Id: CBI_1679 | Pages: 270 | Format : PDF | Published : | Author : Pawan Chasta | Category : Medical Devices
Patient Handling Equipment Market size is growing with a CAGR of 6.1% during the forecast period (2024-2031), and the market is projected to be valued at USD 17,436.03 Million by 2031 from USD 11,024.00 Million in 2023.
Patient handling equipment refers to a wide range of equipments designed to assist in safely moving, transferring, and transporting patients. These equipment are crucial for ensuring the safety of both patients and healthcare providers, minimizing the risk of injuries during various medical procedures and daily care activities. Patient handling equipment encompasses a wide range of products including patient transfer devices, medical beds, ambulatory aids, and bathroom safety equipment among others. These devices are categorized as mechanical and non-mechanical. They are extensively utilized for acute care, critical care, and long-term care among others. Owing to the spectrum of applications patient handling equipment serve a crucial role in hospitals, homecare settings, ambulatory surgical centers, rehabilitation centers, and long-term care facilities.
Patient safety and healthcare provider safety are paramount concerns in healthcare settings. Manual patient handling results in serious injuries for both patients and healthcare workers, including musculoskeletal disorders, back injuries, and falls. To mitigate these risks, healthcare facilities are taking initiatives to adopt patient handling equipment.
By minimizing manual lifting and transferring tasks, these devices reduce the risk of falls and injuries for both patients and healthcare workers. Specialized mattresses and cushions help prevent pressure ulcers and skin tears, enhancing patient comfort. Automated patient handling equipment streamlines workflows and reduces physical strain on healthcare providers, improving efficiency and job satisfaction.
Thus, these equipments contribute to a safer and more efficient healthcare environment. As healthcare facilities continue to prioritize patient safety and worker well-being, the demand for advanced patient handling solutions is rising.
Technological advancements are significantly fueling the patient handling equipment market, leading to safer, more efficient, and patient-friendly solutions. A few of the advancements include smart patient handling equipment, equipped with IoT (Internet of Things) integration and sensor-based systems, enabling real-time monitoring and automated tasks, reducing the physical strain on healthcare workers and improving patient safety.
Ergonomic designs, such as intuitive controls, adjustable features, and lightweight materials, enhance user experience and minimize the risk of injuries. Advanced materials, such as antimicrobial coatings and pressure-relieving surfaces, enhance hygiene and comfort. The development of technologically advanced equipment facilitates patient mobility and minimizes the risk of clinician injuries.
Telehealth integration further empowers healthcare professionals by enabling remote monitoring and virtual training, optimizing patient care. Robotic-assisted devices automate lifting and transferring tasks, reducing the physical strain on healthcare workers and improving patient safety. By adopting these technological innovations, the patient handling equipment market is poised to continue its growth.
The high initial cost of patient handling equipment is a significant restraint for the market. Advanced equipment, such as electric lifts, specialized slings, and advanced medical beds, are expensive to purchase and maintain. This serves as a major barrier for smaller healthcare facilities, particularly in developing countries, where budgets may be limited. Additionally, the cost of training healthcare staff to use the equipment effectively adds cost to the overall expenditure. Moreover, equipment used in patient handling must adhere to stringent safety and regulatory standards. Compliance testing and certification processes become time-consuming and expensive, adding to the overall cost of the product.
The high initial cost of this equipment significantly hinders their adoption. Smaller healthcare facilities, particularly those with limited budgets, are unable to afford the upfront investment, leading to continued reliance on manual handling techniques. Furthermore, the high cost discourages healthcare facilities from investing in the latest advancements in patient handling technology, limiting innovation and improvement in patient care.
The patient handling equipment market is poised for significant growth in upcoming years owing to the increasing demand for home healthcare services. Homecare refers to healthcare or supportive services provided in a person's home. It caters to individuals who are ill, disabled, elderly, or recovering from surgery. The rising prevalence of chronic diseases has increased the demand for home care services. Additionally, healthcare reform initiatives, including the shift to outpatient care and expanded insurance coverage, have made home care more accessible and affordable.
As more individuals opt for home-based care, the need for safe and efficient patient handling solutions becomes paramount. The development of advanced equipment, such as powered lifts and mobile patient lifts, makes it easier for caregivers to safely and efficiently handle patients.
Thus, the growing requirement from homecare settings is expected to propel the patient handling equipment market expansion in forecast years.
Based on product type, the market is bifurcated into patient transfer devices, medical beds, mobility aids, bathroom safety equipment, and others.
Trends in the Product Type:
The medical beds segment accounted for the largest market share in 2023.
The mobility aid segment is expected to grow at the fastest CAGR over the forecast period.
Trends in the Type:
The mechanical segment accounted for the largest market share in the year 2023 and is also expected to grow at the fastest CAGR over the forecast period.
Based on end-users, the market is categorized into hospitals, homecare settings, ambulatory surgical centers, rehabilitation centers, long-term care facilities, and others.
Trends in the End User:
The hospitals segment accounted for the largest market share of 42.18% in 2023.
The homecare settings segment is expected to grow at the fastest CAGR over the forecast period.
The regional segment includes North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
In 2023, North America accounted for the highest market share at 36.85% and was valued at USD 4,062.34 Million and is expected to reach USD 6,414.71 Million in 2031. In North America, the U.S. accounted for the highest share of 68.20% during the base year of 2023.
The North American region is a major market for patient handling equipment, driven by factors such as the increasing prevalence of chronic diseases, and stringent regulations for patient safety and worker well-being. The United States is a major market with a strong focus on technological advancements and innovative product development. Government bodies across the region are also taking the initiative to improve patient and healthcare provider safety.
Additionally, the region's healthcare infrastructure, coupled with a growing emphasis on patient-centered care, has led to a significant requirement for advanced equipment for patient handling. Furthermore, the rising healthcare costs and the need for cost-effective solutions are driving the adoption of equipment for patient handling. By reducing the risk of injuries, improving efficiency, and enhancing patient outcomes, these devices contribute to significant cost savings in the long run. Thus, as per the analysis, a combination of the aforementioned factors and trends is driving the substantial rise in the North American patient handling equipment market share.
Asia Pacific is expected to grow at the fastest CAGR of 7.9% over the forecast period. The region is a rapidly growing market, driven by factors such as increasing geriatric populations, rapidly developing healthcare infrastructure, and growing awareness of patient safety and staff well-being. Countries like China, India, Japan, and South Korea are major contributors to this growth. The region's aging population, coupled with the increasing prevalence of chronic diseases, has led to a surge in the requirement for patient-handling equipment to assist with patient transfers, positioning, and mobility. Additionally, governments in the region are implementing regulations and guidelines to promote safe patient handling practices, further fuelling the patient handling equipment market expansion.
Europe is a significant player in the global patient handling equipment market demand, characterized by the increasing prevalence of chronic diseases and a strong focus on patient safety. Additionally, stringent regulations on patient handling practices and technological advancements in patient handling devices also contribute to market trajectory across the region. Europe boasts a well-established healthcare industry with a large number of hospitals, nursing homes, and rehabilitation centers. These facilities are increasingly adopting advanced equipment for patient handling to improve patient care and reduce the risk of injuries to both patients and healthcare workers. Moreover, the growing requirement for home care also creates the patient handling equipment market opportunity across Europe.
The Middle East and Africa (MEA) region is witnessing notable patient handling equipment market demand characterized by significant potential. The burgeoning healthcare sector in the Middle East is playing a pivotal role in the requirement for this equipment. This includes the establishment of new hospitals, clinics, and specialty centers, among others that heavily rely on equipment for patient handling to improve patient care and reduce the risk of injuries to both patients and healthcare workers. Additionally, the increasing healthcare spending is also contributing to market trends across the region. As healthcare systems in the region continue to modernize, the adoption of innovative patient handling solutions, including electric lifts, transfer slings, and specialized beds, is expected to accelerate.
As per the patient handling equipment market analysis, Latin America presents substantial growth driven by factors such as an aging population, increasing prevalence of chronic diseases, and growing healthcare infrastructure. Countries like Brazil and Mexico, with their large populations and expanding healthcare sectors, are major contributors to this growth. The increasing focus on patient safety and the need to reduce the risk of work-related injuries among healthcare workers are driving the requirement for advanced equipment for patient handling. As healthcare systems in Latin America continue to modernize, the adoption of innovative patient handling solutions, such as electric lifts, transfer slings, and specialized beds, is expected to accelerate. These factors collectively present a promising factor for healthcare providers and manufacturers to develop and deliver innovative patient handling solutions in Latin America.
The Patient Handling Equipment market is highly competitive with major players providing products to the national and international markets. Key players are adopting several strategies in research and development (R&D) and product innovation to hold a strong position in the global Patient Handling Equipment market. Key players in the Patient Handling Equipment industry include-
Product Launch:
Partnership:
Report Attributes | Report Details |
Study Timeline | 2018-2031 |
Market Size in 2031 | USD 17,436.03 Million |
CAGR (2024-2031) | 6.1% |
By Product Type |
|
By Type |
|
By End-User |
|
By Region |
|
Key Players |
|
North America | U.S. Canada Mexico |
Europe | U.K. Germany France Spain Italy Russia Benelux Rest of Europe |
APAC | China South Korea Japan India Australia ASEAN Rest of Asia-Pacific |
Middle East and Africa | GCC Turkey South Africa Rest of MEA |
LATAM | Brazil Argentina Chile Rest of LATAM |
Report Coverage |
|
In 2023, the Patient Handling Equipment market is USD 11,024.00 Million.
North America is the fastest-growing region in the Patient Handling Equipment market.
Product Type, Type, and End User segmentation details are covered in the Patient Handling Equipment market
Stryker (U.S.), Hillrom and Welch Allyn (U.S.) and Invacare Corporation (U.S.) are some of the major players in the market.