21-Aug-2019 | Zion Market Research
Zion Market Research has published a new report titled “Patient Handling Device Market By Product (Wheelchairs, Medical Beds, Lifting Slings, Bathroom Safety Supplies, Transfer Equipment, and Ambulatory Aids), By Application (Long-Term Care, Acute and Critical Care, Fall Prevention, and Mobility Assistance), and By End-User (Hospitals, Home Healthcare, Rehabilitation, and Assisted Living Facilities): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global patient handling device market was valued USD 12.41 billion in 2018 and is expected to generate around USD 25.42 billion by 2025, growing at a CAGR of around 10.8% between 2019 and 2025.
Patient handling devices are used in hospitals and homecare for taking care of patients before and after surgery. They are used for handling patients who are not completely alert, due to illness or medication. They are also used for patients who cannot follow directions and need physical assistance due to any critical or severe illness. Increase in the elderly population base combined with a high risk of chronic diseases will drive the patient handling device market in the future. Significant growth of the geriatric population, high adoption of technological advancements for patient handling are expected to create new growth opportunities in the patient handling device market. High adoption of technological advancements, increased product lifecycle, and rise in the number of government initiatives are also driving the patient handling device market.
Browse the full “Patient Handling Device Market By Product (Wheelchairs, Medical Beds, Lifting Slings, Bathroom Safety Supplies, Transfer Equipment, and Ambulatory Aids), By Application (Long-Term Care, Acute and Critical Care, Fall Prevention, and Mobility Assistance), and By End-User (Hospitals, Home Healthcare, Rehabilitation, and Assisted Living Facilities): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/patient-handling-device-market
The patient handling device market is divided on the basis of product, application, and end-user. By product, the market for patient handling device is fragmented into lifting slings, wheelchairs, medical beds, transfer equipment, ambulatory aids, and bathroom safety supplies. Medical beds are expected to dominate the market in the future, owing to the increasing healthcare infrastructural developments, growing geriatric population base, rising healthcare expenditure, and an escalating number of private healthcare facilities and advanced hospital bed solutions.
By application, the patient handling device market is segmented into mobility assistance, long-term care, fall prevention, and acute and critical care. Mobility assistance dominated the patient handling equipment market with a share of about 28.3% in 2018, due to the increasing automation in mobility products and the increasing role of both online and offline distribution channels.
Based on end-user, the market is divided into assisted living facilities, rehabilitation, hospitals, and home healthcare. Hospitals dominated the market with the highest share in 2018, due to the increasing adoption of technological advancements for patient handling and rising per capita disposable income globally.
In 2018, North America dominated the patient handling device market, owing to a considerable rise in the number of surgeries, particularly in the U.S. The advanced healthcare schemes listed by government agencies, presence of a large aging population, and rising number of surgeries are also boosting this regional market’s growth. Nearly, 20-50 million are seriously injured in road accidents daily all over the world. India currently has the worst road accident rate in the entire Asia Pacific region. Considering the surge in the number of car accidents in countries like China, India, and Japan, the Asia Pacific patient handling device market will register notable growth.
Some major players involved in the global patient handling device market are Stryker Corporation, Handicare, Prism Medical, Linet, Mangar International, Invacare Corporation, Guldmann, Benmor Medical, ETAC Limited, and Joerns Healthcare.
This report segments the global patient handling device market into:
Global Patient Handling Device Market: By Product
Global Patient Handling Device Market: By Application
Global Patient Handling Device Market: By End-User
Global Patient Handling Device Market: By Region
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