Global Patient Handling Equipment Market to Reach USD 17,436.03 Million by 2031 | CAGR of 6.1%
Category : Medical Devices | Published Date : Nov 2024 | Type : Press Release
Patient Handling Equipment Market Scope & Overview:
As per the Consegic Business Intelligence newly published report, the Patient Handling Equipment Market size was valued at USD 11,024.00 million in 2023 and is projected to grow at a CAGR of 6.1%, reaching USD 17,436.03 million by 2031. Patient handling equipment includes a range of devices designed to assist in transferring, moving, and caring for patients safely. These devices are critical in preventing injuries to both patients and healthcare workers and are widely used across hospitals, homecare, ambulatory surgical centers, and long-term care facilities.
The report comprises the Patient Handling Equipment Market Share, Size & Industry Analysis, based on Product Type (Patient Transfer Devices, Medical Beds, Mobility Aids, Bathroom Safety Equipment, Others), Type (Mechanical, Non-mechanical), End-User (Hospitals, Homecare Settings, Ambulatory Surgical Centers, Rehabilitation Centers, Long-term Care Facilities, Others), and Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa), and Forecast, 2024-2031.
The report contains detailed information on Patient Handling Equipment Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profiles, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraints or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
Segmental Analysis :
Based on product type, the market is segmented into Patient Transfer Devices, Medical Beds, Mobility Aids, Bathroom Safety Equipment, and Others.
- The medical beds segment accounted for the largest market share in 2023, driven by their essential role in improving patient comfort and safety, alongside features like adjustable height and pressure-relieving surfaces.
- The mobility aids segment is expected to grow at the fastest rate during the forecast period, fueled by advancements in lightweight, foldable designs and increasing demand from the elderly and patients with mobility impairments.
Based on type, the market is bifurcated into Mechanical and Non-mechanical.
- The mechanical segment held the largest market share in 2023 and is also projected to grow at the highest CAGR, attributed to its ability to reduce caregiver strain and improve patient handling efficiency through powered mechanisms like electric lifts and hydraulic systems.
Based on end-user, the market is categorized into Hospitals, Homecare Settings, Ambulatory Surgical Centers, Rehabilitation Centers, Long-term Care Facilities, and Others.
- The hospitals segment accounted for the largest market share of 42.18% in 2023, supported by a high demand for advanced patient handling devices to ensure patient safety and reduce staff injuries.
- The homecare settings segment is anticipated to grow at the fastest CAGR, driven by the increasing trend toward home-based care and the need for portable and easy-to-use equipment.
Based on regions, the market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.
- North America: Held the largest revenue share in 2023 at 36.85%, valued at USD 4,062.34 million, driven by the adoption of advanced equipment and stringent patient safety regulations.
- Asia-Pacific: Expected to grow at the highest CAGR of 7.9% during the forecast period, fueled by increasing healthcare infrastructure development and growing awareness of patient and caregiver safety.
| Report Attributes | Report Details |
| Study Timeline | 2018-2031 |
| Market Size in 2031 | USD 17,436.03 Million |
| CAGR (2024-2031) | 6.1% |
| Product Type | Patient Transfer Devices, Medical Beds, Mobility Aids, Bathroom Safety Equipment, Others |
| Type | Mechanical, Non-mechanical |
| End-User | Hospitals, Homecare Settings, Ambulatory Surgical Centers, Rehabilitation Centers, Long-term Care Facilities, Others |
| By Region | North America (U.S., Canada, Mexico), Europe (Germany, UK, France, Spain, Italy, Russia, BENELUX, Rest of Europe), APAC (China, Japan, India, South Korea, Australia, ASEAN, Rest of APAC), LATAM (Brazil, Argentina, Chile, Rest of LATAM), MEA (GCC, Turkey, South Africa, Rest of MEA) |
Top Key Players & Competitive Landscape :
The competitive landscape encompasses major innovators, aftermarket service providers, industry giants, and niche players, all of which are thoroughly examined by Consegic Business Intelligence in terms of their strengths, weaknesses, and value-addition potential. This report includes detailed profiles of key players, market share analysis, mergers and acquisitions, resulting market fragmentation, and emerging partnership trends and dynamics.
List of prominent players in the Patient Handling Equipment Industry:
- Stryker (U.S.)
- Hillrom and Welch Allyn (U.S.)
- Invacare Corporation (U.S.)
- Arjo (Sweden)
- Getinge (Sweden)
- Baxter (U.S.)
- Joerns Healthcare (U.S.)
- GF Health Products, Inc. (U.S.)
- Etac AB (Sweden)
- Guldmann (Denmark)
Recent Industry Developments:
- July 2024: Top Medical Mobility introduced a new line of Hoyer lifts and patient lift transfer chairs designed for homecare, reducing caregiver strain through hydraulic assistance.
- June 2023: Baxter International launched the Hillrom Progressa+ bed with advanced therapy options and support surfaces for ICU patients.
- May 2022: Invacare unveiled the Birdie Evo XPLUS, an innovative patient lift solution, emphasizing comfort and security in post-acute care settings.
