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This report aims to provide detailed insights into the global safe patient handling equipment market.
It provides valuable information on the type, procedure, application, and region in the market.
Expected Revenue Growth: The Patient Handling Devices Market is projected to reach USD 12.6 billion by 2024 from USD 8.9 billion in 2019, at a CAGR of 7.2% during the forecast period.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=186358368 Key Factors Driving Market Growth: The growth of patient handling devices 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.
On the other hand, the persistent difficulties in handling bariatric patients are expected to limit market growth to a certain extent.
The increasing geriatric, obese, and disabled population is the key factor contributing to the growth of this market.
Global geriatric care services market is expected to reach USD 1,012.02 billion by 2022, according to a new study by Grand View Research, Inc.
Constantly increasing geriatric population prone to chronic medical conditions is expected to drive market growth over the forecast period.
In 2012, according to data published by the Center of Disease Control (CDC) it has been estimated that nearly 95% nursing homes, 77% adult day care service centers, 78% home health agencies and 52% residential care communities were certified to participate in Medicaid.
Furthermore, nearly 99% home health agencies, 100% hospice, and 96.5% nursing homes were Medicare certified.Further key findings from the study suggest:The home care services market was valued at 255.36 billion in 2014 and is expected to grow at a healthy rate over the forecast period.
Services include medical and non-medical services.Institutional care services were the leading segment of the market in 2014.
Large presence and high usage rates of institutions offering geriatric care services such as nursing homes, assisted living facilities, hospital based geriatric care and independent senior living communities is a key factor attributing to its market position.
