The Report “Patient Handling Equipment Market by Product (Wheelchair, Scooter, Beds, Bathroom Safety, Mechanical, Ambulatory), Type of Care (Bariatric, Fall, Critical, Wound), Accessories (Lifting, Transfer) & End User (Home Care, Hospital) - Global Forecast to 2019”, the global patient handling equipment market will reach $14,227.1million by 2019 growing at a 10.7% CAGR during the forecast period (2014–2019).
Browse 41 market data tables and 51 figures spread through 150 pages and in-depth TOC on “Patient Handling Equipment Market”
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The overall patient handling equipment market will be valued at $8,558.1 million in 2014 and is poised to grow at a healthy double digit CAGR. The market is driven by increasing geriatric population which is further propelling need of patient handling equipment, government policies that are promoting the use of handling equipment, increasing incidences of lifestyle diseases, and technological advancements. However factors restraining the market include challenges to bariatric care patients. The most fruitful segment for the patient handling accessories includes private nursing institutions, geriatric care homes where the demand for the patient handling accessories will be high.
On the basis of products, the market is further segmented into wheelchair and scooters, medical beds, bathroom safety supplies, mechanical equipment, non-mechanical equipment, ambulatory aids and others. The largest market share was captured by medical beds whereas non mechanical was the fastest growing products with a double digit CAGR.
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The type of care is segmented into bariatric care, fall prevention, critical care, wound care and others. Wound care market will occupy the largest market share in 2014. The factors driving this market include diseases like diabetes foot ulcers and the rising prevalence of lifestyle diseases.
With respect to end users, the patient handling equipment market is segregated into home care, hospital, elderly care and others. In 2014 hospitals will account for the largest market share, however home care segment will be the fastest growing segment. The prime factors attributing to growth of this market include increase in geriatric patients, lifestyle diseases among others.
The accessories segment is further segregated into lift accessories, transfer accessories, evacuation accessories, stretcher accessories and medical bed accessories. In 2014 lifting accessories accounted for highest market however transfer accessories will be fastest growing segment.
Geographic analysis reveals that Europe will account for a largest share in 2014 and will grow at a high CAGR from 2014 to 2019. North America will account for the second largest market share in 2014. The North American market holds immense potential for growth in the forecast period as the market is still unexplored to its full potential. APAC will grow with the healthy CAGR in forecast period.
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The key players in patient handling equipment market include Stryker Inc (U.S.), Hill-Rom Inc.(U.S.), ArjoHuntleighInc(Sweden),, Guldmann Inc.(Denmark), Invacare Corporation(U.S.), Linet Inc.(Czech republic), Stiegelmeyer Inc. (Germany), Joerns healthcare(U.S.), Handicare Inc.(Norway) and Prism Medical (U.S.)
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