The “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” provides a detailed overview of the major drivers, restraints, challenges, opportunities, current market trends, and strategies impacting the global patient handling equipment market along with the estimates and forecasts of the revenue and share analysis.
The global patient handling equipment market is estimated to reach $14,227.1 million in 2019. The factors driving this market are growing elderly population, government policies encouraging the use of patient handling equipment, rising incidences of lifestyle diseases resulting in increased disabilities, and technological advancements. Factors limiting the market include lack of professional who are trained enough and have skills to leverage benefits of safe patient handling and lack of ample number of handling equipment in healthcare institutions.
Browse 41 market data tables and 51 figures spread through 150 pages and in-depth TOC on “Patient Handling Equipment Market”
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.
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Europe will command the largest share in the patient handling equipment market in 2014 and is expected to grow at healthy CAGR from 2014 to 2019. The growth driver for European market is its technological advancement in safe patient handling. Moreover, the evolution started in Europe in the last decade providing it the added advantage. North America accounted for second largest market share in 2014 and will be the main focus of the market in coming five years that will register high growth rates for all the segments. APAC on the other hand will grow at a healthy pace in the forecast period.
The key players in this market include Stryker Inc(U.S.), Hill-Rom Inc.(U.S.), Arjo HuntleighInc(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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