According to FutureWise analysis the market for patient handling equipment in 2023 is US$ 11.07 billion, and is expected to reach US$ 18.21 billion by 2031 at a CAGR of 6.4%.
The increasing geriatric population, the rising risk of caregivers getting injured while handling patients manually, the administration of regulations to ensure safety of healthcare professionals are some of the driving factors affecting the growth of the market. FutureWise Market Research has instantiated a report that provides an intricate analysis of Patient Handling Equipment Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Patient Handling Equipment Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.