Patient Handling Equipment Market size was valued at USD 12.9 Bn. in 2021 and the total Patient Handling Equipment revenue is expected to grow by 4 % from 2022 to 2029, reaching nearly USD 17.6 Bn.
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Patient Handling Equipment Market size was valued at USD 12.9 Bn. in 2021 and the total Patient Handling Equipment revenue is expected to grow by 4 % from 2022 to 2029, reaching nearly USD 17.6 Bn.
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Patient Handling Equipment Market Overview:
The Patient Handling Equipment market study offered by our company is highly customizable to meet the specific requirements of our clients. The report can include pricing trend analysis of target brands, market knowledge for different countries, clinical trial results, literature research, refurbished market analysis, and product base analysis. We can also provide target rival market analysis that may involve technology-based research and market portfolio plans. Our analysts can gather data on as many competitors as required by the client and present it in the desired format and data type, including raw excel files with pivot tables. Additionally, we can assist our clients in creating presentations based on the data sets included in the report. Our flexible approach ensures that our clients get the most relevant and accurate information to make informed business decisions.
Market Dynamics:
The study on the market lists the key drivers, restraints, opportunities, and challenges that can impact the market's growth trajectory. By identifying the factors promoting market expansion, businesses can leverage these drivers to their advantage and devise strategies to stay ahead of the competition. Additionally, the study helps in identifying the traits that are restricting market growth and finding ways to minimize or improve them before they become a problem. Opportunities are generated by external forces such as market shifts and changing consumer preferences, and businesses can gain a better understanding of these factors to seize the opportunities they present. Finally, the study also helps in identifying potential obstacles and challenges that businesses may face and devising strategies to overcome them based on the state of the market. By considering all of these factors, businesses can make informed decisions and stay ahead of the competition in a rapidly changing market landscape.
Segmentation:
Medical beds accounted for a large portion of the Patient Handling Equipment market in 2021. The usage of handling equipment in hospitals, home care, nursing homes, trauma centres, and long-term acute care facilities can be blamed for this rise. Moreover, medical bed improvements including bed frames, adjustable angles, and support surfaces for comfort and ease of mobility are to blame for shifting tastes away from standard beds and thus raising demand. The presence of electric backrests, friction and shear reduction, battery backup, and ease of assembly and disassembly are all significant features of contemporary beds that are anticipated to increase demand in the projected term.
Key Players:
The research offers a competitive landscape based on a thorough examination of the important strategic advancements implemented by the top market participants in the Patient Handling Equipment industry sector throughout time. The main players in the worldwide Patient Handling Equipment market are as follows:
• Hill-Rom Holdings Inc. (US)
• Invacare Corporation (US)
• Sunrise Medical (US)
• EZ Way, Inc., (US)
• GF Health Products, Inc. (US)
• Joerns Healthcare LLC, (US)
• Medline Industries, Inc. (US)
• Gendron,Inc. (US)
• Hill-Interson Corporation (US)
• Stryker (US)
• Guldmann,Inc (US)
• Scintica Instrumentation, Inc. (Canada)
• Savaria (Canada)
• Drive DeVilbiss International (Germany)
• Stiegelmeyer GmbH & Co. KG (Germany)
• Ossenberg GmbH (Germany)
• ETAC AB (Sweden)
• Handicare group AB (Sweden)
• Getinge AB (Sweden)
• Arjo (Sweden)
• Antano Group (Italy)
• Paramount Bed Co. Ltd. (Japan)
• Lepu Medical Technology (China)
• Edan Instruments (China)
• Leltek, Inc. (Taiwan)
Regional Analysis:
The report has assessed the global Patient Handling Equipment market in the following regions:
The study includes in-depth insights into multiple development possibilities and difficulties in the aforementioned regions, depending on various types of commodities, applications, end-users, and nations, among others. The study also contains essential aspects of the global Patient Handling Equipment market size, such as sales growth, product pricing and analysis, growth potential, and recommendations for addressing market difficulties in the provided areas.
COVID-19 Impact Analysis on Patient Handling Equipment Market:
The worldwide effects of the coronavirus outbreak are already being seen and will have a considerable influence on the Patient Handling Equipment market share. The COVID-19 outbreak has had a wide-ranging impact, including flight cancellations, travel bans and quarantines, restaurant closures, and restrictions on all indoor/outdoor events; a state of emergency declared in over thirty countries; a massive slowdown of the supply chain; stock market; falling businesses, growing panic among the people, and uncertainty about the future.
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Competitive Strategic Window:
In terms of markets, applications, and geographical regions, the Competitive Strategic Window analyses the competitive environment. The vendor can define an alignment or fit between their skills and opportunities for potential future growth with the use of the competitive strategic window. It establishes the best or most advantageous match for the vendors to implement further merger and acquisition plans, geography expansion strategies, research and development strategies, and new product introduction strategies to carry out future business expansion and growth.
Key Questions Answered in the Patient Handling Equipment Market Report are:
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Mar 05, 2023