Patient Handling Equipment Market by Type (Wheelchairs, Mobility Scooters, Medical Beds (Electric Beds), Patient Transfer Device (Lift (Ceiling Lifts), Slings, Slide Sheets), Stretchers), End User (Hospitals, Home Care settings)- Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2021-2027

The global Patient Handling Equipment market gathered revenue around USD 10.2 Billion in 2020 and market is set to grow USD 14.02 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 7.4% during the prediction period 2021 to 2027.

Patient Handling Equipment Market Size 2020 to 2027

In patient handling equipment are leading to new opportunities in the healthcare industry. Major players in the patient handling equipment market are adopting several strategies to update their products through advanced technologies such as IoT sensors. For instance, in October 2020, Stryker launched the industry's first and only completely wireless hospital bed, ProCuity. This was designed with the latest advanced technologies to help reduce fall-related injuries, to promote safe patient handling and improve nurse workflow efficiencies and safety, as well as help lower hospital costs. The key features of the ProCuity include completely wireless, ergonomic side rails, intuitive patient and bed monitoring systems, a zoom motorized drive, and enhanced patient experience.

Players in the patient handling equipment market are also adopting RFID technology to update their products. Patient handling equipment rely on RFID technology to track patient beds and other hospital equipment. Radio Frequency Identification (RFID) is a technology that uses radio waves to encode and read smart labels. It belongs to the automatic recognition and data capture technology community (AIDC). RFID in patient tracking helps to maintain high standards for hospitals, relieve nurses of high-exertion tasks, and improve patient handling experiences. The sales of medical beds and patient handling equipment due to growing injured elderly patients rapidly worldwide. Specialty beds for curative care, long-term care, and psychiatric care are helping fuel the market increase. These demands are resulting in new, innovative patient handling equipment driven by RFID technology. They include lateral transfer systems, convertible chairs, and ceiling lifts with smart technology. Such innovations can transform the experiences of both patients and care takers.

This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Patient Handling Equipment market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Patient Handling Equipment market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.

COVID-19 Impact Assessment on Market Landscape

The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.

Patient Handling Equipment market report empower readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.

Report Highlights Details
Market Size US$ 14.02 Billion by 2027
Growth Rate CAGR of 7.4% From 2021 to 2027
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2027
Segments Covered by type, end user, and region
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Companies Mentioned Stryker Corporation, Handicare, Inc., Prism Medical, Linet, Inc., Mangar International, Inc., Invacare Corporation, Guldmann, Inc., Benmor Medical, Inc. Etac Limited, Joerns Healthcare.

Competitive Rivalry

Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

  • Company Overview
  • Company Market Share/Positioning Analysis
  • Product Offerings
  • Financial Performance
  • Recent Initiatives
  • Key Strategies Adopted by Players
  • Vendor Landscape
  • List of Suppliers
  • List of Buyers

Some of the prominent players in the Patient Handling Equipment Market include:  Stryker Corporation, Handicare, Inc., Prism Medical, Linet, Inc., Mangar International, Inc., Invacare Corporation, Guldmann, Inc., Benmor Medical, Inc. Etac Limited, Joerns Healthcare.

Unravelling the Critical Segments

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:

The patient handling equipment market Based on Type

  • Patient Transfer Devices
  • Patient Lifts
    • Ceiling Lifts
    • Stair & Wheelchair Lifts
    • Mobile Lifts
    • Sit-to-Stand Lifts
    • Bath & Pool Lifts
  • Slings
  • Air-assisted Lateral Transfer Mattresses
    • Single-patient use air-assisted mattresses
    • Reusable air-assisted Mattresses
  • Sliding Sheets
  • Accessories
  • Medical Beds
  • Medical Beds, by Type  
    • Manual Beds
    • Electric Beds
    • Semi-electric beds
  • Medical Beds, by Application      
    • Acute Care
    • Long-term Care
    • Rehabilitation Care
    • Bariatric Care
    • Other Applications
  • Mobility Devices
  • Wheelchairs & Mobility Scooters
    • Manual Wheelchairs
    • Powered Wheelchairs
    • Mobility Scooters
  • Ambulatory Aids
  • Bathroom & Toilet Assist Equipment
  • Stretchers & Transport Chairs

The patient handling equipment market Based on Type

  • Hospitals
  • Home Care Settings
  • Other End Users 

By Geography

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • United Kingdom
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia
  • Rest of Asia Pacific

Latin America

  • Brazil
  • Rest of Latin America

Middle East & Africa (MEA)

  • GCC
  • North Africa
  • South Africa
  • Rest of Middle East & Africa

Highlights of the Report:

  • Market Penetration: Comprehensive information on the product portfolios of the top players in the market.
  • Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market
  • Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
  • Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the market

Research Methodology

In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Patient Handling Equipment market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.

Secondary resources referred to by analysts during the production of the Patient Handling Equipment market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.

Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Patient Handling Equipment markets more accurate and reliable.

Secondary Research

It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.

The secondary research sources referred in the process are as follows:

  • Governmental bodies, and organizations creating economic policies
  • National and international social welfare institutions
  • Company websites, financial reports and SEC filings, broker and investor reports
  • Related patent and regulatory databases
  • Statistical databases and market reports
  • Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to face interviews, online surveys, and telephonic interviews.

  • Means of primary research: Email interactions, telephonic discussions and Questionnaire based research etc.
  • In order to validate our research findings and analysis we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

Industry participants involved in this research study include:

  • CEOs, VPs, market intelligence managers
  • Procuring and national sales managers technical personnel, distributors and resellers
  • Research analysts and key opinion leaders from various domains

Key Points Covered in Patient Handling Equipment market Study:

  • Growth of Patient Handling Equipment in 2021
  • Market Estimates and Forecasts (2017-2027)
  •  Brand Share and Market Share Analysis
  •  Key Drivers and Restraints Shaping Market Growth
  •  Segment-wise, Country-wise, and Region-wise Analysis
  •  Competition Mapping and Benchmarking
  •   Recommendation on Key Winning Strategies
  •   COVID-19 Impact on Demand for Patient Handling Equipment and How to Navigate
  •   Key Product Innovations and Regulatory Climate
  •   Patient Handling Equipment Consumption Analysis
  • Patient Handling Equipment Production Analysis
  •  Patient Handling Equipment and Management