Patient Support Equipments Market size is estimated to be USD 4.5 Billion in 2024 and is expected to reach USD 7.2 Billion by 2033 at a CAGR of 5.6% from 2026 to 2033.
In 2022, the global patient support equipment market was valued at approximately USD 13.5 billion and is projected to reach USD 21.5 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2030. North America led the market with a 37% share in 2023, attributed to its advanced healthcare infrastructure and increased healthcare spending. Europe followed, driven by technological advancements and supportive government initiatives. The Asia Pacific region is experiencing rapid growth due to improving healthcare facilities and a large aging population. Latin America and the Middle East & Africa regions are also witnessing growth, propelled by increased investments in healthcare infrastructure and a heightened focus on patient care and safety.Opportunities in the patient support equipment market are abundant, particularly in emerging economies where healthcare infrastructure is expanding. Technological innovations, such as the integration of Internet of Things (IoT) and artificial intelligence (AI) in patient support equipment, are opening new avenues for market growth. Additionally, the rising trend towards home based healthcare services is creating demand for equipment designed for home use, promoting patient independence and reducing the burden on healthcare facilities.
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Sunrise Medical
Invacare Corp
Stryker Corp
Medline Industries
Drive Medical
GF Health Products
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Patient Support Equipments Market
Mobility Aids
Rehabilitation Equipment
Home Care Equipment
Monitoring Devices
Assistive Communication Devices
Elderly Patients
Pediatric Patients
Post-surgery Patients
Chronic Illness Patients
Disabled Patients
Direct Sales
Online Retailers
Healthcare Facilities
Pharmacies
Third-party Distributors
Home Use
Hospital Use
Assisted Living Facilities
Rehabilitation Centers
Outdoor Use
Traditional Technologies
Smart/IoT-enabled Technologies
Wearable Devices
Telehealth Devices
AI-integrated Systems
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Patient Support Equipments Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Patient Support Equipments Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Patient Support Equipments Market, By Type
6. Global Patient Support Equipments Market, By Application
7. Global Patient Support Equipments Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Patient Support Equipments Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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