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Growth Dynamics on Patient Handling Equipment Market 2018-2024

Author : Rahul Sankrityayan | Published Date : 2019-04-01 

Global Patient Handling Equipment Market set to exceed USD 23 billion by 2024; according to a new research report by
Global Market Insights. Rising patient pool suffering from disabilities should impel patient handling equipment growth in
forthcoming period. According to Disabled World data, approximately 650 million of global population suffers from some
kind of disability, especially females. Number of people with disabilities is accelerating due to some form of chronic
illness or age. ‘Americans with Disabilities Act’ states that use of safe patient handling and mobility (SPHM) equipment
must be deployed for improving accessibility for disabled patients. Above factors should drive patient handling equipment
size in recent years.

The competitive spectrum of patient handling equipment market has lately been undergoing a massive change with regards to
product differentiation, subject to the fact that these biggies have been making appreciative efforts to provide a
considerably better experience for caregivers and medical personnel. The deployment of technology advancements in
emergency medical services for improving the quality of patient care is thus likely to enhance healthcare infrastructure,
which would, by extension, have a commendable impact on patient handling equipment industry.

Request for a sample of this research report @ www.gminsights.com/request-sample/detail/2142

Mobility assistance segment was valued at USD 3,123.8 million in 2017. With rapidly growing number of patient admissions
affected with some form of chronic illness or mobility impairment, mobility assistance segment should witness substantial
growth in patient handling equipment market. In addition, escalating handling problems by caregivers will boost mobility
assistance equipment adoption rate. According to American Nurses Association, 62% nurses reported development of
disabling musculoskeletal disorders (MSD). Aforementioned factors will primary impact segmental size in forecast
Long term care segment is estimated to grow at 12.5% CAGR during the projected period. There is increasing patient burden
suffering from age-associated disabilities. Increasing population affected with disabilities will demand for long term
care facilities that will in turn positively impact the market for better patient care. Moreover, risk of sprains and
strains in long term facilities is elevated that will result into high adoption rate of patient handling equipment, thus
spurring segmental growth.

Recently, one of the major ambulance manufacturers, Crestline Coach made it to the headlines for implementing different
design aspects to develop a smart ambulance. The deployment of real-time instruments in ambulances will help improve
hospital efficiency by meticulously serving the patients in emergency cases. The utilization of technology among medical
equipment manufacturers is thus one of the driving factors of employee safety enhancement and patients care, which will
stimulate patient handling equipment industry share over the years ahead. Moreover, for enhancing the mobility of
patients, renowned players in patient handling equipment market are maximizing the functionality of hoists and lifts as
well. For instance, the England based medical equipment manufacturer, Innova care Concepts has created an innovative
hoist tracking system to transfer patients from one room to other – a product that may have a considerable impact on
patient handling equipment market.
In order to encourage the research community and manufacturers in patient handling equipment market, most of the regional
governments have been observed to have undertaken significant initiatives. For instance, the Director General of the
Ghana Health Service, Dr. Anthony Nsiah Asare has challenged engineers in the biomedical sector to innovate new products
and repair equipment to reduce wastage in the healthcare sector, which would have a considerable impact on the regional
patient handling equipment market share. The Ghana government is also looking forward to deploying regulatory norms to
promote biomedical engineering practices over the coming years, which will further drive patient handling equipment
industry outlook.
The rise in the population of patients suffering from mobility issues has had a positive impact on the product demand.
For instance, one of the medical surveys carried out across United States in 2014 claimed that more than 30% people
suffered from obesity problems then. The U.S. Census has also reported that one out of every five people may be disabled
due to communicative, mental, and physical impairment. In addition, the exponentially growing elderly population across
U.S. is also likely to boost the regional patient handling equipment industry size. According to Global Market Insights,
Inc., the U.S. dominated the overall North America patient handling equipment industry in 2017, with a valuation of USD
3,264.8 million.

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With the increasing deployment of advanced technologies such as GPS tracking, electronic health records, smart alarms,
and alert systems in hospitals and healthcare institutions, it goes without saying that nurses and caregivers would need
to educate themselves regarding the working of these technologies for efficient work output. In this regard, some of the
prominent players in patient handling equipment market including Getinge Group, Stryker Corporation, and Hill-Rom are
organizing training programs to ensure the safety of both patients and caregivers. Trained caregivers will help enhance
patient care resulting in effective treatment facilities and a greater proportion of saved lives. Moreover, the
Occupational Safety and Health Administration has also published guidelines for nurses to educate them about lifting
devices and mechanical equipment. The growing implementation of several technical updates in medical equipment is thus
forecast to boost patient handling equipment market size, which will surpass a revenue collection of more than USD 23
billion by the end of 2024.

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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