The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s patient handling equipment market report forecasts the patient handling equipment market size to grow to $24.62 Billion by 2027, with a CAGR (compound annual growth rate) of more than 3%.

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Patient Handling Equipment Market Size Forecast
The global patient handling equipment market is expected to grow from $20.35 billion in 2022 to $21.25 billion in 2023 at a compound annual growth rate (CAGR) of 4.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The patient handling equipment market is expected to grow from $24.62 billion in 2027 at a CAGR of 3.8%.

North America held the largest patient handling equipment market share.

Key Patient Handling Equipment Market Driver ­– Increase In The Size Of The Geriatric Population
According to the World Health Organization, in 2020, there were 1 billion people in the world who were aged 65 years and above. The numer is expected to rise to 1.4 billion by 2030 and 2.1 billion by 2050. Therefore, an increase in the size of the geriatric population is anticipated to boost the demand for the patient handling equipment market during the forecast period.

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Key Patient Handling Equipment Market Trend – Product Innovation
Product innovation is a key trend gaining popularity in the patient-handling equipment market. Major companies operating in the patient-handling equipment market are developing innovative products to reinforce their position. For instance, in March 2020, Invacare Corporation, a US-based manufacturer of non-acute medical equipment, launched Invacare AVIVA FX Power Wheelchair based on Rehab-redefining LiNX Technology. It has a distinct identity in design, and performance by providing a high-performance to current front-wheel drive users and allowing the wheels, tyres, hubs, motors, and gearboxes to be easily removed.

Patient Handling Equipment Market Segment
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: Biopharmaceutical And Pharmaceutical Companies, Research Institutes, Homecare, Hospitals, Other End-Users

Patient Handling Equipment Market Major Players and Strategies
Major players in the patient handling equipment market are ArjoHuntleigh Inc., Hill-Rom Holdings Inc., Invacare Corporation, Stryker Corporation, Drive Divilbiss Healthcare Inc., ETAC AB, Gf Health Products Inc., Guldmann, Inc., Handicare Group AB, and Joerns Healthcare LLC.

In March 2021, Direct Healthcare Group, a UK-based medical device company, acquired United Care BV for an undisclosed amount. The acquisition would expand direct healthcare group’s safe moving and handling portfolio and help it better serve the customers. United Care BV is a Netherlands based manufacturer of patient handling solutions.

The Patient Handling Equipment Global Market Report 2023 covers regional data on patient handling equipment market size, patient handling equipment market trends and drivers, opportunities, strategies, and patient handling equipment market competitor analysis. The countries covered in the patient handling equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Patient handling equipment is an assistive device that helps home care and hospital settings for transferring patients between chairs, beds, and other places. They are used for specific lifting, transfer, and movement of patients.

View More Reports Related To The Patient Handling Equipment Market –
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