The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

According to The Business Research Company’s Patient Handling Equipment Global Market Report 2024, the patient handling equipment market is expected to show promising growth in the forecast period.

Introduction: Steady Growth in Patient Handling Equipment Market

• Consistent growth from $21.25 billion in 2023 to $22.1 billion in 2024.
• Expected compound annual growth rate (CAGR) of 4.0%.
• Drivers: aging population, healthcare expenditure, chronic disease prevalence, economic growth, and disabled-friendly regulations.

Future Outlook: Sustaining Momentum

• Projected growth to $26.19 billion in 2028.
• Forecasted CAGR of 4.3%.
• Drivers: healthcare infrastructure enhancements, rising geriatric population, increased healthcare spending.
• Major trends: sensor and intelligence integration in wheelchairs, R&D investments, strategic collaborations, RFID technology adoption.

Rising Geriatric Population Is The Driving Force For Growth

• Growing elderly population boosts demand for patient handling equipment.
• Elderly individuals have higher hospital admission rates due to chronic illness risks.
• WHO predicts significant rise in elderly population by 2030 and 2050, driving market demand.

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Leading Players: Innovating for Better Care

• Major companies: Invacare Corporation, Hill-Rom Holdings Inc., ArjoHuntleigh Inc., and more.
• Extensive product portfolios catering to diverse needs.
• Focus on innovation and strategic partnerships.

Smart Wheelchairs Revolutionize Patient Handling Equipment

• Development of smart wheelchairs integrates sensors and intelligence for complex tasks.
• Example: Golden Technologies LLC launches lightweight foldable power wheelchairs with advanced features.
• Smart wheelchairs enhance mobility and independence for users.

Direct Healthcare Group Expands Safe Moving And Handling Portfolio

• Direct Healthcare Group acquires United Care BV in March 2021.
• Acquisition expands safe moving and handling solutions.
• United Care BV brings expertise in patient handling solutions.

Market Segmentation: Understanding the Landscape

• Product type segments: Wheelchairs, Mobility Scooters, Medical Beds, Patient Transfer Equipment, and others.
• Care type segments: Critical Care, Fall Prevention, Bariatric Care, Wound Care, and others.
• End-user segments: Homecare, Hospitals, and other healthcare facilities.

Regional Insights: Dynamics Across Geographies

• North America leads the market in 2023.
• Market poised for growth in emerging regions due to increasing healthcare infrastructure and expenditure.

Conclusion: Advancing Patient Handling Equipment Market

• Patient handling equipment market exhibits steady growth trajectory.
• Aging demographics, technological innovations, and strategic acquisitions propel market expansion.
• Integration of advanced features enhances patient mobility and care.
• Collaborations and investments drive innovation and category leadership.
• Regional dynamics highlight diverse opportunities for market players.

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