The Infinium Global Research analyzes the Global Patient Handling Equipment Market over the period of 2019 to 2025. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global patient handling equipment market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of patient handling equipment. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the patient handling equipment market during the period. The global patient handling equipment market is projected to grow at a CAGR of 11.7% over the forecast period of 2019-2025.
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Increasing Occurrence of Chronic Diseases are the Major Factors for the Growth of Patient Handling Equipment Market
Increasing occurrence of chronic diseases are the major factors for the growth of patient handling equipment market. Also, rise in geriatric population also fuels the growth of the market. Furthermore, technological improvements, growing number of healthcare establishments, and demand for improved healthcare services are other major drivers for the patient handling equipment market. However, lack of skilled professionals and challenges to bariatric care patients are the major factors that may hamper the growth of the market. Moreover, improving healthcare infrastructure across emerging economies creates an opportunity for the growth of the patient handling market in the next few years.
Patient Handling Equipment Market: Segmentation
The global patient handling equipment market is segmented on the basis of product, type of care, accessories and end user. In terms of product, the global patient handling equipment market is bifurcated into wheelchairs and scooters, medical beds, bathroom safety supplies, mechanical equipment, non-mechanical equipment, ambulatory aids, and others. By type of care, the global market is divided into bariatric care, critical care, wound care, fall prevention, and others. Among all, the wound care segment is anticipated to dominate the patient handling equipment market. Rise in government support for wound management practices is a major factor driving the growth of the market for this segment. Based on accessories, the market is fragmented into transfer accessories, lifting accessories, medical bed accessories, evacuation accessories, and others. On the basis of end user, the global patient handling equipment market is bifurcated into hospitals, home care settings, elderly care facilities, and other end users.
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Europe Holds the Largest Market Share
Geographically, the global patient handling equipment market is classified into North America, Europe, Asia Pacific and the Rest of the World. Among all, Europe holds the largest market share due to presence of large number of healthcare facilities, trained professionals, and demand for better services coupled with supportive regulations for patient safety. North America is expected to grow at a beneficial rate due to increasing aged population and growing demand for home care equipment Moreover, Asia pacific is projected to grow at rapid speed due to fast growing patient handling industry and government efforts to retain the high quality of products manufactured in the region.
Patient Handling Equipment Market: Competitive Landscape
The leading players in patient handling equipment market are Stryker Corporation, Guldmann Inc., Invacare Corporation, Hill-Rom Holdings Inc., Prism Medical, Getinge Group, Linet Spol. S.R.O., Stiegelmeyer GmbH & Co. KG, and Joerns Healthcare. Key players in the global patient handling equipment market are focused on various strategies, such as new product launches, mergers & acquisitions, expansions, partnerships, joint ventures, and others to strengthen their position in the market.
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- Comprehensive analysis of global as well as regional markets of the Patient Handling Equipment.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.