The global patient handling equipment market size is expected to reach USD 17.64 billion by 2032, according to a new study by Polaris Market Research. The report “Patient Handling Equipment Market Share, Size, Trends, Industry Analysis Report, By Component (Software, Services); By Service; By End-use; By Region; Segment Forecast, 2023-2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Government regulations ensure proper patient treatment and lessen the likelihood of carer injuries, such as the lifting equation with Recommended Weight Limit (RWL) by the National Institute of Occupational Safety & Health (NIOSH). Regulations released by the Centers for Disease Control and Prevention, the Workplace Safety and Health Council, the Manual Handling Code of Practice, and the European Agency for Safety & Health at Work are also anticipated to increase the use of patient handling equipment. (EU-OSHA).
Additionally, it is anticipated that the growing geriatric and prevalence of disability populations will push the market for patient handling devices over the course of the forecast period. For instance, according to projections made by the World Health Organization in 2014, the projected global burden of disease by 2021 should include roughly 1.18 million patients yearly who are anticipated to have a disability, and roughly 1.43 million patients yearly by 2031. The arrival of technologically advanced, secure products that are easy to use and prevent MSDs in carers is predicted to drive growth in the near future.
The inconvenience that comes with using wheelchairs and other patient management tools will likely act as a major roadblock to the market's growth for this kind of technology. Unpaved areas, unsuitable weather, and difficult terrain are examples of physical barriers faced by wheelchair users. For instance, according to the American Nurses Association, the physical environment may restrict how and where patients can walk. (ANA). Forecasts indicate that this circumstance will limit the market's growth for patient handling instruments.
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Demand for patient care supplies grew as a result of the COVID-19 pandemic. Most COVID-19 people recover at home with mild to moderate symptoms, but a few need to see a doctor. The overall growth of many industries is currently badly constrained. Healthcare, pharmaceuticals, and biotechnology took the chance to supply as many institutions and patients as possible while hospitality, oil and petroleum, and aviation all saw a drop in sales. The pandemic has resulted in a substantial rise in demand for patient handling systems in order to provide effective treatment and care. According to the CDC, 69.8 out of every 100,000 individuals aged 65 and over were hospitalized in January 2021.
Patient Handling Equipment Market Report Highlights
Polaris Market Research has segmented the Patient Handling Equipment Market report based on product type, end-use, and region:
Patient Handling Equipment, Product Outlook (Revenue - USD Billion, 2019 - 2032)
Patient Handling Equipment, End-use Outlook (Revenue - USD Billion, 2019 - 2032)
Patient Handling Equipment, Type Outlook (Revenue - USD Billion, 2019 - 2032)
Patient Handling Equipment, Regional Outlook (Revenue - USD Billion, 2019 - 2032)