The per-encounter medical market encompasses medical devices that are used to help patients in hospitals and clinics during each medical encounter. Per-encounter equipment includes mobility assistance devices like wheelchairs, medical beds, and stretchers that facilitate easy movement and transportation of patients within the healthcare facility. These products help reduce strain on caregivers and streamline work processes. The growing geriatric population suffering from limited mobility due to chronic diseases and disabilities is fueling demand for per-encounter equipment. Furthermore, rising healthcare costs have prompted facilities to invest in assistive technologies that enhance patient throughput and operational efficiency.

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 2024-2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

One of the key trends in the per-encounter medical market is the growing adoption of powered wheelchairs. Powered wheelchairs offer improved mobility, posture, and comfort to patients compared to manual wheelchairs. Various technological advancements are increasing the functionality of powered wheelchairs. For instance, some high-end models come equipped with features like leg elevation, tilt functions, reclining backs, and customized control modules. Furthermore, powered wheelchairs with lithium-ion batteries are gaining traction as they enable longer battery life and portability. The rising customer preference for advanced functionalities is propelling the demand for powered wheelchairs in the market.

Porter’s Analysis

Threat of new entrants: Low barrier for new entrants to enter the market with new technologies and innovative solutions. However, established players have strong brand image and distribution networks.

Bargaining power of buyers: Large pool of options available for buyers gives them high bargaining power to negotiate on price.

Bargaining power of suppliers: Few dominant suppliers for key components gives them negotiating power over manufacturers.

Threat of new substitutes: New assistive technologies like exoskeleton poses threat to existing products.

Competitive rivalry: Intense competition among existing players to gain market share through new product launches and innovation.

Key Takeaways

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

Regional analysis –

The US and Canada hold the largest share in the North American per-encounter medical market. Growing burden of disabilities is majorly driving the regional demand. Germany, France and UK are major markets in Europe. Rising prevalence of chronic diseases and supportive government initiatives are supplementing European market growth.

Key players operating in the per-encounter medical market are Invacare Corporation, Sunrise Medical (US) LLC, Permobil Inc., Pride Mobility Products Corporation, Drive Devilbiss Healthcare, Hoveround Corporation, Ottobock Healthcare, 21st Century Scientific, Inc., Meyra GmbH, LEVO AG, Merits Co. Ltd., Segway Inc., Scewo, GF Health Products Inc., Karman Healthcare, Inc., KYMCO Healthcare, SOWECARE B.V, and Nanjing Jin Bai He Medical Apparatus Co., Ltd.

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