Patient Handling Equipment Market is Anticipated to Witness Considerable Growth by 2024

Patient Handling Equipment Market Analysis, Size, Growth, Share & Forecast to 2024 | Grand View Research Inc.

“Patient Handling Equipment Market Worth $23.4 Billion By 2024”

The patient handling equipment market is expected to reach USD 23.4 billion by 2024, according to a new report by Grand View Research, Inc. The upsurge in the demand for products, such as slings, lifts, powered electric wheelchair, due to high risk of physical injuries in manual lifting of heavy loads is a key growth driver of patient handling equipment market. In addition, growing prevalence of injuries, such as lower back pain, musculoskeletal disorders (MSDs), etc., is expected to boost growth in this sector. These injuries are avoidable by practicing safe patient handling guidelines and using equipment for the same.

Associated advantages and availability of improved products such as prime Transport Chairs (TC), temperature management systems, and patient transfer solutions, which offer safe, comfortable, and dignified transfer are the factors anticipated to provide lucrative growth to this sector in the near future.

Increasing incidences of Non-communicable Diseases (NCD), such as diabetes, asthma, cancer, stroke, etc., requiring patient handling equipment in homecare settings, hospitals, and intensive care units are f urther expected to boost market growth over the forecast period.

Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/patient-handlingequipment-market Further key findings from the study suggest:  The mechanical and nonmechanical equipment segment is expected to grow at a lucrative CAGR of above 12.0% owing to high penetration of hospital furniture, stretchers, evacuation equipment, ambulatory aids, and accessories in healthcare settings

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On the other hand, medical beds held lucrative share in this industry in 2015, due to high adoption rate by hospitals and long-term acute care centers. Moreover, introduction of technologically enhanced products and comfort offered by them are the factors attributing to its dominant share

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Critical care segment is anticipated to grow lucratively during the forecast period, due to rising treatment rates and adoption of equipment to curb increasing prevalence of critical conditions and reduction in mishaps that occur during patient handling. Moreover, the critical care nursing and intensive care units requiring stable and safe handling practices for cardiothoracic, coronary, trauma, and surgical units supporting patients’ health are expected to widen the consumer base for these devices

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Home care setting is anticipated to grow lucratively as a consequence of increasing patient preference to reduce hospital stay and cost for the treatment. In addition, the increasing preference of home care facilities by elderly patients’ are expected to intensify demand for patient handling equipment over the forecast period. Moreover, increasing applications of long -term care programs, home health agency, and homecare services are expected to propel market growth during the forecast period

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Some key players in this market include Stryker Corporation; Hill-Rom Holdings, Inc.; Invacare Corporation; Getinge Group; Guldmann, Inc.; Stiegelmeyer, Inc.; Benmor Medical Ltd.: Sidhil Ltd.; ArjoHuntleigh, Inc.; Etac Ltd.; Joerns Healthcare; Handicare, Inc.; Mangar International Ltd.; Linet Americas, Inc; and Prism Medical Ltd.

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These players are adopting strategies such as technological innovation, new product launch, and strategic collaborations, including mergers and acquisitions to capitalize their industry share. For instance, in March 2016, Prism Medical Ltd. acquired lifts and elevating business of Shoppers Home Health Care in a probe to expand its business capabilities and strengthen its services portfolio. Similarly, in November 2014, Stiegelmeyer, Inc. introduced new technology “e-help,” an intelligent sensor technology for homecare and in-patient services enabling deeper market penetration.

Grand View Research has segmented the patient handling equipment market on the basis of product type, end-use, and region: Global Patient Handling Equipment Product Outlook (Revenue, USD Million, 2013 - 2024)  Wheelchairs & Scooters 

Medical Beds

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Mechanical & Nonmechanical Equipment

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Ambulatory Aids

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Others

Global Patient Handling Equipment Type Outlook (Revenue, USD Million, 2013 - 2024)  Bariatric Care 

Fall Prevention

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Critical Care

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Wound Care

Global Patient Handling Equipment End-Use Outlook (Revenue, USD Million, 2013 - 2024)  Home Care Settings 

Hospitals

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Elderly Care Facilities

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Other

Patient Handling Equipment Regional Outlook (Revenue, USD Million, 2013 - 2024)  North America

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o

U.S.

o

Canada

Europe o

UK

o

Germany

Asia Pacific o

Japan

o

China

o

India

Latin America o

Mexico

o

Brazil

MEA o

South Africa

Table of Content Chapter 1. Methodology and Scope 1.1. Research Methodology 1.2. Research Scope & Assumptions 1.3. List of Data Sources Chapter 2. Executive Summary 2.1. Patient Handling Equipment Market - Industry Snapshot and Key Buying Criteria, 2015 Chapter 3. Patient Handling Equipment Industry Outlook

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3.1. Patient Handling Equipment Market Segmentation 3.2. Patient Handling Equipment Market Size and Growth Prospects 3.3. Patient Handling Equipment Market Dynamics 3.3.1. Market Driver Analysis 3.3.1.1. High risk in manual handling of patients 3.3.1.2. Regulations against manual lifting of heavy loads 3.3.2. Market Restraint Analysis 3.3.2.1. Lack of training provided to caregivers 3.4. Key Opportunities Prioritized 3.5. Industry Analysis - Porter's 3.6. Competitive Landscape: Market Position Analysis (based on products, regional presence, and strategic initiatives) 3.7. Patient Handling Equipment Market PESTEL Analysis, 2015 Continue………….

About Grand View Research, Inc.: Grand View Research, Inc. is a U.S. based market y provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and factbased research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: 1-415- 349-0058 Toll Free: 1-888- 202-9519 Email: sales@grandviewresearch.com For More Information: http://www.grandviewresearch.com

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