The Patient Handling Equipment market is a fundamental area within healthcare, devoted to giving answers for the protected and productive development of patients. This market envelops an extensive variety of equipment intended to help healthcare experts in lifting, transferring, and positioning patients, advancing both patient comfort and caregiver safety.
Market elements are unequivocally affected by segment factors, especially the ageing populace. As the worldwide population ages, there is an expanded universality of persistent conditions and inabilities, driving the demand for Patient Handling Equipment to work with the consideration of older and movability impeded people.
The developing pattern towards home healthcare administrations shapes market elements. Patient Handling Equipment intended for home use, like portable lifts and transfer devices, is in demand, mirroring the rising inclination for giving consideration in a home setting.
Financial elements, including cost contemplations and spending plan restraints inside healthcare systems, influence market elements. Reasonable and smart patient handling arrangements are essential for boundless reception, impacting buying choices for both enormous foundations and more modest healthcare offices.
The pervasiveness of external muscle wounds among healthcare laborers is a critical driver of market elements. Patient handling assignments frequently present actual difficulties, and the demand for equipment that limits the risk of wounds among caregivers is on the rise.
Market elements are affected by patterns in equipment rental and renting. Some healthcare offices settle on renting patient handling equipment to oversee expenses and access the most recent innovation without a significant upfront speculation, influencing the market structure.
The Patient Handling Equipment market is portrayed by worldwide rivalry among makers. Market elements are impacted by the worldwide presence of central participants, prompting the trading of innovations, evaluating techniques, and a different scope of item contributions.
Market elements are molded by patient and caregiver inclinations. Equipment that improves patient comfort, nobility, and autonomy, while additionally facilitating the responsibility of caregivers, is bound to acquire acknowledgment, affecting market patterns and item advancement.
Patient Handling Equipment Market Size was valued at USD 11.18 Billion in 2023. The Global Patient Handling Equipment industry is projected to grow from USD 11.89 Billion in 2024 to USD 19.42 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.67% during the forecast period (2024 - 2032).
The advancement in patient handling equipment and expansion of healthcare infrastructure due to the COVID-19 pandemic is expected to boost the growth of the patient handling equipment market in the forecast period.
An increasing usage of patient handling equipment in hospitals, rehabilitation centers, and elderly care settings is expected to drive the growth of the patient handling equipment market.
The patient handling equipment market growth in the coming years can also be attributed to the business expansion of manufacturers through merger & acquisition and incessant launch of innovative products. For instance, in the year 2020, Invacare Corporation, a US-based long-term medical product manufacturer, announced the launch of an Invacare AVIVA FX Power Wheelchair, a front-wheel-drive wheelchair. This product launch was aimed to strengthen the company’s power mobility solutions portfolio.
The patient handling equipment market is anticipated to expand due to rising demand from healthcare facilities such as hospitals, rehabilitation centers, and nursing homes. The increasing prevalence of chronic illnesses among the patient population is another factor driving growth in the patient handling equipment industry. Patients are flooding hospitals as the COVID-19 epidemic spreads. Patients with COVID-19 have a high need for critical care equipment such hospital beds, ventilators, and vitals monitoring systems. Several businesses are raising production to help the healthcare industry keep up with the growing demand for critical care supplies.
May 2023 saw the release of a new line of paediatric movement and handling goods from Smirthwaite, a maker of customised specialty needs equipment. Slings, overhead hoists, and bathing facilities are just some of the goods that may be purchased. The new child and young adult moving and handling equipment is intended to make the transition between care settings as safe and pleasant as possible for everyone involved. This "cost-effective" technology may be employed in a wide variety of institutional and residential contexts, including but not limited to educational institutions, medical facilities, and private homes. Each item is sturdy and designed to last through several uses.
Growing patient population of chronic diseases and rising geriatric population are the major market influencer of the patient handling equipment market.
The rising influx of patients in the hospital due to an outbreak of COVID-19 pandemic. The critical care products including hospital beds, ventilators, and vitals monitoring devices are being used in abundance for patients suffering from COVID-19. Various companies are aiding the healthcare sector in meeting the rising demand for critical care products by increasing their manufacturing capacity. For instance, in May 2020, Stryker (US) delivered about 1,000 emergency relief beds to hospitals in Qatar. The company is also massively producing emergency relief beds, a low-cost hospital bed.
January 2023: The new, all-inclusive Supine Transfer System from medical equipment maker Winncare was released in January 2023, allowing for the swift and safe lifting of patients anywhere. The Rhino Lifting Cushion, Swift Transfer Slide, and Airflo Duo air pump constitute this transportable transfer system. Winncare emphasizes that patients needing to be lifted swiftly and securely can occur everywhere, not only in hospital wards, hence portable equipment is crucial. These are the first items of their kind to be released with a fully portable pump that can be powered by either a battery or an electrical outlet. These helpful technologies also allow medical staff to inflate without using their hands.
March 2023: Care & Independence, an industry leader in moving and handling, has released four new in-situ slings in March 2023 to provide local service providers more options at a lower price point. Two Recline hammock-style In-Chair slings and two new Split Leg slings are now available from Care & Independence Comfort Value. All the way up the femur, from behind the knees to the hips, the new Split Legs have you covered. The transfer is enhanced by picking up the outside leg to stop the hip from rolling. Care & Independence's in-chair slings are pressure mapped so that we can learn more about the times and places when our customers have the most significant difficulties. Because of this, the professional in moving and handling might include design changes to reduce threats to tissue viability.
Patient Handling Equipment Market Key Players
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