Patient Handling Equipment Market Overview:
The Patient Handling Equipment market report covers recent developments, trade regulations, import/export analysis, production analysis, value chain optimization, market share, the impact of domestic and localised market players, opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, and geographic expansion. To learn more about the Patient Handling Equipment market, contact Maximize Market Research for an Analyst Brief; our staff will assist you in making an informed market choice that will help you expand your business.
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Covid-19 Impact:
The novel coronavirus illness (COVID-19) problem is wreaking havoc on all service and manufacturing businesses due to severe declines in demand. The majority of workers in this field are at risk. As a result, a substantial number of enterprises have shut down. Consumer demand for specific goods is falling, while other businesses are slowing. On the other hand, there has been an increase in the number of workers in grocery shops and food sellers. The report goes through the impact of Covid-19 in great detail.
Regional Analysis:
In the regional and country sections of the Patient Handling Equipment market analysis, individual market impacting factors and changes in market regulation that impact current and future market trends are also discussed. Consumption quantities, manufacturing sites and volumes, import-export analysis, price trend analysis, cost of raw materials, and downstream and upstream value chain analysis are some of the major indicators used to forecast market conditions for each country.
Patient Handling Equipment Market is expected to reach US$ 14.94 Bn. by 2029 from US$ 12.41 Bn in 2021, at a CAGR of 2.35% during the forecast period.
Patient Handling Equipment Market Segment Analysis
Based on the Product, Medical beds had the highest market share in 2021, due to the factors including advancement in technology particularly in ICU beds, increased number of critical care patients.
Mechanical and transfer equipment is expected to grow at the higher rate in the forecast period due to several incidences of mechanical lifts for the patient have resulted in decreased musculoskeletal injuries in the caregivers which should be the major factor driving the growth of the market.
By End-User, Hospitals had the highest market share in 2021, due to an increasing number of a patient requiring critical care in hospitals. A paradigm shift has been occurring wherein the patient is preferring home care settings over hospitals. This can be attributed to increased patient comfort and decreased cost due to which the home care settings segment will show the fastest growth rate over the forecast period.
By Application, Mobility assistance had the market share in 2021, due to a growing number of patient population needing assistance of walking aids and wheelchairs. On the other hand, technological advancement in powered wheelchairs increased reimbursement for the equipment is also expected to grow through the forecast period.
Patient Handling Equipment Market Key Players:
More than fifteen significant market participants from various regions are featured in the Patient Handling Equipment report. In contrast, when studying the market and estimating its size, the report took into account all industry leaders, followers, and new entrants with investors. Every region's manufacturing environment is unique, so the Patient Handling Equipment report focuses on the regional impact on manufacturing costs, supply chains, raw material availability, labour costs, advanced technology availability, and trusted vendors. The Patient Handling Equipment report also includes recommendations for a future hot spot in the Asia Pacific region. The impact of major countries' manufacturing policies on demand is discussed in this report.
Key Players Covers:
• Joerns Healthcare LLC
• Medline Industries
• Prism Medical UK
• Stiegelmeyer GmbH & Co. KG
• Savaria
• Malvestio Spa
• EZ Way, Inc.
• Ossenberg GmbH
• Antano Group
• Airpal Inc.
• Getinge AB
• Gendron,Inc.
• Paramount Bed Co. Ltd.
• Sunrise Medica
Global Patient Handling Equipment Market research report offers:
- The global Patient Handling Equipment market is defined, as well as the examination of several affecting elements such as drivers, restraints, and opportunities.
- Porter's Five Force Analysis and SWOT analysis are used to define, characterize, and analyse the market competition landscape, with a focus on global main manufacturers.
- Several types available for the product’s application have been analyzed. Statistical analysis has been conducted on obtaining the individual share of these segments.
- Extensive analysis into the global Patient Handling Equipment competitive landscape
- Identification and analysis of micro and macro elements that influence and will influence market growth.
- A complete list of major market players in the global Patient Handling Equipment industry.
- In the global Patient Handling Equipment market, it provides a descriptive study of demand-supply chaining.
- Estimation of the market size along with historic and forecasted trend analysis.
- Figures, charts, graphs, and illustrations are used to clearly describe the market.
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