Patient Handling Equipment Market Overview: Key Product Categories, End Users, and Growth Trends through 2024

The global patient handling equipment market is expected to grow significantly, driven by factors like the rising geriatric population, an increase in disabilities, and the need for caregivers' safety. Here are key points related to the market

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Growth Factors:

• Aging Population: The elderly are more prone to accidents, making wheelchairs, scooters, and medical beds essential for their mobility and safety.
• Chronic Illnesses: An increase in chronic conditions, such as myocardial infarction and stroke, drives the demand for patient handling equipment.
• COVID-19 Impact: The pandemic accelerated the demand for medical beds as hospitals expanded their infrastructure to manage rising patient numbers.
• Safety Concerns: Reducing the risk of injury for both patients and caregivers is driving the use of patient handling equipment.

Market Projection:

• CAGR: The global market is expected to grow at a robust CAGR of 10.4% from 2017 to 2024.
• By 2024, the market value is projected to reach US$22.4 billion, up from US$11.2 billion in 2017.

Product Segments:

• Medical Beds: These remain the most important product in the market, with demand from hospitals and specialty healthcare facilities.
• Wheelchairs: Along with ambulatory aids and lifting slings, they are key to patient mobility.
• Shower, Bath, and Toileting Equipment: These products are gaining demand, especially in high-end healthcare facilities and for at-home care.

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Regional Insights:

• Europe: Currently holds the largest market share and is expected to remain dominant due to advanced healthcare infrastructure and government regulations.
• Asia Pacific: This region is poised for growth due to emerging economies like India, China, and Japan, as well as an increase in medical tourism.
• North America: Continues to contribute significantly to the market, driven by healthcare policies and the aging population.
1. Key Companies:
• ArjoHuntleigh (Getinge Group), V.Guldmann A/S, DJO Global, Hill-Rom Holdings, Inc., Invacare Corporation, and Stryker Corporation are some of the leading players in the market.

Challenges:

• A shortage of trained professionals to operate patient handling equipment and the complexities involved in manual handling of bariatric patients could hinder growth.

Overall, the patient handling equipment market is set for strong expansion, with technological advancements and an aging population playing a central role in driving demand.

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