Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Beds
Fastest Growth
Beds
Growth Rate
6.1% CAGR
Global Patient Handling Equipment Market ($ Bn)
Country Share for North America Region (%)
Global Patient Handling Equipment Market By Type ($ Bn)
Global Patient Handling Equipment Market By Type (%)
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Global Patient Handling Equipment Market Segmental Analysis
Global Patient Handling Equipment Market is segmented on the basis of type, application, and region. Based on type, the market can be segmented into Repositioning aids, hoists, mechanical lifting, beds, stretchers and others. Based on application, the market is segmented into Acute care, mobility support, fall prevention and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Patient Handling Equipment Market Analysis By Type
Among the various types of patient handling equipment, beds emerge as the dominant segment in the global market. Beds play a crucial role in patient care, providing comfort, support, and facilitating easy movement and positioning. They are equipped with advanced features such as adjustable height, electronic controls, and pressure redistribution surfaces to enhance patient comfort and reduce the risk of pressure ulcers. Beds also offer features like trendelenburg positions, lateral rotation, and integrated scales, further contributing to their prominence in the market. With the increasing demand for advanced patient care and the rising number of hospital admissions, the bed segment holds a significant share in the global patient handling equipment market.
The fastest-growing segment in the global patient handling equipment market is mechanical lifting devices. Mechanical lifting devices, such as patient lifts, are witnessing a surge in demand due to their ability to facilitate safe and efficient patient transfers and mobility. These devices are designed to minimize the risk of injury to both patients and caregivers during transfers and are particularly beneficial for individuals with limited mobility or those who require assistance for daily activities. The growing emphasis on patient safety, the rising prevalence of chronic diseases, and the increasing adoption of advanced lifting solutions in healthcare settings are driving the rapid growth of the mechanical lifting devices segment. These devices offer advantages such as ease of use, improved ergonomics, and reduced physical strain on caregivers, thereby contributing to their popularity and strong market growth.
Patient Handling Equipment Market Analysis By Application
The dominant segment in the global patient handling equipment market based on application is acute care. Acute care facilities, such as hospitals and emergency departments, require a comprehensive range of patient handling equipment to manage critically ill patients, perform medical procedures, and ensure efficient patient flow. Patient handling equipment in acute care settings includes specialized beds, patient lifts, transfer aids, and stretchers that enable healthcare professionals to safely and effectively handle patients with complex medical needs. The demand for patient handling equipment in acute care is driven by factors such as the increasing number of hospital admissions, the growing prevalence of chronic diseases, and the need for improved patient outcomes and safety.
The fastest-growing segment in the global patient handling equipment market based on application is fall prevention. Fall prevention is a critical concern in healthcare settings, especially among elderly and mobility-impaired patients. Patient handling equipment plays a vital role in reducing the risk of falls and fall-related injuries. The segment encompasses a range of devices such as bed alarms, gait belts, patient positioning aids, and mobility aids with fall prevention features. Factors driving the growth of the fall prevention segment include the rising geriatric population, the increasing awareness about patient safety, and the implementation of fall prevention programs in healthcare facilities. These initiatives aim to minimize fall-related injuries, enhance patient care, and reduce healthcare costs associated with fall incidents. The growing focus on preventive measures and the development of innovative fall prevention technologies contribute to the rapid expansion of this segment in the patient handling equipment market.
Global Patient Handling Equipment Market By Type, 2023 (%)
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Global Patient Handling Equipment Market Regional Insights
The dominant region in the global patient handling equipment market is North America. North America holds a significant share in the market due to factors such as advanced healthcare infrastructure, high healthcare expenditure, and strong awareness about patient safety and quality of care. The region has a well-established market for patient handling equipment, with a wide range of products and services readily available. Additionally, favorable reimbursement policies and government initiatives to improve healthcare facilities further contribute to North America's dominance in the market.
The fastest-growing region in the global patient handling equipment market is Asia Pacific. The Asia Pacific region is witnessing robust growth due to the increasing healthcare expenditure, expanding geriatric population, and rising awareness about patient handling equipment. Countries like China, India, and Japan are witnessing significant market growth as they invest in improving healthcare infrastructure and expanding access to quality healthcare services. Additionally, the rising prevalence of chronic diseases and the need for efficient patient handling solutions in hospitals and long-term care facilities are driving the demand for patient handling equipment in the region. With the growing focus on patient safety and improving healthcare outcomes, the Asia Pacific region is experiencing rapid growth in the patient handling equipment market.
Global Patient Handling Equipment Market By Geography, 2024-2031
- Largest
- Fastest
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Global Patient Handling Equipment Market Dynamics
Patient Handling Equipment Market Drivers
Increasing geriatric population
- One key driver of the global patient handling equipment market is the increasing geriatric population. The world's population is aging at a rapid pace, leading to a higher prevalence of age-related conditions and mobility limitations. Elderly individuals often require assistance and specialized equipment for safe and efficient patient handling. The growing geriatric population drives the demand for patient handling equipment, including lifts, slings, and mobility aids, to ensure their proper care and mobility.
Patient Handling Equipment Market Restraints
High cost of these devices and equipment
- One key restraint of the global patient handling equipment market is the high cost of these devices and equipment. Patient handling equipment often involves advanced technology, ergonomic designs, and safety features, which contribute to their higher prices. Additionally, maintenance costs and the need for staff training and education can further increase the overall expenses associated with patient handling equipment. The high costs can limit the affordability and accessibility of these devices, particularly in regions with limited healthcare budgets or inadequate reimbursement policies. This can pose a challenge to the widespread adoption of patient handling equipment and hinder market growth.
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Global Patient Handling Equipment Market Competitive Landscape
The competitive landscape of the global patient handling equipment market is characterized by intense competition among a diverse range of players, including manufacturers, suppliers, and service providers. The market is highly fragmented, with numerous regional and international players vying for market share. Key competitive strategies employed by these players include product innovation, strategic partnerships, mergers and acquisitions, and geographic expansion. Manufacturers are focused on developing technologically advanced and ergonomically designed equipment to enhance patient safety and comfort. Additionally, companies are investing in research and development activities to introduce novel solutions and gain a competitive edge. Collaboration with healthcare facilities and government organizations is also common to ensure the availability and customization of patient handling equipment based on specific requirements. Overall, the competitive landscape is dynamic and driven by the continuous pursuit of innovation and improving patient care outcomes.
Patient Handling Equipment Market Top Player’s Company Profiles
- Stiegelmeyer & Co. GmBH (Germany)
- Hill-Rom Holdings Inc. (US)
- Linet Spol. S.R.O. (Czech Republic)
- Arjo (Sweden)
- Guldmann Inc. (Denmark)
- Stryker Corporation (US)
- Joerns Healthcare (US)
- Handicare Group AB (Sweden)
- HoverTech International (US)
- Drive DeVilbiss Healthcare (US)
- Etac AB (Sweden)
- Mangar Health (UK)
- Sunrise Medical LLC (US)
- Antano Group (Italy)
- Joerns Healthcare Ltd. (UK)
- Hoyer Global Group (US)
- Paramount Bed Holdings Co., Ltd. (Japan)
Patient Handling Equipment Market Recent Developments
- In September 2022, Handicare expanded its product portfolio by including the Garaventa Lift range of wheelchair platform lifts. Additionally, they introduced new and improved products, such as the 4000 curved stairlifts.
- In May 2022, Invacare introduced the Birdie Evo XPLUS, an innovative patient lift solution designed for post-acute care settings. The Birdie Evo XPLUS features a sleek and modern design and incorporates advanced technology to enhance comfort and security during patient lifting and transfers.
- In March 2022, Stryker launched the Multi-Position MATS Mobile Air Transfer System, which prevents patients from sliding during tilt procedures and provides protection to nurses during lateral transfers before and after surgical procedures.
- In May 2021, Hill-Rom participated in a fire-side chat during the UBS Global Healthcare Virtual Conference to provide support and showcase their healthcare business.
Global Patient Handling Equipment Key Market Trends
- Increasing adoption of advanced technology and innovative features in patient handling devices: One key market trend in the global patient handling equipment market is the increasing adoption of advanced technology and innovative features in patient handling devices. Manufacturers are focusing on incorporating technologies such as motorized systems, smart sensors, and electronic controls into their equipment. These advancements aim to improve the ease of use, efficiency, and safety of patient handling processes. Additionally, features like adjustable height, trendelenburg positions, integrated scales, and pressure redistribution surfaces are being integrated into beds and other equipment to enhance patient comfort and prevent complications. The growing emphasis on technological advancements in patient handling equipment reflects the industry's commitment to delivering advanced solutions that meet the evolving needs of healthcare providers and improve patient outcomes.
Global Patient Handling Equipment Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Patient Handling Equipment Market analysis, the global patient handling equipment market is experiencing significant growth due to various factors such as the increasing geriatric population, rising prevalence of chronic diseases, and growing awareness about patient safety and comfort. The market encompasses a wide range of products and services designed to assist healthcare professionals in safely transferring and caring for patients with mobility limitations. Key segments in the market include different types of equipment, applications, and regions. The market is characterized by intense competition and features numerous players competing for market share through strategies like product innovation and partnerships. Advanced technology integration and innovative features are key market trends, aiming to enhance patient handling processes and improve outcomes. However, the high cost of equipment remains a restraint, limiting affordability and accessibility. Overall, the market is driven by the growing demand for improved patient care, safety, and efficient handling practices.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 9.71 billion |
| Market size value in 2031 | USD 16.54 billion |
| Growth Rate | 6.1% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Patient Handling Equipment Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Patient Handling Equipment Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Patient Handling Equipment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Patient Handling Equipment Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Patient Handling Equipment Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Patient Handling Equipment Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Patient Handling Equipment Market Report Snapshots
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