Patient Handling Equipment Sector to Register a 10.5% CAGR to 2021, Projects M&M in Its Topical Report Published at MarketPublishers.com02 Jun 2016 • by Natalie Aster
LONDON – The market for patient handling equipment is set to register a 10.5% CAGR through 2021, with its value reaching the USD 17.18 billion mark by the end of the projected period. With various technology advances in this area, there have been introductions of easy-to-use products that can guard against musculoskeletal injuries (MSIs) in caregivers.
In terms of product types, the medical beds segment is poised to capture the lion’s market share throughout 2016. The segment owes its growth to the surging demand for medical beds in homecare and private retirement homes.
As regards to end-use sectors, hospitals will likely take the lead in the market, whilst the homecare segment is projected to demonstrate the fastest rate of growth.
Europe is forecast to have the largest market size in 2016. Meantime, North America will likely record the highest growth on account of the soaring incidence rates of lifestyle diseases and governmental regulations necessitating the usage of patient handling equipment. In the APAC, the sector’s growth is instigated by the rapidly expanding patient handling industry and the governments’ efforts to maintain the standards of quality of products produced in the region.
Stryker Inc., Guldmann Inc., Invacare Corporation, Hill-Rom Inc., Stiegelmeyer Inc., Joerns Healthcare, Handicare Inc., Getinge Group, and Prism Medical are the leading players in the marketplace.
Topical report “Patient Handling Equipment Market” prepared by M&M focuses on an in-depth analysis of the market, and segments it based on product, type of care, accessory, end-use sector, and by region. The study provides market sizing (historical and forecasted) for the overall industry and each segment individually. The report explores the various trends in the industry; gives an overview of emerging and high-growth segments as well as high-growth geographic regions; and sheds light on market drivers, limiters, opportunities and challenges. Detailed insights into forthcoming technologies, R&D activities, new products, untapped geographic areas, latest developments, and investments in the industry are provided. Furthermore, the research study offers essential information on the leading market players, giving an in-depth assessment of their market shares, key strategies, product offerings, and production capabilities.
More all-encompassing research reports by M&M can be found at the publisher’s page.