Patient Handling Equipment Market Projected To Be Worth $23.4 Billion By 2024
Growing emphasis of government on regulations regarding the manual handling of patients, along with safety guidelines, such as such as lifting equation with Recommended Weight Limit (RWL) by National Institute of Occupational Safety & Health (NIOSH), guidelines imparted by the Centers for Disease Control and Prevention, Workplace Safety and Health Council, Manual Handling Code of Practice, European Agency for Safety & Health at Work (EU-OSHA) are supposed to boost the demand in the market.
COVID 19 is spreading across countries rapidly, to control the spread manual handling is highly regulated. These regulations make the usage patient handling equipment extremely important, as well as boost the demand in the market.
Disability prevalence is known to be increasing due to a global increase in chronic health conditions. Such conditions are estimated to account for 66.5% of all years lived with disability in low-income and middle income countries (WHO & World Bank 2011). Growing prevalence of disability pushes the demand in the market.
Region Specific Insights
COVID 19 outbreak has caused a serious shortage of patient handling equipments, mainly beds, ventilators etc in almost every region like Europe, North America and Asia Pacific. Manufacturing of these equipments are on rise and is expected to boost the demand in the market.
Read More@ https://www.grandviewresearch.com/industry-analysis/patient-handling-equipment-market
Recent Developments
TSO3, an innovator in low-temperature sterilisation technology for medical devices, has been acquired by a subsidiary of Stryker Corporation.
Hillrom announced that it has entered into a definitive agreement to acquire Breathe Technologies, Inc., developer and manufacturer of a patented wearable, non-invasive ventilation technology that supports improved patient mobility, for a cash consideration of $130 million.
Voalte, the maker of communications tools for hospitals and other health organizations, has been acquired by Hill-Rom Holdings, which provides various technology and equipment for hospitals, for $180 million.
Invacare Corporation, announced that the company has completed the sale of its Dynamic Controls subsidiary to Allied Motion Technologies, Inc., of Amherst, New York. As part of the company’s strategy to enhance its products, the transaction marks a significant step forward by opening the door to relationships which can provide access to technological innovations to further differentiate the company’s powered mobility products.
With weight sensing technology, beds now can help the organization to capture the dynamic aspect of the patient’s movements in real time to anticipate an adverse event or otherwise ease their comfort and safety.