What Has Driven the Growth of the Patient Handling Equipment Market in Recent Years?
The patient handling equipment market has seen considerable growth due to a variety of factors.
• The market for patient handling equipment has experienced substantial expansion in the past few years. An impressive growth is projected from $19.18 billion in 2024 to $23.07 billion in 2025, with a compound annual growth rate (CAGR) of 20.3%.
This significant rise during the historical period can be credited to factors such as a rise in the ageing population, escalating healthcare costs, the growing occurrence of chronic illnesses, robust economic development in emerging markets, and regulations supporting disability-friendly environments.
What is the Market Size Forecast for the Patient Handling Equipment Market?
The patient handling equipment market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the market size for patient handling equipment is anticipated to experience substantial growth. It is projected to reach $31.24 billion in 2029, with a compound annual growth rate (CAGR) of 7.9%.
This expected growth during the forecast period can be ascribed to enhancements in healthcare infrastructure, a surge in healthcare spending, and swift expansion in the elderly population. Some of the notable trends anticipated in the forecast period are enhancing wheelchairs with sensors and intelligence to minimize human interaction, heavily investing in research and development for creating efficient and innovative treatments, fostering strategic partnerships to stimulate innovations, products, and services that can secure category dominance, and utilizing RFID technology to boost patient experience.
What Are The Leading Drivers Of Growth In The Patient Handling Equipment Market?
The rise in the elderly population in most nations is contributing to the patient handling equipment market's expansion. This is due to a greater proportion of hospital admissions coming from the older demographic, who are more prone to chronic and other illnesses, necessitating a greater requirement for patient handling equipment. The World Health Organization anticipates that the number of individuals aged 65 and above will increase to 1.4 billion by 2030 and 2.1 billion by 2050. Thus, the patient handling equipment market is expected to grow during the forecasted period, driven by the anticipated increase in the elderly population.
What Are The Major Segments Within The Patient Handling Equipment Market?
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 Trends Are Expected To Transform The Patient Handling Equipment Market?
The progression towards smart wheelchairs is a leading trend that's drawing attention in the patient handling equipment market. These advanced wheelchairs are equipped with sensors, cameras, and a computer-based system to facilitate intricate tasks. Organizations and researchers globally are focusing on creating smart wheelchairs, embedding sensors, and intelligence to minimize human intervention. For example, in March 2023, Golden Technologies LLC, a prominent U.S. firm producing mobility and healthcare products, unveiled its new lightweight foldable power wheelchairs, the GP301 Stride aluminum folding power wheelchair and the GP302 Cricket carbon fiber folding power wheelchair. Crafted for individuals needing mobility assistance, these wheelchairs are highly adaptable and convenient for travel.
Who Are the Key Players in the Patient 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.
What Is The Most Dominant Region In The Patient Handling Equipment 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
