Opportunities in Global Patient Handling Equipment Market Predicted to be Worth US$22.4 bn during 2017-2024

Published on : May 21, 2018

Albany, New York, May 21, 2018: An analytical research report titled “Patient Handling Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2024” has been recently added to the vast repository of Market Research Hub (MRH). The study discusses the overall market scenario for patient handling equipment impacted by drivers, restraints and impending opportunities. Also, this report presents the value (US$ Mn) and volume (MT) forecasts of the global patient handling equipment for the period 2017 to 2024. Further, a deep analysis of the major players from diverse regions is also present in the report.

It is well known that there has been always a risk of injury to the patients while handling them manually. So, it is important to have the better handling equipment in healthcare centers. This is one of the prime factors augmenting the demand in the world patient handling equipment market. As per the key estimations of the report, the global patient handling equipment market will be worth US$22.4 bn by the end of 2024, expressively up from its valuation of US$11.2 bn in 2017.

Market Snapshot and Factors Fueling Growth

Patient handling equipment minimizes the role of caregivers in patient support. In the present time, the rising number of factors such as rising geriatric population, high risk of wounds to caregivers as well as the patients during manual handling, increasing incidence of disabilities, and implementation of regulations pertaining to the safety at the healthcare facilities are some of the huge factors driving growth of patient handling equipment market. As per the analyst estimations, the demand in the global patient handling equipment market is projected to increment at a robust CAGR of 10.4% during the forecast period of 2017 to 2024

The informative report begins with executive summary providing a market overview, market analysis and market numbers. The next section of market introduction covers basics of the market for its readers including market definition and market taxonomy. This section also shares future opportunities available in this market for new entrants as well as existing players. At present, key players operating in the market include V.Guldmann A/S, Stryker Corporation, Patterson Medical Holdings, Inc., DJO Global, Hill-Rom Holdings, Inc., Etac AB, Joerns Healthcare LLC, Permobil AB, Prism Medical, Stiegelmeyer & Co. GMBH, Invacare Corporation, and Sunrise Medical LLC.

Moving further, the research offers a comprehensive view of the market, by segmenting the market on the basis of devices, product type, end-user and geography. Geographically, the market spreads across the regions of the Middle East and Africa (MEA), North America, Europe, Latin America and the Asia Pacific (APAC). By devices, the study covers Laser devices, Directional devices, Rotational devices and Orbital devices. Major product type highlighted in the study include lifting slings, ambulatory aids, wheelchairs, shower, bath and toileting equipment, medical beds and others.

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