Patient Handling Equipment Market Size Report by Type (Medical Bed, Patient Transfer Equipment, Mobility Device, Bathroom & Toilet Assist Equipment, Stretcher and Transport Chair), Type of Care (Critical Care, Wound Care, Fall Prevention, Bariatric Care), End User (Hospital, Home Healthcare, Elderly Care Facility) - Global Industry Revenue Estimation and Demand Forecast to 2030

Market Overview

The global patient handling equipment market size stood at $12,599.5 million in 2021, which is expected to reach $15,917.8 million by 2030, advancing at a CAGR of 2.6% during 2021–2030. This is predominantly due to the increasing obese and geriatric populations all over the world, the growing injury risk associated with manual patient handling, and technological advancements in patient management devices for the improvement of ergonomics.

Moreover, the implementation of government regulations to ensure the safety of caretakers during the manual lifting process and the surging number of patient admissions in hospitals are expected to propel the sector growth in the forecast period. For example, the National Institute of Occupational Safety & Health laid down Recommended Weight Limit guidelines for their effective management in a medical center and to reduce injury risks to practitioners. Also, guidelines set by regulatory bodies like CDC, EU-OSHA, and WSHC are fueling the demand for these medical systems.

Furthermore, the mounting number of musculoskeletal disorders, which have affected around 1.7 billion of the global population, is generating high demand for appliances for their effective management. Also, the snowballing demand and penetration of these systems in emerging economies are set to offer enormous development opportunities.

Although the global patient handling equipment market outlook is growing at a considerable rate in emerging economies, there is still a massive unexplored sector in different countries. With the increasing government initiatives and high economic growth in the APAC region, prominent players are penetrating untapped markets in the region.

The markets in countries like India and China have huge growth potential, as the healthcare industry is witnessing significant growth in these nations. The large population base and improving healthcare infrastructure are attracting medical device manufacturers to develop their manufacturing sites in these countries. Moreover, manufacturing medical device products in developing regions tends to decrease the overall cost of manufacturing, thus reducing the cost of the products without altering the quality.

Medical Bed Holds Significant Shares

The medical bed category generated around $4 billion revenue in 2021. This is because of the rising number of chronic care patients, technological advancements in ICU beds, increasing investments in therapeutic infrastructural improvement, and escalation in the number of hospital beds all over the world. In addition, factors such as economic liberalization, extensive policy reforms, and the swift increase in the middle-class population coupled with high buying power are also burgeoning the market size in this category.

The surging adoption of advanced ICU beds in hospitals comprising various features, such as repositioning support, incessant lateral rotation therapy, electrical bed retraction, and weight-based pressure rearrangement in any bed position, is augmenting the category size. Furthermore, the adoption of electric beds is expected to offer lucrative opportunities in the market in the upcoming period. The integration of these systems with electronic medical records and electronic health records to get a report of health data like body temperature, blood, weight, medication dosage, and immunization status is positively impacting the industry progress in this category.

Government bodies around the world are increasing their investments in the deployment of ambulatory facilities. This leads to an increase in accessibility and lower treatment costs, which are expected to propel sector growth in the future. For example, as part of the Affordable Care Act, the U.S. government launched the Medicare Hospital Readmissions Reduction Program, to provide primary care at all accessible point-of-care locations while reducing avoidable costs like hospital stays and other expenses. These encouraging government initiatives are expected to boost the demand for patient handing devices in healthcare facilities over the upcoming period.

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Home Healthcare Category To Witness Fastest Growth

In 2021, the hospital category accounted for the largest market share, of around 60%, based on end user. This is on account of the expanding number of community and multispecialty hospitals in developing countries, and the evolution in healthcare settings in nations like the U.S., China, the U.K., and Japan. Additionally, an increase in the emphasis of government and private bodies on regular timely treatment has caused awareness among the population, consequently propelling the market expansion during the outlook period.

The rise in healthcare expenditure leads to an increase in affordability and accessibility of treatment and diagnosis of different therapeutic conditions. Different governments are investing a significant portion of their GDP in public health, thereby leading to industry advancement. The large patient pool, availability of trained professionals, and financial capabilities of hospitals to buy high-end instruments have led to the largest consumption of medical instruments in hospitals, which is expected to expand the category size in the forecast period.

However, the home healthcare category is expected to register the highest CAGR in the forecast period, mainly due to the cumulative support from government bodies to reduce the length of patient stay in hospitals. For instance, the New York State Department of Health offers home healthcare programs, which include therapeutic services, adult day care, and care management by registered nurses, to individuals in need.

Further, the existence of beneficial reimbursement policies in countries like the U.S. is driving the market growth in this category. For example, Medicare reimburses 7.5% of the costs of electric beds that can be used in home care settings, which leads to the higher adoption rate of these systems in the country.

Critical Care Generated Highest Revenue

The critical care category held the largest revenue share, of around 50%, in 2021. This is due to the surge in innovations in devices required for surgical procedures and ICUs for the improvement in healthcare. In addition, access to medical data through the use of these advanced devices is augmenting the demand for patient handling systems.

Further, during the pandemic, prominent players have actively participated in the launch of various products for the critical care of patients, which is significantly impacting the patient handling equipment market size. For instance, Koninklijke Philips N.V. introduced Respironics E30 ventilator for the vital care of the population suffering from COVID-19. The ventilator comprises visual and audible alarms permitting high-oxygen flow support to the ones suffering from respiratory insufficiency.

Europe Is Leader in the Market

Europe led the market size in 2021, with a value of around $5 billion. This is primarily ascribed to the increase in initiatives taken by government as well as non-government organizations related to the adoption of patient managing apparatus in the region. Additionally, the existence of major key players in the region, and their various strategic developments, such as product launches, partnerships, collaborations, mergers, and acquisitions, are burgeoning the regional market growth.

Moreover, the demand for patient handling systems is rising in the region, due to the presence of a large number of hospitals, elderly care facilities, trained professionals, increasing need for better services along with supportive regulations for patient safety, and the growing prevalence of chronic and lifestyle-associated diseases in the region.

However, the APAC market is set to register the highest CAGR in the forecast period, mainly due to the expansion of innumerable medical facilities in the region. In addition, the rapidly growing medical industry coupled with government initiatives to maintain high-quality products and the increasing prevalence of lifestyle-associated disorders are also driving the regional market evolution.

Top Players in the Patient Handling Equipment Market Are:

• Arjo
• Hill-Rom Holdings Inc.
• Invacare Corporation
• Stryker Corporation
• Stiegelmeyer GmbH & Co. KG.
• Etac AB
• GF Health Products Inc.
• V. Guldmann A/S
• Handicare group AB
• Joerns Healthcare LLC

Market Size Breakdown by Segment

The study offers a comprehensive market segmentation analysis along with market estimation for the period 2017-2030.

Based on Type

• Medical Bed
• Patient Transfer Equipment
• Mobility Device
• Bathroom & Toilet Assist Equipment
• Stretcher and Transport Chair

Based on Type of Care

• Critical Care 
• Wound Care 
• Fall Prevention
• Bariatric Care 

Based on End User

• Hospital
• Home Healthcare
• Elderly Care Facility

Geographical Analysis

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
• Asia-Pacific
  • China,
  • India
  • Japan
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa
  • Saudi Arabia
  • South Africa