Global Patients handling equipment market was is expected to reach USD 17.10 billion by 2021, growing at a CAGR of around 10.0% between 2016 and 2021.
The report covers forecast and analysis for the patients handling equipment market on a global and regional level. The study provides historic data of 2015 along with a forecast from 2016 to 2021 based on revenue (USD Billion). The study includes drivers and restraints for the patients handling equipment market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the patients handling equipment market on a global level.
This report offers comprehensive coverage on global patients handling equipment market along with, market trends, drivers, and restraints of patients handling equipment market. This report includes a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s five forces model for the patients handling equipment market has also been included. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness. This report is prepared by using data sourced from in-house databases, secondary and primary research team of industry experts. Research analysts and consultants cooperate with leading companies of the concerned domain to verify every value of data exists in this report.
The study provides a decisive view on the patients handling equipment market by segmenting the market based on product type, end-user, and regions. All these segments have been analyzed based on present and future trends and the market is estimated from 2015 to 2021. The product type market covered under this study includes bed frames, stretchers, wheelchairs & scooters, patient lifts and others. The end user based market covered under this study includes hospital, homecare, and others. This report also includes the current and forecast demand for the region of North America, Europe, Asia-Pacific, Latin America and the Middle East & Africa. Key operating players for patients handling equipment market are
This report segments the patients handling equipment market as follows:
Global Patient Handling Equipment Market: Product Type Analysis
Global Patient Handling Equipment Market: End User Analysis
Global Patient Handling Equipment Market: Regional Segment Analysis
This report is based on in-depth qualitative and quantitative analyses of the global Patients Handling Equipment market. Zion Research has collected and analyzed key data belong to the global Patients Handling Equipment market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.
The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.
Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Patients Handling Equipment across the world has been calculated through primary and secondary research.
Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc.
For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Patients Handling Equipment industry. Primary research makes up the major source of data collection and validation.
We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:
Participants who typically participate in such a process include, but are not limited to:
Key opinion leaders specializing in different areas corresponding to different industry verticals
Secondary research sources that are typically referred to include, but are not limited to:
News articles, press releases and webcasts specific to companies operating in the market
Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Patients Handling Equipment market.
Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:
Hospital industry experiences some of the highest rate of nonfatal injuries and musculoskeletal disorders in nurses and these are often caused by moving patients and manually patient lifting. These injuries are often career ending and life threatening thus safe handling patient handling policies can reduce the risks of hospital workforce violence and these programs will also improve patient care. Lack of patient handling skills and poor patient handling practices reduces patient’s safety & comfort and increases nurse injuries. Patients handling equipment include bed frames, stretchers, wheelchairs & scooters, patient lifts and others. These equipment are very useful in preventing musculoskeletal disorders and other injuries. Patients handling equipment helps in safe patients handling in the areas like the emergency room, operating room, diagnostics lab, in-patients care units, imaging departments and in outpatient’s clinics.
Worldwide, increasing geriatric and overweight patient population will continue to augment the global demand for patient handling equipment. Thus, increasing the need for safe & comfort care of the geriatric and overweight patient will boost the growth of patient handling equipment market in the forecast period. In addition, the patient handling equipment market is driven by rising prevalence of disabilities and increasing road accidents. Moreover, increasing awareness for prevention of nonfatal injuries and musculoskeletal disorders in nurses as well as in patients is projected to fuel the growth of patient handling equipment market. However, the high cost of equipment and lack of skilled workers may hamper the growth of patient handling equipment market. Nonetheless, untapped market and new emerging technologies for patient handling are expected to generate new opportunity in the forecast period.
Based on the product type, the market of patients handling equipment has been segmented into bed frames, stretchers, wheelchairs & scooters, patient lifts and others. In 2015, bed frames segment dominated the market of patient handling equipment with major market share followed by wheelchairs & scooters segment. In the forecast period, stretchers and patient lifts segment are expected to exhibit noticeable growth due to demand for stretchers and patient lifts equipment is increasing with rising prevalence of disabilities and lifestyle diseases.
Based on the end user, the market for patients handling equipment has been segmented into the hospital, homecare and others. Hospital segment dominated the market and it is expected to grow at fastest rate in the forecast period.
Based on the geography, the market of patients handling equipment has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. In 2015, Europe dominated the market with major market share and as a result of increasing prevalence of chronic diseases. Asia Pacific region was growing at significant growth rate mainly due to increasing geriatric and obese population. North America patient handling equipment market is also expected to grow at the lucrative growth rate in the forecast period.
Key participants operating in the patients handling equipment market include Stryker Corporation, Hill-Rom Holdings Inc., Invacare Corporation, Getinge Group, Prism Medical Ltd., Guldmann Inc., LINET Group SE, Joerns Healthcare LLC, Stiegelmeyer-Group, and Handicare.