The patient handling equipment market is anticipated to hit $23.4 billion by 2024, according to a Grand View Research report.
Here are eight points:
1. An increasing demand for slings, lifts and powered electric wheelchairs will spur market growth.
2. A growing number of people with lower back pain and musculoskeletal disorders will also drive the patient handling equipment market. These injuries may be prevented by practicing safe patient handling and using the appropriate equipment.
3. Prime Transport Chairs, temperature management systems and patient transfer solutions will boost profit in this market.
4. The mechanical and non-mechanical equipment segment of the market will grow at a compound annual growth rate of 12 percent to 2024. This growth is due to the popularity of hospital furniture, stretchers, evacuation equipment and ambulatory aids.
5. The medical bed sector dominated the market in terms of revenue share in 2015.
6. The critical care segment is expected to grow significantly, because of increasing treatment rates and adoption rate of equipment to subdue critical conditions.
7. The home care setting is also expected to grow, due to patients wanting to avoid hospital stays and associated costs.
8. Stryker, Hill-Rom, Invacare, Getinge Group, Guldmann, Stiegelmeyer, Benmor Medical, Sidhil, ArjoHuntleigh, Etac, Joerns Healthcare, Handicare, Mangar International, Linet Americas and Prism Medical lead the market.
