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The latest report by IMARC, titled “ PatientHandlingEquipmentMarket:GlobalIndustryTrends,Share,Size,Growth,OpportunityandFo recast2023-2028
” the global patient handling equipment market reached a value of US$ 10.7 Billion in 2022.
Patient handling equipment refers to assistive devices that are designed to help patients with mobility that require physical assistance. Mechanical and nonmechanical equipment, ambulatory aid, medical beds, wheelchairs, and scooters are some commonly used patient handling equipment. They are widely used to support, lift, move and transfer patients. The equipment assists patients in walking, standing, sitting and bed mobility, lateral transfers, and hoisting.
It also helps in providing comfort and safety, maintaining personal hygiene, and reducing the possibility of patient injuries and infections. Moreover, these types of equipment reduce the risk of complications, such as urinary tract infections, skin tears, pressure ulcers, and sores. As a result, they find extensive application across nursing homes, hospitals, intensive care units (ICUs), and rehabilitation centers.
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The increasing geriatric population coupled with the rising incidence of disabilities across the globe is creating a positive outlook for the market. In line with this, the growing incidences of chronic diseases and rising hospital admissions are favoring the market growth. Patient handling equipment is widely used in orthopedics and neurology departments for critical, wound, and bariatric care. Apart from this, the integration of the Internet of Things (IoT) and radio frequency identification (RFID) technology in patient handling equipment that assists in real-time tracking and providing efficient and accurate access to medical data is providing a considerable boost to the market growth.
Additionally, the widespread adoption of wheelchairs due to the rising number of accidental injuries is positively impacting the market growth. Other factors, including the significant growth in the healthcare infrastructure, increased product demand due to the risk of manual handling of patients, and the implementation of various government initiatives to enhance overall patient handling capabilities, are anticipated to drive the market toward growth. On account of the aforementioned factors, the market value is expected to reach US$ 17.1 Billion by 2028, exhibiting a CAGR of 8% during 2023-2028.
Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).
MarketSummary:
BreakupbyProduct:
• Wheelchairs and Scooters
• Medical Beds
• Mechanical and Nonmechanical Equipment
• Ambulatory Aids
• Others
BreakupbyTypeofCare:
• Bariatric Care
• Fall Prevention
• Critical Care
• Wound Care
• Others
BreakupbyEndUser:
• Hospitals
• Home Care Settings
• Elderly Care Facilities
• Others
BreakupbyRegion:
• North America
• United States
• Canada
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Others
• Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Russia
• Others
• Latin America
• Brazil
• Mexico
• Others
• Middle East and Africa
CompetitiveLandscapewithKeyPlayers:
• EZ Way Inc.
• Getinge AB
• Guldmann Inc.
• Hill-Rom Holdings Inc.
• Invacare Corporation
• Joerns Healthcare LLC
• LINET Group SE
• Medline Industries Inc.
• Paramount Bed Co. Ltd.
• Prism UK Medical Ltd
• Stiegelmeyer GmbH & Co. KG
• Stryker Corporation
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