Patient Handling Equipment Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

  • To Be Published : Aug 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Patient handling equipment is an assistive devices allowing the hospitalized patients to transfer to other places who lack the strength to control the body movements. Patient handling equipment’s are specially designed in helping the patients in hospitals, nursing homes and medical centers with some mobility. The equipment’s are cost efficient than retrofitting, assures increased productivity of care givers and ensures patient’s safety. The manual patient handling devices are based on mechanical assessment of patients to ensure safety to the patient, caregiver and rehabilitation goals.  

Increasing disabilities post surgeries is expected to drive the patient handling equipment market

According to the World Health Organization, in 2017, an estimated 1.8 million patients suffered from some form of disability in 2015 and then approximately globally each year, the number of disabilities being expected to increase to 2.43 million patients by 2030. The increasing demand for advanced technological products in medical field, increasing need of equipment’s to handle patients post critical surgeries like orthopedic, cardiac and bariatric surgeries propels patient handling equipment’s market over the forecast period. The increasing prevalence of disabilities after serious accidents and surgeries, increase in the geriatric population is anticipated to drive the patient handling equipment market. The introduction of technologically advanced efficient products which offer easy usage and prevents musculoskeletal disorders in caregivers are expected to drive growth in the near future.

Medical beds segment is expected to account for the largest share of the patient handling equipment market

The global patient handling equipment market is segmented on the basis of product type, accessories, end user and geography.

On the basis of product type:

  • Wheelchairs and Scooters
    • Manual Wheelchair
    • Powered Wheelchair
  • Medical Beds
    • Curative Care Beds
    • Psychiatric Care Beds
    • Maternity and Bariatric Beds
    • Long-term Care Beds
  • Mechanical Equipment
    • Patient Lifts
    • Medical Lifting Slings
  • Non-mechanical Equipment
  • Ambulatory Aids
  • Shower and Toilet equipment
  • Others

On the basis of accessories:

  • Lifting Accessories
  • Medical Bed Accessories
  • Transfer Accessories
  • Evacuation Accessories
  • Others

On the basis of end user:

  • Hospitals
  • Clinics
  • Rehabilitation Centers
  • Home Care Settings
  • Nursing Homes
  • Others

Increasing number of musculoskeletal disorders is expected to accelerate the demand of patient handling equipment market in North America

Regional segmentation of the global patient handling equipment market by Coherent Market Insights comprises North America, Europe, Asia-Pacific, Latin America and Middle East and Africa. According to the U.S. Bone and Joint Initiative,  in 2014, an estimated 4.5 million sports were related to musculoskeletal injuries  recorded in the U.S., with millions suffering from spine deformities, cancers of bones and connective tissues and congenital conditions, thus adding up to the market growth. North America is expected to grow at a lucrative rate owing to supportive government assistance for improvisation in infrastructure and medical facilities and rising demand for home care equipment. The substantial increase in Europe can be attributed to trained professionals, development of large number of healthcare facilities and demand for better supportive regulations for patient safety. The rapid growth of Asia Pacific is attributed to the factors involving rising popularity of medical tourism, rising preference to spend on healthcare, government initiatives to improve quality of patient care.

The launch of specialist pediatric bed is expected to boost the sales of patient handling equipment market

Key players operating the patient handling equipment market include Stryker Corporation, Bayer AG, Hill-Rom Holdings Inc, Invacare Corporation. Other prominent vendors incorporated the strategies of mergers, acquisition for patient handling and care include Etac Ltd, Guldmann Inc, Prism Medical Ltd, Stiegelmeyer Inc, Benmor Medical Ltd, Linet Americas Inc and ArjoHuntleigh Inc. The launch of new specialist pediatric bed by Sidhil 2016 as an extension to the products proved beneficial to improve its sales.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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