Patient Handling Equipment Market by Type (Wheelchairs, Mobility Scooters, Medical Beds (Electric Beds), Patient Transfer Device (Lift (Ceiling Lifts), Slings, Slide Sheets), Stretchers), End User (Hospitals, Home Care settings) - Global Forecast to 2024
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Request For Special Pricing[160 Pages Report]The patient handling equipment market is projected to reach USD 12.6 billion by 2024 from USD 8.9 billion in 2019, at a CAGR of 7.2% during the forecast period. The growth of this market is largely driven by factors such as the rising geriatric population, high risk of injuries to caregivers during the manual handling of patients, and the implementation of regulations ensuring the safety of healthcare personnel during manual lifting processes. However, the persistent difficulties in handling bariatric patients are expected to limit market growth to a certain extent.
The patient transfer devices segment is expected to account for the largest share of the patient handling equipment market in 2019
Based on type, the market is segmented into mobility devices, medical beds, bathroom & toilet assist equipment, patient transfer devices, and stretchers & transport chairs. In 2019, the patient transfer devices segment is expected to account for the largest share of the market. The large share of this segment can primarily be attributed to factors such as the increasing installation of ceiling lifts in hospitals and the growing adoption of patient lifts for bariatric patient handling.
Based on end user, the hospitals segment dominates the patient handling equipment market in 2019
Based on end user, the patient handling equipment market is segmented into hospitals, home care settings, and other end users (elderly care facilities, emergency medical services, long-term acute care centers, trauma centers, and nursing homes). The hospitals segment is expected to account for the largest share of the market. The large share of this segment is attributed to the growing patient population, increasing geriatric population, rising number of disabled people, increasing number of injuries caused during the patient handling process, and the increasing preference for patient handling equipment over manual handling in hospitals.
The APAC market is expected to grow at the highest CAGR during the forecast period.
The APAC market is estimated to grow at the highest CAGR during the forecast period. Factors such as the increasing incidence of MSD-caused injuries to caregivers, growth in the elderly population, healthcare infrastructure improvements, and the increasing prevalence of chronic diseases are the major factors driving market growth in the Asia Pacific. Several countries in the APAC have implemented policies for safe handling to prevent caregiver injuries while transferring and lifting patients. In addition, the overall expansion of economies in India, China, and Southeast Asia has further compelled key industry players to invest in this region owing to the lucrative opportunities presented by this market.
Key Market Players
The major companies in the patient handling equipment market include Arjo (Sweden), Invacare (US), and Hill-Rom Holdings (US).
Arjo (Sweden) has a broad range of patient handling equipment, which ensures safe and comfortable patient handling. With its strong geographical presence, brand image, and wide distribution network, the company is expected to hold a significant position in the market. Approximately 44% of Arjos total sales attributed to its patient lift, slings, stretchers, and medical bed portfolio. The companys main customers are private and public institutions, providing acute and long-term care.
Arjo has consistently focused on prioritizing product design and user-friendliness in the development of new and existing products in order to maintain its position in this market. In 2018, Arjos research and development costs amounted to USD 16.2 million, which corresponded to 1.7% of its sales. This has significantly helped the company in conducting customer-focused research and developing enhanced solutions to solve complex business challenges.
Scope of the Report
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Report Metric |
Details |
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Market size available for years |
20172024 |
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Base year considered |
2018 |
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Forecast period |
20192024 |
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Forecast units |
Values (USD Billion) |
|
Segments covered |
Patient handling equipment market, by type, end user, and region |
|
Geographies covered |
North America (US & Canada), Europe (Germany, France, UK, Italy, Spain, and RoE) APAC (Japan, China, India, and RoAPAC), and the RoW |
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Companies covered |
Arjo (Sweden), Hill-Rom Holdings (US), Invacare Corporation (US), Handicare (Sweden), GF Health Products (US), Etac (Sweden), Joerns Healthcare (US), Medline Industries, Inc. (US), Drive DeVilbiss Healthcare (US), Prism Medical UK (UK), EZ Way, Inc. (US), LINET (Czech Republic), Savaria (Canada), Malvestio (Italy), Ossenberg (Germany), Stryker Corporation (US), AirPal, Inc. (US), Antano Group (Italy), Stiegelmeyer (Germany), McAuley Medical (US), Mangar Health (UK), PARAMOUNT BED CO., LTD. (Japan), Lojer Oy (Finland), Guldmann (US), and SM Scientific Instruments (India). |
Based on Type, the patient handling equipment market is segmented as follows:
- Patient Transfer Devices
- Patient Lifts
- Ceiling Lifts
- Stair & Wheelchair Lifts
- Mobile Lifts
- Sit-to-Stand Lifts
- Bath & Pool Lifts
- Slings
- Air-assisted Lateral Transfer Mattresses
- Single-patient use air-assisted mattresses
- Reusable air-assisted Mattresses
- Sliding Sheets
- Accessories
- Medical Beds
- Medical Beds, by Type
- Manual Beds
- Electric Beds
- Semi-electric beds
- Medical Beds, by Application
- Acute Care
- Long-term Care
- Rehabilitation Care
- Bariatric Care
- Other Applications
- Mobility Devices
- Wheelchairs & Mobility Scooters
- Manual Wheelchairs
- Powered Wheelchairs
- Mobility Scooters
- Ambulatory Aids
- Bathroom & Toilet Assist Equipment
- Stretchers & Transport Chairs
Based on end users, the patient handling equipment market is segmented as follows:
- Hospitals
- Home Care Settings
- Other End Users (Emergency Medical Services, Elderly Care Facilities, Residential Care Communities, Trauma Centers, and Nursing Homes)
Based on region, the patient handling equipment market is segmented as follows:
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- RoE
- Asia Pacific
- Japan
- China
- India
- RoAPAC
- Rest of the World (RoW)
Key questions addressed by the report:
- Who are the major market players in the market?
- What are the regional growth trends and the largest revenue-generating regions for the market?
- What are the major drivers and challenges in the market?
- What are the major product segments in the market?
Frequently Asked Questions (FAQ):
What is the expected total market value of patient handling equipment in the next 4-5 years?
Based on the prevailing trends and estimated market value data as of 2018, the total market value of major patient handling equipment market is estimated to be about USD 13 billion as of 2024.
Which is the leading type of patient handling equipment market?
The global patient handling equipment market is segmented broadly into mobility devices, medical beds, bathroom & toilet assist equipment, patient transfer devices, and stretchers & transport chairs. In 2019, the patient transfer devices segment is expected to account for the largest share of the market. The large share of this segment can primarily be attributed to factors such as the increasing installation of ceiling lifts in hospitals and the growing adoption of patient lifts for bariatric patient handling.
Which is the leading end user for patient handling equipment market?
The end users of the patient handling equipment market is segmented into hospitals, home care settings, and other end users (elderly care facilities, emergency medical services, long-term acute care centers, trauma centers, and nursing homes). In 2019, the hospitals segment is expected to account for the largest share of the market. The large share of this segment is attributed to the growing patient population, increasing geriatric population, rising number of disabled people, increasing number of injuries caused during the patient handling process, and the increasing preference for patient handling equipment over manual handling in hospitals.
Who are the key players operating in the patient handling equipment market?
The global patient handling equipment market is highly competitive and fragmented. The prominent players operating in this market include Arjo (Sweden), Hill-Rom Holdings (US), Invacare Corporation (US), Handicare (Sweden), GF Health Products (US), Etac (Sweden), Joerns Healthcare (US), Medline Industries, Inc. (US), Drive DeVilbiss Healthcare (US), Prism Medical UK (UK), EZ Way, Inc. (US), LINET (Czech Republic), Savaria (Canada), Malvestio (Italy), Ossenberg (Germany), Stryker Corporation (US), AirPal, Inc. (US), Antano Group (Italy), Stiegelmeyer (Germany), McAuley Medical (US), Mangar Health (UK), PARAMOUNT BED CO., LTD. (Japan), Lojer Oy (Finland), Guldmann (US), and SM Scientific Instruments (India).
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 16)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Markets Covered
1.4 Years Considered for the Study
1.5 Currency
1.6 Limitations
1.7 Stakeholders
2 Research Methodology (Page No. - 20)
2.1 Research Data
2.2 Secondary Data
2.2.1 Key Data From Secondary Sources
2.3 Primary Data
2.3.1 Key Data From Primary Sources
2.4 Market Size Estimation
2.5 Data Triangulation
2.5.1 Assumptions for the Study
2.5.2 Research Limitations
3 Executive Summary (Page No. - 28)
4 Premium Insights (Page No. - 31)
4.1 Patient Handling Equipment Market Overview
4.2 Patient Transfer Devices Market, By Type
4.3 Wheelchairs & Mobility Scooters Market, By Type, 2019 vs 2024 (USD Million)
4.4 European Market, By Country & End User (2018)
5 Market Overview (Page No. - 34)
5.1 Introduction
5.2 Drivers
5.2.1 Rising Geriatric and Obese Populations
5.2.2 High Risk of Injuries to Caregivers During the Manual Handling of Patients
5.2.3 Implementation of Regulations Ensuring the Safety of Healthcare Personnel During the Manual Lifting Process
5.3 Restraints
5.3.1 Lack of Training Provided to Caregivers for the Efficient Operation of Patient Handling Equipment
5.4 Opportunities
5.4.1 Rising Demand for Home Healthcare Services
5.5 Challenges
5.5.1 Persistent Difficulties in Handling Bariatric Patients
6 Patient Handling Equipment Market, By Type (Page No. - 38)
6.1 Introduction
6.2 Patient Transfer Devices
6.2.1 Patient Lifts
6.2.1.1 Ceiling Lifts
6.2.1.1.1 Ceiling Lifts Accounted for the Largest Share of the Patient Lifts Market in 2018
6.2.1.2 Stair & Wheelchair Lifts
6.2.1.2.1 Increasing Preference for Home Care is Driving Market Growth
6.2.1.3 Mobile Lifts
6.2.1.3.1 Advantages of Mobile Lifts have Driven End-User Demand
6.2.1.4 Sit-To-Stand Lifts
6.2.1.4.1 Growth in the Elderly Population is Expected to Foster the Adoption of Sit-To-Stand Lifts
6.2.1.5 Bath & Pool Lifts
6.2.1.5.1 Growth of the Aged and Disabled Populations have Driven the Demand for Bath & Pool Lifts
6.2.2 Slings
6.2.2.1 Government Policies Promoting the Use of Medical Lifting Slings to Support Market Growth
6.2.3 Air-Assisted Lateral Transfer Mattresses
6.2.3.1 Reusable Air-Assisted Mattresses
6.2.3.1.1 Durability and Long Lifespan have Driven the Demand for Reusable Mattresses
6.2.3.2 Single-Patient Use Air-Assisted Mattresses
6.2.3.2.1 Disposable Air-Assisted Mattresses Save Costs and Logistics Associated With Laundering
6.2.4 Sliding Sheets
6.2.4.1 Sliding Sheets Facilitate Safer, Easier, and More Comfortable Movement for Patients
6.2.5 Accessories
6.3 Medical Beds
6.3.1 Medical Beds, By Type
6.3.1.1 Electric Beds
6.3.1.1.1 Electric Beds are Adjustable and Reduce Manual Patient Handling Tasks
6.3.1.2 Manual Beds
6.3.1.2.1 Manual Beds are Cost-Effective and Beneficial for Small Healthcare Settings
6.3.1.3 Semi-Electric Beds
6.3.1.3.1 Semi-Electric Beds are Lightweight, Easy to Use, and Economical
6.3.2 Medical Beds, By Application
6.3.2.1 Acute Care
6.3.2.1.1 Increased Number of Critically Ill Patients to Drive the Market for Acute Care Beds
6.3.2.2 Long-Term Care
6.3.2.2.1 Demand for Long-Term Care is Increasing Globally
6.3.2.3 Rehabilitation
6.3.2.3.1 Adoption of Rehabilitation Services is Increasing Due to the Increase in Chronic Disease Prevalence
6.3.2.4 Bariatric Care
6.3.2.4.1 Rising Demand for Specially Designed Beds for Obese Patients is A Key Market Driver
6.3.2.5 Other Applications
6.4 Mobility Devices
6.4.1 Wheelchairs & Mobility Scooters
6.4.1.1 Powered Wheelchairs
6.4.1.1.1 Advantages Over Other Wheelchair Types have Contributed to the Demand for Powered Wheelchairs
6.4.1.2 Mobility Scooters
6.4.1.2.1 Mobility Scooters Help Users to Travel Across Long Distances
6.4.1.3 Manual Wheelchairs
6.4.1.3.1 Manual Wheelchairs are Affordable and Cost Less Than Powered Wheelchairs
6.4.2 Ambulatory Aids
6.4.2.1 Increasing Incidence of Lifestyle Diseases to Drive the Demand for Ambulatory Aids
6.5 Bathroom & Toilet Assist Equipment
6.5.1 Bathroom & Toilet Assist Equipment Provide Easy Mobility Solutions for People Affected By Neuromuscular Disorders
6.6 Stretchers & Transport Chairs
6.6.1 Technological Advancements are Driving the Market for Stretchers and Transport Chairs
7 Patient Handling Equipment Market, By End User (Page No. - 60)
7.1 Introduction
7.2 Hospitals
7.2.1 Hospitals are the Largest End Users of Patient Handling Equipment
7.3 Home Care Settings
7.3.1 Rising Demand for Home Care to Support Market Growth
7.4 Other End Users
8 Patient Handling Equipment Market, By Region (Page No. - 67)
8.1 Introduction
8.2 Europe
8.2.1 Germany
8.2.1.1 Germany Accounted for the Largest Share of the European Market in 2018
8.2.2 UK
8.2.2.1 Wide Acceptance of No-Lift Approach Will Increase the Adoption of Patient Handling Equipment
8.2.3 France
8.2.3.1 Growing Healthcare Expenditure and Favorable Reimbursement Scenario to Support Market Growth in France
8.2.4 Italy
8.2.4.1 Adoption of Patient Lifting Techniques in the Italian Healthcare Industry Will Reduce the Economic Burden of Fall Injuries and Msds
8.2.5 Spain
8.2.5.1 Increasing Life Expectancy has Driven the Adoption of Patient Handling Equipment in Spain
8.2.6 Rest of Europe
8.3 North America
8.3.1 US
8.3.1.1 Increasing Prevalence of Obesity is Driving Market Growth in the US
8.3.2 Canada
8.3.2.1 Increasing Disabled Population to Boost the Demand for Patient Handling Equipment
8.4 Asia Pacific
8.4.1 Japan
8.4.1.1 Japan to Account for the Largest Share of the APAC Patient Handling Equipment Market
8.4.2 China
8.4.2.1 Market in China to Grow at the Highest CAGR During the Forecast Period
8.4.3 India
8.4.3.1 Adoption of Safety Guidelines for Patient Handling in Hospitals to Drive the Demand for Patient Handling Equipment in India
8.4.4 Rest of Asia Pacific
8.5 Rest of the World
9 Competitive Landscape (Page No. - 90)
9.1 Introduction
9.2 Market Ranking Analysis, 2018
9.3 Competitive Leadership Mapping
9.3.1 Visionary Leaders
9.3.2 Innovators
9.3.3 Dynamic Differentiators
9.3.4 Emerging Companies
9.4 Competitive Scenario
9.4.1 Product Launches
9.4.2 Acquisitions
9.4.3 Expansions
9.4.4 Partnerships
10 Company Profiles (Page No. - 95)
(Business Overview, Products Offered, Recent Developments, MnM View)*
10.1 Arjo
10.2 Hill-Rom Holdings, Inc.
10.3 Invacare Corporation
10.4 Stryker Corporation
10.5 Drive Divilbiss Healthcare, Inc.
10.6 ETAC AB
10.7 Gf Health Products, Inc.
10.8 Guldmann, Inc.
10.9 Handicare Group AB
10.10 Joerns Healthcare LLC.
10.11 Medline Industries, Inc.
10.12 Prism Medical UK
10.13 Linet
10.14 Stiegelmeyer GmbH & Co. Kg
10.15 Savaria
10.16 Malvestio SPA
10.17 Ez Way, Inc.
10.18 Ossenberg GmbH
10.19 Antano Group
10.20 Airpal, Inc.
*Business Overview, Products Offered, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.
11 Appendix (Page No. - 154)
11.1 Discussion Guide
11.2 Knowledge Store: Marketsandmarkets Subscription Portal
11.3 Available Customizations
11.4 Related Reports
11.5 Author Details
List of Tables (102 Tables)
Table 1 Geriatric Population, By Region, 2017 vs 2050
Table 2 Patient Handling Equipment Market, By Type, 20172024 (USD Million)
Table 3 Patient Transfer Devices Market, By Type, 20172024 (USD Million)
Table 4 Patient Transfer Devices Market, By Region, 20172024 (USD Million)
Table 5 Europe: Patient Transfer Devices Market, By Country, 20172024 (USD Million)
Table 6 North America: Patient Transfer Devices Market, By Country, 20172024 (USD Million)
Table 7 APAC: Patient Transfer Devices Market, By Country, 20172024 (USD Million)
Table 8 Patient Lifts Market, By Type, 20172024 (USD Million)
Table 9 Patient Lifts Market, By Region, 20172024 (USD Million)
Table 10 Ceiling Lifts Market, By Region, 20172024 (USD Million)
Table 11 North America: Ceiling Lifts Market, By Country, 20172024 (USD Million)
Table 12 Stair & Wheelchair Lifts Market, By Region, 20172024 (USD Million)
Table 13 North America: Stair & Wheelchair Lifts Market, By Country, 20172024 (USD Million)
Table 14 Mobile Lifts Market, By Region, 20172024 (USD Million)
Table 15 North America: Mobile Lifts Market, By Country, 20172024 (USD Million)
Table 16 Sit-To-Stand Lifts Market, By Region, 20172024 (USD Million)
Table 17 North America: Sit-To-Stand Lifts Market, By Country, 20172024 (USD Million)
Table 18 Bath & Pool Lifts Market, By Region, 20172024 (USD Million)
Table 19 North America: Bath & Pool Lifts Market, By Country, 20172024 (USD Million)
Table 20 Slings Market, By Region, 20172024 (USD Million)
Table 21 Air-Assisted Lateral Transfer Mattresses Market, By Type, 20172024 (USD Million)
Table 22 Air-Assisted Lateral Transfer Mattresses Market, By Region, 20172024 (USD Million)
Table 23 Sliding Sheets Market, By Region, 20172024 (USD Million)
Table 24 Accessories Market, By Region, 20172024 (USD Million)
Table 25 Medical Beds Market, By Region, 20172024 (USD Million)
Table 26 Europe: Medical Beds Market, By Country, 20172024 (USD Million)
Table 27 North America: Medical Beds Market, By Country, 20172024 (USD Million)
Table 28 APAC: Medical Beds Market, By Country, 20172024 (USD Million)
Table 29 Medical Beds Market, By Type, 20172024 (USD Million)
Table 30 Medical Beds Market, By Application, 20172024 (USD Million)
Table 31 Mobility Devices Market, By Type, 20172024 (USD Million)
Table 32 Mobility Devices Market, By Region, 20172024 (USD Million)
Table 33 North America: Mobility Devices Market, By Country, 20172024 (USD Million)
Table 34 Europe: Mobility Devices Market, By Country, 20172024 (USD Million)
Table 35 APAC: Mobility Devices Market, By Country, 20172024 (USD Million)
Table 36 Wheelchairs & Mobility Scooters Market, By Type, 20172024 (USD Million)
Table 37 Wheelchairs & Mobility Scooters Market, By Region, 20172024 (USD Million)
Table 38 Powered Wheelchairs Market, By Region, 20172024 (USD Million)
Table 39 Mobility Scooters Market, By Region, 20172024 (USD Million)
Table 40 Manual Wheelchairs Market, By Region, 20172024 (USD Million)
Table 41 Ambulatory Aids Market, By Region, 20172024 (USD Million)
Table 42 Patient Handling Equipment Market, By End User, 20172024 (USD Million)
Table 43 Market for Hospitals, By Region, 20172024 (USD Million)
Table 44 Europe: Market for Hospitals, By Country, 20172024 (USD Million)
Table 45 North America: Market for Hospitals, By Country, 20172024 (USD Million)
Table 46 APAC: Market for Hospitals, By Country, 20172024 (USD Million)
Table 47 Market for Home Care Settings, By Region, 20172024 (USD Million)
Table 48 Europe: Market for Home Care Settings, By Country, 20172024 (USD Million)
Table 49 North America: Market for Home Care Settings, By Country, 20172024 (USD Million)
Table 50 APAC: Market for Home Care Settings, By Country, 20172024 (USD Million)
Table 51 Market for Other End Users, By Region, 20172024 (USD Million)
Table 52 Europe: Market for Other End Users, By Country, 20172024 (USD Million)
Table 53 North America: Patient Handling Equipment Market for Other End Users, By Country, 20172024 (USD Million)
Table 54 APAC: Market for Other End Users, By Country, 20172024 (USD Million)
Table 55 Market, By Region, 20172024 (USD Million)
Table 56 Europe: Market, By Type, 20172024 (USD Million)
Table 57 Europe: Mobility Devices Market, By Type, 20172024 (USD Million)
Table 58 Europe: Wheelchairs & Mobility Scooters Market, By Type, 20172024 (USD Million)
Table 59 Europe: Patient Transfer Devices Market, By Type, 20172024 (USD Million)
Table 60 Europe: Market, By End User, 20172024 (USD Million)
Table 61 Europe: Market, By Country, 20172024 (USD Million)
Table 62 Germany: Market, By Type, 20172024 (USD Million)
Table 63 Germany: Market, By End User, 20172024 (USD Million)
Table 64 UK: Market, By Type, 20172024 (USD Million)
Table 65 UK: Market, By End User, 20172024 (USD Million)
Table 66 France: Market, By Type, 20172024 (USD Million)
Table 67 France: Market, By End User, 20172024 (USD Million)
Table 68 Italy: Patient Handling Equipment Market, By Type, 20172024 (USD Million)
Table 69 Italy: Market, By End User, 20172024 (USD Million)
Table 70 Spain: Market, By Type, 20172024 (USD Million)
Table 71 Spain: Market, By End User, 20172024 (USD Million)
Table 72 RoE: Market, By Type, 20172024 (USD Million)
Table 73 RoE: Market, By End User, 20172024 (USD Million)
Table 74 North America: Market, By Type, 20172024 (USD Million)
Table 75 North America: Mobility Devices Market, By Type, 20172024 (USD Million)
Table 76 North America: Wheelchairs & Mobility Scooters Market, By Type, 20172024 (USD Million)
Table 77 North America: Patient Transfer Devices Market, By Type, 20172024 (USD Million)
Table 78 North America: Market, By End User, 20172024 (USD Million)
Table 79 North America: Market, By Country, 20172024 (USD Million)
Table 80 US: Market, By Type, 20172024 (USD Million)
Table 81 US: Market, By End User, 20172024 (USD Million)
Table 82 Canada: Market, By Type, 20172024 (USD Million)
Table 83 Canada: Market, By End User, 20172024 (USD Million)
Table 84 APAC: Market, By Type, 20172024 (USD Million)
Table 85 APAC: Mobility Devices Market, By Type, 20172024 (USD Million)
Table 86 APAC: Wheelchairs & Mobility Scooters Market, By Type, 20172024 (USD Million)
Table 87 APAC: Patient Transfer Devices Market, By Type, 20172024 (USD Million)
Table 88 APAC: Patient Handling Equipment Market, By End User, 20172024 (USD Million)
Table 89 APAC: Market, By Country, 20172024 (USD Million)
Table 90 Japan: Market, By Type, 20172024 (USD Million)
Table 91 Japan: Market, By End User, 20172024 (USD Million)
Table 92 China: Market, By Type, 20172024 (USD Million)
Table 93 China: Market, By End User, 20172024 (USD Million)
Table 94 India: Market, By Type, 20172024 (USD Million)
Table 95 India: Market, By End User, 20172024 (USD Million)
Table 96 RoAPAC: Market, By Type, 20172024 (USD Million)
Table 97 RoAPAC: Market, By End User, 20172024 (USD Million)
Table 98 RoW: Market, By Type, 20172024 (USD Million)
Table 99 RoW: Mobility Devices Market, By Type, 20172024 (USD Million)
Table 100 RoW: Wheelchairs & Mobility Scooters Market, By Type, 20172024 (USD Million)
Table 101 RoW: Patient Transfer Devices Market, By Type, 20172024 (USD Million)
Table 102 RoW: Patient Handling Equipment Market, By End User, 20172024 (USD Million)
List of Figures (23 Figures)
Figure 1 Research Design
Figure 2 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 3 Research Methodology: Hypothesis Building
Figure 4 Market Size Estimation: Patient Handling Equipment Market
Figure 5 Data Triangulation Methodology
Figure 6 Market Share, By Type, 2018
Figure 7 Market, By End User, 2018
Figure 8 Geographical Snapshot of the Market
Figure 9 High Risk of Injuries to Caregivers During the Manual Handling of Patients to Drive Market Growth
Figure 10 Patient Lifts Segment to Register the Highest Growth During the Forecast Period (20192024)
Figure 11 Powered Wheelchairs Segment to Dominate the Market in 2019
Figure 12 Hospitals Were the Largest End Users of Patient Handling Equipment in Europe in 2018
Figure 13 Market: Drivers, Restraints, Opportunities, and Challenges
Figure 14 Europe: Patient Handling Equipment Market Snapshot
Figure 15 APAC: Market Snapshot
Figure 16 Top 3 Companies in the Global Market (2018)
Figure 17 Market (Global) Competitive Leadership Mapping, 2018
Figure 18 Arjo: Company Snapshot (2018)
Figure 19 Hill-Rom Holdings, Inc.: Company Snapshot (2018)
Figure 20 Invacare Corporation: Company Snapshot (2018)
Figure 21 Stryker: Company Snapshot (2018)
Figure 22 Handicare: Company Snapshot (2018)
Figure 23 Savaria: Company Snapshot (2018)
The study involved two major activities in estimating the current market size of the patient handling equipment market. Exhaustive research was conducted to collect information on the market as well as its peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
The secondary sources referred to for this research study include government sources, such as the US Census Bureau, World Health Organization (WHO), Organisation for Economic Co-operation and Development (OECD), World Bank, corporate filings (such as annual reports, investor presentations, and financial statements), and trade, business, and professional associations, among others. The secondary data was collected and analyzed to arrive at the overall market size, which was further validated by primary research. Secondary research was mainly used to obtain key information about the industrys pool of key players, market classification and segmentation according to industry trends to the bottom-most segment level, global market trends, and key developments by both public and private organizations in the patient handling equipment market.
The secondary sources referred to for this research study include government sources, independent or public sources, paid/private databases, and research databases, among others. Secondary data was collected and analyzed to arrive at the overall market size of the market, which was further validated by primary research. Key secondary sources referred to during the preparation of this report are listed below:
Governmental and Inter-governmental Sources & Databases: World Bank, American Association for Safe Patient Handling & Movement, National Health Services (NHS), US Food and Drug Administration (US FDA), Health Canada, and Occupational Safety and Health Administration (OSHA) Business and Research Articles: Springer Nature, The Lancet, PubMed, and US National Library of Medicine, among others Company Sources: Annual reports, SEC filings, regulatory filings, investor presentations, press releases, and financial statements, among others
Primary Research
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. Primary sources are mainly industry experts from core & related industries and preferred suppliers, manufacturers, distributors, technology developers, researchers, and organizations related to all segments of this industrys value chain. In-depth interviews were conducted with various primary respondents, including key industry participants, subject-matter experts (SMEs), C-level executives of key market players, and industry consultants, among other experts, to obtain and verify the critical qualitative and quantitative information as well as assess future prospects
Primary research was conducted to identify segmentation types, industry trends, key players, and key market dynamics, such as drivers, opportunities, challenges, and restraints.
Following is the breakup of primary respondents:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
A detailed market estimation approach was followed to estimate and validate the value of the global patient handling equipment market and other dependent submarkets, as mentioned below:
- The market value of the patient transfer devices segment has been extracted from the MNM repository and validated through secondary and primary research.
- The market share of the patient lifts and slings segment in the market was derived from secondary and validated through primary research.
- The market share of the patient lifts and slings segment was extrapolated to estimate the global market value.
- This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives.
- The bottom-up approach has been applied to different regions and other segments of the market. All percentage shares, splits, and breakdowns have been determined by using secondary sources and verified through primary sources.
- All the possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data is consolidated and added with detailed inputs and analysis from MarketsandMarkets and presented in this report.
Data Triangulation
- After arriving at the overall market size of the global patient handling equipment market through the above-mentioned methodology, this market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact market value data for the key segments and subsegments. The extrapolated market data was triangulated by studying various macroindicators and regional trends from both the demand- and supply-side participants.
Report Objectives
- To define, describe, and forecast the market on the basis of type, end user, and region
- To provide detailed information regarding the major factors influencing market growth (drivers, restraints, opportunities, and challenges)
- To strategically analyze micromarkets1 with respect to individual growth trends, future prospects, and contributions to the overall market
- To analyze the opportunities in the market for stakeholders and provide details on the competitive landscape for market leaders
- To forecast the market size (by value) of segments with respect to four main regions (along with countries), namely, North America, Europe, the Asia Pacific, and the Rest of the World2
- To strategically profile the key players and comprehensively analyze their core competencies3
- To track and analyze competitive developments such as acquisitions; product launches, approvals, and enhancements; partnerships, agreements, contracts, and collaborations; and R&D activities in the patient handling equipment market
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Patient Handling Equipment Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
Growth opportunities and latent adjacency in Patient Handling Equipment Market