The
research report “Patient Handling
Equipment Market Size By Product
(Wheelchairs and Scooters, Medical Beds, Bathroom Safety Supplies, Mechanical
and Transfer Equipment, Ambulatory Aids, Others), By Application (Acute and
Critical Care, Long Term Care, Mobility Assistance, Fall Prevention, and
Others), By End-Use (Hospitals, Home Care Settings, Elderly Care Facilities,
and Others) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany,
UK, France, Italy, Spain, Russia, Poland, China, India, Japan, Malaysia,
Thailand, Australia, Brazil, Mexico, Argentina, South Africa, Saudi Arabia,
UAE, Egypt), Application Potential, Price Trends, Competitive Market Share
& Forecast, 2017 – 2024”, the overall patient handling equipment industry, as
claimed by Global Market Insights, Inc., will exceed a valuation of USD 23
billion by 2024. The figure is reportedly more than double the market valuation
of USD 9.8 billion attained in 2016.
Over
the recent years, patient handling equipment market has observed a remarkable
push, inherently influenced by the unprecedented advancements in medical
devices business space. A transformational change has been observed in the
healthcare fraternity with regards to value chain, from volume to
outcome-based, patient centric approach.
The advent of new technologies, presence of strong regulatory framework,
and subsequent emergence of intense competitive arena has brought forth a slew
of complexities for patient handling equipment industry players. Amidst the fierce share battle, product
innovation is claimed to be one of the major growth strategies defining the
sustainability quotient of the industry.
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Citing
a recent instance, HoverTech International, a leading giant in patient handling
equipment market has recently extended its product line of highly breathable
HoverMatt Single-Patient Use, specifically designed for pressure injury
prevention. Reportedly, this advanced fabric technology infused air transfer
mattresses protect patient skin by minimizing moisture buildup and heat
transfer. Allegedly, with HoverMatt SPU, the caregivers can very smoothly turn,
transfer, and position patients without much straining or lifting, given the
fact there is a cushion of air beneath the inflated device which claims to
reduce the pressure required to move the patient by almost 80% -90%. Experts
have been already raving about the new product claiming that it to disrupt the
conventional patient handling equipment industry.
Speaking
along the similar lines, mobility assistance, unquestionably, is one of the
lucrative application arenas of patient handling equipment market. The growing
percentage of the geriatric and disabled population, who are constantly in need
of walking assistance such as wheelchairs, crutches, is bound to considerably
boost the market demand in the coming years. As per a report put forth by
Center for Disease Control and Prevention, in U.S., almost one out of five
adults are challenged with a physical disability. The study further depicted
that the most common type of functional disability is mobility limitation-
which is reported to be found in almost one in eight adults.
Browse key
industry insights spread across 125 pages with 102 market data tables & 10
figures & charts from this 2017 report Patient
Handling Equipment Market in detail along with the table of contents at:
The
shocking prevalence of mobility disorder has prompted manufacturers to come up
with advanced systems, which by extension is creating lucrative growth avenues
for patient handling equipment industry. As per estimates, mobility assistance
sector procured a major chunk of the overall patient handling equipment market
share in 2016. In tandem with the technological advancements, favorable
reimbursement policies for these equipments would complement the business
growth in coming years.
One
of the major reasons for U.S. to become the favorite spot for patient handling
equipment market investors can be quite comprehended from the aforementioned
statistic with regards to mobility disability. Add to this, the nation has been
rigorously participating in patient handling program that constitutes minimal
lift policy. The University of Iowa Hospitals and Clinics, for instance, has
implemented a safe patient handling program, resulting in reducing the workers’
compensation cost as well as recovering the initial investment on equipment. Considering the efforts that are being
continuously undertaken by the U.S. government to reduce the equipment cost,
U.S. patient handling equipment market is expected to witness a healthy growth
over 2017-2024.
However,
one of the major constraints that can hamper the growth of this business space
over the ensuing years is the lack of proper training provision for the nursing
staffs. Companies, nonetheless, have been increasingly undertaking significant
initiatives such as patient handling program to combat the challenge. Driven by
the increasing takeover of technology in equipment design, in tandem with its
diversified application matrix, patient handling equipment industry is sure to
gain remarkable proceeds in the coming years.
Browse Related Reports:
Smart Medical Devices Market Size,
Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, Italy, Japan,
China, India, Brazil, Mexico, South Africa), Application Development Potential,
Price Trends, Competitive Market Share & Forecast, 2017 – 2024
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