Patient Handling Equipment Market will achieve 11% growth to exceed $23 Bn by 2024
SELLBYVILLE, Del., Nov. 22, 2017 /PRNewswire-iReach/ -- Patient Handling Equipment Market is expected to cross USD 23 billion by 2024; according to a new research report by Global Market Insights. Increasing incidences of disabled population who need patient handling equipment and rising geriatric population will drive the market over the forecast period. The growing injuries to caregivers due to manual lifting of patients and favourable government legislations supporting use of patient handling equipment will fuel the market growth. Increased implementation of safe patient handling programs that are targeted to reduce the musculoskeletal injuries to the nurses and caregivers are expected to aid in growth of the market.
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Insufficient amount of training provided to the nursing staff to operate the patient handling equipment will be major factor hindering the adoption rate of these equipment. Similarly, the difficulties faced by the caregivers while manually lifting the obese patients will also further act as restraint for the growth of the market.
Home care settings will witness fastest growth owing to gradual shift in patient preference of home care settings over hospitals. This is mainly due to lowered healthcare expenditure and decreasing investment in hospital infrastructure.
Browse key industry insights spread across 125 pages with 102 market data tables & 10 figures & charts from the report, "Patient Handling Equipment Market" in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/patient-handling-equipment-market
As the elderly population is more prone to problems such as cardiovascular disease, falls, injuries, bone and joint problems, the number of such patients needing medical beds is increasing. Furthermore, the increasing technological innovations in ICU beds is fueling the growth of medical beds market.
Increasing number of non-communicable diseases such as stroke, osteoarthritis leading to disabilities is the growth rendering driver for mobility assistance application segment. The growing need of wheelchairs, scooters and walking assisted equipment to cater the needs of disabled people will further enhance the market growth.
U.S. patient handling equipment market will grow at a healthy rate over the forecast period. The cost of back injuries in healthcare industry have been increasing gradually. To combat this cost the U.S. government is promoting the use of patient handling to decrease the cost associated with lost productive days and turnover rate of nurses.
Japan patient handling equipment market will witness significant growth. Growing programs to decrease the falls and injuries in elderly population as well as increasing demand of medical beds in the country should enhance the market growth.
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Some of the key players in the business are Hill-Rom, Stryker Corporation, Getinge Group, and Paramount Bed Holdings Co, among others. Companies implement various strategies such as collaborations, new product development, and technological advancement to fortify their product portfolio and maintain their market position.
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