Patient Handling Devices Market is at the cusp of crossing USD 15.82 billion in

Posted by rohan on March 26th, 2018

According to a new market research report "Patient Handling Devices Market by Product (Bathroom Safety, Mechanical, Ambulatory Wheelchair, Scooters, Medical Beds,), Type Of Care (Bariatric Care, Critical Care, Wound), Accessories (Lifting, Transfer) By End User (Home, Hospital) - Global Forecast to 2021", published by MarketDataForecast™, the market is expected to reach USD 15.82 billion by 2021 from USD 9.6 billion in 2016, at a CAGR of 10.5%. Factors driving the growth of this market include increased acknowledgment by numerous offices, for instance, orthopaedics, Neurology, crucial Care Units, restoration and bariatric surgeries have provided remunerative market openings. Patient handling equipment offers most outstanding commitments in serving to the patients beginning with one place then onto succeeding place. Increasing mechanical developments in restorative field moves and technological advancements in Patient Handling Devices drives the market growth

Browse Market Data Tables and Figures spread through 175 Pages and in-depth TOC on "Patient Handling Devices Market"

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Based on Bathroom Safety, the market is segmented into Ambulatory, Medical Beds Mechanical, Wheelchair and Scooters

Wound care is estimated to account for the largest market share in 2019

By type of care, the Patient Handling Devices Market is classified as Bariatric Care, Critical Care, and Wound. The segment Wound care is expected to lead the global Patient Handling Devices Market in 2016. Factors driving the growth of this segment include rising incidences of medical conditions like critical, acute, and chronic wounds; blood vessel leg ulcers; pressure ulcers; burns; surgical injuries and diabetic ulcers. Also, latest technologies gettable for wound care management, like vegetative cell medical aid, bioengineered tissue, and negative-pressure wound medical aid square measure expected to boost the trade growth in the returning years.

The Lifting segment dominated the market in 2016 

By accessories, the market is segmented into Lifting and Transfer. The Lifting accessories are expected to account for the most important share of the worldwide Patient Handling Devices Market in 2016. An oversized variety of products support these accessories that could be a major issue liable for the dominant share of this phase.

Hospitals are calculable to command the most important share of the market throughout the forecast amount

On the idea of finish users, the Patient Handling Devices Market is classified as hospitals and residential. The hospitals are accounted for the most important share of the world Patient Handling Devices Market throughout the forthcoming years.

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North America is estimated to command the largest share of the market

Based on region, the Patient Handling Devices Market is metameric into North America, Europe, Asia, and the remainder of the globe (RoW). North America is predicted to dominate the Patient Handling Devices Market in 2016. This is often attributed to factors like accessibility to advanced technologies, and technological advancements of Patient Handling Devices products within the region as compared to different regions.

Key players in the Patient Handling Devices Market include Guldmann, Inc., Prism Medical, Benmor Medical, Inc. Etac Limited, Stryker Corporation, Handicare, Inc.,  Linet, Inc., Mangar International, Inc., Invacare Corporation, Joerns Healthcare ,.

The scope of the report provides:

• The evaluation of the current market for your product or services and the future implications of the market
• Addresses the opportunities by better understanding the market through size estimates and growth rate analysis to forecast the market for the future
• Extensive segmentation to understand the dynamics of market at a very granular level by splitting down the market to the smallest segment
• Addresses the key market dynamics involving the drivers, restraints and challenges with an aim of providing insights for gaining market share
• The factors responsible for the shaping of the industry as it is as a result of competitive environment is analyzed through Porter’s Five Forces
• The effects of political, economic, social, technological, legal and environmental factors on the industry is analyzed through PESTLE analysis to better understand the aspects of strategic management required to comply with the exogenous and endogenous factors
• Strategic evaluation of the key players to gain insights of their performance allowing access to their product portfolio, financial performance and the strengths of their business strategic developments
• Comparative study of the firms across the industry measuring their performances based on market share and recent activities in order to achieve competitive intelligence
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