PUNE, India, May 23, 2016 /PRNewswire/ --
According to a new market research report "Patient Handling Equipment Market by Product (Wheelchair, Scooters, Medical Beds, Bathroom Safety, Mechanical, Ambulatory), Type of Care (Bariatric Care, Critical Care, Wound), Accessories (Lifting, Transfer) & by End User (Home, Hospital) - Forecast to 2021", published by MarketsandMarkets, the patient handling equipment market is expected to reach USD 17.18 Billion by 2021 at a CAGR of 10.5% during the forecast period 2016 to 2021.
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Browse 137 market data tables with 69 figures spread through 201 pages and in-depth TOC on "Patient Handling Equipment Market"
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This report provides a detailed overview of the major drivers, restraints, challenges, opportunities, current market trends, and strategies impacting the patient handling equipment market along with estimates and forecasts of market revenue.
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Factors driving market growth include the increasing incidence of disabilities, growing geriatric population, high risk of injuries to caregivers during manual handling of patients, and the implementation of regulations against manual lifting of heavy loads. On the other hand, the lack of training provided to caregivers is the major market restraint.
In this report, the patient handling equipment market is broadly segmented on the basis of product, type of care, end user, accessory, and region. On the basis of product, the market is divided into wheelchairs and scooters, medical beds, bathroom safety supplies, mechanical equipment, non-mechanical equipment, ambulatory aids, and others (stretchers, hospital furniture, and evacuation equipment, among others). The medical beds segment is expected to account for the largest share of the patient handling equipment market in 2016. Its large share is attributed to the increasing preference for home care (and subsequent purchases of medical beds for home use) due to cuts in healthcare expenditure.
On the basis of end users, the patient handling equipment market is segmented into home care settings, hospitals, elderly care facilities, and other end users (emergency medical services, long-term acute care, trauma centers, and nursing homes). The hospitals segment is expected to dominate the market, while the home care segment is expected to grow at the highest rate. This can be attributed to decreasing healthcare expenditure that has lowered investments in infrastructure and decreased hospital staff, while driving the preference for home care among patients.
On the basis of type of care, the patient handling equipment market is categorized into critical care, bariatric care, fall prevention, wound care, and others (long-term care and acute care). The wound care segment is expected to dominate the patient handling equipment market. Increase in government support for wound management practices is a major factor driving the market growth for this segment.
On the basis of accessories, the patient handling equipment market is segmented into lifting accessories, transfer accessories, evacuation accessories, medical bed accessories, and others (toilet seat risers, bathtub transfer benches, handheld showers, walker trays, walker platform attachments, and folding walker pouches). Lifting accessories are expected to account for the largest share of the accessories market. This share can be attributed to the increasing number of patients requiring assistance during transfers or relocation.
Europe is expected to account for largest share of the patient handling equipment market in 2016, and North America is estimated to grow at the highest rate. Factors such as the increasing incidences of non-communicable diseases leading to disability and government regulations mandating the use of patient handling equipment are driving the growth of the North American market. The growth of the Asia-Pacific region is propelled by factors such as rapidly growing patient handling industry and government efforts to maintain the high quality of products manufactured in the region.
Major players in this market include Stryker Corporation (U.S.), Hill-Rom Holdings, Inc. (U.S.), Invacare Corporation (U.S.), and Getinge Group (Sweden).
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