Rising Geriatric Population And The Increasing Prevalence Of Disability To Boost The Patient Handling Equipment Market Growth

Patient Handling Equipment Market

Patient Handling Equipment– By Product Type (Wheelchairs, Mobility Scooters, Medical Beds, Patient Transfer Equipment, Other Product Types), By Care Type (Critical Care, Fall Prevention, Bariatric Care, Wound Care, Other Care Types), By End-User (Biopharmaceutical And Pharmaceutical Companies, Research Institutes, Homecare, Hospitals, Other End-Users)- Size, Share, Outlook, and Opportunity Analysis, 2022 – 2030

The global Patient Handling Equipment Market is estimated to be valued at US$ XX million in XXX and is expected to exhibit a CAGR at high rate over the forecast period, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

A harmless and protective approach towards patient handling equipment is being progressed and the use of manual handling equipment is reduced at every possible place. The main factor of wound to nursing and healthcare assistance is the outcome of continuous manual lifting, shifting and relocation of people and residence. With occurrence rates of work-related wounds necessitating leads to rise in leaves from the work, which can be a notable expense to hospital sector. Patient Handling Equipment plans have been one of the key innovations for hospital organizations, pursuing to decrease job-associated wounds and decreased grievances owing to patient falls.

Competitive Landscape:

Major players included in the global Patient Handling Equipment Market are Hill-Rom Holdings Inc, Stryker Corporation, Bayer AG and Invacare Corporation.

Market Key Drivers:

Rising geriatric population and the increasing prevalence of disability is expected to boost the growth of global patient handling equipment for market. For instance, as per WHO around 1.3 billion people globally suffer from disabilities. Rise in musculoskeletal diseases is projected to propel the growth of global patient handling equipment for market. For instance, as per WHO, around 1.71 billion people globally suffer from musculoskeletal diseases.

Covid-19 Impact Analysis:

The Covid-19 outbreak has adversely affected the growth of global Patient Handling Equipment Market. The surge in Covid-19 cases have led to the delay in surgeries and also have reduced the hospital visits. The restrictions on transportation from one place to another has also impeded the market growth.

Key Takeaways:

The global patient handling equipment for market is anticipated to exhibit a CAGR of XX % during the forecast period owing to rise in geriatric population. For instance, as per the U.S. Census Bureau, above 56 million adults aged 65 and older stay in the U.S.

Among regions, North America, Europe and Asia Pacific are expected to witness robust growth in global patient handling equipment for market due to rising geriatric population, musculoskeletal diseases, disabilities, increasing healthcare infrastructure. For instance, as per OSHA, around 124 million Americans suffer from musculoskeletal diseases in U.S.