The global patient handling equipment market was valued at $9,515.9 million in 2015 and it is expected to grow at a CAGR of 10.5% during 2016-2022.
In the coming years, the patient handling equipment market is predicted to grow at a significant rate because of the surging geriatric population, difficulty in handling bariatric patient, rising incidence of disabilities, implementation of regulation against manual lifting of heavy loads, increasing prevalence of chronic and lifestyle associated diseases, high risk of injuries to caregivers during manual handling of patient, and growing number of surgeries. Patient handling equipment is utilized for transferring, supporting, or moving a patient or a patient’s body part.
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The rising incidence of disabilities is among the primary driving factors of the patient handling equipment market. Disability is a collective term for activity limitations, impairment, and participation restriction. As per the World Health Organization (WHO), about 15% of the world’s population is suffering from some form of disability. The cases of disability are further increasing due to the rise in prevalence of chronic diseases, aging, fall, accidents, injuries, and violence. Thus, in order to enhance transfer and mobility of disable patients, the requirement for patient handling equipment is rising.
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The growing requirement and penetration of patient handling equipment in developing countries is opening up wide opportunities for the players operating in the patient handling equipment market. The domain is still massively unexplored in several emerging economies. However, the healthcare industry growing considerably in countries such as India and China, owing to the large population base and enhancing healthcare infrastructure. This is encouraging the medical devices manufacturers to develop their manufacturing sites in these countries, which, in turn, is predicted to drive the market in the coming years.
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