February 24, 2024

Per-Encounter Medical Market Is Expected To Be Flourished By Rising Adoption Of Lightweight Medical Equipment

The Per-Encounter Medical Market includes various types of powered mobility equipment and specialty medical beds designed for ambulant and non-ambulant patients. Powered equipment in this market includes powered wheelchairs, scooters, and specialty beds that are lightweight and portable which helps in easier movement of patients within limited spaces such as hospital rooms and home healthcare settings. Powered wheelchairs and scooters feature intuitive joystick controls, rechargeable batteries, and lightweight frames for comfortable maneuvering indoors and outdoors. Specialty beds offer customized support surfaces, adjustable heights and positions, and pressure-relieving features to support various health conditions and mobility levels.

The global Per-Encounter Medical Market is estimated to be valued at US$ 133.64 Billion in 2024 and is expected to exhibit a CAGR of 11% over the forecast period 2024 To 2031, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:

The growing adoption of lightweight medical equipment is driving the growth of the per-encounter medical market. Lightweight mobility equipment and beds support easier movement and transportation of patients within clinical settings as well as home environments. Growing patient preferences for home healthcare and rising home medical equipment rentals are also augmenting the demand for portable medical devices. Furthermore, technological advancements enabling compact designs, lightweight materials, and rechargeable batteries provide enhanced functionality and usability. Manufacturers are increasingly focusing on developing specialized products customized for specific health conditions to further expand market opportunities. However, high costs associated with powered medical devices may hinder market growth.

 

Segment Analysis

The per-encounter medical market can be segmented based on product type and end user. Based on product type, the market is dominated by wheelchair and accessories segment due to rising prevalence of mobility disabilities. Wheelchairs help patients in independent mobility and improve their quality of life.

PEST Analysis

Political: Governments worldwide are promoting initiatives to improve accessibility for disables. Regulations mandate provision of healthcare equipment and infrastructure for disabled.

Economic: Rising geriatric population and disabilities is driving demand. However, high equipment cost can hamper market growth.

Social: Increasing awareness about rights and healthcare of disabled is encouraging adoption. Social stigma around disabilities is reducing.

Technological: Innovation is focusing on developing smart, lightweight products with latest features. AI, IoT and 3D printing will make products customizable as per needs.

Key Takeaways

The Global Per-Encounter Medical Market Demand  is expected to witness high growth.

 

Regional analysis:

North America dominates currently led by US and Canada. Presence of prominent players, favorable reimbursement policies and initiatives for disabled drive market.

Key players operating in the per-encounter medical market are Invacare Corporation, Sunrise Medical (US) LLC, Permobil Inc., Pride Mobility Products Corporation, and Drive Devilbiss Healthcare.

Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it