Albany, New York, June 28, 2018: Patient handling equipment market continues to witness significant growth underpinned by increasing focus on guidelines and regulations for effective and safe handling of patients by government bodies across countries in the globe. Government organization such as NIOSH have regulated lifting equation with RWL (Recommended Weight Limit) in order to achieve a higher degree of patient handling efficiency with a view to reduce risk additional injuries to patients. Many such decisive insights have been gleaned from a new research study titled “Patient Handling Equipment Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2024”, which has been added to the vast research repository of Market Research Reports Search Engine (MRRSE).
Furthermore, the rental concept has proliferated in the medical devices space with patient handling equipment not being an exception to this trend. This coupled with flexible payment option is likely to add fuel to the rental trend by facilitating manageable cash flow for rent providers. This factor is expected to support the resurgent growth of patient handling equipment market during the period of assessment, 2017-2024. According to the report, the patient handling equipment market is projected to expand at a stellar CAGR of 10.4% during the said period on the back of increasing occurrences of disabilities and growing risk of injuries from caregivers. The report reveals that the demand for patient handling equipment is expected to increase in the developed regions of Europe and North America with positive opportunities looming in emerging economies of Asia Pacific.
Patient Handling Equipment Market: Europe to Witness an Upward Growth Trend
Region wise analysis apropos of demand and adoption of patient handling equipment in the report reveals that Europe is expected to portray significant demand for patient handling equipment, in turn fuelling the market’s growth in the region during the assessment period. This resurgence in growth can be attributed towards a strong healthcare infrastructure coupled with favorable regulations laid by governments of European countries.
On the other hand, growth of the patient handling equipment market is expected to speed up in emerging economies given the strong combination of macro-economic factors and overall healthcare expenditure and developments. Emerging economies of China and India are expected to largely contribute to this growth in the forthcoming years, making Asia Pacific a lucrative region for patient handling equipment market.
Patient Handling Equipment Market: Detailed Competitive Landscape
The report on patient handling equipment market includes vital analysis on competition that covers several key aspects of major companies including mergers and acquisitions, strategies, market shares, product portfolio analysis, key developments and innovations. Moreover, the analysis presented in the competitive landscape section of the patient handling equipment market report guides the reader to plan future moves to gain an edge over the existing competition as well as tap new revenue pockets across the world lobe in order to establish a global footprint. The research report on patient handling equipment market has profiled key players such as DJO Global, ArjoHuntleigh (Getinge Group), Invacare Corporatio, Stryker Corporation, Patterson Medical, Hill-Rom Holdings and Joerns Healthcare LLC, to name a few.
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