The size of the global patient handling devices market was worth USD 12.95 billion in 2022. The market is at a CAGR of 10.5% and will reach USD 21.34 billion by 2027.
Patient handling care equipment helps to improve patient care as there are highly used to lower the risk of injury while handling patients. Patient handling devices are mainly to shift the patient who cannot move. Advanced technologies are helping to manufacture different patient handling devices that are existing in the market to date.
MARKET DRIVERS:
Y-O-Y growth in the number of patients requiring patient handling devices to balance their physical and medical conditions is majorly promoting the global patient handling devices market growth.
According to WHO, the world population is approximately having 15% of disability disorders. Execution of rules that occurs for the safety of healthcare personnel during the manual lifting processes is a significant factor propelling the demand of the patient handling devices market. The growing geriatric population is also to level up the demand of the market. Besides, improvement in healthcare infrastructures across the world is enhancing the growth rate of the global patient handling devices market.
The introduction of innovative products with the latest technology, especially in healthcare, is leveraging the growth rate of the global patient handling devices market. The growing prevalence of patient care is accelerating market growth.
MARKET RESTRAINTS:
Problems that occur over a long period in handling overweight patients are one of the factors that are restraining patient handling devices market growth. These devices are high in cost, which is limiting the growth rate of the market. Less availability of raw materials in manufacturing industries also hinders the demand of the patient handling devices market.
Impact of COVID-19 on the global patient handling devices market:
COVID-19 was announced as a global pandemic and emergence of the healthcare industry by WHO in March 2020. COVID-19 was first arrived as a regional pandemic and became a global pandemic. COVID-19 is an infectious disease that spreads quickly from person to person; to control the spread, all the governments had imposed nationwide lockdown and a ban on transportation modes. The pandemic had affected all sectors of the economy except in the case of the healthcare sector.
The sudden emergence of the outbreak had kept many lives at risk. During the COVID-19 period, the widespread had increased the positive cases rapidly. The Patient Handling Devices Market has its supply chain globally; due to the nationwide lockdown, the supply chain between the countries had been stopped. There was a shortage of patient handling devices because of the high patient pool. Manufacture of patient handling devices had been stopped due to the strict nationwide lockdown. Many activities concerning Patient Handling Devices were also postponed during the first quarter of 2020; the negative impact had been created at the earlier period of COVID-19.
However, the unlock of lockdown has positively impacted the market growth, as the ban on transportation was lifted, and the supply chain has resumed. The demand for patient handling devices has been enormously raised due to the accelerated patient pool. Patient handling devices manufacturers are concentrating on manufacturing the patient handling devices to enable the hospitals' needs. The market has witnessed substantial market growth during the pandemic period. However, the market is expected to hold a better share in the coming years.
REPORT COVERAGE:
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2021 to 2027 |
|
Base Year |
2021 |
|
Forecast Period |
2022 to 2027 |
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Segments Covered |
By Bathroom safety, Type care, Accessories, End User and Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
|
Regions Covered |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
This market research report on the global patient handling devices market has been segmented and sub-segmented based on bathroom safety, type care, accessories, end-user, and region.
Patient Handling Devices Market - By Bathroom Safety:
Based on bathroom safety, the ambulatory wheelchair segment dominated the patient handling devices market. Lifts, stretchers, wheelchairs, benches, trolleys, and grab bars are used in ambulatory surgical centers to ensure that patients can be mobilized, moved, or repositioned safely and prevent treatment providers from conducting high-risk manual patient handling duties.
Patient Handling Devices Market - By Type Care:
Based on type care, the Wound care segment was one of the dominant segments in 2019 because of rising incidences of medical conditions such as critical, acute, and chronic wounds; venous leg ulcers; pressure ulcers; burns; postoperative injuries, and diabetic ulcers. Also, cutting-edge technologies available for wound care management, like stem cell therapy, bioengineered tissue, and negative-pressure wound treatment, boost industry growth in the coming years.
Patient Handling Devices Market – By Accessories:
Based on Accessories, the Transfer accessories segment accounted for the largest market share of the patient handling market. A growing number of obese patients are influencing the segment growth. Patient transfer systems help in both long and short distance patient transfers, depending on the situation. Additionally, these products reduce the chance of injury to caregivers when treating patients and save time. According to National Public Radio, almost 35,000 health practitioners in the United States suffer back and body injuries each year when treating patients.
Patient Handling Devices Market - By End User:
Based on End User, the hospital segment dominated the global patient handling market and likely to continue its domination during the forecast period. the segment growth is attributed to the growing adoption of patient handling equipment for the medical safety of patients and caregivers. Also, the reason responsible for market growth is the increased enforcement of protection standards and regulatory pressure to meet these guidelines. The National Public Protection Agency keeps track of patient safety issues in hospitals in the United Kingdom in order to optimize patient care. In addition, the spending to expand healthcare infrastructure in order to provide quality services and facilities is projected to drive market growth over the forecast period.
Patient Handling Devices Market - By Region:
Geographically, the North American market is predicted to account for most of the share in the global patient handling devices market during the forecast period. The increasing incidence of MSD-caused injuries to caregivers, the growing geriatric population, and the rise in the widespread chronic diseases in this region is estimated to drive market growth.
The European market is estimated to register a substantial share in the global market over the forecast period. An increase in the usage of these medical devices due to the increase in the patient pool, increasing elderly care facilities and rehabilitation centers, and the possibility of reducing the risk of patient injuries are the driving factor for the patient handling devices market.
The Asia Pacific market is anticipated to be the fastest-growing region globally during the forecast period with influential growth factors such as the prevalence of chronic diseases; improving healthcare infrastructure is most likely to accelerate the market growth of the patient handling devices market.
The market in the Middle East Africa region is expected to have a sluggish growth rate during the forecast period. Government organizations and the adoption of safety guidelines for manual handling and minimizing the risk of injuries to the caregivers are projected to grow the market in this region.
KEY MARKET PARTICIPANTS:
Some of the notable companies dominating the global patient handling devices market profiled in the report are Benmor Medical, Etac Limited, Joerns Healthcare, Stryker Corporation, Handicare, Prism Medical, Linet, Mangar International, Inc, Invacare Corporation, and Guldmann, Inc.
RECENT MARKET DEVELOPMENTS:
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Product
5.1.1 Introduction
5.1.1.1 Wheelchairs and Scooters
5.1.1.2 Medical Beds
5.1.1.3 Bathroom Safety Supplies
5.1.1.4 Mechanical Equipment
5.1.1.5 Non Mechanical Equipment
5.1.1.6 Ambulatory Aids
5.1.1.7 Other Patient Handling Equipment
5.1.2 Y-o-Y Growth Analysis, By Product
5.1.3 Market Attractiveness Analysis, By Product
5.1.4 Market Share Analysis, By Product
5.2 Type of Care
5.2.1 Introduction
5.2.1.1 Critical Care
5.2.1.2 Bariatric Care
5.2.1.3 Fall Prevention
5.2.1.4 Wound Care
5.2.1.5 Other (Acute Care & Long Term Care)
5.2.2 Y-o-Y Growth Analysis, By Type of Care
5.2.3 Market Attractiveness Analysis, By Type of Care
5.2.4 Market Share Analysis, By Type of Care
5.3 End User
5.3.1 Introduction
5.3.1.1 Home Care
5.3.1.2 Hospital
5.3.1.3 Elderly Homes
5.3.1.4 Other
5.3.2 Y-o-Y Growth Analysis, By End User
5.3.3 Market Attractiveness Analysis, By End User
5.3.4 Market Share Analysis, By End User
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Product
6.1.3.3 By Type of Care
6.1.3.4 By End User
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Product
6.1.4.3 By Type of Care
6.1.4.4 By End User
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Product
6.1.5.3 By Type of Care
6.1.5.4 By End User
6.2 North America
6.2.1 Introduction
6.2.2 United States
6.2.3 Canada
6.3 Europe
6.3.1 Introduction
6.3.2 U.K
6.3.3 Spain
6.3.4 Germany
6.3.5 Italy
6.3.6 France
6.4 Asia-Pacific
6.4.1 Introduction
6.4.2 China
6.4.3 India
6.4.4 Japan
6.4.5 Australia
6.4.6 South Korea
6.5 Latin America
6.5.1 Introduction
6.5.2 Brazil
6.5.3 Argentina
6.5.4 Mexico
6.5.5 Rest of Latin America
6.6 Middle East & Africa
6.6.1 Introduction
6.6.2 Middle-East
6.6.3 Africa
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Stiegelmeyer, Inc
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 ETAC Ltd
8.3 Mangar International
8.4 Spectra Care Group
8.5 Sidhil Ltd
8.6 Benmor Medical Ltd
8.7 Handicare
8.8 Guldmann Inc
8.9 Getinge Group (Arjohuntleigh)
8.10 Linet Spol. S.R.O.
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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