The patient handling equipment market is witnessing various new
opportunities such as rental provisions emerging as a market trend
among patients who require slings and lifts for short duration (i.e.
for four months to six months) in healthcare settings. Moreover,
provision for flexible rental payments enables rental providers in
effectively managing cash flow throughout the year. These factors
would further propel the growth of this market. The major drivers for
the market growth include need for prevention of musculoskeletal
injuries to both care providers as well as patients due to manual
lifting of patients. In such cases, these equipment are considered
the right option to lift patients in a proper manner. Secondly, the
cost savings on labor will be directed to purchase equipment such as
patient lifts, medical beds with assistive technology, and other such
equipment, eventually minimizing the role of caregivers in assisting
patients. The high benefit to cost ratio for investment made by
health care settings will incentivize their adoption rates for
patient handling equipment in developed economies.
The research report analyzes the current and future prospects of the
patient handling equipment market across the globe during the
forecast period from 2016 to 2024. Based on product type, the patient
handling equipment market has been categorized into lifting slings,
wheelchairs, medical beds, ambulatory aids, shower, bath and
toileting equipment, and others comprising patient lifts, transfer
assists, lateral and repositioning devices, patient turners, leg
lifters, and transfer poles. The report provides market size in terms
of US$ Mn, volume (No. of Units), and compound annual growth rate
(CAGR %) for each product segment during the forecast period from
2016 to 2024, considering 2014 and 2015 as base years. The report
also analyses the patient handling equipment market from an end users
perspective, for segments such as Hospital, Nursing Home, Assisted
Living Facility, Home Healthcare, and Others (Trauma, paramedical and
rehabilitation centers).
Medical bed segment accounted for the largest market share of the
global patient handling equipment market in 2015. Considering that
medical beds are a mandatory capital investment, for clinical
settings, the product segment is expected to witness consistent
demand from end users. In addition, an increasing number of high-end
super-specialty hospitals are willing to make substantial capital
investment for technologically advanced and ergonomically designed
medical beds considering the long-term advantages. Patient care often
necessitates lifting or providing body movements to perform daily
activities such as walking, toileting, and bathing. Such tasks
involve handling of patients with proper care. Patient handling
equipment are devices used in hospitals and nursing homes to transfer
patients with restricted mobility.
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Low awareness and apprehensions on return to investment by end-users
for expensive technologically advanced equipment are likely to hamper
the growth of the market. Developing countries such as India, Sri
Lanka etc. are devoid of legal and regulatory protocols pertaining to
patient handling for patients as well as caregivers. As a result, the
health care system in these regions is fragmented, with presence of
small and medium scale end-users devoid of foresighted benefits of
patient handling equipment. However, due to political pressures from
international bodies aiming to improve health care services across
the globe, various countries will be rolling out new policies for
developing a patient centered health care system. These government
initiatives for improving the quality of patient care and decent work
culture for caregivers employed in health care settings is likely to
augment the market, especially in Asia Pacific.
The major companies operating in the global patient handling
equipment market are ArjoHuntleigh (Getinge Group), DJO Global,
V.Guldmann A/S, Hill-Rom Holdings, Inc., Etac AB, Invacare
Corporation, Joerns Healthcare LLC, Patterson Medical Holdings, Inc.,
Permobil AB, Prism Medical, Stiegelmeyer & Co. GMBH, and Stryker
Corporation, Sunrise Medical LLC. ArjoHuntleigh (Getinge Group) was
identified as the leading player in the global patient handling
equipment market in 2015.
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