Patient Handling Equipment Market Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2024

Apr 2018| TMR480A| Transparency

Report Highlights

Patient Handling Equipment Market: Overview

The international market for patient handling equipment market has been prophesized to rise at a robust CAGR rate of 10.4% over the forecast timeframe that extends from 2017 to 2024. Such a growth of the market for patient handling equipment market is primarily due to the rising risk of caregivers’ injury, increasing geriatric population, and also the risk of injury to the patients while handling them manually. Apart from that, other factors such as rising incidences of disabilities, implementation of rules and regulations that pertain to the safety and security at many of the healthcare facilities.

As the report on global patient handling equipment estimates, the said market would be worth around US$ 22.4 bn towards the end of forecast period, i.e. by 2024. The estimated amount at the end of 2024 has substantially risen from an evaluated market valuation of US$11.2 bn in the year 2017. The industry of healthcare is at present thriving in many a number of emerging and developed economies.

Patient Handling Equipment Market: Trends and Opportunities

The international market for patient handling equipment is experiencing many new favorable market options such as the provision of rental that is coming up as a trend in the market amongst those patients who need lifts and slings for a short period of time in the settings of healthcare system. In addition to that, the arrangement for flexible payment option of rent makes providers of rent to manage flow of cash all the year around. These various factors are anticipated to further spearhead the growth of the said market. The drivers that are primarily responsible for the growth of the market include factors such the soaring need for aversion of musculoskeletal injuries that could happen both to the patients and to the care givers owing to physical actions like manual uplifting of patients. In those cases, the said patient handling equipment are regarded as the apt choice to uplift patients in the right way. In addition to that, the savings on manual labor could now be utilized for the procurement of equipment like medical beds that come with assistive technology, patient lifts, and many such types of equipment. Such patient handling equipment eventually diminishes the role that caregivers play in helping patients.

Patient Handling Equipment Market: Geographical Analysis

The market research study on patient handling equipment also comes with regional analysis and segmentations of the said market. In accordance with the said study, the market spreads across the regions of the Middle East and Africa (MEA), North America, Europe, Latin America and Asia Pacific (APAC). Emerging economies such as Sri Lanka, India, and China lack regulatory and legal protocols associated with handling of caregivers and patients. As such, the system of healthcare in these parts of the world can be considered moderately fragmented. The market is marked with the presence of medium and small scale end-users that are devoid of the benefits arising out of patient handling equipment.

However, owing to the political pressures coming out of international bodies that pressurize on improving services of the healthcare segment worldwide, it is prophesized that many countries would now be coming out with new rules and regulations for the progress of healthcare system that centers on patients. These initiatives by various governments are meant for the improvement the standard and quality of patient care and as such the same are anticipated to bolster market growth.

Patient Handling Equipment Market: Company Profiling

Taking vendor landscape into consideration, the market for patient handling equipment can be regarded as moderately fragmented and the market players has been focusing on strategically important moves like partnerships, mergers and acquisitions so as to reinforce their hold on the said market.

The prominent market players that are operating in the world market for patient handling equipment are ArjoHuntleigh (Getinge Group), DJO Global, Invacare Corporation, Patterson Medical, Stryker Corporation, Joerns Healthcare LLC, and Hill-Rom Holdings. The company, ArjoHuntleigh (Getinge Group), is considered as the leading market player in the international market for patient handling equipment in the year 2017.

Global Patient Handling Equipment Market, by Devices
Laser devices
Rotational devices
Orbital devices
Directional devices

Patient Handling Equipment Market, by Product Type
Lifting Slings
Wheelchairs
Medical Beds
Ambulatory Aids
Shower, Bath and Toileting Equipment
Others

Patient Handling Equipment Market, by End User
Hospital
Nursing Home
Assisted Living Facility
Home Healthcare
Others (Trauma, Rehabilitation & Paramedical Centers)

Patient Handling Equipment Market, by Geography
North America
U.S.
Canada
Europe
U.K.
Germany

Rest of Europe
Asia-Pacific
Japan
India

Rest of Asia Pacific
Rest of the World
Latin America
Middle East & Africa

  • Table 1 : Patient Handling Equipment Market Snapshot: Patient Handling Equipment Market Snapshot :2014
  • Table 2 : Global Patient Handling Equipment Market Revenue, by Product, (US$ Mn), 2014–2024
  • Table 3 : Global Patient Handling Equipment Market Revenue, by End-user (US$ Mn), 2014–2024
  • Table 4 : Global Patient Handling Equipment Market Revenue, by Geography, 2014–2024(US$ Mn)
  • Table 5 : North America Patient Handling Equipment Market Revenue, by Country, 2014–2024(US$ Mn)
  • Table 6 : Europe Patient Handling Equipment Market Revenue, by Country, 2014–2024(US$ Mn)
  • Table 7 : Asia Pacific Patient Handling Equipment Market Revenue, by Country, 2014–2024(US$ Mn)
  • Table 8 : Rest of the World Patient Handling Equipment Market Revenue, by Region, (US$ Mn), 2014–2024
  • Figure 1 : Global Patient Handling Equipment Market Revenue, by Product, (US$ Mn), 2015
  • Figure 2 : Global Patient Handling Equipment Market Share, by End User Type, (Value%), 2015
  • Figure 3 : Global Patient Handling Equipment Market Share, by End User Type, (Value%), 2024
  • Figure 4 : Porter’s Five Forces Analysis: Global Patient Handling Equipment Market
  • Figure 5 : Market Attractiveness Analysis, by Geography, (CAGR%), (2015)
  • Figure 6 : Market Share Analysis: Global Patient Handling Equipment Market, by Key Players, 2015 (Value %)
  • Figure 7 : Global Lifting Slings Market Revenue, by Product, (US$ Mn), 2014–2024
  • Figure 8 : Global Lifting Slings Market Volume, by Product, (No. of Units), 2014–2024
  • Figure 9 : Global Wheelchairs Market Revenue, (US$ Mn), 2014–2024
  • Figure 10 : Global Wheelchairs Market Volume, (US$ Mn), 2014–2024
  • Figure 11 : Global Medical Beds Market Revenue, (US$ Mn), 2014–2024
  • Figure 12 : Global Medical Beds Market Volume, (No. of Units) 2014–2024
  • Figure 13 : Global Ambulatory Aids (walkers crutches and canes) Market Revenue, (US$ Mn), 2014–2024
  • Figure 14 : Global Ambulatory Aids (walkers crutches and canes) Market Volume, (No. of Units), 2014–2024
  • Figure 15 : Global Shower, Bath & Toileting Equipment Market Revenue, (US$ Mn), 2014–2024
  • Figure 16 : Global Shower, Bath & Toileting Equipment Market Volume, (No. of Units), 2014–2024
  • Figure 17 : Global Others (transfer & positioning aids, patient lifts etc.) Market, 2014–2024 (US$ Mn)
  • Figure 18 : Global Others (e.g. transfer & positioning aids, patient lifts etc.) (No. of Units), 2014–2024
  • Figure 19 : Global Hospitals Market Revenue, (US$ Mn), 2014–2024
  • Figure 20 : Global Nursing Homes Market Revenue, (US$ Mn), 2014–2024
  • Figure 21 : Global Assisted Living Facilities Market Revenue, (US$ Mn), 2014–2024
  • Figure 22 : Global Home Health Care Market Revenue, (US$ Mn), 2014–2024
  • Figure 23 : Global Other End-users Market Revenue, (US$ Mn), 2014–2024
  • Figure 24 : U.S. Patient Handling Equipment Market Revenue (US$ Mn), 2014–2024
  • Figure 25 : Germany Patient Handling Equipment Market Revenue (US$ Mn), 2014–2024
  • Figure 26 : U.K. Patient Handling Equipment Market Revenue (US$ Mn), 2014–2024
  • Figure 27 : Rest of Europe Patient Handling Equipment Market Revenue (US$ Mn), 2014–2024
  • Figure 28 : Japan Patient Handling Equipment Market Revenue (US$ Mn), 2014–2024
  • Figure 29 : India Patient Handling Equipment Market Revenue (US$ Mn), 2014–2024
  • Figure 30 : Rest of Asia Pacific Patient Handling Equipment Market Revenue (US$ Mn), 2014–2024
  • Figure 31 : Latin America Patient Handling Equipment Market Revenue (US$ Mn), 2014–2024
  • Figure 32 : Middle East & Africa Handling Equipment Market Revenue (US$ Mn), 2014–2024
  • Figure 33 : ArjoHuntleigh (Getinge Group, Annual Revenue, 2013–2015 (US$ Mn)
  • Figure 34 : DJO Global, Annual Revenue, 2013–2015 (US$ Mn)
  • Figure 35 : V.Guldmann A/S, Annual Revenue, 2013–2015 (US$ Mn)
  • Figure 36 : Hill-Rom Holdings, Inc., Annual Revenue, 2013–2015 (US$ Mn)
  • Figure 37 : Etac AB, Annual Revenue, 2013–2015 (US$ Mn)
  • Figure 38 : Invacare Corporation, Annual Revenue, 2013–2015 (US$ Mn)
  • Figure 39 : Joerns Healthcare LLC, Annual Revenue, 2013–2015 (US$ Mn)
  • Figure 40 : Patterson Medical Holdings, Inc. , Annual Revenue, 2013–2015 (US$ Mn)
  • Figure 41 : Permobil AB, Annual Revenue, 2013–2015 (US$ Mn)
  • Figure 42 : Prism Medical, Annual Revenue, 2013–2015 (US$ Mn)
  • Figure 43 : Stiegelmeyer & Co. GMBH, Annual Revenue, 2013–2015 (US$ Mn)
  • Figure 44 : Stryker Corporation, Annual Revenue, 2013–2015 (US$ Mn)
  • Figure 45 : Sunrise Medical LLC, Annual Revenue, 2013–2015 (US$ Mn)

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