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As per the information published by the United Nations, the population above 60 years of age is expected to more than double by 2050 and more than triple in 2100, increasing from 961 million in 2017 to 2.1 billion in 2050 and then to 3.1 billion in 2100. Based on which it is anticipated that there will be a great demand for patient handling equipment in upcoming years. In 2012, Arjo, one of the leading players in medical science, initiated a program called Diligent to consult and train the hospital staff, management and caregivers about patient handling and early care process. This program had got tremendous success by reducing 84% injuring in patient handling in North America. Apart from this, Mercy Health saved an estimated US$ 2.0 Mn in just one year because of this initiative.
The aging population is projected to considerably drive the growth of the global patient handling equipment market during the forecast period. Additionally, technological advancements in patient handling equipment in order to improve ergonomics and convenience are anticipated to fuel the adoption of patient handling equipment in the near future.
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The reluctance of caregivers and patients to utilize patient handling equipment due to complex operations and lack of awareness about patient handling equipment in emerging nations are expected to hamper the growth of the global patient handling equipment market.
Some of the major companies that are present in the global patient handling equipment market are Guldmann, Handicare, DJO Global, Hill-Rom Services Inc., Invacare Corporation, Arjo, Etac AB, Joerns Healthcare LLC, Permobil AB, Stryker, HoverTech International, Midmark Corporation and others.
· Repositioning Aids
· Mechanical Lifting
· Acute Care
· Mobility Support
· Fall Prevention
By End User
· Ambulatory Surgery Centres
· Home Care Settings
· North America (USA and Canada)
· Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
· Latin America (Brazil, Mexico and Rest of Latin America)
· Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
Among the end user, home care settings segment is projected to register comparatively higher CAGR in the global patient handling equipment market owing to the rising emphasis on self-care and better convenience offered by patient handling equipment.
North America is expected to register comparatively higher share of the global patient handling equipment market owing to well-developed healthcare infrastructure, high healthcare expenditure and a rising emphasis on prevention of patient injuries. Asia Pacific is projected to have considerably higher CAGR owing to the larger patient pool, developing healthcare infrastructure and longer hospital stays.
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