(EMAILWIRE.COM, October 06, 2017 ) The patient handling equipment market is expected to reach USD 17.18 Billion in 2021 at a CAGR of 10.5%. Factors driving market growth include rising geriatric population, increasing incidence of disabilities, high risk of injuries to caregivers during manual handling of patients, and the implementation of regulations against the manual lifting of heavy loads. The market is broadly segmented based on product, type of care, end user, accessory, and region.

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On the basis of product, the market is segmented into wheelchairs and scooters, medical beds, bathroom safety supplies, mechanical equipment, non-mechanical equipment, ambulatory aids, and others (stretchers, hospital furniture, and evacuation equipment, among others). The wheelchairs and scooters segment is further divided into manual wheelchairs, powered wheelchairs, and mobility scooters. Mechanical equipment is divided into patient lifts, medical lifting slings, and others (turning disc, transfer boards, and slide boards). The medical beds segment is further divided into curative care beds, psychiatric care beds, long-term care beds, and others (maternity beds and bariatric beds). The medical beds segment is expected to account for the largest share of the market in 2016. The large share of this segment is attributed to cuts in healthcare expenditure, which is driving patient preference for home care and thereby increasing the purchase of medical beds in this end-user segment.

On the basis of end users, the patient handling equipment market is segmented into home care settings, hospitals, elderly care facilities, and others (emergency medical services, long-term acute care, trauma centers, and nursing homes). The hospitals segment is expected to dominate the market in 2016, mainly due to the rising number of disabled patients in hospitals requiring assistance.

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Europe is expected to account for the largest share of the global market, by region, in 2016, followed by North America. North America is projected to grow at the highest CAGR in the forecast period due to strict government regulations mandating the use of patient handling equipment.

The patient handling equipment market is highly competitive, with a large number of players. Stryker Corporation (U.S.), Hill-Rom Holdings, Inc. (U.S.), and Invacare Corporation (U.S.) are the leading players in this market.

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