The key players operating in the patient handling equipment market include Arjo (Sweden), Baxter International, Inc. (US) and Savaria (Canada).
The global patient handling equipment market is projected to reach USD 14.0 billion by 2027 from USD 10.4 billion in 2022, at a CAGR of 6.2% during the forecast period. Growth in this market is largely driven by the increasing number of geriatric and obese populations, growing risk of accidents to caregivers while manually handling patients, rising number of patient admissions in hospitals, and the implementation of regulations and guidelines to ensure healthcare worker safety during the manual lifting. However, improper training provided to healthcare providers for the efficient operation of patient handling equipment is a major challenge that is hampering the market growth.
The global patient handling equipment market is segmented and labelled by various small and large companies. Some of the major players in this market include Arjo (Sweden), Baxter International, Inc.(US), Invacare Corporation (US), Savaria(Canada), and Stryker (US). The majority of market leaders offer a variety of patient handling equipment such as medical beds, patient lifts, slings, and wheelchairs. Several strategies have employed in the global patient handling equipment market to broaden their global footprint and enhance their market share. These key strategies include mergers product launches, collaborations, partnerships, & acquisitions, expansions, and agreements.
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Prominent players in the patient handling equipment market include Arjo (Sweden), Savaria (Canada), GF Health Products, Inc. (US), V. Guldmann A/S (Denmark), Invacare Corporation (US), Stryker (US), Etac AB (Sweden), Medline Industries, Inc. (US), and Prism Medical UK Ltd. (UK).
Arjo (US) is one of the leading player in the patient handling equipment market in 2022. The company is involved in the manufacturing and supplying of patient handling equipment, including lateral transfer patient lifts, floor lifters and slings, standing & raising aids, walking aids, stretchers, medical beds repositioning products, and mattresses. Arjo sells its products in more than 100 countries across North America, Western Europe, and the Rest of the World. The company intends to broaden its business in the global market mainly through acquisitions and partnerships. For instance, in 2021, Arjo (Sweden) acquired AirPal (US) to strengthen its patient handling product portfolio.
Baxter International, Inc. (US) is one of the leading player in the patient handling equipment market in 2022. The company manufactures important healthcare products, including smart bed systems; patient monitoring, sterile intravenous solutions; acute and chronic dialysis therapies; parenteral nutrition therapies; infusion systems and devices; inhaled anesthetics; generic injectable pharmaceuticals; and diagnostic technologies; as well as respiratory health devices. Baxter International, Inc. manufactures products in over 20 countries and sells them in over 100 countries.
Related Reports:
Patient Handling Equipment Market by Type (Patient Transfer Devices (Lifts , Sliding Sheets), Medical Beds (Electric, Manual), Mobility Devices (Powered Wheelchairs, Mobility Scooters), End User (Hospitals, Home-care Settings) - Global Forecast to 2027
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