Patient handling equipment market projected to reach $17.29 billion by 2031

Growth is largely fueled by the increasing prevalence of geriatric and bariatric patients, who require specialized support to prevent fall-related injuries and manage functional disabilities. Hospitals and rehabilitation centers are prioritizing safety upgrades to protect both patients and staff, with patient transfer devices—specifically lifts—leading the market. In 2025, these devices accounted for 34.2% of the sector, while Europe maintained the largest regional market share at 31.5% due to its established healthcare infrastructure and demographic shifts.

Strategic shifts and industry consolidation

Major manufacturers, including Stryker, Arjo, and Baxter International, are responding to this demand by integrating robotics, artificial intelligence, and digital innovations into their product lines. Recent industry activity has been marked by aggressive consolidation, such as Arjo’s acquisition of Slingcare and Drive DeVilbiss Healthcare’s purchase of Compass Health Brands. Despite this momentum, market penetration faces a persistent hurdle: a shortage of specialized caregiver training required to operate advanced equipment efficiently. As home healthcare services expand, the industry is increasingly pivoting toward versatile, automated solutions that bridge the gap between clinical settings and independent living.