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 global patient handling equipment market is a rapidly growing industry that encompasses a wide range of products and services designed to assist healthcare professionals in safely transferring, mobilizing, and caring for patients with mobility limitations or medical conditions. The market is driven by factors such as the increasing geriatric population, rising prevalence of chronic diseases, and growing awareness about patient safety and comfort. Patient handling equipment includes devices such as patient lifts, slings, stretchers, transfer aids, hospital beds, and mobility aids. These innovative solutions aim to reduce the risk of injuries to both patients and caregivers, enhance patient comfort, and improve overall healthcare outcomes. The market is witnessing significant technological advancements, with the integration of smart features, ergonomic designs, and motorized systems to streamline patient handling processes. Additionally, the adoption of electric and hydraulic equipment is gaining traction due to their ease of use and efficiency. North America has traditionally dominated the market due to advanced healthcare infrastructure, favorable reimbursement policies, and high awareness levels. However, the Asia-Pacific region is expected to witness substantial growth due to the increasing healthcare expenditure, expanding geriatric population, and rising healthcare awareness. Key market players are focused on product innovation, strategic collaborations, and mergers and acquisitions to strengthen their market presence and gain a competitive edge. Overall, the global patient handling equipment market is poised for significant growth as healthcare facilities and caregivers continue to prioritize patient safety, comfort, and efficient handling practices.

US Patient Handling Equipment Market is poised to grow at a sustainable CAGR for the next forecast year.