DUBLIN, September 12, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/zcqz22/patient_handling) has announced the addition of the "Patient Handling Equipment Market by Product, Type of Care , Accessories & by End User - Global Forecast to 2019" report to their offering.
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The global patient handling equipment market exhibits a lucrative growth potential for the next five years. The growth of this market is propelled by the rise in geriatric population and the increase in lifestyle diseases such as diabetes and Cardiovascular Diseases (CVD) leading to increased disabilities. The market is further driven by factors such as government policies promoting the use of patient handling equipment, technological advancement, injuries incurred during patient handling which are very costly to recover. Advancement in technology and development of new products has contributed largely to patient handling equipment market to growth
The medical beds segment will have the largest share of the total patient handling equipment market in 2014 and will continue to grow with a healthy CAGR in the forecast period. The high growth of this segment is attributed to the growing demand for the equipment for the expanding geriatric population, mounting prevalence of lifestyle diseases and technological advancements. Evolution in technology have made the equipment more user's friendly and portable. The non-mechanical equipment on the other hand will be the fastest growing segment in the coming years. It will account for very less share in the market in 2014, but gradually their acceptance as well as popularity will lead to higher market share.
The home care segment is expected to grow at the highest growth rate in the forecast period. The delivery of health care services in home is more cost efficient than the hospital and in other care institutions on long term basis. Furthermore, favourable reimbursement policies and government support will contribute to the market growth.
Europe currently forms the largest patient handling equipment market in revenue, whereas North America is expected to register the highest growth rate due to unsaturated market and emerging technologies. The large patient base and increasing income levels are also expected to propel the market growth. Advanced technology and innovative product launches will also provide growth opportunities.
Getinge Group was the clear market leader in patient handling equipment market in 2014. Getinge Group also enjoys a high level of brand loyalty amongst customers due to its large product portfolio, good quality products, and an efficient after-sales service. Hill-Rom distantly followed Getinge Group and thus became the second leading company in the patient handling equipment market in 2014. Styker will be the third leading company in 2014 in patient handling equipment market.
The grey area while estimating the market size was the overlapping nature of the type of care provided while segregating them based on evaluation of endpoints involved. These included handling of bariatric patients which involved all other categories of care such as fall prevention, transfer among others. This was later clarified with the help of various experts that participated during the study.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Market, By Product
8 Market, By End User
9 Global Patient Handling Equipment Market, By End User
10 Market, By Accessories
11 Competitive Landscape
12 Company Profiles
- Getinge Group (Arjohuntleigh)
- Guldmann Inc.
- Hill-Rom Holdings, Inc.
- Invacare Corporation.
- Joerns Healthcare
- Linet Spol. S.R.O.
- Prism Medical
- Stiegelmeyer & Co. GMBH
- Stryker Corporation
For more information visit http://www.researchandmarkets.com/research/zcqz22/patient_handling
Media Contact: Laura Wood , +353-1-481-1716, email@example.com
SOURCE Research and Markets