New Era of Patient Care: Advanced Instruments Provide Greater Care with Better Results


Posted May 18, 2017 by mmvaidya01

The patient handling equipment market is expected to reach USD 17.18 Billion by 2021 at a CAGR of 10.5% during the forecast period (2016–2021).

 
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Industry Insights:

Drivers:
# Rising Geriatric Population.
# Increasing Incidence of Disabilities Resulting From Non-Communicable Diseases.
# High Risk of Injuries to Caregivers During Manual Handling of Patients.
# Implementation of Regulations Ensuring Safety of Healthcare Personnel against Manual Lifting of Heavy Loads
Restraints:
# Lack of Training Provided to Caregivers for Efficient Operation of Patient Handling Equipment.
Opportunities:
# Private Institutional Nursing.
# Entry of Major Players in Local Markets.

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Geographical Analysis:

Europe is expected to account for largest share of the patient handling equipment market in 2016, and North America is estimated to grow at the highest rate. Factors such as the increasing incidences of non-communicable diseases leading to disability and government regulations mandating the use of patient handling equipment are driving the growth of the North American market.

The growth of the Asia-Pacific region is propelled by factors such as rapidly growing patient handling industry and government efforts to maintain the high quality of products manufactured in the region.

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Industry Leaders:

The patient handling equipment market is highly competitive, with a large number of players. Stryker Corporation (U.S.), Hill-Rom Holdings, Inc. (U.S.), and Invacare Corporation (U.S.) are the leading players in this market.

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Issued By Makarand Vaidya
Country United States
Categories Health , Home , Science
Tags global patient handling equipment market , global patient handling equipments market , patient handling , patient handling equipment , patient handling equipment market , patient handling equipments , patient handling equipments market , patient handling instruments market
Last Updated May 18, 2017