Steady Growth Ahead: Patient Handling Equipment Market to Reach $14.0 Billion by 2027


Health9000

Uploaded on Aug 27, 2024

The global patient handling equipment market is projected to reach USD 14.0 billion by 2027 from USD 10.4 billion in 2022, at a CAGR of 6.2% during the forecast period. Growth in this market is largely driven by the increasing number of geriatric and obese populations, growing risk of accidents to caregivers while manually handling patients, rising number of patient admissions in hospitals, and the implementation of regulations and guidelines to ensure healthcare worker safety during the manual lifting. However, improper training provided to healthcare providers for the efficient operation of patient handling equipment is a major challenge that is hampering the market growth. https://www.marketsandmarkets.com/Market-Reports/patient-handling-equipment-market-186358368.html?utm_source=free&utm_medium=referral&utm_campaign=patienthandlingequipmentmarket-jignesh-27082024-PPT-PDF The global patient handling equipment market is segmented and labelled by various small and large companies. Some of the major players in this market include Arjo (Sweden), Baxter International, Inc.(US), Invacare Corporation (US), Savaria(Canada), and Stryker (US). The majority of market leaders offer a variety of patient handling equipment such as medical beds, patient lifts, slings, and wheelchairs. Several strategies have employed in the global patient handling equipment market to broaden their global footprint and enhance their market share. These key strategies include mergers product launches, collaborations, partnerships, & acquisitions, expansions, and agreements.

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