"Patient handling equipment market to exhibit lucrative growth during the forecast period"

The global patient handling equipment market is Increasing emergency procedures, trauma, growing commonness of disabilities, injuries among the elderly, and faster patient transportation with higher safety along with the growing adoption of branded equipment drives the overall patient handling equipment market growth. New technological evolution in the transfer and lifting equipment would also drive the overall market.   

"Medical beds segment is expected to register higher growth by the end of 2033"

Overall sales of patient handling equipment is expanding significantly, mainly in the Asia Pacific and Western Europe. The market is further fuelled with rising private institutional nursing and the entry of major international players from Europe and the U.S. in domestic markets. Wide range of patient handling equipment, mainly in the wheelchair and scooters segment incorporate experts to meet the dynamic demand. Growing emergency care services, high investment in the medical beds segment in the hospitals and clinics is driving the growth successfully. Increasing super-specialty healthcare accommodations globally along with rising investment and adoption of new products with long-term care beds, curative care beds, and psychiatric care beds are fulfilling the demand globally.

"The clinics segment is expected to register higher growth by the end of 2033"

Stable development in the hospitals and clinics segment expected to grow at healthier CAGR. The shifting dynamics in critical and emergency care, demand for convenience in patient transfer from and to departments along with increasing trauma cases and injuries among the elderly population is generating determined revenue in the current time and expected to do so in the coming years. Moreover, expanded use of accessories, enhanced applications of lifting and transfer equipment for improved outcomes are driving the overall development of the market. Nevertheless, higher costs, and formless reimbursement structure in emerging nations are hindering the growth of patient handling equipment market.

"Increasing demand for advanced equipment, and the presence of established players holds North America in dominant position"

North America to contribute maximum revenue share in the global patient handling equipment market. Major factors enhancing the growth in North America and Europe include advanced elderly care management, high adoption of top quality equipment, growing number of partnerships and long term business engagements, and augmenting demand for advanced products in the developing nations. However, in developing economic regions such as Asia Pacific and Latin America, availability of advanced equipment is inadequate. Lack of swift emergency care along with skilled professionals, less accessibility of high-end product types and very high cost along with no reimbursement is limiting the overall growth of the patient handling equipment market.

"Dominance of multinational manufacturers with strong product portfolio in the developed regions"

Major players in the patient handling equipment market are DJO Global, Linet, Inc. Handicare, Inc., Benmor Medical Ltd., Hill Rom Holdings, Inc., Spectra Care Group, Etac Ltd., Guldmann, Inc., Joerns Healthcare LLC, Permobil AB, Stiegelmeyer, Inc., Mangar International Ltd., Stryker Corporation, Patterson Medical Holdings, Inc. and others. Manufacturers are implementing growth strategies along with technological advancement in transfer and lifting accessories. Furthermore, rapid product launch, expansion to hospitals and clinics in the form of partnerships will further spur revenue growth in future.

Historical & Forecast Period

This study report represents analysis of each segment from 2023 to 2033 considering 2024 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2025 to 2033.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Patient Handling Equipment market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Patient Handling Equipment market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Patient Handling Equipment market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2033.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Patient Handling Equipment market?
• Which is the largest regional market for Patient Handling Equipment market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Patient Handling Equipment market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Patient Handling Equipment market worldwide?