Patient Handling Equipment Market Size, Share, Growth Analysis, By Type(Repositioning aids, hoists, mechanical lifting, beds), By Application(Acute care, mobility support, fall prevention and others), By Region - Industry Forecast 2024-2031

Patient Handling Equipment Market size was valued at USD 10.3 billion in 2022 and is poised to grow from USD 10.92 billion in 2023 to USD 17.55 billion by 2031, at a CAGR of 6.1% during the forecast period (2024-2031).

The competitive landscape of the global patient handling equipment market is characterized by intense competition among a diverse range of players, including manufacturers, suppliers, and service providers. The market is highly fragmented, with numerous regional and international players vying for market share. Key competitive strategies employed by these players include product innovation, strategic partnerships, mergers and acquisitions, and geographic expansion. Manufacturers are focused on developing technologically advanced and ergonomically designed equipment to enhance patient safety and comfort. Additionally, companies are investing in research and development activities to introduce novel solutions and gain a competitive edge. Collaboration with healthcare facilities and government organizations is also common to ensure the availability and customization of patient handling equipment based on specific requirements. Overall, the competitive landscape is dynamic and driven by the continuous pursuit of innovation and improving patient care outcomes. 'Prism Medical (Canada)', 'Getinge Group (Sweden)', 'Invacare Corporation (US)', 'Stiegelmeyer & Co. GmBH (Germany)', 'Hill-Rom Holdings Inc. (US)', 'Linet Spol. S.R.O. (Czech Republic)', 'Arjo (Sweden)', 'Guldmann Inc. (Denmark)', 'Stryker Corporation (US)', 'Joerns Healthcare (US)', 'Handicare Group AB (Sweden)', 'HoverTech International (US)', 'Drive DeVilbiss Healthcare (US)', 'Etac AB (Sweden)', 'Mangar Health (UK)', 'Sunrise Medical LLC (US)', 'Antano Group (Italy)', 'Joerns Healthcare Ltd. (UK)', 'Hoyer Global Group (US)', 'Paramount Bed Holdings Co., Ltd. (Japan)'

One key driver of the global patient handling equipment market is the increasing geriatric population. The world's population is aging at a rapid pace, leading to a higher prevalence of age-related conditions and mobility limitations. Elderly individuals often require assistance and specialized equipment for safe and efficient patient handling. The growing geriatric population drives the demand for patient handling equipment, including lifts, slings, and mobility aids, to ensure their proper care and mobility.

Increasing adoption of advanced technology and innovative features in patient handling devices: One key market trend in the global patient handling equipment market is the increasing adoption of advanced technology and innovative features in patient handling devices. Manufacturers are focusing on incorporating technologies such as motorized systems, smart sensors, and electronic controls into their equipment. These advancements aim to improve the ease of use, efficiency, and safety of patient handling processes. Additionally, features like adjustable height, trendelenburg positions, integrated scales, and pressure redistribution surfaces are being integrated into beds and other equipment to enhance patient comfort and prevent complications. The growing emphasis on technological advancements in patient handling equipment reflects the industry's commitment to delivering advanced solutions that meet the evolving needs of healthcare providers and improve patient outcomes.

The dominant region in the global patient handling equipment market is North America. North America holds a significant share in the market due to factors such as advanced healthcare infrastructure, high healthcare expenditure, and strong awareness about patient safety and quality of care. The region has a well-established market for patient handling equipment, with a wide range of products and services readily available. Additionally, favorable reimbursement policies and government initiatives to improve healthcare facilities further contribute to North America's dominance in the market.