The global patient handling equipment market was valued at $9,515.9 million in 2015 and it is expected to grow at a CAGR of 10.5% during 2016-2022.
In the coming years, the patient handling equipment market is predicted to grow at a significant rate because of the surging geriatric population, difficulty in handling bariatric patient, rising incidence of disabilities, implementation of regulation against manual lifting of heavy loads, increasing prevalence of chronic and lifestyle associated diseases, high risk of injuries to caregivers during manual handling of patient, and growing number of surgeries. Patient handling equipment is utilized for transferring, supporting, or moving a patient or a patient’s body part.
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When type of care is considered, the patient handling equipment market is categorized into bariatric care, wound care, critical care, fall prevention, and others (which include long-term care and acute care). The wound care category held the largest share of the market in the past and is predicted to dominate the market in the coming years as well, because of the growing government support for wound management and surging incidence of medical conditions including chronic, acute, and critical wounds. The critical care category is expected to register the highest CAGR in the near future.
The rising incidence of disabilities is among the primary driving factors of the patient handling equipment market. Disability is a collective term for activity limitations, impairment, and participation restriction. As per the World Health Organization (WHO), about 15% of the world’s population is suffering from some form of disability. The cases of disability are further increasing due to the rise in prevalence of chronic diseases, aging, fall, accidents, injuries, and violence. Thus, in order to enhance transfer and mobility of disable patients, the requirement for patient handling equipment is rising.
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Another major driving factor of the patient handling equipment market is the surging geriatric population. As per the United Nations Department of Economic and Social Affairs’ report, the population of people aged 60 years or above is increasing at a rapid rate; in 2013 the share of people aged 60 years or above in the global population was 11.7%, which is expected to reach 21.1% by the end of 2050. The aged people are more prone to chronic diseases due to low immunity levels, which increases the probability of disability.
Hence, the market is registering growth due to the increasing geriatric population and rising incidence of disabilities.
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