Patient Handling Equipment Market To Generate Revenue worth $18,861.8 Million by 2030

The global patient handling equipment market size is projected to generate $18,861.8 million revenue by 2030, advancing at a CAGR of 4.5% during 2022–2030. This will be on account of the growing geriatric population, increasing incidence of disabilities, and high prevalence of chronic and lifestyle-associated diseases all over the world. In addition, the surge in the number of surgeries and the high risk of injuries to caregivers during the manual handling of hospitalized persons are expected to drive the demand for such equipment in the forecast period.

Moreover, the number of bariatric patients is increasing, which is imposing a major challenge on healthcare providers and facilities to provide distinguished care that is effective and safe both for the patients and healthcare providers. Patient handling systems help care providers during nursing care and repositioning activities, which assist patients in meeting their daily needs, such as bathing, hygiene, dressing, and ambulation.

If the patient is more mobility-dependent, it increases the risk of injury to those providing the care. An increase in the count of bariatric patients has resulted in a rise in the deployment of bariatric equipment. Bariatric beds, full-body slings, walkers, wheelchairs of varying widths and depths, pressure-reducing mattresses, bariatric washbasins, and shower chairs are some of the equipment used for bariatric care. Thus, to provide care and mobility to bariatric patients, the demand for these medical devices would increase.

Medical Bed Holds Significant Share

The medical bed category generated around $4 billion revenue in 2022, attributed to the rising geriatric population, high rate of hospitalization, in part, due to the COVID-19 outbreak, and the adoption of technologically advanced beds in hospitals. In addition, the surge in the number of accidents leads to a high demand for medical beds.

The adoption of smart beds in ambulatory surgery centers, due to the need for substantial cost reductions in disease diagnosis as well as surgical procedures, is expected to offer lucrative opportunities for the industry growth in this category in the forecast period. For instance, Medicare saves more than $4 billion every year, due to surgeries being performed at ambulatory centers instead of hospital outpatient departments.

Hospital Dominates Market

The hospital category held the largest share of the patient handling equipment market, of around 90%, in 2022. This is credited to the increasing number of in-patient admissions, coupled with the surging cases of chronic diseases, including nephrological diseases, CVDs, and cancer.

North America Held a Significant Share

North America held a significant share, of over 32%, in 2022. The rise in the number of people with injuries and mobility defects, due to the high prevalence of obesity, leads to a surge in the adoption of patient handling equipment in the region. Furthermore, the presence of a large number of key manufacturers has resulted in a wide product portfolio, which is leading to the easy availability of such equipment.

The geriatric population in the region is also growing at a significant rate and further adding to the burden of diseases. Around 60 million adults were aged over 65 years in the U.S. in 2022, which was around 17% of its population. This large geriatric population is expected to create a significant demand for equipment to enable their safe transfer in an array of care settings.

Additionally, the increasing demand for homecare equipment, the rising government funding for the enhancement of the healthcare infrastructure, and the surging incidence of musculoskeletal disorders are driving the market.

The major players operating in the patient handling equipment market are Invacare Corporation, Sunrise Medical (US) LLC, Permobil AB, Medline Industries Inc., Yuwell-Jiangsu Yuyue medical equipment & supply Co. Ltd., Ottobock SE & Co KGaA, Pride Mobility Products Corporation, MEYRA GmbH, Hoveround Corporation, MATSUNAGA MANUFACTORY Co. Ltd., Ki Mobility, and Etac AB.