Patient Handling Equipment Market to reach USD 18.97 billion by 2030

The global patient handling equipment market is witnessing steady growth, driven by aging population and focus on patient safety

AUSTIN, TEXAS, UNITED STATES, April 19, 2024 /EINPresswire.com/ -- According to a report by SNS Insider, the Patient Handling Equipment Market size was estimated to be USD 13,241 million in 2022 and is expected to reach USD 18,974.67 million by 2030, growing at a compound annual growth rate (CAGR) of 4.6% during the forecast period of 2023-2030.

Report Scope:
The report provides a detailed analysis of the patient handling equipment market, covering various aspects such as market dynamics, trends, drivers, restraints, opportunities, and challenges. It also offers insights into the competitive landscape, key players, and recent developments shaping the market.

𝗟𝗶𝘀𝘁 𝗼𝗳 𝗣𝗮𝘁𝗶𝗲𝗻𝘁 𝗛𝗮𝗻𝗱𝗹𝗶𝗻𝗴 𝗘𝗾𝘂𝗶𝗽𝗺𝗲𝗻𝘁 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 𝗣𝗿𝗼𝗳𝗶𝗹𝗲𝗱 𝗶𝗻 𝗥𝗲𝗽𝗼𝗿𝘁:
Invacare Corporation
Sunrise Medical (US) LLC
Permobil AB
Medline Industries Inc
Yuwell-Jiangsu Yuyue medical equipment & supply Co. Ltd.
Ottobock SE & Co KGaA
MATSUNAGA MANUFACTORY Co. Ltd.
Ki Mobility
Etac AB
Pride Mobility Products Corporation
MEYRA GmbH
Hoveround Corporation

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗙𝗿𝗲𝗲 𝗦𝗮𝗺𝗽𝗹𝗲 𝗥𝗲𝗽𝗼𝗿𝘁 𝗼𝗳 𝗣𝗮𝘁𝗶𝗲𝗻𝘁 𝗛𝗮𝗻𝗱𝗹𝗶𝗻𝗴 𝗘𝗾𝘂𝗶𝗽𝗺𝗲𝗻𝘁 𝗠𝗮𝗿𝗸𝗲𝘁 @ https://www.snsinsider.com/sample-request/3371

Market Analysis:
The patient handling equipment market is experiencing significant growth, fueled by factors such as the increasing prevalence of chronic diseases, rising healthcare infrastructure development, and the growing awareness regarding patient safety and comfort. Moreover, technological advancements in patient handling equipment, such as electrically powered lifts, motorized stretchers, and specialized beds, are further driving market growth.

Patient Handling Equipment Industry Segmentation as Follows:

By Type
➤ Patient Transfer Devices
◘Patient Lifts
Ceiling lifts
Steel and wheelchair lifts
Mobile lifts
Sit-to-stand lifts
Bath and pool lifts
◘Slings
◘Air-assisted Lateral Transfer Mattresses
Reusable air assisted mattresses
Single-patient use air assisted mattresses
◘Sliding sheets
◘Accessories

➤ Medical Beds
◘Medical Beds, By Type
Electric Beds
Manual Beds
Semi-electric Beds
◘Medical Beds, By Application
Acute Care
Long-term Care
Rehabilitation
Bariatric Care

➤ Mobility Devices
◘Wheelchairs and Mobility Scooters
Powered Wheelchairs
Mobility Scooters
Manual Wheelchairs
◘Ambulatory Aids

➤ Bathroom and Toilet Assist Equipment
➤ Stretchers and Transport Chairs

By End User
➤Hospitals
➤Home-care settings
➤Other End Users

𝐀𝐬𝐤 𝐘𝐨𝐮𝐫 𝐐𝐮𝐞𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 𝐭𝐡𝐢𝐬 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 @ https://www.snsinsider.com/enquiry/3371

Impact of the Russia-Ukraine Conflict:
The ongoing conflict between Russia and Ukraine has the potential to impact the global economy, including the healthcare sector. Disruptions in the supply chain, volatility in currency exchange rates, and geopolitical uncertainties may affect the production and distribution of patient handling equipment. However, the extent of the impact remains uncertain and will largely depend on the duration and intensity of the conflict.

The Impact of Economic Slowdown:
Economic slowdowns, such as recessions or financial crises, can have adverse effects on the healthcare industry, including the patient handling equipment market. Reduced healthcare budgets, delayed infrastructure projects, and lower consumer spending on healthcare products may restrain market growth during such periods. However, the essential nature of patient handling equipment in healthcare facilities could mitigate the impact to some extent.

Regional Analysis:
North America currently dominates the patient handling equipment market, owing to the presence of a well-established healthcare infrastructure, stringent regulations, and the early adoption of advanced technologies. However, the Asia-Pacific region is expected to witness the highest growth rate during the forecast period, driven by the rapidly aging population, increasing healthcare expenditure, and the growing awareness of patient safety initiatives.

Key Takeaways:
• The patient handling equipment market is expected to reach USD 18,974.67 million by 2030, growing at a CAGR of 4.6%.
• The aging population, the prevalence of chronic diseases, and the focus on patient safety and caregiver protection are driving market growth.
• North America currently leads the market, while the Asia-Pacific region is projected to experience the highest growth.
• These equipment solutions ensure safe and efficient patient handling, reducing the risk of injuries to patients and caregivers.

Recent Developments:
• In April 2023, Arjo introduced its new patient transfer solution, Arjo Sara Flex, designed to provide safe and efficient patient transfers while minimizing caregiver strain.
• In March 2023, Hill-Rom Holdings, Inc. announced the acquisition of EarlySense, a provider of contact-free patient monitoring solutions, expanding its patient handling portfolio.
• In February 2023, Liko AB unveiled its new ceiling lift system, Liko UniTrack, aimed at improving patient mobility and reducing the risk of caregiver injuries.

𝗕𝘂𝘆 𝗣𝗮𝘁𝗶𝗲𝗻𝘁 𝗛𝗮𝗻𝗱𝗹𝗶𝗻𝗴 𝗘𝗾𝘂𝗶𝗽𝗺𝗲𝗻𝘁 𝗠𝗮𝗿𝗸𝗲𝘁 𝗿𝗲𝗽𝗼𝗿𝘁 @ https://www.snsinsider.com/checkout/3371

Table of Content
Chapter 1 Introduction
Chapter 2 Research Methodology
Chapter 3 Patient Handling Equipment Market Dynamics
Chapter 4 Impact Analysis (COVID-19, Ukraine- Russia war, Ongoing Recession on Major Economies)
Chapter 5 Value Chain Analysis
Chapter 6 Porter’s 5 forces model
Chapter 7 PEST Analysis
Chapter 8 Patient Handling Equipment Market Segmentation, By Type
Chapter 9 Patient Handling Equipment Market Segmentation, By End User
Chapter 10 Regional Analysis
Chapter 11 Company profile
Chapter 12 Competitive Landscape
Chapter 13 Use Case and Best Practices
Chapter 14 Conclusion
Continued…

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Akash Anand
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