Patient Handling Equipment Market Share - Industry Analysis, Trends, Top Manufacturers, Product, Growth, Opportunities & Forecast to 2024
Category: #health  By Ashwin Naphade  Date: 2019-08-08
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Patient Handling Equipment Market Share - Industry Analysis, Trends, Top Manufacturers, Product, Growth, Opportunities & Forecast to 2024

Market Study Report LLC adds new research on Patient Handling Equipment market, which is a detailed analysis of this business space inclusive of the trends, competitive landscape, and the market share. Encompassing one or more parameters among product analysis, application potential, and the regional growth landscape, Patient Handling Equipment market also includes an in-depth study of the industry’s competitive scenario.

Germany dominated European region with market share of 22.2% during 2017. High growth rate is attributable to rising number of disabled people. According to German Federal Statistical Office, in 2017, around 7.8 million German people were living with severe disabilities. Growing burden of disabled people across the projected timeframe will favor regional growth in the future.

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Patient Handling Equipment Market will exceed USD 23 billion by 2024; as per a new research report. Increasing burden of disabled population will escalate demand for patient handling equipment. According to World Health Organization (WHO), about 15% of the world population lives with some form of disabilities. Disabled people require patient handling equipment for their activities of daily living. Increasing number of disabled people will drive industry growth during the forecast period.

Rising geriatric population will drive patient handling equipment market growth in upcoming years. Elderly people are more prone to injuries due to falling as their frailty level is high. Aging population coupled with increasing incidence of injury due to falling will drive the need for patient handling equipment, thereby fostering industry growth.

Mobility assistance segment contributed to largest revenue of USD 3,123.8 million in 2017 owing to rising prevalence of obesity. According to World Health Organization (WHO), about 1.9 billion adults were overweight in 2016. Increasing burden of obesity will escalate demand for patient handling equipment that assist in mobility of patients in healthcare centers, thus propelling segmental growth.

Hospitals segment accounted for largest revenue of USD 5,119.7 million in 2017. High growth rate is attributable to presence of technologically advanced patient handling equipment. Availability of well-trained and skilled healthcare personnel offering care to geriatric and disabled patients will support segmental growth during the projected timeframe.

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Japan dominated Asia Pacific region with market share of 38.5% in 2017, owing to increasing burden of geriatric population. As per Internal Affairs Ministry survey, about 2.06 million people in Japan aged above 90 years and approximately 11.9% people aged above 60 years. Large number of geriatric populaces will lead to increased demand for patient handling equipment, favoring regional growth in the forecast timeline.

Medical beds segment accounted for largest revenue of USD 2,961.1 million in 2017. Availability of wide range of medical beds for different application such as labor management, treating patients suffering from dementia are major factors for its growth. Improved design to provide maximum comfort to patients will favor segmental growth in the future.

Prominent industries involved in patient handling equipment market are Besco Medical Co., Ltd, Getinge AB, Hill-Rom Holdings, Inc., Invacare Corporation, Malvestio S.P.A., Medline Industries, Inc., Paramount Bed Co., Ltd., Span-America Medical Systems, Inc. and Stryker. These prominent business players focus on strategies such as mergers, new product launch and acquisitions to strengthen market position. For instance, in July 2015, Stryker announced acquisition of Muka Metal, A.S., a developer of medical beds, stretcher and other equipment. This acquisition will enable the company to expand its geographic outreach and broaden its product portfolio for long-term growth in future.

Table of Content:

Chapter 1.  Methodology

 1.1. Methodology

 1.2. Market definitions

 1.3. Forecast parameters

 1.4. Data sources

 1.4.1.  Secondary

 1.4.1.1. Paid sources

 1.4.1.2. Unpaid sources

 1.4.2.  Primary

 Chapter 2.  Executive Summary

 2.1. Patient handling industry 360 degree synopsis, 2013 - 2024 (USD Million)

 2.1.1.  Business trends

 2.1.2.  Product trends

 2.1.3.  Application trends

 2.1.4.  End-use tends

 2.1.5.  Regional trends

 Chapter 3.  Patient Handling Equipment Industry Insights

 3.1. Industry segmentation

 3.2. Industry landscape, 2013 - 2024

 3.3. Industry impact forces

 3.3.1.  Growth drivers

 3.3.1.1.  Escalating incidence of disabilities

 3.3.1.2.    Rising geriatric population

 3.3.1.3.  Risk of injuries to caregivers during manual handling of patients

 3.3.1.4. Implementation of regulations ensuring safety of healthcare personnel against manual lifting of patients

 3.3.2.  Industry pitfalls & challenges

 3.3.2.1. Insufficient training provided to caregivers to operate patient handling equipment

 3.3.2.2. Difficulties in manual handling of bariatric patients

 3.4. Growth potential analysis

 3.4.1.  By product

 3.4.2.  By application

 3.4.3.  By end-use

 3.5. Regulatory landscape

 3.5.1.  U.S.

 3.5.2.  Europe

 3.6.  Porter's analysis

 3.7.  Competitive landscape, 2017

 3.7.1.  Strategy dashboard

 3.8.  PESTEL analysis

 Chapter 4.  Patient Handling Equipment Market, By Product

 4.1. Key segment trends

 4.2. Wheelchairs and scooters

 4.2.1.  Market size, by region, 2013-2024 (USD Million)

 4.3. Medical beds

 4.3.1.  Market size, by region, 2013-2024 (USD Million)

 4.4. Bathroom safety supplies

 4.4.1.  Market size, by region, 2013-2024 (USD Million)

 4.5. Mechanical and transfer equipment

 4.5.1.  Market size, by region, 2013-2024 (USD Million)

 4.6. Ambulatory aids

 4.6.1.  Market size, by region, 2013-2024 (USD Million)

Chapter 5.  Patient Handling Equipment Market, By Application

Chapter 6.  Patient Handling Equipment Market, By End-Use

Chapter 7.  Patient Handling Equipment Market, By Region

Chapter 8.  Patient Handling Equipment Market Company Profiles

For more information on this report at: https://www.marketstudyreport.com/reports/patient-handling-equipment-market/?utm_source=reportsgo.com-SP     

Related Report:

Global and Chinese Safe Patient Handling Equipment Industry, 2018 Market Research Report

Global and Chinese Safe Patient Handling Equipment Industry, 2013-2023 Market Research Report' is a professional and in-depth study on the current state of the global Safe Patient Handling Equipment industry with a focus on the Chinese market. The report provides key statistics on the market status of the Safe Patient Handling Equipment manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.

https://www.marketstudyreport.com/reports/global-and-chinese-safe-patient-handling-equipment-industry-2018-market-research-report?utm_source=RR-SP

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About Author

Ashwin Naphade    

Ashwin Naphade

Ashwin is into digital marketing since the last 2 years and has worked on multiple projects across various industries. He likes posting information and knowledge on multiple topics with an objective to create online visibility as well as share his inputs. His interest...

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