Patient Handling Equipment Market Size, Share, Report 2033

Key Points

• The North America patient handling equipment market size reached USD 4.64 billion in 2023 and is projected to be worth around USD 8.81 billion by 2033.
• North America has generated highest revenue share of 37% in the patient handling equipment market in 2023.
• Asia Pacific is observed to grow at the fastest rate during the forecast period.
• By product, the wheelchairs and scooters segment dominated the patient handling equipment market in 2023.
• By application, the acute & critical care segment dominated the market with revenue share of 28% in 2023.
• By end-use, the hospitals segment dominated the patient handling equipment market in 2023 and captured a revenue share of 41%.
• By application, the mobility assistance segment significantly growing in the market during the forecast period.

The patient handling equipment market encompasses a wide range of devices designed to help move and support patients in healthcare settings such as hospitals, nursing homes, and home care environments. These include hoists, transfer belts, mobility scooters, stretchers, wheelchairs, and other devices that aid in patient transportation and positioning. The market is experiencing significant growth due to an aging population and a rise in the number of patients with limited mobility.

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Growth Factors:

The growth of the patient handling equipment market can be attributed to several factors. Firstly, the global aging population is driving the demand for mobility aids as more elderly individuals require assistance with movement. Additionally, advances in medical technology and equipment design have led to safer and more comfortable patient handling solutions. Increased investment in healthcare infrastructure, particularly in emerging economies, is also contributing to market growth.

Region Insights: Geographically, North America dominates the patient handling equipment market due to its advanced healthcare infrastructure and high healthcare expenditure. Europe follows closely, with strong growth in countries such as Germany and the UK. The Asia-Pacific region is expected to witness significant growth in the coming years due to rising healthcare investments and increasing awareness of patient safety in countries such as China and India.

Patient Handling Equipment Market Scope

Patient Handling Equipment Market Dynamics

Drivers:

Several drivers are fueling the growth of the patient handling equipment market. These include the need to enhance patient safety and reduce the risk of injury to healthcare workers during patient transfers. Moreover, technological advancements such as automated patient handling devices and ergonomic designs are making patient handling more efficient and less physically demanding for caregivers.

Opportunities:

The patient handling equipment market presents numerous opportunities for growth, particularly in the development of smart patient handling devices integrated with AI and IoT technology. These devices can provide real-time data to healthcare providers, improving patient care and safety. Additionally, the market may see growth from increased demand for home care services, as more patients prefer to receive care in their homes.

Challenges:

Despite the potential for growth, the patient handling equipment market faces challenges such as high costs of advanced equipment, which can limit adoption in lower-income regions. Moreover, there are stringent regulatory requirements for the manufacturing and use of patient handling equipment, which can pose barriers for new market entrants. Concerns about the durability and reliability of equipment also remain challenges for manufacturers.

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Recent Developments

• In March 2023, Medtronic, the largest healthcare technology company in the world, and NVIDIA announced a partnership to develop AI in the healthcare system more quickly and integrate innovative AI-based solutions into patient care. The businesses will incorporate NVIDIA healthcare and edge AI technology into the Cosmo Pharmaceuticals-developed and -manufactured Medtronic GI Genius TM intelligent endoscopy module. The first AI-assisted colonoscopy tool approved by the FDA, GI Genius, enables doctors to find polyps that may eventually develop into colorectal cancer.
• In December 2022, Helix Flex, a new device from Freudenberg Medical, was introduced at PMEC India and CPhI. The product is a high-purity thermoplastic elastomer (TPE) tubing intended for fluid transfer applications in the biopharmaceutical industry.

Patient Handling Equipment Market Companies

• Getinge
• Stryker
• Invacare
• Hill Rom Services
• Guldmann
• HoverTech International
• Handicare
• Prism Medical
• Ossenberg
• Drive Medical
• Antano Group
• ORTHOS XXI
• Stiegelmeyer
• LINET
• Joerns Healthcare

Segments Covered in the Report

By Product

• Wheelchairs and Scooters
  • Manual Wheelchair
    • Folding Frame Manual Wheelchairs
    • Rigid Frame Manual Wheelchairs
  • Powered Wheelchair
  • Mobility Scooters
• Medical Beds
  • Acute Care Beds
  • Long Term Care Beds
  • Bariatric Beds
  • Others
• Mechanical Lifting & Transfer Equipment
• Ambulatory aid Devices
• Bathroom Safety Supplies
• Others

By Application

• Acute & Critical Care
• Long Term Care
• Mobility Assistance
• Fall Prevention
• Others

By End-use

• Hospitals
• Home Care Settings
• Elderly Care Facilities
• Others

By Geography

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

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