Tag Archives: Patient Handling Equipment Market

Patient Handling Equipment Market Witnesses Rising Demand and Investment from R&D Activities

Transparency Market Research has published a new market report titled, “Patient Handling Equipment Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024” According to the report, the global patient handling equipment market was valued at US$ 9.5 Bn in 2015 and is anticipated to expand at a CAGR of 10.2% from 2016 to 2024 to reach US$ 22.4 Bn in 2024.

Read Full Report: http://www.transparencymarketresearch.com/patient-handling-equipment-market.html

The patient handling equipment market is witnessing various new opportunities such as rental provisions emerging as a market trend among patients who require slings and lifts for short duration (i.e. for four months to six months) in healthcare settings. Moreover, provision for flexible rental payments enables rental providers in effectively managing cash flow throughout the year. These factors would further propel the growth of this market. The major drivers for the market growth include need for prevention of musculoskeletal injuries to both care providers as well as patients due to manual lifting of patients. In such cases, these equipment are considered the right option to lift patients in a proper manner. Secondly, the cost savings on labor will be directed to purchase equipment such as patient lifts, medical beds with assistive technology, and other such equipment, eventually minimizing the role of caregivers in assisting patients. The high benefit to cost ratio for investment made by health care settings will incentivize their adoption rates for patient handling equipment in developed economies.

The research report analyzes the current and future prospects of the patient handling equipment market across the globe during the forecast period from 2016 to 2024. Based on product type, the patient handling equipment market has been categorized into lifting slings, wheelchairs, medical beds, ambulatory aids, shower, bath and toileting equipment, and others comprising patient lifts, transfer assists, lateral and repositioning devices, patient turners, leg lifters, and transfer poles. The report provides market size in terms of US$ Mn, volume (No. of Units), and compound annual growth rate (CAGR %) for each product segment during the forecast period from 2016 to 2024, considering 2014 and 2015 as base years. The report also analyses the patient handling equipment market from an end users perspective, for segments such as Hospital, Nursing Home, Assisted Living Facility, Home Healthcare, and Others (Trauma, paramedical and rehabilitation centers).

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Medical bed segment accounted for the largest market share of the global patient handling equipment market in 2015. Considering that medical beds are a mandatory capital investment, for clinical settings, the product segment is expected to witness consistent demand from end users. In addition, an increasing number of high-end super-specialty hospitals are willing to make substantial capital investment for technologically advanced and ergonomically designed medical beds considering the long-term advantages. Patient care often necessitates lifting or providing body movements to perform daily activities such as walking, toileting, and bathing. Such tasks involve handling of patients with proper care. Patient handling equipment are devices used in hospitals and nursing homes to transfer patients with restricted mobility.

Low awareness and apprehensions on return to investment by end-users for expensive technologically advanced equipment are likely to hamper the growth of the market. Developing countries such as India, Sri Lanka etc. are devoid of legal and regulatory protocols pertaining to patient handling for patients as well as caregivers. As a result, the health care system in these regions is fragmented, with presence of small and medium scale end-users devoid of foresighted benefits of patient handling equipment. However, due to political pressures from international bodies aiming to improve health care services across the globe, various countries will be rolling out new policies for developing a patient centered health care system. These government initiatives for improving the quality of patient care and decent work culture for caregivers employed in health care settings is likely to augment the market, especially in Asia Pacific.

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The major companies operating in the global patient handling equipment market are ArjoHuntleigh (Getinge Group), DJO Global, V.Guldmann A/S, Hill-Rom Holdings, Inc., Etac AB, Invacare Corporation, Joerns Healthcare LLC, Patterson Medical Holdings, Inc., Permobil AB, Prism Medical, Stiegelmeyer & Co. GMBH, and Stryker Corporation, Sunrise Medical LLC. ArjoHuntleigh (Getinge Group) was identified as the leading player in the global patient handling equipment market in 2015.

 

Patient Handling Equipment Market:Good tools and equipment makes Patient Handling easier and more efficient

Transparency Market Research has published a new market report titled, “Patient Handling Equipment Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024” According to the report, the global patient handling equipment market was valued at US$ 9.5 Bn in 2015 and is anticipated to expand at a CAGR of 10.2% from 2016 to 2024 to reach US$ 22.4 Bn in 2024.

Read Full Report: http://www.transparencymarketresearch.com/patient-handling-equipment-market.html

The patient handling equipment market is witnessing various new opportunities such as rental provisions emerging as a market trend among patients who require slings and lifts for short duration (i.e. for four months to six months) in healthcare settings. Moreover, provision for flexible rental payments enables rental providers in effectively managing cash flow throughout the year. These factors would further propel the growth of this market. The major drivers for the market growth include need for prevention of musculoskeletal injuries to both care providers as well as patients due to manual lifting of patients. In such cases, these equipment are considered the right option to lift patients in a proper manner. Secondly, the cost savings on labor will be directed to purchase equipment such as patient lifts, medical beds with assistive technology, and other such equipment, eventually minimizing the role of caregivers in assisting patients. The high benefit to cost ratio for investment made by health care settings will incentivize their adoption rates for patient handling equipment in developed economies.

The research report analyzes the current and future prospects of the patient handling equipment market across the globe during the forecast period from 2016 to 2024. Based on product type, the patient handling equipment market has been categorized into lifting slings, wheelchairs, medical beds, ambulatory aids, shower, bath and toileting equipment, and others comprising patient lifts, transfer assists, lateral and repositioning devices, patient turners, leg lifters, and transfer poles. The report provides market size in terms of US$ Mn, volume (No. of Units), and compound annual growth rate (CAGR %) for each product segment during the forecast period from 2016 to 2024, considering 2014 and 2015 as base years. The report also analyses the patient handling equipment market from an end users perspective, for segments such as Hospital, Nursing Home, Assisted Living Facility, Home Healthcare, and Others (Trauma, paramedical and rehabilitation centers).

Download exclusive Sample of this Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=6577

Medical bed segment accounted for the largest market share of the global patient handling equipment market in 2015. Considering that medical beds are a mandatory capital investment, for clinical settings, the product segment is expected to witness consistent demand from end users. In addition, an increasing number of high-end super-specialty hospitals are willing to make substantial capital investment for technologically advanced and ergonomically designed medical beds considering the long-term advantages. Patient care often necessitates lifting or providing body movements to perform daily activities such as walking, toileting, and bathing. Such tasks involve handling of patients with proper care. Patient handling equipment are devices used in hospitals and nursing homes to transfer patients with restricted mobility.

Low awareness and apprehensions on return to investment by end-users for expensive technologically advanced equipment are likely to hamper the growth of the market. Developing countries such as India, Sri Lanka etc. are devoid of legal and regulatory protocols pertaining to patient handling for patients as well as caregivers. As a result, the health care system in these regions is fragmented, with presence of small and medium scale end-users devoid of foresighted benefits of patient handling equipment. However, due to political pressures from international bodies aiming to improve health care services across the globe, various countries will be rolling out new policies for developing a patient centered health care system. These government initiatives for improving the quality of patient care and decent work culture for caregivers employed in health care settings is likely to augment the market, especially in Asia Pacific.

Request For Discount On This Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=6577

The major companies operating in the global patient handling equipment market are ArjoHuntleigh (Getinge Group), DJO Global, V.Guldmann A/S, Hill-Rom Holdings, Inc., Etac AB, Invacare Corporation, Joerns Healthcare LLC, Patterson Medical Holdings, Inc., Permobil AB, Prism Medical, Stiegelmeyer & Co. GMBH, and Stryker Corporation, Sunrise Medical LLC. ArjoHuntleigh (Getinge Group) was identified as the leading player in the global patient handling equipment market in 2015.

 

Patient Handling Equipment Market: Preparing for Commercialization – Timing, Challenges and Solutions

Awareness about mobility aids is constantly increasing and several government organizations are known to offer subsidies, grants, and funding, while various public and private insurance players are provide insurance coverage. Increase in reimbursement for mobility and assistive devices by both private and government insurance players are likely to provide growth opportunities in the patient handling equipment market. Organizations such as the Occupational Safety and Health Administration (OSHA) and the American Nurse Association (ANA) recommend that manual lifting of patients must be minimized and eliminated. For instance, a study conducted by OSHA in 2013 concluded that musculoskeletal disorders such as strains and sprains were one of the leading causes of injury to health care workers while manually moving, shifting, and lifting patients. These developments would drive the demand for these globally.

The research report on patient handling equipment market includes in-depth analysis of the product types, end-user, and geography. Base on product type, the market has been segmented into lifting slings, wheelchair, medical beds, ambulatory aids, shower, bath and toileting equipment, and others. In terms of end-user, the market has been divided into hospitals, home health care, nursing homes, assisted living facility, and others. The scope of this study analyzes each segment in terms of revenue (US$ Mn) and covers exhaustive information on the global volume trends of product equipment.

In 2015, medical beds product segment accounted for a lion’s share in the global patient handling equipment market. The hospital end user segment accounted for the largest market share compared to other end user segments in 2015. This end user segment is expected to maintain its dominance in the market; however, other end users such as rehabilitation centers, trauma centers are expected to witness the highest growth during the forecast period from 2016 to 2024. The global patient handling equipment market was analyzed across four geographies: North America, Europe, Asia Pacific, and Rest of the World.

The key market players in this market have launched new products with technologically advanced and ergonomical design features in this market. In May 2015, Getinge Group introduced new Citadel Patient Care System, which is a medical bed with therapeutic mattresses for provision of improved care and support while handling high dependency patients. Technological advancements such as introduction of automated patient lifting and transfer techniques also act as a potential driver of the patient handling equipment market. These innovative products would sharply reduce the average time and number of caregivers that are deployed per patient in a health care setting. Therefore, advancements in assistive technology and improved product design coupled with government subventions are expected to contribute to market growth in the near future.

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Geographically, Europe was the largest market for patient handling equipment in terms of revenue in 2015. The patient handling equipment market in Asia Pacific is anticipated to expand at the fastest growth rate during the forecast period from 2016 to 2024. Other emerging markets in rest of the world such as Latin America, and the Middle East & Africa are also expected to witness a steady growth during the forecast period. Increasing patient base, medical tourism, and rising income levels are also expected to propel the market. Highly priced equipment’s have a minuscule consumer base in under- developed and developing regions due to the high cost of technologically advanced equipment which are unaffordable for small and medium size healthcare settings. In addition, apart from these factors the lower labor cost of caregivers in developing economies could further restrain the market growth in emerging economies.

Key players profiled in this report include Bayer AG, Continental Manufacturing Chemist, Inc., Elanco Animal Health, Inc., Indian Immunologicals Ltd., M.B.D. Marketing (S) Pte Ltd., Merck Animal Health, Merial, Nicosia International, Vallée S.A., and Zoetis, Inc.

Patient Handling Equipment Market is expected to reach USD 22.4 Bn Globally in 2024

Transparency Market Research has published a new market report titled, “Patient Handling Equipment Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024” According to the report, the global patient handling equipment market was valued at US$ 9.5 Bn in 2015 and is anticipated to expand at a CAGR of 10.2% from 2016 to 2024 to reach US$ 22.4 Bn in 2024.

The patient handling equipment market is witnessing various new opportunities such as rental provisions emerging as a market trend among patients who require slings and lifts for short duration (i.e. for four months to six months) in healthcare settings. Moreover, provision for flexible rental payments enables rental providers in effectively managing cash flow throughout the year. These factors would further propel the growth of this market. The major drivers for the market growth include need for prevention of musculoskeletal injuries to both care providers as well as patients due to manual lifting of patients. In such cases, these equipment are considered the right option to lift patients in a proper manner. Secondly, the cost savings on labor will be directed to purchase equipment such as patient lifts, medical beds with assistive technology, and other such equipment, eventually minimizing the role of caregivers in assisting patients. The high benefit to cost ratio for investment made by health care settings will incentivize their adoption rates for patient handling equipment in developed economies.

The research report analyzes the current and future prospects of the patient handling equipment market across the globe during the forecast period from 2016 to 2024. Based on product type, the patient handling equipment market has been categorized into lifting slings, wheelchairs, medical beds, ambulatory aids, shower, bath and toileting equipment, and others comprising patient lifts, transfer assists, lateral and repositioning devices, patient turners, leg lifters, and transfer poles. The report provides market size in terms of US$ Mn, volume (No. of Units), and compound annual growth rate (CAGR %) for each product segment during the forecast period from 2016 to 2024, considering 2014 and 2015 as base years. The report also analyses the patient handling equipment market from an end users perspective, for segments such as Hospital, Nursing Home, Assisted Living Facility, Home Healthcare, and Others (Trauma, paramedical and rehabilitation centers).

Medical bed segment accounted for the largest market share of the global patient handling equipment market in 2015. Considering that medical beds are a mandatory capital investment, for clinical settings, the product segment is expected to witness consistent demand from end users. In addition, an increasing number of high-end super-specialty hospitals are willing to make substantial capital investment for technologically advanced and ergonomically designed medical beds considering the long-term advantages. Patient care often necessitates lifting or providing body movements to perform daily activities such as walking, toileting, and bathing. Such tasks involve handling of patients with proper care. Patient handling equipment are devices used in hospitals and nursing homes to transfer patients with restricted mobility.

Download exclusive Sample of this Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=6577

Low awareness and apprehensions on return to investment by end-users for expensive technologically advanced equipment are likely to hamper the growth of the market. Developing countries such as India, Sri Lanka etc. are devoid of legal and regulatory protocols pertaining to patient handling for patients as well as caregivers. As a result, the health care system in these regions is fragmented, with presence of small and medium scale end-users devoid of foresighted benefits of patient handling equipment. However, due to political pressures from international bodies aiming to improve health care services across the globe, various countries will be rolling out new policies for developing a patient centered health care system. These government initiatives for improving the quality of patient care and decent work culture for caregivers employed in health care settings is likely to augment the market, especially in Asia Pacific.

The major companies operating in the global patient handling equipment market are ArjoHuntleigh (Getinge Group), DJO Global, V.Guldmann A/S, Hill-Rom Holdings, Inc., Etac AB, Invacare Corporation, Joerns Healthcare LLC, Patterson Medical Holdings, Inc., Permobil AB, Prism Medical, Stiegelmeyer & Co. GMBH, and Stryker Corporation, Sunrise Medical LLC. ArjoHuntleigh (Getinge Group) was identified as the leading player in the global patient handling equipment market in 2015.