Global Patient Handling Equipment Market is Projected to Reach USD 13.9 billion by 2026

The growth of Patient Handling Equipment market is primarily driven by the rising geriatric and obese populations, high risk of injuries to caregivers during the manual handling of patients, growing patient admissions in hospitals, and the implementation of regulations ensuring the safety of healthcare personnel during the manual lifting process. However, a lack of training provided to caregivers for the efficient operation of patient handling equipment is a major factor restraining market growth. Therefore, The global Patient Handling Equipment Market is projected to reach USD 13.9 billion by 2026 from USD 12.4 billion in 2021, at a CAGR of 2.3% during the forecast period.

Depending on the end-user, The patient handling equipment market is segmented into hospitals, home care settings, and other end users. In 2020, the hospital's segment accounted for the largest share of the patient handling equipment market. This can be attributed to the growing patient population, rising geriatric population, a growing number of disabled people, and the rising number of injuries caused during the patient handling process.  

Depending on the type, the patient handling equipment market is segmented into mobility devices, medical beds, bathroom & toilet assist equipment, patient transfer devices, and stretchers & transport chairs. In 2020, the patient transfer devices segment accounted for the largest share of the patient handling equipment market. The large share of this segment can primarily be attributed to the increasing installation of ceiling lifts in hospitals and the growing adoption of patient lifts for bariatric patient handling.

The key players operating in the patient handling equipment market include Hill-Rom Holdings (US), Arjo (Sweden), Invacare Corporation (US) and Stryker (US). The large share of this regional segment is attributed to the growing number of government and non-government initiatives regarding the adoption of safe patient handling equipment and the presence of a large number of patient handling equipment manufacturers in Europe. The Asia Pacific market is projected to register the highest CAGR during the forecast period. Market growth in the Asia Pacific is attributed to the growing number of healthcare facilities in Asian countries.  

The report is a compilation of comprehensive research studies on various aspects of the global patient handling equipment market. With accurate data and highly authentic information, it makes a brilliant attempt to provide a real, transparent picture of current and future situations of the global patient handling equipment market. Market participants can use this powerful tool when creating effective business plans or making important changes to their strategies. The patient handling equipment market report discusses the growth of the global as well as regional markets.

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