Patient Handling Equipment Market: Current Analysis and Forecast (2021-2027)
June 2022
203
About the Report
About the Report
Patient handling is a task that provides mobility to the patients who lost control over the body and helps patients in activities like standing, sitting, walking, and others. Traditionally, this task was performed manually. However, after the introduction of modern patient handling equipment, a significant shift is observed towards them.
With the rapid advancement in technology and the increasing number of hospitalization cases, the surging number of surgical cases has increased pressure on the hospitals and the medical staff for proper handling of patients. The manual handling of the patients is responsible for the increasing number of injuries among medical staff. In 2019, U.S. hospitals recorded 221,400 work-related injuries and illnesses, a rate of 5.5% work-related injuries and illnesses for every 100 full-time employees. Furthermore, the increasing concerns about patient safety significantly contribute to the market growth of the patient handling equipment market. Additionally, the growth of orthopedic rehabilitation centers induces the demand for patient-handling devices which are useful in the training.
Thus, the global patient handling equipment market is projected to expand significantly with a CAGR of ~6% from 2021 to 2027.
Based on product type, the market is segmented into wheelchairs and scooters, medical beds, mechanical and nonmechanical equipment, ambulatory aids, and others. In 2020, the wheelchairs & scooter segment has a significant share of the patient handling equipment market due to the increasing number of patients in the hospitals and the surging geriatric population that requires proper treatment resulting in an increasing market size for the patient handling equipment. As per CDC, 17 % of Americans older than 65 years are hospitalized at least once during the year.
Based on End-users, the market is segmented into hospitals, home-care settings, and others. The hospital segment is expected to witness significant market growth during the forecast period. The segmental growth is due to the increasing number of medical injuries, the surging geriatric population, and an increasing number of orthopedic cases. Globally, a 33.4% increase in new fracture cases was reported in 2019 which accounted for 133.08 million cases in 2018 and reached 178 million cases in 2019.
For a better understanding of the market adoption of the patient handling equipment, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. APAC is expected to witness significant growth during the forecast period due to the increasing geriatric population and improving healthcare infrastructure in the region. For instance, as per the United Nations, In 2016, approximately 12.4 percent of the population in the region was 60 years or older and it is projected to increase to more than 1.3 billion people by 2050.
Some of the major players operating in the market are Arjo, Hill-Rom Holdings Inc., Invacare Corporation, Stryker, Drive divibliss healthcare, Inc., ETAC AB, GF Health Products, Inc., Guldmann Inc., Handicare group AB, Joerns Healthcare LLC, among others. Several M&A's along with partnerships have been undertaken by these players to develop new and advanced patient handling equipment market.
Products
Companies
Arjo, Hill-Rom Holdings Inc., Invacare Corporation, Stryker, Drive divibliss healthcare, Inc., ETAC AB, GF Health Products, Inc., Guldmann Inc., Handicare group AB, Joerns Healthcare LLC
Table of Contents
Table of Contents
1 MARKET INTRODUCTION
1.1. Market Definitions
1.2. Limitation
1.3. Stakeholders
1.4. Currency used in Report
2 RESEARCH METHODOLOGY OR ASSUMPTION
2.1. Research Process of the Patient Handling Equipment Market
2.2. Research Methodology of the Patient Handling Equipment Market
2.3. Forecasting Method
2.4. Respondent Profile
2.5. Main Objective of the Patient Handling Equipment Market Study
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 IMPACT OF COVID-19 ON THE PATIENT HANDLING EQUIPMENT MARKET
6 PATIENT HANDLING EQUIPMENT MARKET REVENUE (USD BN), 2019-2027F
7 MARKET INSIGHTS BY PRODUCT TYPE
7.1. Wheelchairs and scooters
7.2. Medical beds
7.3. Mechanical and Nonmechanical equipment
7.4. Ambulatory aids
7.5. Others
8 MARKET INSIGHTS BY END-USERS
8.1. Hospitals
8.2. Home-care settings
8.3. Others
9 MARKET INSIGHTS BY REGION
9.1. North America Patient Handling Equipment Market
9.1.1. U.S.
9.1.2. Canada
9.1.3. Rest of North America
9.2. Europe Patient Handling Equipment Market
9.2.1. Germany
9.2.2. U.K.
9.2.3. France
9.2.4. Italy
9.2.5. Spain
9.2.6. Rest of Europe
9.3. Asia-Pacific Patient Handling Equipment Market
9.3.1. China
9.3.2. Japan
9.3.3. India
9.3.4. South Korea
9.3.5. Rest of Asia-Pacific
9.4. Rest of World Patient Handling Equipment Market
10 PATIENT HANDLING EQUIPMENT MARKET DYNAMICS
10.1. Market Drivers
10.2. Market Challenges
10.3. Impact Analysis
11 PATIENT HANDLING EQUIPMENT MARKET OPPORTUNITIES
12 PATIENT HANDLING EQUIPMENT MARKET TRENDS
13 POLICY AND REGULATORY LANDSCAPE
14 DEMAND AND SUPPLY-SIDE ANALYSIS
14.1. Demand Side Analysis
14.2. Supply Side Analysis
15 COMPETITIVE SCENARIO
15.1. Competitive Landscape
15.1.1. Porter's Five Forces Analysis
16 COMPANY PROFILED
16.1. Arjo
16.2. Hill-Rom Holdings Inc.
16.3. Invacare Corporation
16.4. Stryker Corporation
16.5. Drive divibliss healthcare Inc.
16.6. ETAC AB
16.7. GF Health Products Inc.
16.8. Guldmann Inc.
16.9. Handicare group AB
16.10. Joerns Healthcare LLC
17 DISCLAIMER
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