The Patient
Handling Equipment Market is expected to reach USD
23.4 billion by 2024, according to a new report by Grand View Research,
Inc. The upsurge in the demand for products, such as slings, lifts, powered
electric wheelchair, due to high risk of physical injuries in manual lifting of
heavy loads is a key growth driver of patient handling equipment market. In
addition, growing prevalence of injuries, such as lower back pain,
musculoskeletal disorders (MSDs), etc., is expected to boost growth in this
sector. These injuries are avoidable by practicing safe patient handling
guidelines and using equipment for the same.
Associated
advantages and availability of improved products such as prime Transport Chairs
(TC), temperature management systems, and patient transfer solutions, which
offer safe, comfortable, and dignified transfer are the factors anticipated to
provide lucrative growth to this sector in the near future.
Increasing
incidences of Non-communicable Diseases (NCD), such as diabetes, asthma,
cancer, stroke, etc., requiring patient handling equipment in homecare
settings, hospitals, and intensive care units are further expected to boost
market growth over the forecast period.
Browse Details of Report @
http://www.grandviewresearch.com/industry-analysis/patient-handling-equipment-market
http://www.grandviewresearch.com/industry-analysis/patient-handling-equipment-market
Further key findings from the study suggest:
- The
mechanical and nonmechanical equipment segment is expected to grow at a
lucrative CAGR of above 12.0% owing to high penetration of hospital
furniture, stretchers, evacuation equipment, ambulatory aids, and
accessories in healthcare settings
- On the other
hand, medical beds held lucrative share in this industry in 2015, due
to high adoption rate by hospitals and long-term acute care centers.
Moreover, introduction of technologically enhanced products and comfort
offered by them are the factors attributing to its dominant share
- Critical
care segment is anticipated to grow lucratively during the forecast
period, due to rising treatment rates and adoption of equipment to curb
increasing prevalence of critical conditions and reduction in mishaps that
occur during patient handling. Moreover, the critical care nursing and
intensive care units requiring stable and safe handling practices for
cardiothoracic, coronary, trauma, and surgical units supporting patients’
health are expected to widen the consumer base for these devices
- Home care
setting is anticipated to grow lucratively as a consequence of increasing
patient preference to reduce hospital stay and cost for the treatment. In
addition, the increasing preference of home care facilities by elderly
patients’ are expected to intensify demand for patient handling equipment
over the forecast period. Moreover, increasing applications of long-term
care programs, home health agency, and homecare services are expected to
propel market growth during the forecast period
- Some key
players in this market include Stryker Corporation; Hill-Rom
Holdings, Inc.; Invacare Corporation; Getinge Group; Guldmann, Inc.;
Stiegelmeyer, Inc.; Benmor Medical Ltd.: Sidhil Ltd.; ArjoHuntleigh, Inc.;
Etac Ltd.; Joerns Healthcare; Handicare, Inc.; Mangar International Ltd.;
Linet Americas, Inc; and Prism Medical Ltd.
- These
players are adopting strategies such as technological innovation, new
product launch, and strategic collaborations, including mergers and
acquisitions to capitalize their industry share. For instance, in March
2016, Prism Medical Ltd. acquired lifts and elevating business of Shoppers
Home Health Care in a probe to expand its business capabilities and
strengthen its services portfolio. Similarly, in November 2014,
Stiegelmeyer, Inc. introduced new technology “e-help,” an intelligent
sensor technology for homecare and in-patient services enabling deeper
market penetration.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
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Email: sales@grandviewresearch.com
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