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Patient Handling Equipment Market: Identify Revenue Shifts, Market Adjacencies And Unknowns That Impact The Market

Dec. 01, 2021 12:46 AM ETArjo AB (publ) (ARRJF), SYK, BAX, SISXF, SIS:CA, IVCRQ, GNGBF
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  • Patient Handling Equipment Market - Industry-Specific Challenges, Opportunities and Trends Affecting the Growth.

This report aims to provide detailed insights into the global safe patient handling equipment market. It provides valuable information on the type, procedure, application, and region in the market. Furthermore, the information for these segments, by region, is also presented in this report. Leading players in the market are profiled to study their product offerings and understand the strategies undertaken by them to be competitive in this market.

The report "Patient Handling Equipment Market by Type (Patient Transfer Devices (Lifts , Sliding Sheets), Medical Beds (Electric, Manual), Mobility Devices (Powered Wheelchairs, Mobility Scooters), End User (Hospitals, Home-care Settings) - Global Forecast to 2027", is projected to reach USD 14.0 billion by 2027 from USD 10.4 billion in 2022, at a CAGR of 6.2% during the forecast period. The growth of this market is primarily fuelled by the growing number of obese and geriatric populations, high risk of injuries to healthcare providers during the manual handling of patients, rising number of patient admissions in hospitals, and the implementation of regulations and guidelines ensuring the safety of healthcare workers during the manual lifting. However, improper training provided to caregivers for the efficient operation of patient handling equipment is a major factor hampering the market growth.

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The key players operating in the patient handling equipment market include include Arjo (Sweden), Baxter International Inc. (US), Savaria (Canada), Invacare Corporation (US), Stryker (US), Drive DeVilbiss Healthcare (US), Etac AB (Sweden), GF Health Products, Inc. (US), V. Guldmann A/S (Denmark), Joerns Healthcare LLC (US), Medline Industries, Inc. (US), Prism Medical UK Ltd. (UK), LINET (Czech Republic), Stiegelmeyer GmbH & Co. KG (Germany), Benmor Medical (UK), Malvetio Spa (Italy), EZ Way, Inc. (US), Ossenberg GmbH (Germany), Antano Group (Italy), Winncare (UK), Getinge AB (Sweden).

Patient transfer devices segment is expected to register the highest CAGR during the forecast period.

By type, the patient handling equipment market is segmented into medical beds, patient transfer devices, mobility devices, bathroom & toilet assist equipment, and stretchers & transport chairs. In 2021, the patient transfer devices is expected to register highest growth during the forecast period. The high share of this segment can primarily considered to the rising installation of ceiling lifts in hospitals and the rising adoption of patient lifts for bariatric patient handling.

Hospital segment accounted for the largest share in the patient handling equipment market in 2021

By end users, the patient handling equipment market is segmented into home care settings, hospitals, and other end users. In 2021, the hospitals segment accounted for the largest share of the patient handling equipment market. Growth can be attributed due to the rising number of patient population, rising number of disabled people, growing number of geriatric populations, and the increasing number of injuries caused during the patient handling.

Europe accounted for the largest share of the patient handling equipment market in 2021.

By region, patient handling equipment market is segmented into North America, Europe, Asia Pacific, Latin America and Middleeast and Africa. In 2021, Europe accounted for the largest share of the global patient handling equipment market. The large share of this market can be attributed due to the presence of large number of patient handling equipment manufacturers in Europe and the increasing number of government and non-government initiatives to adopt safe patient handling equipment. The Asia Pacific patient handling equipment market is expected to grow at the highest CAGR during the forecast period of 2022-2027. The Asia Pacific market growth is attributed to the increasing number of healthcare facilities in Asian countries.

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The Essence of Patient Handling Equipment

Patient handling equipment encompasses a wide range of tools designed to aid healthcare professionals in safely transferring patients. From the elderly to those with disabilities, these devices significantly reduce the risk of injury during movements. Think of patient lifts, transfer slings, slide sheets, and even hospital beds with enhanced mobility features. These innovations have transformed patient care, making it more dignified and secure.

Enhancing Patient Dignity and Comfort

Gone are the days when moving immobile patients was a cumbersome task. Patient handling equipment has not only made the process smoother but has also contributed to enhancing patient dignity and comfort. Imagine the relief a patient feels when they are lifted effortlessly, without the physical strain that traditional methods used to entail. This not only reduces anxiety but also promotes a more positive healing environment.

Safety Above All

The safety of both patients and healthcare providers is paramount. Patient handling equipment is meticulously designed with advanced safety features to prevent accidents and injuries. These innovations mitigate the risks associated with manual lifting and transfers, which can lead to musculoskeletal disorders among caregivers. By prioritizing safety, this market ensures that healthcare professionals can focus solely on providing the best possible care.

Market Dynamics and Trends

The Patient Handling Equipment Market is experiencing a surge in growth, driven by several factors that are shaping its trajectory.

1. Aging Population

The global demographic shift towards an aging population has increased the demand for patient handling equipment. As the elderly often face mobility challenges, the need for safe and efficient transfer solutions has escalated. This trend is expected to continue as the proportion of elderly individuals in the population continues to rise.

2. Technological Advancements

Innovation is the backbone of the healthcare industry, and patient handling equipment is no exception. From smart patient lifts that utilize AI for optimal transfer techniques to ergonomic slings that provide maximum comfort, technology is revolutionizing the way patient handling is approached. These advancements not only streamline the process but also reduce the physical strain on caregivers.

3. Focus on Healthcare Worker Well-being

Healthcare providers are the lifeline of the medical field, and their well-being is now a priority. Patient handling equipment not only benefits the patients but also safeguards the health of caregivers. By reducing the physical toll of lifting and transferring patients, healthcare workers can experience fewer work-related injuries, ultimately leading to a more satisfied workforce.

The Road Ahead

The future of the Patient Handling Equipment Market is promising. As technology continues to advance, we can expect even more sophisticated solutions that cater to the diverse needs of patients and healthcare professionals alike. This market is a testament to how innovation can transform even the seemingly routine aspects of healthcare into something extraordinary.

In conclusion, the Patient Handling Equipment Market is an unsung hero of the healthcare realm. Its impact reverberates through the lives of patients and caregivers, enhancing safety, comfort, and efficiency. As we move forward, let's keep an eye on this dynamic market, for it holds the key to a safer and more dignified patient care journey.

So, the next time you witness a seamless patient transfer, remember that behind it lies a world of innovation and dedication, working tirelessly to make healthcare not only functional but exceptional.

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