Patient Handling Equipment Market worth 17.18 Billion USD by 2021

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Patient Handling Equipment Market by Product & End User - Global Forecast

(EMAILWIRE.COM, October 30, 2018 ) According to a new market research report "Patient Handling Equipment Market by Product (Wheelchair, Scooters, Medical Beds, Bathroom Safety, Mechanical, Ambulatory), Type of Care (Bariatric Care, Critical Care, Wound), Accessories (Lifting, Transfer) & by End User (Home, Hospital) - Forecast to 2021", published by MarketsandMarkets, the patient handling equipment market is expected to reach USD 17.18 Billion by 2021 at a CAGR of 10.5% during the forecast period 2016 to 2021.

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Factors driving market growth include the increasing incidence of disabilities, growing geriatric population, high risk of injuries to caregivers during manual handling of patients, and the implementation of regulations against manual lifting of heavy loads. On the other hand, the lack of training provided to caregivers is the major market restraint.

In this report, the patient handling equipment market is broadly segmented on the basis of product, type of care, end user, accessory, and region. On the basis of product, the market is divided 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).

Browse and in-depth TOC on "Patient Handling Equipment Market"
137 - Tables
69 - Figures
201 - Pages

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On the basis of end users, the patient handling equipment market is segmented into home care settings, hospitals, elderly care facilities, and other end users (emergency medical services, long-term acute care, trauma centers, and nursing homes). The hospitals segment is expected to dominate the market, while the home care segment is expected to grow at the highest rate. This can be attributed to decreasing healthcare expenditure that has lowered investments in infrastructure and decreased hospital staff, while driving the preference for home care among patients.

Europe is expected to account for largest share of the patient handling equipment market in 2016, and North America is estimated to grow at the highest rate. Factors such as the increasing incidences of non-communicable diseases leading to disability and government regulations mandating the use of patient handling equipment are driving the growth of the North American market. The growth of the Asia-Pacific region is propelled by factors such as rapidly growing patient handling industry and government efforts to maintain the high quality of products manufactured in the region.

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Major players in this market include Stryker Corporation (U.S.), Hill-Rom Holdings, Inc. (U.S.), Invacare Corporation (U.S.), and Getinge Group (Sweden).

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