Patient Handling Equipment Market Size, Growth, Report 2033

The global patient handling equipment market size accounted for USD 11.90 billion in 2023 and is anticipated to reach around USD 22.60 billion by 2033, growing at a CAGR of 6.62% from 2024 to 2033.

Patient Handling Equipment Market Size 2024 to 2033

The patient handling equipment market encompasses a wide range of devices and tools designed to facilitate the safe and efficient movement, lifting, and transfer of patients within healthcare settings. These include mobility aids, medical beds, slings, hoists, and other lifting and transfer equipment. The primary purpose of these tools is to ensure the safety and comfort of both patients and healthcare professionals, reducing the risk of injuries during patient handling and promoting patient care.

Growth Factors: The market is growing due to several factors, including an aging global population, which increases the demand for patient handling equipment in both home care and institutional care settings. Advances in medical technology have led to the development of more sophisticated and efficient equipment, driving market growth. Furthermore, a heightened awareness of patient and caregiver safety, along with stringent regulatory guidelines, has prompted healthcare facilities to adopt advanced patient handling equipment.

Region Insights: The patient handling equipment market varies across regions. In North America, the market is driven by a well-established healthcare infrastructure, increased adoption of innovative medical devices, and a focus on patient safety. Europe also experiences significant market growth due to its aging population and government initiatives to improve healthcare facilities. Asia-Pacific is an emerging market due to rising healthcare expenditure, an increase in the number of healthcare facilities, and a growing aging population.

Drivers: Key drivers of the patient handling equipment market include the rise in the aging population, which leads to an increased demand for patient care. Additionally, government initiatives to improve healthcare facilities and ensure patient safety, as well as technological advancements in patient handling equipment, contribute to market growth. The need for reducing healthcare worker injuries and improving patient comfort further fuels market expansion.

Opportunities: Opportunities in the patient handling equipment market include the development of more advanced and automated equipment that enhances patient care and safety. There is also potential for growth in emerging markets such as Asia-Pacific and Latin America, where increasing healthcare expenditure and improving medical infrastructure are opening up new avenues for market expansion. Collaborations and partnerships between manufacturers and healthcare providers can further drive innovation and market growth.

Challenges: Despite the positive growth prospects, the patient handling equipment market faces challenges such as high costs associated with advanced equipment and potential budget constraints in healthcare facilities. Additionally, a lack of awareness and training on the proper use of patient handling equipment can hinder market growth. Ensuring compliance with regulatory standards and maintaining the quality and safety of equipment are ongoing challenges for manufacturers and healthcare providers.

Recent Developments

In March 2023, Medtronic, the largest healthcare technology company in the world, and NVIDIA announced a partnership to develop AI in the healthcare system more quickly and integrate innovative AI-based solutions into patient care. The businesses will incorporate NVIDIA healthcare and edge AI technology into the Cosmo Pharmaceuticals-developed and -manufactured Medtronic GI Genius TM intelligent endoscopy module. The first AI-assisted colonoscopy tool approved by the FDA, GI Genius, enables doctors to find polyps that may eventually develop into colorectal cancer.
In December 2022, Helix Flex, a new device from Freudenberg Medical, was introduced at PMEC India and CPhI. The product is a high-purity thermoplastic elastomer (TPE) tubing intended for fluid transfer applications in the biopharmaceutical industry.

Patient Handling Equipment Market Companies

Getinge
Stryker
Invacare
Hill Rom Services
Guldmann
HoverTech International
Handicare
Prism Medical
Ossenberg
Drive Medical
Antano Group
ORTHOS XXI
Stiegelmeyer
LINET
Joerns Healthcare

Segments Covered in the Report

By Product

Wheelchairs and Scooters
- Manual Wheelchair
  - Folding Frame Manual Wheelchairs
  - Rigid Frame Manual Wheelchairs
- Powered Wheelchair
- Mobility Scooters
Medical Beds
- Acute Care Beds
- Long Term Care Beds
- Bariatric Beds
- Others
Mechanical Lifting & Transfer Equipment
Ambulatory aid Devices
Bathroom Safety Supplies
Others