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Published Date: 2016-06-07Number of Pages: 108

Patient Handling Equipment Market (Product Type - Lifting Slings, Wheelchairs, Medical Beds, Ambulatory Aids, Shower, Bath and Toileting Equipment; End-user - Hospital, Nursing Home, Assisted Living Facility, Home Healthcare) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

Global Patient Handling Equipment Market: Snapshot 

The global market for patient handling equipment is expected to witness a significant growth in the next few years. The rising awareness among caregivers regarding the advantages of using these equipment to ensure safety is predicted to encourage the overall growth of the market in the next few years. In addition, technological advancements and rising focus on the development of new products are projected to accelerate the growth of the patient handling equipment market. 

According to the research study, in 2015, the global market for patient handling equipment was valued at US$9.5 bn. The market is projected to reach a value of US$22.4 bn by the end of 2024, registering a progressive 10.20% CAGR between 2016 and 2024. 

Increasing Programs for Advanced Nursing to Encourage Market Growth 

A tremendous rise in geriatric population worldwide and the rising incidence of several disabilities due to non-communicable diseases are some of the vital factors that are projected to fuel the growth of the global patient handling equipment market. In addition, the rising risks of injuries to caregivers while handling patients is predicted to boost the demand for patient handling equipment in the coming years. 

On the flip side, the lack of training that is to be provided to caregivers in order to ensure efficient operation of patient handling equipment is likely to restrict the growth of the overall market in the coming years. Moreover, several issues related to the handling of bariatric patients are anticipated to hamper the market’s growth in the near future. Nonetheless, the emergence of private institutional nursing and the entry of several prominent players are predicted to accelerate the growth of the patient handling equipment market in the next few years. 

Developing Medical Tourism Sector to Generate Promising Opportunities in Asia Pacific 

From a geographical perspective, in the last few years, Europe led the global patient handling equipment market and accounted for a large share. This region is likely to retain its leading position throughout the forecast period. However, the Asia Pacific market for patient handling equipment is estimated to register a robust growth rate in the next few years. The rising popularity of medical tourism and the growing pool of patients are the key factors that are estimated to encourage the growth of this segment in the next few years. 

Furthermore, the patient handling equipment market is expected to experience a healthy growth throughout the forecast period in the Middle East and Africa and Latin America. The improving lifestyle of consumers and the rising preference of consumers to spend on healthcare are some of the major factors that are predicted to encourage the growth of these two regions in the next few years. However, the high cost of equipment is considered to act as a key challenge, especially in developing and under-developed economies. 

Introduction of New Products to Create Lucrative Opportunities 

The key players in the global patient handling equipment market are emphasizing on innovations in order to attract a large number of consumers worldwide. Wheelchairs, bath, shower, and toileting equipment, lifting slings, ambulatory aids, and medical beds are some of the leading products of the market. The expansion of the application base is predicted to generate promising growth opportunities over the forecast period. This is expected to benefit the market players in enhancing their presence and gain a competitive advantage in the coming years. 

Some of the leading players operating in the patient handling equipment market around the world are Continental Manufacturing Chemist, Inc., Bayer AG, Vallée S.A., Nicosia International, Merial, M.B.D. Marketing (S) Pte Ltd., Indian Immunologicals Ltd., Elanco Animal Health, Inc., Merck Animal Health, and Zoetis, Inc.

Table of Content

1. Preface
    1.1. Report Description
    1.2. Market Segmentation
    1.3. Research Methodology
    1.4. Assumptions

2. Executive Summary
    2.1. Global Patient Handling Equipment Market Share, by Geography, 2014–2023 (Value %)
    2.2. Market Snapshot: Global Patient Handling Equipment Market
    2.3. Introduction: Global Patient Handling Equipment Market, 2016–2024
    2.4. Global Patient Handling Equipment Market, by Product Type, 2016–2024  (US$ Mn)
    2.5. Global Patient Handling Equipment Market, by End User Type, 2016–2024 (Value %)

3. Global Patient Handling Equipment Market – Market Overview
    3.1. Introduction
    3.2. Market Dynamics
          3.2.1. Market Drivers
          3.2.2. Restraints
          3.2.3. Opportunity
          3.2.4. Regulatory Framework 
          3.2.5. Global Trend Analysis: Key Pointers
    3.3. Porter’s Five Forces Analysis: Global Patient Handling Equipment Market
    3.4. Market Attractiveness Analysis: Global Patient Handling Equipment Market
    3.5. Competitive Landscape, Global Patient Handling Equipment Market, 2015

4. Market Segmentation – By Product Type
    4.1. Introduction
    4.2. Global Lifting Slings Market Revenue & Volume Analysis, by Product, (US$ Mn & No. of Units), 2014–2024
    4.3. Global Wheelchairs Market Revenue & Volume Analysis, by Product, (US$ Mn & No. of Units), 2014–2024
    4.4. Global Medical Beds Market Revenue & Volume Analysis, by Product, (US$ Mn & No. of Units), 2014–2024
    4.5. Global Medical Beds Market Revenue, 2014–2024(US$ Mn)
    4.6. Global Ambulatory Aids (Walkers, Cranes and Crutches) Market Revenue & Volume Analysis, by Product, (US$ Mn & No. of Units), 2014–2024
    4.7. Global Shower, Bath & Toileting Equipment Market Revenue & Volume Analysis, by Product, (US$ Mn & No. of Units), 2014–2024
    4.8. Global Others Market Revenue & Volume Analysis, by Product, (US$ Mn & No. of Units), 2014–2024 

5. Market Segmentation – By End Users
    5.1. Global Patient Handling Equipment Market Revenue, by End Users, (US$ Mn), 2014 – 2024
    5.2. Global Patient Handling Equipment Market Revenue, by Hospitals, (US$ Mn), 2014 – 2024
    5.3. Global Patient Handling Equipment Market Revenue, by Nursing Homes, (US$ Mn), 2014 – 2024
    5.4. Global Patient Handling Equipment Market Revenue, by Assisted Living Facilities, (US$ Mn), 2014 – 2024
    5.5. Global Patient Handling Equipment Market Revenue, Home Healthcare, (US$ Mn), 2014 – 2024
    5.6. Global Patient Handling Equipment Market Revenue, by Other End Users, (US$ Mn), 2014 – 2024

6. Market Segmentation – By Geography
    6.1. Introduction
          6.1.1. Global Patient Handling Equipment Market Revenue, by Geography, 2014–2024(US$ Mn)
    6.2. North America Patient Handling Equipment Market Revenue, by Country, 2014–2024(US$ Mn)
          6.2.1. U.S.
          6.2.2. Canada
    6.3. Europe Patient Handling Equipment Market Revenue, by Country, 2014–2024(US$ Mn)
          6.3.1. Germany
          6.3.2. U.K
          6.3.3. Rest of Europe
    6.4. Asia Pacific Patient Handling Equipment Market Revenue, by Country, 2014–2024(US$ Mn)
          6.4.1. Japan
          6.4.2. India
          6.4.3. Rest of Asia Pacific
    6.5. Rest of the World Patient Handling Equipment Market Revenue, by Country, 2014–2024(US$ Mn)
          6.5.1. Latin America
          6.5.2. Middle East Patient Handling Equipment Market Revenue, 2014–2024(US$ Mn)

7. Recommendations

8. Company Profiles
    8.1. ArjoHuntleigh (Getinge Group)
    8.2. DJO Global
    8.3. Etac AB
    8.4. Hill-Rom Holdings, Inc.
    8.5. Invacare Corporation
    8.6. Joerns Healthcare LLC
    8.7. Patterson Medical Holdings, Inc.
    8.8. Prism Medical
    8.9. Stiegelmeyer & Co. GMBH
    8.10. Stryker Corporation
    8.11. Sunrise Medical LLC.    
    8.12. V.Guldmann A/S

List of Figures

FIG. 1 Global Patient Handling Equipment Market Revenue, by Product, (US$ Mn), 2015
FIG. 2 Global Patient Handling Equipment Market Share, by End User Type, (Value%), 2015
FIG. 3 Global Patient Handling Equipment Market Share, by End User Type, (Value%), 2024
FIG. 4 Porter’s Five Forces Analysis: Global Patient Handling Equipment Market 
FIG. 5 Market Attractiveness Analysis, by Geography, (CAGR%), (2015)
FIG. 6 Market Share Analysis: Global Patient Handling Equipment Market, by Key Players, 2015 (Value %)
FIG. 7 Global Lifting Slings Market Revenue, by Product, (US$ Mn), 2014–2024
FIG. 8 Global Lifting Slings Market Volume, by Product, (No. of Units), 2014–2024
FIG. 9 Global Wheelchairs Market Revenue, (US$ Mn), 2014–2024
FIG. 10 Global Wheelchairs Market Volume, (US$ Mn), 2014–2024
FIG. 11 Global Medical Beds Market Revenue, (US$ Mn), 2014–2024
FIG. 12 Global Medical Beds Market Volume, (No. of Units) 2014–2024
FIG. 13 Global Ambulatory Aids (walkers crutches and canes) Market Revenue, (US$ Mn), 2014–2024
FIG. 14 Global Ambulatory Aids (walkers crutches and canes) Market Volume, (No. of Units), 2014–2024
FIG. 15 Global Shower, Bath & Toileting Equipment Market Revenue, (US$ Mn), 2014–2024
FIG. 16 Global Shower, Bath & Toileting Equipment Market Volume, (No. of Units), 2014–2024
FIG. 17 Global Others (transfer & positioning aids, patient lifts etc.) Market, 2014–2024 (US$ Mn)
FIG. 18 Global Others (e.g. transfer & positioning aids, patient lifts etc.) (No. of Units), 2014–2024
FIG. 19 Global Hospitals Market Revenue, (US$ Mn), 2014–2024
FIG. 20 Global Nursing Homes Market Revenue, (US$ Mn), 2014–2024
FIG. 21 Global Assisted Living Facilities Market Revenue, (US$ Mn), 2014–2024
FIG. 22 Global Home Health Care Market Revenue, (US$ Mn), 2014–2024
FIG. 23 Global Other End-users Market Revenue, (US$ Mn), 2014–2024
FIG. 24 U.S. Patient Handling Equipment Market Revenue (US$ Mn), 2014–2024
FIG. 25 Germany Patient Handling Equipment Market Revenue (US$ Mn), 2014–2024
FIG. 26 U.K. Patient Handling Equipment Market Revenue (US$ Mn), 2014–2024
FIG. 27 Rest of Europe Patient Handling Equipment Market Revenue (US$ Mn), 2014–2024
FIG. 28 Japan Patient Handling Equipment Market Revenue (US$ Mn), 2014–2024
FIG. 29 India Patient Handling Equipment Market Revenue (US$ Mn), 2014–2024
FIG. 30 Rest of Asia Pacific Patient Handling Equipment Market Revenue (US$ Mn), 2014–2024
FIG. 31 Latin America Patient Handling Equipment Market Revenue (US$ Mn), 2014–2024
FIG. 32 Middle East & Africa Handling Equipment Market Revenue (US$ Mn), 2014–2024
FIG. 33 ArjoHuntleigh (Getinge Group, Annual Revenue, 2013–2015 (US$ Mn)
FIG. 34 DJO Global, Annual Revenue, 2013–2015 (US$ Mn)
FIG. 35 V.Guldmann A/S, Annual Revenue, 2013–2015 (US$ Mn)
FIG. 36 Hill-Rom Holdings, Inc., Annual Revenue, 2013–2015 (US$ Mn)
FIG. 37 Etac AB, Annual Revenue, 2013–2015 (US$ Mn)
FIG. 38 Invacare Corporation, Annual Revenue, 2013–2015 (US$ Mn)
FIG. 39 Joerns Healthcare LLC, Annual Revenue, 2013–2015 (US$ Mn)
FIG. 40 Patterson Medical Holdings, Inc. , Annual Revenue, 2013–2015 (US$ Mn)
FIG. 41 Permobil AB, Annual Revenue, 2013–2015 (US$ Mn)
FIG. 42 Prism Medical, Annual Revenue, 2013–2015 (US$ Mn)
FIG. 43 Stiegelmeyer & Co. GMBH, Annual Revenue, 2013–2015 (US$ Mn)
FIG. 44 Stryker Corporation, Annual Revenue, 2013–2015 (US$ Mn)
FIG. 45 Sunrise Medical LLC, Annual Revenue, 2013–2015 (US$ Mn)

List of Tables

TABLE 1 Patient Handling Equipment Market Snapshot: 2014
TABLE 2 Global Patient Handling Equipment Market Revenue, by Product, (US$ Mn), 2014–2024
TABLE 3 Global Patient Handling Equipment Market Revenue, by End-user (US$ Mn), 2014–2024
TABLE 4 Global Patient Handling Equipment Market Revenue, by Geography, 2014–2024(US$ Mn)
TABLE 5 North America Patient Handling Equipment Market Revenue, by Country, 2014–2024(US$ Mn)
TABLE 6 Europe Patient Handling Equipment Market Revenue, by Country, 2014–2024(US$ Mn)
TABLE 7 Asia Pacific Patient Handling Equipment Market Revenue, by Country, 2014–2024(US$ Mn)
TABLE 8 Rest of the World Patient Handling Equipment Market Revenue, by Region, (US$ Mn), 2014–2024 

This report analyzes the current and future prospects of the patient handling equipment market across the globe during the forecast period from 2016 to 2024.The research is a robust combination of primary and secondary research. Primary research formed the bulk of our research efforts with information collected from telephonic interviews and interactions via e-mails. Secondary research involved study of company websites, annual reports, press releases, stock analysis presentations, and various international and national databases. The report provides market size in terms of US$ Mn, volume (No. of Units), and compound annual growth rate (CAGR %) for each product segment during the forecast period from 2016 to 2024, considering 2014 and 2015 as base years.

The report also includes market size in terms of US$ Mn for end user and geography segment considering the macro and micro environmental factors. Growth rates for each segment within the global patient handling equipment market have been determined after a thorough analysis of past trends, demographics, future trends, technological developments, and regulatory requirements. The market report comprises an elaborate executive summary, which includes a market snapshot that provides information about various segments and sub-segments of the market. It also provides information and data analysis of the global patient handling equipment market with respect to market segments based on the product type, end user type and geographic analysis. Based on product type, the global patient handling equipment market has been segmented into lifting slings, wheelchairs, lifting slings, wheelchairs, medical beds, ambulatory aids, shower, bath and toileting equipment, and others (patient lifts, transfer assists, lateral and repositioning devices, patient turners, leg lifters, transfer poles etc.).

Based on end users, the global patient handling equipment market has been segmented into hospital, nursing home, assisted living facility, home healthcare and others (trauma center, rehabilitation and paramedical service center). Market size estimations involved in-depth study of product features of different types of patient handling equipment. Additionally, market related factors such as increasing preference for technologically advanced equipment’s, product innovation and growing number of acute and chronic patients with neuromuscular diseases and degenerative disorders in various geographies and historical year-on-year growth have been taken into consideration while estimating the market size.

Furthermore, based on geography, the market has been analyzed into major regions, namely, North America, Europe, Asia-Pacific, and Rest of the World (RoW). The market size and forecast for each of these regions has been provided for the period from 2014 to 2024, along with their respective CAGRs for the forecast period from 2016 to 2024, considering 2014 and 2015 as base years. The report also provides with market size and forecast for select countries in the respective regions, namely, the U.S., Canada, U.K., Germany, Japan, India, Latin America, and Middle East & Africa. A detailed qualitative analysis of factors responsible for driving and restraining the market growth and future opportunities has been provided in the market overview section. This section of the report also provides with market attractiveness analysis, providing a thorough analysis of the overall competitive scenario in the global patient handling equipment market.

A list of recommendations has been provided for new entrants as well as existing market players to assist them in taking strategic initiatives to establish a strong presence in the market. The report also profiles major players in the market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments. The global patient handling equipment market is highly fragmented marked by the presence of global companies as well as local manufacturers operating in this space. Some of the key players in the global patient handling market include

The global patient handling equipment market has been segmented as follows:

Patient Handling Equipment Market, by Product Type

  • Lifting Slings
  • Wheelchairs
  • Medical Beds
  • Ambulatory Aids
  • Shower, Bath and Toileting Equipment
  • Others

Patient Handling Equipment Market, by End User

  • Hospital
  • Nursing Home
  • Assisted Living Facility
  • Home Healthcare
  • Others (Trauma, Rehabilitation & Paramedical Centers)

Patient Handling Equipment Market, by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • India
    • Rest of Asia Pacific
  • Rest of the World
    • Latin America
    • Middle East & Africa


 
 
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