Global Patient Handling Equipment Market Segments

The global patient handling equipment market is expected to grow from $12.4 billion in 2019 to $15.11 billion in 2020 at a rate of 22.15%. The growth is mainly due to the COVID-19 pandemic that has affected millions across the globe with a significant increase in the number of patients across hospitals and other care facilities, increasing the demand for the patient handling equipment in 2020. The market is expected to stabilize and reach $19.49 billion in 2023 at a rate of 8.85%. The increasing geriatric population profile of most countries contributes to the growth of the patient handling equipment market. However, inconvenience caused by wheelchairs and other patient handling equipment is likely to act as a major restraint for patient handling equipment’s market growth.

The patient handling equipment market consists of sales of patient handling equipment and related services by entities that manufacture these. They are used for specific lifting, transfer, and movement of patients. Patient handling equipment include assistive devices that help home care and hospital settings in transferring patients between chairs, beds, and other places.

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The global patient handling equipment market is further segmented based on type and geography. By Product Type: Wheelchairs, Mobility Scooters, Medical Beds, Patient Transfer Equipment, Others By Care Type: Critical Care, Fall Prevention, Bariatric Care, Wound Care, Others By End-User: Homecare, Hospitals, Others By Geography: The global patient handling equipment market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the North American patient handling equipment market accounts for the largest share in the global patient handling equipment market.

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Trends In The Patient Handling Equipment Market
In July 2019, Etac AB, a global company engaged in developing and providing ergonomic assistive devices and patient handling equipment, acquired 70% of shares in HoverTech International, a USA-based company, for an undisclosed amount. This acquisition is expected to strengthen Etac AB’s global position in the moving and handling equipment industry. Such acquisitions and mergers are a trend in the industry.
Patient Handling Equipment Global Market Report 2020 is one of a series of new reports from The Business Research Company that provides patient handling equipment market overviews, analyzes and forecasts patient handling equipment market size and growth for the global patient handling equipment market, patient handling equipment market share, patient handling equipment market players, patient handling equipment market size, patient handling equipment market segments and geographies, patient handling equipment market trends, patient handling equipment market drivers and patient handling equipment market restraints, patient handling equipment market’s leading competitors’ revenues, profiles and market shares. The patient handling equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.