The global patient handling equipment market is anticipated to grow at a significant CAGR during the forecast period. Key companies operating in the industry are highly inclined toward the adoption of different growth strategies including capacity expansion, partnerships, mergers and acquisitions, geographical expansions, and product innovations to remain competitive in the market. Technological advancements are anticipated to drive the growth of the market. Radio-frequency identification (RFID) is a technology that uses electromagnet fields to automatically identify and track the tags attached to objects. The RFID is the technology is commonly used in hospitals to serve various purposes such as inventory tracking, control access, staff, and patient tracking, tracking disposable consumables tracking equipment, and more.
Browse the full report description of “Global Patient Handling Equipment Market Size, Share & Trends Report by Product (Wheelchairs and Scooters, Medical Beds(Electrical Beds, Manual Beds, and semi-electric beds), Mechanical and Non-Mechanical Equipment, Ambulatory Aids and Others), By Type of Care ( Bariatric Care, Fall Prevention, Critical Care, Wound Care and Others) by End-User ( Hospitals, Home Care Settings, Elderly Care Facilities and Others) Forecast (2022-2028)” at https://www.omrglobal.com/industry-reports/patient-handling-equipment-market
Moreover, key acquisitions are expected to drive the growth of the market during the forecast period. For instance, in December 2020, Arjo acquired Airpal, a privately owned US based company specializing in Air-Assisted Lateral Patient Transfer solutions. The acquisition aimed to improve healthcare support by reducing caregivers' injuries and thus by eliminating the cost. This deal was an asset purchase agreement which involved upfront capital and earn-out tied to performance in 2021 to 2023. Further, key product launches are expected to drive the global patient handling equipment. For instance, in August 2020, Philips launched Rapid Equipment Deployment Kit to COVID-19 response. This technology is capable to assist doctors, nurses, technicians, and hospital staff to support critical care patient monitoring capabilities. The Rapid Equipment Deployment Kit is designed with patient monitoring technology that can identify the critical care patient monitoring capabilities within a limited time frame.
Market Coverage
Segment Covered-
Regions Covered-
Competitive Landscape- are Invacare Corp, Stryker, Guldmann Inc., Handicare Group AB, ETAC AB, and others
Key questions addressed by the report
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
Global Patient Handling Equipment Market Report Segment
By Product
By Type of Care
By End-User
Global Patient Handling Equipment Market Report Segment by Region
North America
Europe
Asia-Pacific
Rest of the World
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