Global Patient Handling Equipment Market Expected to Grow at 10.5% CAGR During 2016 - 2022: P&S Market Research

29 Sep, 2016, 07:30 ET from P&S Market Research

NEW YORK, September 29, 2016 /PRNewswire/ --

According to market research "Global Patient Handling Equipment Market Size, Share, Development, Growth and Demand Forecast to 2022 - Industry Insights by Product Type (Wheelchairs & Scooters, Medical Beds, Bathroom Safety Supply, Ambulatory Aids, Mechanical Equipment, Non-Mechanical Equipment, Others), by Type of Care (Critical Care, Bariatric Care, Fall Prevention, Wound Care, Others), by End-User (Hospitals, Home Healthcare, Elderly Care Facilities, Others)" by P&S Market Research, the global patient handling equipment market was valued at $9,515.9 million in 2015 and it is expected to grow at a CAGR of 10.5% during 2016-2022. Among the various end users of patient handling equipment, the home healthcare segment is expected to witness the fastest growth, a CAGR of 11.0% during the forecast period.

The global patient handling equipment market is growing at a significant rate due to increasing healthcare expenditure, increasing risk of injuries to caregivers during patient handling and growing geriatric population. The increasing prevalence of chronic diseases and advancements in technology has led to the development of easy to handle and powered patient handling equipment. And the improving healthcare infrastructure in developing countries are also driving the growth of the global patient handling equipment market.

Explore Full Report on "Global Patient Handling Equipment Market" at: https://www.psmarketresearch.com/market-analysis/patient-handling-equipment-market

Patient handling equipment are equipment used for safely moving or supporting a patient or any of his body part. The equipment improves working conditions of caregivers by reducing biomechanical overload risk, work-related injury and requires high amount of care and skill technique. In addition, the equipment improves quality of patient care and account for patient safety. The factors such as lack of training provided to caregivers for efficient operation of equipment and difficulty in handling bariatric patients are inhibiting the growth of the global market.

Geographically, Europe dominated the global market of patient handling equipment in 2015; whereas the North American market is expected to witness the fastest growth, a CAGR of 11.0% during the forecast period. This is due to the high awareness among caregivers for safe patient handling and stringent regulations in the region.

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Some of the key companies operating in the global patient handling equipment market include Stryker Corporation, Hill-Rom Holdings Inc., Invacare Corporation, Getinge Group, Prism Medical Ltd., Guldmann Inc., LINET Group SE, Joerns Healthcare LLC, Stiegelmeyer-Group, and Handicare.

GLOBAL PATIENT HANDLING EQUIPMENT MARKET SEGMENTATION 

By Product 

  • Medical Bed
  • Mechanical Equipment
  • Wheelchair & Scooter
  • Bathroom Safety Supply
  • Non-Mechanical Equipment
  • Ambulatory Aids
  • Others

By Type of Care 

  • Wound Care
  • Fall Prevention
  • Critical Care
  • Bariatric Care
  • Others

By End User 

  • Hospital
  • Home Healthcare
  • Elderly Care Facility
  • Others

By Geography 

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • Rest of Asia-Pacific
  • Rest of the World (RoW)

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SOURCE P&S Market Research