The patient handling equipment market size has grown steadily in recent years. It will grow from $21.25 billion in 2023 to $22.1 billion in 2024 at a compound annual growth rate (CAGR) of 4.0%. The growth observed in the historical period can be ascribed to factors such as a rise in the geriatric population, an increase in healthcare expenditure, a growing prevalence of chronic diseases, robust economic growth in emerging markets, and regulations that promote the creation of disabled-friendly environments.
The patient handling equipment market size is expected to see steady growth in the next few years. It will grow to $26.19 billion in 2028 at a compound annual growth rate (CAGR) of 4.3%. The anticipated growth in the forecast period can be linked to improvements in healthcare infrastructure, an increase in healthcare expenditure, and the rapid expansion of the geriatric population. Noteworthy trends expected in the forecast period include an emphasis on integrating sensors and intelligence into wheelchairs to minimize the necessity for human interaction, substantial investments in research and development activities to create effective and innovative treatments, strategic collaborations aimed at fostering innovations and establishing category leadership in products and services, as well as the adoption of RFID technology to enhance the overall patient experience.
The growth of the patient handling equipment market is significantly influenced by the increasing demographic of elderly individuals in most countries. The higher proportion of the elderly population is associated with an increased likelihood of hospital admissions due to the elevated risk of chronic and other diseases, creating a greater demand for patient handling equipment. The World Health Organization projects that the number of individuals aged 65 years and above will reach 1.4 billion by 2030 and 2.1 billion by 2050. Consequently, the expanding size of the geriatric population is expected to drive the demand for patient handling equipment throughout the forecast period.
Anticipated growth in the patient-handling equipment market is driven by the increasing demand for hospital beds. Specifically designed for use in healthcare facilities, hospital beds provide patients with comfort, support, and safety. These beds are equipped with features such as height adjustment, head and foot elevation, and side railings, contributing to enhanced comfort, safety, ease of use, mobility, reduced bed sores, improved patient independence, and infection control. For example, in October 2022, according to gov.wales, a UK-based official website, the occupancy rate of NHS beds in 2021–22 was 81.2%, marking an 11.8 percentage point increase from the previous year. The rising demand for hospital beds is expected to drive the growth of the patient-handling equipment market.
A prominent trend in the patient handling equipment market is the emergence of smart wheelchairs. Smart wheelchairs are power wheelchairs equipped with sensors, cameras, and a computer-based system as the primary processing unit, enabling them to perform complex tasks. Notably, significant organizations and researchers are focusing on developing smart wheelchairs that integrate sensors and intelligence, thereby reducing the dependence on human interaction. For example, in March 2023, Golden Technologies LLC, a US-based company manufacturing mobility and healthcare products, including wheelchairs, introduced new lightweight foldable power wheelchairs - the GP301 Stride aluminum folding power wheelchair and the GP302 Cricket carbon fiber folding power wheelchair. These wheelchairs are designed for individuals requiring mobility assistance, offering adaptability and ease of travel.
Prominent companies in the patient handling equipment market are placing emphasis on innovative products such as the Progressa+ ICU bed to drive market revenues. The Progressa+ Next Gen ICU Bed is tailored for the demands of critical care, addressing high patient needs and potential staff shortages. For instance, in June 2023, Baxter International Inc., a US-based healthcare company specializing in the development and manufacturing of medical products and therapies, launched the Progressa+ Next Gen ICU Bed. This bed assists medical teams in managing respiratory, cutaneous, and mobility challenges commonly encountered in intensive care units. Progressa+'s advanced features simplify patient care for nurses while promoting patient recovery, offering capabilities and features to support critically ill patients.
In March 2021, Direct Healthcare Group, a UK-based medical device company, acquired United Care BV for an undisclosed amount. This acquisition enhances Direct Healthcare Group's safe moving and handling portfolio, enabling better service to customers. United Care BV is a Netherlands-based manufacturer of patient handling
Major companies operating in the patient handling equipment market report are Invacare Corporation, Hill-Rom Holdings Inc., ArjoHuntleigh Inc., Joerns Healthcare LLC, Handicare Group AB, Drive Divilbiss Healthcare Inc., ETAC AB, Gf Health Products Inc., Prism Medical UK, Guldmann Inc., Etac Limited, Arjo, Handicare (Xiamen) Co. Ltd., Linet Inc., Stryker Corporation, V. Guldmann A/S, Hill-Rom India Private Limited, Ottobock SE & Co, LINET, Malvestio, Ossenberg, Antano Group, Stiegelmeyer, Mangar Health, Lojer Oy, KNESTEL Technologie & Elektronik GmbH, Imaxdi, Karma, Reac Poland Sp.Zoo, Paramount Bed Holdings, Umano Medical, MEDITEK, AGA Sanitätsartikel GmbH, Drive DeVilbiss Healthcare, Brumaba GmbH & Co. KG, medifa-hesse GmbH & Co. KG, UFSK-International OSYS GmbH, Stiegelmeyer GmbH & Co. Kg, OpeMed Ltd., DJO LLC, Hill-Rom Services Inc., Getinge AB, Sunrise Medical LLC, Benmor Medical Limited, Paramount Bed Co. Ltd., Drive DeVilbiss Sidhil Ltd., Medline Industries Inc.
North America was the largest region in the patient handling equipment market in 2023. Western Europe was the second largest region in the global patient handling equipment market report. The regions covered in the patient handling equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the patient handling equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The market for patient handling equipment, as discussed in this report, is categorized based on product types, including wheelchairs, mobility scooters, medical beds, patient transfer equipment, and others. Patient transfer equipment is specifically designed for transferring patients between different locations, such as chairs and beds. The market is further segmented based on care types, encompassing critical care, fall prevention, bariatric care, and by end-users, including homecare, hospitals, and others.
The patient handling equipment market research report is one of a series of new reports that provides patient handling equipment market statistics, including patient handling equipment industry global market size, regional shares, competitors with a patient handling equipment market share, detailed patient handling equipment market segments, market trends and opportunities, and any further data you may need to thrive in the patient handling equipment industry. This patient handling equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The patient handling equipment market consists of sales of accessories, air lateral transfer systems, bed frames, commodes, patient lifts, stretchers, therapy surfaces, and transfer chairs. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The patient handling equipment market size is expected to see steady growth in the next few years. It will grow to $26.19 billion in 2028 at a compound annual growth rate (CAGR) of 4.3%. The anticipated growth in the forecast period can be linked to improvements in healthcare infrastructure, an increase in healthcare expenditure, and the rapid expansion of the geriatric population. Noteworthy trends expected in the forecast period include an emphasis on integrating sensors and intelligence into wheelchairs to minimize the necessity for human interaction, substantial investments in research and development activities to create effective and innovative treatments, strategic collaborations aimed at fostering innovations and establishing category leadership in products and services, as well as the adoption of RFID technology to enhance the overall patient experience.
The growth of the patient handling equipment market is significantly influenced by the increasing demographic of elderly individuals in most countries. The higher proportion of the elderly population is associated with an increased likelihood of hospital admissions due to the elevated risk of chronic and other diseases, creating a greater demand for patient handling equipment. The World Health Organization projects that the number of individuals aged 65 years and above will reach 1.4 billion by 2030 and 2.1 billion by 2050. Consequently, the expanding size of the geriatric population is expected to drive the demand for patient handling equipment throughout the forecast period.
Anticipated growth in the patient-handling equipment market is driven by the increasing demand for hospital beds. Specifically designed for use in healthcare facilities, hospital beds provide patients with comfort, support, and safety. These beds are equipped with features such as height adjustment, head and foot elevation, and side railings, contributing to enhanced comfort, safety, ease of use, mobility, reduced bed sores, improved patient independence, and infection control. For example, in October 2022, according to gov.wales, a UK-based official website, the occupancy rate of NHS beds in 2021–22 was 81.2%, marking an 11.8 percentage point increase from the previous year. The rising demand for hospital beds is expected to drive the growth of the patient-handling equipment market.
A prominent trend in the patient handling equipment market is the emergence of smart wheelchairs. Smart wheelchairs are power wheelchairs equipped with sensors, cameras, and a computer-based system as the primary processing unit, enabling them to perform complex tasks. Notably, significant organizations and researchers are focusing on developing smart wheelchairs that integrate sensors and intelligence, thereby reducing the dependence on human interaction. For example, in March 2023, Golden Technologies LLC, a US-based company manufacturing mobility and healthcare products, including wheelchairs, introduced new lightweight foldable power wheelchairs - the GP301 Stride aluminum folding power wheelchair and the GP302 Cricket carbon fiber folding power wheelchair. These wheelchairs are designed for individuals requiring mobility assistance, offering adaptability and ease of travel.
Prominent companies in the patient handling equipment market are placing emphasis on innovative products such as the Progressa+ ICU bed to drive market revenues. The Progressa+ Next Gen ICU Bed is tailored for the demands of critical care, addressing high patient needs and potential staff shortages. For instance, in June 2023, Baxter International Inc., a US-based healthcare company specializing in the development and manufacturing of medical products and therapies, launched the Progressa+ Next Gen ICU Bed. This bed assists medical teams in managing respiratory, cutaneous, and mobility challenges commonly encountered in intensive care units. Progressa+'s advanced features simplify patient care for nurses while promoting patient recovery, offering capabilities and features to support critically ill patients.
In March 2021, Direct Healthcare Group, a UK-based medical device company, acquired United Care BV for an undisclosed amount. This acquisition enhances Direct Healthcare Group's safe moving and handling portfolio, enabling better service to customers. United Care BV is a Netherlands-based manufacturer of patient handling
Major companies operating in the patient handling equipment market report are Invacare Corporation, Hill-Rom Holdings Inc., ArjoHuntleigh Inc., Joerns Healthcare LLC, Handicare Group AB, Drive Divilbiss Healthcare Inc., ETAC AB, Gf Health Products Inc., Prism Medical UK, Guldmann Inc., Etac Limited, Arjo, Handicare (Xiamen) Co. Ltd., Linet Inc., Stryker Corporation, V. Guldmann A/S, Hill-Rom India Private Limited, Ottobock SE & Co, LINET, Malvestio, Ossenberg, Antano Group, Stiegelmeyer, Mangar Health, Lojer Oy, KNESTEL Technologie & Elektronik GmbH, Imaxdi, Karma, Reac Poland Sp.Zoo, Paramount Bed Holdings, Umano Medical, MEDITEK, AGA Sanitätsartikel GmbH, Drive DeVilbiss Healthcare, Brumaba GmbH & Co. KG, medifa-hesse GmbH & Co. KG, UFSK-International OSYS GmbH, Stiegelmeyer GmbH & Co. Kg, OpeMed Ltd., DJO LLC, Hill-Rom Services Inc., Getinge AB, Sunrise Medical LLC, Benmor Medical Limited, Paramount Bed Co. Ltd., Drive DeVilbiss Sidhil Ltd., Medline Industries Inc.
North America was the largest region in the patient handling equipment market in 2023. Western Europe was the second largest region in the global patient handling equipment market report. The regions covered in the patient handling equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the patient handling equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The market for patient handling equipment, as discussed in this report, is categorized based on product types, including wheelchairs, mobility scooters, medical beds, patient transfer equipment, and others. Patient transfer equipment is specifically designed for transferring patients between different locations, such as chairs and beds. The market is further segmented based on care types, encompassing critical care, fall prevention, bariatric care, and by end-users, including homecare, hospitals, and others.
The patient handling equipment market research report is one of a series of new reports that provides patient handling equipment market statistics, including patient handling equipment industry global market size, regional shares, competitors with a patient handling equipment market share, detailed patient handling equipment market segments, market trends and opportunities, and any further data you may need to thrive in the patient handling equipment industry. This patient handling equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The patient handling equipment market consists of sales of accessories, air lateral transfer systems, bed frames, commodes, patient lifts, stretchers, therapy surfaces, and transfer chairs. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Table of Contents
1. Executive Summary2. Patient Handling Equipment Market Characteristics3. Patient Handling Equipment Market Trends and Strategies32. Global Patient Handling Equipment Market Competitive Benchmarking33. Global Patient Handling Equipment Market Competitive Dashboard34. Key Mergers and Acquisitions in the Patient Handling Equipment Market
4. Patient Handling Equipment Market - Macro Economic Scenario
5. Global Patient Handling Equipment Market Size and Growth
6. Patient Handling Equipment Market Segmentation
7. Patient Handling Equipment Market Regional and Country Analysis
8. Asia-Pacific Patient Handling Equipment Market
9. China Patient Handling Equipment Market
10. India Patient Handling Equipment Market
11. Japan Patient Handling Equipment Market
12. Australia Patient Handling Equipment Market
13. Indonesia Patient Handling Equipment Market
14. South Korea Patient Handling Equipment Market
15. Western Europe Patient Handling Equipment Market
16. UK Patient Handling Equipment Market
17. Germany Patient Handling Equipment Market
18. France Patient Handling Equipment Market
19. Italy Patient Handling Equipment Market
20. Spain Patient Handling Equipment Market
21. Eastern Europe Patient Handling Equipment Market
22. Russia Patient Handling Equipment Market
23. North America Patient Handling Equipment Market
24. USA Patient Handling Equipment Market
25. Canada Patient Handling Equipment Market
26. South America Patient Handling Equipment Market
27. Brazil Patient Handling Equipment Market
28. Middle East Patient Handling Equipment Market
29. Africa Patient Handling Equipment Market
30. Patient Handling Equipment Market Competitive Landscape and Company Profiles
31. Patient Handling Equipment Market Other Major and Innovative Companies
35. Patient Handling Equipment Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Patient Handling Equipment Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on patient handling equipment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
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- Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
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- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
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- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for patient handling equipment? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered:1) By Product Type: Wheelchairs; Mobility Scooters; Medical Beds; Patient Transfer Equipment; Other Product Types
2) By Care Type: Critical Care; Fall Prevention; Bariatric Care; Wound Care; Other Care Types
3) By End-user: Homecare; Hospitals; Other End-Users
Key Companies Mentioned: Invacare Corporation; Hill-Rom Holdings Inc.; ArjoHuntleigh Inc.; Joerns Healthcare LLC; Handicare Group AB
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Invacare Corporation
- Hill-Rom Holdings Inc.
- ArjoHuntleigh Inc.
- Joerns Healthcare LLC
- Handicare Group AB
- Drive Divilbiss Healthcare Inc.
- ETAC AB
- Gf Health Products Inc.
- Prism Medical UK
- Guldmann Inc.
- Etac Limited
- Arjo
- Handicare (Xiamen) Co. Ltd.
- Linet Inc.
- Stryker Corporation
- V. Guldmann A/S
- Hill-Rom India Private Limited
- Ottobock SE & Co
- LINET
- Malvestio
- Ossenberg
- Antano Group
- Stiegelmeyer
- Mangar Health
- Lojer Oy
- KNESTEL Technologie & Elektronik GmbH
- Imaxdi
- Karma
- Reac Poland Sp.Zoo
- Paramount Bed Holdings
- Umano Medical
- MEDITEK
- AGA Sanitätsartikel GmbH
- Drive DeVilbiss Healthcare
- Brumaba GmbH & Co. KG
- medifa-hesse GmbH & Co. KG
- UFSK-International OSYS GmbH
- Stiegelmeyer GmbH & Co. Kg
- OpeMed Ltd.
- DJO LLC
- Hill-Rom Services Inc
- Getinge AB
- Sunrise Medical LLC
- Benmor Medical Limited
- Paramount Bed Co. Ltd.
- Drive DeVilbiss Sidhil Ltd.
- Medline Industries Inc.
Methodology
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