Global Patient Handling Equipment Market size was valued at USD 11.16 Bn. in 2023 and is expected to reach USD 17.12 Bn. by 2030, at a CAGR of 6.3%.
Patient handling equipment market encompasses various devices and tools utilized in healthcare environments to aid in the mobility, transfer, and positioning of patients who have restricted movement or need assistance due to illness, injury, or surgical procedures. These tools are specifically designed to uphold patient safety, enhance comfort, and preserve dignity, all while reducing the potential for injury to both patients and healthcare professionals. Hospital Beds, Patient Lifts, Transfer Aids, Wheelchairs and Mobility Aids, Ambulation Aids, Specialized Stretchers, Positioning Devices, Bath and Shower Aids, Gait Belts, etc. are various equipment available in the market.
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Patient Handling Equipment Market Report Scope and Research Methodology
Challenge: High cost of equipment: Patient handling equipment such as motorized patient lifts, specialized beds and bariatric aids can involve significant upfront costs for healthcare facilities. For example, a basic motorized patient lift can range from $1,500 to $5,000 or more, depending on the features and specifications. Specialized equipment for bariatric patients, which requires higher weight capacities and reinforced designs, tends to be even more expensive.
Beyond initial purchase costs, ongoing operational expenses include maintenance, repairs, and staff training. Maintenance contracts and servicing for complex equipment can add substantial recurring costs to healthcare budgets. For instance, annual maintenance costs for patient lifts and beds can range from hundreds to thousands of dollars per unit, depending on the level of service required. This creates a barrier for the patient handling equipment market.
Patient Handling Equipment Market Regional Insights
North America is expected to dominate the market during the forecast period. North America leads the global patient handling equipment market with a substantial share, driven by its advanced healthcare infrastructure, high healthcare spending, and strong emphasis on patient safety and care quality. The region boasts a well-developed market offering a wide array of patient-handling products and services. Favorable reimbursement policies and government initiatives aimed at enhancing healthcare facilities further bolster North America’s dominance in this sector.
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Patient Handling Equipment Market Segmentation
By Product: Medical beds held the largest market share in 2023. Medical beds are fundamental to patient care in hospitals, nursing homes, and home healthcare settings, ensuring patient comfort and facilitating medical procedures. Expansion of healthcare facilities, especially in developing regions, increases the demand for medical beds which makes it the dominant player in the patient-handling equipment market with over. The increasing prevalence of chronic diseases necessitates specialized beds for intensive care and long-term patient management.
Patient Handling Equipment Market Key Players
North America
Hill-Rom Holdings Inc. (Chicago, Illinois, USA
Invacare Corporation (Elyria, Ohio, USA)
Stryker (Kalamazoo, Michigan, USA)
Drive DeVilbiss Healthcare Inc. (Port Washington, New York, USA)
GF Health Products, Inc. (Georgia, USA)
Europe
Arjo (Malmö, Sweden)
ETAC AB (Stockholm, Sweden)
Handicare Group AB (Stockholm, Sweden)
Prism Medical UK (Wigan, United Kingdom)
Stiegelmeyer GmbH & Co. KG (Herford, Germany)
Key questions answered in the Patient Handling Equipment Market are:
- What is Patient Handling Equipment?
- What was the Patient Handling Equipment market size in 2023?
- What is the growth rate of the Patient Handling Equipment Market?
- Which are the factors expected to drive the Patient Handling Equipment market growth?
- What are the different segments of the Patient Handling Equipment Market?
- What growth strategies are the players considering to increase their presence in Patient Handling Equipment?
- What are the upcoming industry applications and trends for the Patient Handling Equipment Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Patient Handling Equipment Market?
- What segments are covered in the Patient Handling Equipment Market?
- Who are the leading companies and what are their portfolios in Patient Handling Equipment Market?
- What segments are covered in the Patient Handling Equipment Market?
- Who are the key players in the Patient Handling Equipment market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2024-2030)
- Past Pricing and price curve by region 2024-2030)
- Market Size, Share, Size & Forecast by Different Segment | 2024-2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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