PUBLISHER: DataM Intelligence | PRODUCT CODE: 1712539
PUBLISHER: DataM Intelligence | PRODUCT CODE: 1712539
The Europe patient handling equipment market reached US$ 8.32 billion in 2024 and is expected to reach US$ 21.14 billion by 2033, growing at a CAGR of 9.8 % during the forecast period 2025-2033.
Patient handling equipment is designed and manufactured to assist caregivers or nurses in transporting patients from one location to another. Transfers are far safer when performed using this sort of equipment, which protects patients and staff from any potential injury caused by faulty manual handling. To minimize injuries and produce efficient manual handling without causing any harm, it's essential to utilize suitable methods and tools.
Market Dynamics: Drivers & Restraints
Increasing Aging Population and Disabilities from Non-Communicable Diseases
Europe is experiencing one of the fastest aging demographics globally. According to Eurostat, over 20% of the EU population is aged 65 and above, and this percentage is projected to continue rising in the coming decades. The population aged 60 and older is rapidly growing in the WHO European Region. In 2021, there were 215 million; by 2030, it is projected to be 247 million, and by 2050, over 300 million.
The rise of non-communicable diseases, such as cardiovascular diseases, diabetes, and respiratory disorders, is another significant factor influencing the patient handling equipment market. NCDs are prevalent in older populations and contribute to increased morbidity and disability. As per European Commission data in December 2023, more than one-third (36.1 %) of people in the EU reported having a long-standing (chronic) health problem in 2022, thus making a significant contribution to the patient handling equipment market in Europe.
High Cost of Devices
The high cost of these devices and equipment. Patient handling equipment often involves advanced technology, ergonomic designs, and safety features, which contribute to their higher prices. The high cost of patient handling equipment is a significant restraint in the European market, limiting the adoption and accessibility of these essential devices. Several factors contribute to the high costs, including advanced technology, quality and compliance standards, durability requirements, limited competition, and customization needs.
The high costs can strain the budgets of healthcare facilities, particularly in public healthcare systems where funding is limited. This financial pressure may lead to compromises in the quality of equipment purchased or a delay in necessary upgrades.
Ankle movement device PS-K costs around $322.15, lift, transfer, mobility device Rifton TRAM costs around $5083.59. The average cost of a new wheelchair is between $ 571.19 and $1713.57, and a foldable wheelchair costs around $1936.34.
Additionally, high equipment costs can limit access to essential patient handling devices, particularly in smaller or underfunded healthcare facilities, negatively impacting patient care. Patient handling equipment, especially advanced motorized devices and specialized systems, can be expensive to procure and maintain.
The Europe patient handling equipment market is segmented based on product, application, and end-user.
The medical beds segment in the product is expected to dominate the Europe patient handling equipment market share
The growing demand for specialized beds that enhance patient care and safety in various healthcare settings. This segment encompasses various types of medical beds, including acute care beds, long-term care beds, and others.
The rising number of elderly individuals in Europe is a primary driver for the medical beds segment. Older adults often require specialized care, leading to increased demand for medical beds that cater to their needs. The growing prevalence of non-communicable diseases, such as cardiovascular diseases and diabetes, necessitates the use of medical beds in both acute and long-term care settings. Technological advancements in bed design, such as the integration of smart technology for monitoring patient health and comfort, are enhancing the functionality of medical beds.
Moreover, key players in the industry product launching products and key developments in the medical beds that would propel this segment's growth in the market. For instance, in December 2023, German Bionic launched the Apogee exoskeleton with robotic motors. This powered wearable helps nurses and other healthcare workers lift and move heavy patients with greater ease, less strain, and improved stamina.
Similarly, in May 2022, Invacare Corporation announced the U.S. introduction of its Birdie Evo XPLUS, an innovative patient lift solution for the post-acute care setting. With its sleek and modern design, the Birdie Evo XPLUS provides innovative technology that helps maximize comfort and security when lifting or transferring a patient to or from a bed, chair, or floor. With strong reception in Europe, the U.S. launch of the Birdie Evo XPLUS patient lift represents a major step forward in expanding the reach of one of Invacare's most well-established offerings.
The major players in the Europe patient handling equipment market include Arjo, OpeMed (United Care) Ltd., VENDLET (Direct Healthcare Group), V. Guldmann A/S, Etac AB, Savaria, Invacare Corporation, Baxter (Hill-Rom Holdings, Inc.), and Stryker, among others.
The Europe patient handling equipment market report delivers a detailed analysis with 39 key tables, more than 32 visually impactful figures, and 136 pages of expert insights, providing a complete view of the market landscape.
Target Audience 2024
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