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Global Patient Handling Equipment Market: Snapshot

The demand in the global patient handling equipment market is projected to increment at a robust CAGR of 10.4% during the forecast period of 2017 to 2024, gaining traction from a number of factors such as rising geriatric population, high risk of injuries to caregivers as well as the patients during manual handling, increasing incidence of disabilities, and implementation of regulations pertaining to the safety at the healthcare facilities. On the other hand, the lack of skilled professionals to handle these equipment is hindering the market from attaining its true potential. Nevertheless, the vendors operating in the global patient handling equipment market are expected to gain new opportunities from private institutional nursing and the entry of several major players in domestic markets.

As per the estimations of the report, the global patient handling equipment market will be worth US$22.4 bn by the end of 2024, significantly up from its evaluated valuation of US$11.2 bn in 2017. The healthcare industry is currently flourishing in a number of developed and emerging economies, and if the vendors operating in this market can formulate a way to train professionals to operate these equipment, the demand will be ideally met.

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Medical Bed Segment Remains Most Prominent

Based on product-type, the market for patient handling equipment has been segment into wheelchairs, lifting slings, medical beds, ambulatory aids, and shower, bath, and toileting equipment. In 2017, medical bed segment was most profitable, and considering they are mandatory equipment for the caregivers and are readily invested on by the hospitals, the segment is expected to remain the most important throughout the forecast period. Moreover, a number of high-end super-specialty healthcare facilities are coming up, which are willing to invest on the latest products that enable their patients in bathing, walking, and toileting. Financially equipped patients in the urban parts of the world are also driven towards hospitals with modern facility, and thereby providing traction to the medical bed segment of the global patient handling equipment market. Curative care beds, long-term care beds, and psychiatric care beds are some of the sub-segments of the medical beds that are gaining demand across the world.

Europe Remains Highly Profitable Region

From geographical perspective, some of the most important regions for the patient handling equipment market are North America, Europe, and Asia Pacific. Among these, Europe held the leading position in 2017, and is likely to retain its top position throughout the forecast period, owing to robust healthcare infrastructure and government regulations in respective countries. By 2024, the Europe patient handling equipment market is estimated to be worth US$8.0 bn. On the other hand, the region of Asia Pacific, which resides some of the most promising emerging economies such as India, China, and Japan, are expected to turn into highly lucrative region towards the end of the forecast period. Growing popularity of medical tourism is also expected to favor the added demand for patient handling equipment from Asia Pacific.

ArjoHuntleigh (Getinge Group) is identified as the most prominent company currently operating in the global patient handling equipment market, although the report also picks out a few other notable players, such as V.Guldmann A/S, DJO Global, Hill-Rom Holdings, Inc., Invacare Corporation, Etac AB, Joerns Healthcare LLC, Permobil AB, Prism Medical, Stiegelmeyer & Co. GMBH, Stryker Corporation, Patterson Medical Holdings, Inc., and Sunrise Medical LLC.

Patient Handling Equipment Market: Overview

The international market for patient handling equipment market has been prophesized to rise at a robust CAGR rate of 10.4% over the forecast timeframe that extends from 2017 to 2024. Such a growth of the market for patient handling equipment market is primarily due to the rising risk of caregivers’ injury, increasing geriatric population, and also the risk of injury to the patients while handling them manually. Apart from that, other factors such as rising incidences of disabilities, implementation of rules and regulations that pertain to the safety and security at many of the healthcare facilities.

As the report on global patient handling equipment estimates, the said market would be worth around US$ 22.4 bn towards the end of forecast period, i.e. by 2024. The estimated amount at the end of 2024 has substantially risen from an evaluated market valuation of US$11.2 bn in the year 2017. The industry of healthcare is at present thriving in many a number of emerging and developed economies.

Patient Handling Equipment Market: Trends and Opportunities

The international market for patient handling equipment is experiencing many new favorable market options such as the provision of rental that is coming up as a trend in the market amongst those patients who need lifts and slings for a short period of time in the settings of healthcare system. In addition to that, the arrangement for flexible payment option of rent makes providers of rent to manage flow of cash all the year around. These various factors are anticipated to further spearhead the growth of the said market. The drivers that are primarily responsible for the growth of the market include factors such the soaring need for aversion of musculoskeletal injuries that could happen both to the patients and to the care givers owing to physical actions like manual uplifting of patients. In those cases, the said patient handling equipment are regarded as the apt choice to uplift patients in the right way. In addition to that, the savings on manual labor could now be utilized for the procurement of equipment like medical beds that come with assistive technology, patient lifts, and many such types of equipment. Such patient handling equipment eventually diminishes the role that caregivers play in helping patients.

Patient Handling Equipment Market: Geographical Analysis

The market research study on patient handling equipment also comes with regional analysis and segmentations of the said market. In accordance with the said study, the market spreads across the regions of the Middle East and Africa (MEA), North America, Europe, Latin America and Asia Pacific (APAC). Emerging economies such as Sri Lanka, India, and China lack regulatory and legal protocols associated with handling of caregivers and patients. As such, the system of healthcare in these parts of the world can be considered moderately fragmented. The market is marked with the presence of medium and small scale end-users that are devoid of the benefits arising out of patient handling equipment.

However, owing to the political pressures coming out of international bodies that pressurize on improving services of the healthcare segment worldwide, it is prophesized that many countries would now be coming out with new rules and regulations for the progress of healthcare system that centers on patients. These initiatives by various governments are meant for the improvement the standard and quality of patient care and as such the same are anticipated to bolster market growth.

Patient Handling Equipment Market: Company Profiling

Taking vendor landscape into consideration, the market for patient handling equipment can be regarded as moderately fragmented and the market players has been focusing on strategically important moves like partnerships, mergers and acquisitions so as to reinforce their hold on the said market.

The prominent market players that are operating in the world market for patient handling equipment are ArjoHuntleigh (Getinge Group), DJO Global, Invacare Corporation, Patterson Medical, Stryker Corporation, Joerns Healthcare LLC, and Hill-Rom Holdings. The company, ArjoHuntleigh (Getinge Group), is considered as the leading market player in the international market for patient handling equipment in the year 2017.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Devices

  • Laser devices
  • Rotational devices
  • Orbital devices
  • Directional devices

Product Type

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

End User

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

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

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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 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 

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)

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Patient Handling Equipment Market