Medical Device | Healthcare | Biotechnology | Pharmaceuticals

The growth of  patient handling equipment market  is largely driven by the rising geriatric population, high risk of injuries to caregivers during the manual handling of patients, and the implementation of regulations ensuring the safety of healthcare personnel during manual lifting processes. The patient handling equipment market is projected to reach USD 12.6 billion by 2024 from USD 8.9 billion in 2019, at a CAGR of 7.2%. The patient transfer devices segment is expected to account for the largest share of the market. The large share of this segment can primarily be attributed to factors such as the increasing installation of ceiling lifts in hospitals and the growing adoption of patient lifts for bariatric patient handling. The wheelchairs & mobility scooters segment is expected to account for the largest share of the mobility devices market. The increasing geriatric, obese, and disabled population is the key factor contributing to the growth of this market. ...