A recent report published by Infinium Global Research on patient
handling equipment market provides an in-depth analysis of segments and
sub-segments in the global as well as regional patient handling equipment
market. The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional patient handling equipment market over
the short term as well as long term. The report is a comprehensive presentation
of trends, forecast and dollar values of global patient handling equipment market.
According to the report, the global patient handling equipment market is
projected to grow at a CAGR of 11.7% over the forecast period of 2019-2025.
Growing incidence of diseases and increasing rates of disabilities
are the major factors that drive the growth of patient handling equipment
market across the globe. The growing amount of hospitalization cases, rising
healthcare expenditure, and growing need for multifunctional and cheap medical
equipment are other factors that help in the growth of the patient handling
equipment market. An increase in the aging population also drives the growth of
the market. Furthermore, technological advancements and government policies are
some other factors for the growth of the market. Additionally, high risk of
injuries to the caretaker as well as the patients during manual handling and
execution of rules related to the safety at the healthcare facilities also
boosts the market growth. Though, the absence of trained medical professionals
to handle patients in critical condition may restrain the growth of the market.
On the other hand, improving healthcare infrastructure across emerging
economies create an opportunity for the growth of the patient handling market
in the next few years.
In terms of region, the global patient handling equipment market
is classified into North America, Europe, Asia-Pacific, and the RoW. Among all,
Europe holds the largest market share and is expected to dominate the global
patient handling equipment market during the forecast period. This is
attributed to the presence of a 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 the increasing aged population and the growing demand
for home care equipment. Furthermore, the growing frequency of Musculoskeletal
Disorders in this region is boosting the market growth during the forecast
period. Moreover, Asia-Pacific is estimated to grow at a rapid speed due to
fast-growing patient handling industry and government efforts to retain the
high quality of products manufactured in the region.
The report on global patient handling equipment market covers
segments such as product type, type of care, and end user. On the basis of
product type, the sub-markets include wheelchairs and scooters beds, medical
beds, bathroom safety supplies, mechanical equipment, non-mechanical equipment,
ambulatory aids, and other types. On the basis of type of care, the sub-markets
include bariatric care, critical care, wound care, fall prevention, and other
type of care. On the basis of end user, the sub-markets include hospitals, home
care settings, elderly care facilities, and other end users.
The report provides profiles of the companies in the market such
as 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.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of patient
handling equipment market. Moreover, the study highlights current market trends
and provides forecast from 2019-2025. We also have highlighted future trends in
the market that will affect the demand during the forecast period. Moreover,
the competitive analysis given in each regional market brings an insight into
the market share of the leading players.