Patient Handling Equipment Market Forecast 2025-2034: Growth Dynamics, Emerging Trends, and Strategic Opportunities
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Are the Primary Drivers Supporting the Market Growth of thePatient Handling Equipment Market?
The escalating age profile in most nations is a significant factor propelling the expansion of the patient handling equipment market. The elderly demographic has a larger share of hospital admissions due to their susceptibility to chronic and other illnesses, leading to a higher demand for patient handling equipment. The World Health Organization predicts that by 2030, the number of individuals over 65 years of age will reach 1.4 billion, and by 2050, this number will increase to 2.1 billion. Consequently, growth in the geriatric population is expected to stimulate the patient handling equipment market demand throughout the projected period.
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#What Long-Term Growth Rate is Expected for thePatient Handling Equipment Market Between 2025 and 2034?
Recent years have seen remarkable growth in the patient handling equipment market size, set to advance from a valuation of $19.18 billion in 2024 to $23.07 billion in 2025, showing a compound annual growth rate (CAGR) of 20.3%. Factors such as the surge in the elderly population, heightened spending on healthcare, the growing incidence of chronic illnesses, strong economic expansion in developing markets, and rules advocating for facilities that accommodate the disabled, have all contributed to this growth during the historic period.
There is a prediction for robust growth in the patient handling equipment market size in the coming years. The market value is projected to reach $31.24 billion in 2029, growing at a compound annual growth rate (CAGR) of 7.9%. Factors contributing to this growth during the forecast period include enhancements in healthcare infrastructure, increased healthcare spending, and a rapid rise in the elderly population. Key trends for the forecasted period include the integration of sensors and smart technology into wheelchairs to minimize human intervention, heavy investment in research and development for the creation of efficient and ground-breaking treatments, strategic partnerships to stimulate innovation, products and services that can create category dominance, and the use of RFID technology to improve patient experience.
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What Are the Latest Innovations Influencing thePatient Handling Equipment Market?
The emergence of intelligent wheelchairs is a significant trend that is rising in prominence in the patient handling equipment market. These power wheelchairs are equipped with sensors, cameras, and computer-based systems that serve as the primary processing unit, enabling them to manage complex tasks. Numerous organizations and researchers are focusing on these smart wheelchairs that use sensors and artificial intelligence to minimize the need for human intervention. For example, Golden Technologies LLC, a USA-based company that produces mobility and healthcare products, including wheelchairs, launched new lightweight, foldable power wheelchairs in March 2023: the GP301 Stride aluminum folding power wheelchair and the GP302 Cricket carbon fiber folding power wheelchair. These wheelchairs are ideal for individuals who need mobility assistance as they are designed to be flexible and easy to transport.
Who Are the Major Industry Players Accelerating Growth in thePatient Handling Equipment Market?
Major companies operating in the patient handling equipment market include Invacare Corporation, Hill-Rom Holdings Inc., ArjoHuntleigh Inc., Joerns Healthcare LLC, Handicare Group AB, Drive Divilbiss Healthcare Inc., ETAC AB, Gf Health Products Inc., Prism Medical UK, Guldmann Inc., Etac Limited, Arjo, Handicare (Xiamen) Co. Ltd., Linet Inc., Stryker Corporation, V. Guldmann A/S, Hill-Rom India Private Limited, Ottobock SE & Co, LINET, Malvestio, Ossenberg, Antano Group, Stiegelmeyer, Mangar Health, Lojer Oy, KNESTEL Technologie & Elektronik GmbH, Imaxdi, Karma, Reac Poland Sp.Zoo, Paramount Bed Holdings, Umano Medical, MEDITEK, AGA Sanitätsartikel GmbH, Drive DeVilbiss Healthcare, Brumaba GmbH & Co. KG, medifa-hesse GmbH & Co. KG, UFSK-International OSYS GmbH, Stiegelmeyer GmbH & Co. Kg, OpeMed Ltd., DJO LLC, Hill-Rom Services Inc, Getinge AB, Sunrise Medical LLC, Benmor Medical Limited, Paramount Bed Co. Ltd., Drive DeVilbiss Sidhil Ltd., Medline Industries Inc.
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Which Primary Segments of the Patient Handling Equipment Market Are Driving Growth and Industry Transformations?
The patient handling equipment market covered in this report is segmented –
1) By Product Type: Wheelchairs, Mobility Scooters, Medical Beds, Patient Transfer Equipment, Other Product Types
2) By Care Type: Critical Care, Fall Prevention, Bariatric Care, Wound Care, Other Care Types
3) By End-User: Homecare, Hospitals, Other End-Users
Subsegments:
1) By Wheelchairs: Manual Wheelchairs, Powered Wheelchairs, Lightweight Wheelchairs
2) By Mobility Scooters: 3-Wheel Mobility Scooters, 4-Wheel Mobility Scooters, Heavy-Duty Mobility Scooters
3) By Medical Beds: Manual Hospital Beds, Electric Hospital Beds, Bariatric Beds
4) By Patient Transfer Equipment: Patient Slings, Transfer Boards, Patient Lifts
5) By Other Product Types: Walkers and Rollators, Bedside Commodes, Gait Trainers
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Which Regions Are Key Players in the Growth of the #What Are the Primary Drivers Supporting the Market Growth of thePatient Handling Equipment Market?# Market?
North America was the largest region in the patient handling equipment market in 2024. Western Europe was the second largest region in the global patient handling equipment market report. The regions covered in the patient handling equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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