Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 11.24 Billion | USD 20.46 Billion | 6.88% | 2023 |
The global patient handling device Market size accrued earnings worth approximately USD 11.24 Billion in 2023 and is predicted to gain revenue of about USD 20.46 Billion by 2032, is set to record a CAGR of nearly 6.88% over the period from 2024 to 2032.
The report covers a forecast and an analysis of the patient handling device market on a global and regional level. The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion). The study includes the drivers and restraints of the patient handling device market along with their impact on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the patient handling device market on a global level.
In order to give the users of this report a comprehensive view of the patient handling device market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
Patient handling devices are used in hospitals and homecare for taking care of patients before and after surgery. They are used for handling patients who are not completely alert, due to illness or medication. They are also used for patients who cannot follow directions and need physical assistance due to any critical or severe illness. Patient handling equipment/devices provide ease for patients for moving from one place to another. They are both mechanical and non-mechanical in nature and allow the patients admitted in hospitals and other medical centers to transfer beds and chairs.
The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis.
According to Merck Sharp & Dohme, half the adult population that is hospitalized is aged above 65 years. Increase in the elderly population base combined with a high risk of chronic diseases will drive the patient handling device market in the future. Significant growth of the geriatric population, rise in consumable disposable income, high adoption of technological advancements for patient handling are expected to create new growth opportunities in the patient handling device market. High adoption of technological advancements, increasing product lifecycle, developing healthcare infrastructure, leading companies with advanced technologies and active marketing channels, and the rising number of government initiatives are also driving the patient handling device market. However, the high equipment cost is one of the major factors that may hinder the patient handling device market growth in the future.
The Patient Handling Device Market is witnessing significant growth due to several key factors:
Rising Aging Population: The global increase in the elderly population, who are more prone to mobility issues and chronic conditions, is driving the demand for patient handling devices. These devices are essential for safely moving, transferring, and assisting patients with limited mobility, reducing the risk of injury for both patients and healthcare workers.
Increasing Incidence of Musculoskeletal Disorders (MSDs): Healthcare workers are at high risk of developing musculoskeletal disorders due to the physical strain of manually lifting and moving patients. The growing awareness of the importance of worker safety and the implementation of safety regulations are encouraging healthcare facilities to invest in patient handling devices to minimize these risks.
Technological Advancements: Innovations in patient handling devices, such as the development of more ergonomic and user-friendly equipment, powered lifts, and automated systems, are making it easier and safer to handle patients. These advancements are also increasing the efficiency of healthcare services, contributing to market growth.
Rising Healthcare Expenditure: As healthcare systems worldwide allocate more resources to improve patient care and safety, the demand for high-quality patient handling devices is growing. Investments in advanced medical infrastructure, particularly in hospitals and long-term care facilities, are boosting the adoption of these devices.
Increasing Number of Surgeries: The growing number of surgical procedures, particularly those involving patients with limited mobility, is driving the need for patient handling devices. These devices are crucial for safely positioning and transferring patients before, during, and after surgery, ensuring better patient outcomes and reducing the risk of complications.
Regulatory Support and Guidelines: Government regulations and guidelines aimed at improving patient and worker safety are supporting the adoption of patient handling devices. Policies that encourage the use of safe patient handling practices in healthcare facilities are expected to further drive market growth.
Overall, the Patient Handling Device Market is poised for continued expansion as the need for safe, efficient, and technologically advanced patient handling solutions becomes increasingly important in healthcare settings.
The study provides a decisive view of the patient handling device market by segmenting it based on product, application, end-user, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.
By product, the market for patient handling device is fragmented into lifting slings, wheelchairs, medical beds, transfer equipment, ambulatory aids, and bathroom safety supplies.
By application, the patient handling device market is segmented into mobility assistance, long-term care, fall prevention, and acute and critical care.
Based on end-user, the market is divided into assisted living facilities, rehabilitation, hospitals, and home healthcare.
The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Report Attributes | Report Details |
---|---|
Report Name | Patient Handling Device Market |
Market Size in 2023 | USD 11.24 Billion |
Market Forecast in 2032 | USD 20.46 Billion |
Growth Rate | CAGR of 6.88% |
Number of Pages | 110 |
Key Companies Covered | Stryker Corporation, Handicare, Prism Medical, Linet, Mangar International, Invacare Corporation, Guldmann, Benmor Medical, ETAC Limited, and Joerns Healthcare |
Segments Covered | By product, By application, By end-user and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America dominated the patient handling device market in 2023, owing to a considerable rise in the number of surgeries especially in the U.S. The presence of a huge aging population base, promising healthcare schemes listed by government agencies, and rising number of surgeries are further propelling this regional market’s growth. Nearly, 20-50 million are seriously injured in road accidents daily all over the world. India currently has the worst road accident rate in the entire Asia Pacific region. Considering the surge in the number of car accidents in countries like China, India, and Japan, the Asia Pacific patient handling device market will register notable growth.
Some major players involved in the global patient handling device market are
This report segments the global patient handling device market into:
Global Patient Handling Device Market: By Product
Global Patient Handling Device Market: By Application
Global Patient Handling Device Market: By End-User
Global Patient Handling Device Market: By Region
FrequentlyAsked Questions
Patient handling devices are used in hospitals and homecare for taking care of patients before and after surgery. They are used for handling patients who are not completely alert, due to illness or medication.
The global increase in the elderly population, who are more prone to mobility issues and chronic conditions, is driving the demand for patient handling devices.
According to a study, the global patient handling device Industry size was $11.24 Billion in 2023 and is projected to reach $20.46 Billion by the end of 2032.
The global patient handling device market is expected to grow at a CAGR of 6.88% during the forecast period.
North America contributed a major revenue share to the global medical beds market in 2023 and is anticipated to dominate globally over the forecast time period as well.
Some major players involved in the global patient handling device market are Stryker Corporation, Handicare, Prism Medical, Linet, Mangar International, Invacare Corporation, Guldmann, Benmor Medical, ETAC Limited, and Joerns Healthcare.
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