Patient Handling Equipment Market: Growth, Size, Share, and Trends

This research study involved the extensive use of both primary and secondary sources. Various factors affecting the industry were studied to identify the segmentation by type, end user, region, industry trends, key players, competitive landscape of different equipment provided by market players, key player strategies, and key market dynamics, such as drivers, restraints, opportunities, challenges, and industry trends.

Secondary Research

This research study involved the widespread use of secondary sources; directories; databases such as Dun & Bradstreet, Bloomberg Business, and Factiva; white papers; annual reports; and companies’ house documents. Secondary research was used to identify and collect information for this extensive, technical, market-oriented, and commercial study of the global patient handling market. It was also used to obtain important information about the top players, market classification, and segmentation according to industry trends to the bottom-most level, geographic markets, and key developments related to the market and technology perspectives. A database of the key industry leaders was also prepared using secondary research.

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 from the supply side include industry experts such as CEOs, vice presidents, marketing and sales directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the patient handling market. Primary sources from the demand side include key executives from hospitals, pharmaceutical and medical device companies, and research institutes.

A breakdown of the primary respondents is provided below:

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The total size of the patient handling equipment market was arrived at after data triangulation from three different approaches, as mentioned below. After the completion of each approach, the weighted average of the the above approaches was taken based on the level of assumptions used in each approach.

Data Triangulation

After arriving at the market size, the total market was divided into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, data triangulation and market breakdown procedures were employed, wherever applicable.

Objectives of the Study

• To define, describe, and forecast the patient handling equipment market on the basis of type, end user, and region
• To provide detailed information about the factors influencing the market growth (such as drivers, restraints, challenges, and opportunities)
• To strategically analyze micromarkets1 with respect to the individual growth trends, prospects, and contributions to the overall patient handling equipment market
• To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players
• To forecast the size of the market segments with respect to five regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa
• To profile the key players and comprehensively analyze their core competencies2 in terms of key developments, product portfolios, and recent financials
• To track and analyze competitive developments such as acquisitions, product launches, partnerships, and expansions in the patient handling equipment market

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per your company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to 5)

Geographic Analysis

• Further breakdown of the Rest of Europe patient handling market into Austria, Belgium, and the Czech Republic.

Top players in the Patient Transfer Equipment Market by region

The patient transfer equipment market is highly competitive and includes several key players. Here are some of the top players in the patient transfer equipment market by region:

• North America:
  • Stryker Corporation
  • Hill-Rom Holdings, Inc.
  • ArjoHuntleigh, Inc.
  • TransMotion Medical
  • AliMed, Inc.
  • EZ Way, Inc.
  • HoverTech International
  • AirPal, Inc.
  • Blue Chip Medical Products, Inc.
  • DiaMedical USA
• Europe:
  • Arjo AB
  • Hill-Rom Holdings, Inc.
  • Handicare Group AB
  • Guldmann Inc.
  • Mangar Health
  • Patient Handling Europe AB
  • Sidhil Ltd.
  • Spectra Care Group
  • Invacare Corporation
  • Prism Medical UK
• Asia-Pacific:
  • Apex Health Care Mfg., Inc.
  • Hengshui KangPu Technology Development Co., Ltd.
  • Shanghai Pinxing Medical Equipment Co., Ltd.
  • Jiangsu Saikang Medical Equipment Co., Ltd.
  • Tzora Active Systems Ltd.
  • Benmor Medical (UK) Ltd.
  • Sidhil Ltd.
  • Briggs Healthcare
  • Vortran Medical Technology
  • Sizewise Rentals, LLC

Industry impact of Patient Transfer Equipment Market

The patient transfer equipment market has the potential to impact several industries, including:

Healthcare industry: The healthcare industry is expected to be the primary beneficiary of the patient transfer equipment market. Patient transfer equipment such as hospital beds, patient lifts, and transfer chairs are essential for patient mobility and comfort, and they play a critical role in preventing falls, reducing injuries, and improving patient outcomes.

Medical device industry: The medical device industry is closely associated with the patient transfer equipment market. The growing demand for patient transfer equipment is expected to drive the development of new and innovative products, leading to increased competition among manufacturers.

Rehabilitation industry: The rehabilitation industry is also expected to be impacted by the growth of the patient transfer equipment market. Patient transfer equipment is commonly used in rehabilitation facilities to help patients regain mobility and independence.

Long-term care industry: The long-term care industry is expected to benefit from the growth of the patient transfer equipment market. Patient transfer equipment is essential for providing high-quality care to patients in long-term care facilities, such as nursing homes and assisted living facilities.

Homecare industry: The homecare industry is another industry that is expected to be impacted by the growth of the patient transfer equipment market. Patient transfer equipment is commonly used in homecare settings to assist with patient mobility and transfer, enabling patients to remain at home for longer periods.

Growth drivers for Patient Transfer Equipment Market from macro to micro

The patient transfer equipment market is expected to experience growth due to several macro and micro drivers, including:

Macro Drivers:

Aging population: The aging population is expected to be a significant macro driver for the patient transfer equipment market. As the population ages, the demand for patient transfer equipment, such as hospital beds, patient lifts, and transfer chairs, is expected to increase.

Increasing prevalence of chronic diseases: Chronic diseases, such as cardiovascular diseases, respiratory diseases, and diabetes, are on the rise globally. Patients with chronic diseases often require long-term care and rehabilitation, which increases the demand for patient transfer equipment.

Technological advancements: The development of new and innovative patient transfer equipment, such as powered patient lifts and transfer chairs, is expected to drive market growth.

Government initiatives: Government initiatives aimed at improving healthcare infrastructure and increasing access to healthcare services are expected to fuel the growth of the patient transfer equipment market.

Micro Drivers:

Rising demand for homecare services: The increasing demand for homecare services is expected to drive the growth of the patient transfer equipment market, as patient transfer equipment is essential for providing high-quality care to patients at home.

Growing number of hospitals and healthcare facilities: The growing number of hospitals and healthcare facilities worldwide is expected to increase the demand for patient transfer equipment, such as hospital beds and patient lifts.

Increasing awareness about patient safety and comfort: Patients are becoming more aware of the importance of safety and comfort during hospital stays. Patient transfer equipment, such as pressure-relieving mattresses and specialty beds, are increasingly being used to improve patient comfort and safety.

Rise in medical tourism: Medical tourism is on the rise globally, and patients traveling to other countries for medical treatment often require patient transfer equipment during their stay.

Future hypothetical challenges for Patient Transfer Equipment Market

High cost of equipment: Patient transfer equipment can be expensive, particularly advanced equipment such as powered patient lifts and specialty beds. The high cost of equipment may limit market growth, particularly in emerging economies with limited healthcare budgets.

Competition from low-cost alternatives: Competition from low-cost alternatives, such as manual patient lifts and basic hospital beds, may impact the demand for advanced patient transfer equipment.

Regulatory requirements: The patient transfer equipment market is subject to strict regulatory requirements, particularly in developed markets such as the United States and Europe. Adhering to these requirements can be time-consuming and costly for manufacturers, which may impact market growth.

Limited awareness and adoption in developing countries: Developing countries may have limited awareness and adoption of patient transfer equipment, particularly in rural areas with limited healthcare infrastructure.

Limited reimbursement policies: The lack of comprehensive reimbursement policies for patient transfer equipment may limit market growth, particularly in regions with limited healthcare budgets.

Maintenance and servicing requirements: Patient transfer equipment requires regular maintenance and servicing to ensure safety and effectiveness. The high cost of maintenance and servicing may impact the demand for advanced equipment.

Top 10 use cases including existing and futuristic for Patient Transfer Equipment Market

Patient mobility and transfer: Patient transfer equipment is used to safely and easily transfer patients between beds, chairs, and other surfaces. This includes equipment such as patient lifts, transfer boards, and slide sheets.

Bariatric patient care: Bariatric patients require specialized patient transfer equipment that can support their weight and ensure safe transfer. This includes bariatric patient lifts, transfer chairs, and specialty beds.

Fall prevention and injury reduction: Patient transfer equipment can help reduce the risk of falls and injuries during transfers. This includes equipment such as gait belts, fall mats, and transfer slings.

Rehabilitation and therapy: Patient transfer equipment can be used in rehabilitation and therapy settings to assist patients with mobility and transfer. This includes equipment such as therapy transfer benches and standing frames.

Home healthcare: Patient transfer equipment can be used in home healthcare settings to assist patients with mobility and transfer. This includes equipment such as portable patient lifts and transfer chairs.

Emergency medical services: Patient transfer equipment is essential for emergency medical services, where rapid and safe transfer of patients is critical. This includes equipment such as ambulance cots and transfer boards.

Operating room and surgical settings: Patient transfer equipment is used in operating rooms and surgical settings to safely transfer patients during procedures. This includes equipment such as surgical tables and patient positioning devices.

Pediatrics and neonatal care: Pediatric and neonatal patients require specialized patient transfer equipment that can support their unique needs. This includes equipment such as pediatric patient lifts and neonatal transport incubators.

Virtual reality and simulation training: Patient transfer equipment can be used in virtual reality and simulation training for healthcare providers to practice safe patient transfer techniques. This includes virtual reality simulators and simulation manikins.

Robotics and automation: The use of robotics and automation in patient transfer equipment is a futuristic use case. This includes robotic patient lifts and automated transfer systems that can safely transfer patients with minimal human intervention.