Global Patient Lifting Equipment Market, By Product (Ceiling Lifts, Stair and Wheelchair Lifts, Mobile Lifts, Sit- to- Stand Lifts, Bath and Pool Lifts, Lifting Slings, Accessories), End- User (Hospitals, Home Care Setting, Elderly Care Facilities, Other) – Industry Trends and Forecast to 2029
Market Analysis and Size
Patient lifts have proven to be useful for both disabled people and caregivers. Disabled and elderly people have mobility issues while going about their daily lives, and they often find the process dangerous. People with disabilities will increasingly require mobility or lifting devices to carry out their daily activities, as geriatric disorders frequently co-occur with obesity and disability.
- Data Bridge Market Research analyses that the Patient Lifting Equipment market is expected to reach the value of USD 7.89 billion by the year 2029, at a CAGR of 13.25% during the forecast period. Increasing popularity of home healthcare is expected to create new opportunity for the market.
Market Definition
Patient lifts are used to transfer and lift patients from one location to another, such as from the bath to the bed, stretchers to chairs, and so on. Sling lifts have a limitation in that they bend and compress the patient's body during the transfer process.
Patient Lifting Equipment Market Dynamics
Drivers
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The rise in the mobile lifts segment is expected to grow faster than average.
It is a challenge to store the bulk data generated by the electronic health records (EHR) on the local storage devices due to the risk associated with the loss of essential data. Hence, deploying these interoperability solutions in the healthcare sector becomes critical to enable easy sharing and storage of big data.
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The upsurge in home care applications
Due to the increased emphasis on lowering healthcare costs and government initiatives to promote home healthcare, the home care settings segment is expected to grow at the fastest rate during the forecast period. The expansion of the global home healthcare market is expected to drive demand for patient lifting equipment.
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Regulatory Compliance
Maintaining compliance with medical reforms and regulations raises the demand for these solutions.
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Government investments for healthcare especially for ageing population
The growing population of people with disabilities is expected to drive market growth. Other factors such as an ageing population, an increase in the risk of injuries during manual patient handling, strict rules and norms governing the safety of healthcare personnel against manual lifting, and improvements in healthcare infrastructure are expected to drive demand for patient lifting equipment during the forecast period.
Restraints/Challenges
The patient lifting equipment market, on the other hand, faces major challenges due to a lack of trained and unprofessional caregivers, as well as health issues such as sprains, musculoskeletal disorders, and spinal injuries.
This Patient Lifting Equipment market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Patient Lifting Equipment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Covid-19 Impact on Patient Lifting Equipment Market
COVID-19 has resulted in a significant increase in the demand for medical supplies such as personal protective equipment such as masks, gloves, and protective eyeglasses. With an increase in the number of COVID-19 cases worldwide, the demand for medical supplies from both healthcare professionals and civil populations for precautionary measures continues to rise. Manufacturers of these products have an opportunity to capitalise on the increased demand for medical supplies in order to ensure an adequate and consistent supply of personal protective equipment in the market. COVID 19 is expected to have a significant impact on the Patient Lifting Equipment market as a result of these factors.
Recent Development
- Invacare Corporation collaborated with Alber to announce the US launch of SMOOV one, an innovative and pioneering power-assist solution, in July 2020.
- Etac introduced two new products on October 23rd, 2018, Molift Raiser pro, which was available in both sitting and standing segments.
Global Patient Lifting Equipment Market Scope
The Patient Lifting Equipment market is segmented on the basis of product and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- eiling lifts
- stair and wheelchair lifts
- mobile lifts
- sit- to- stand lifts
- bath and pool lifts
- lifting slings
- accessories
The product segment of the patient lifting equipment market is divided into ceiling lifts, stair and wheelchair lifts, mobile lifts, sit- to- stand lifts, bath and pool lifts, lifting slings and accessories.
End User
- Healthcare Providers
- Hospitals
- Home care settings
- Elderly care facilities
- others
Based on end- users, the patient lifting equipment market is segmented into hospitals, home care setting, elderly care facilities and other..
Patient Lifting Equipment Market Regional Analysis/Insights
The Patient Lifting Equipment market is analysed and market size insights and trends are provided by country, product and end user as referenced above.
The countries covered in the Patient Lifting Equipment market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America is expected to grow at the fastest CAGR. The growing geriatric and bariatric population in the United States and Canada, the expansion of the North American home healthcare industry, and the increasing patient volume in nursing homes and elderly care facilities are the major factors driving the growth of the North American patient lifting equipment market.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The Patient Lifting Equipment market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for Patient Lifting Equipment market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the Patient Lifting Equipment market. The data is available for historic period 2010-2020.
Competitive Landscape and Patient Lifting Equipment Market Share Analysis
The Patient Lifting Equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to Patient Lifting Equipment market.
Some of the major players operating in the Patient Lifting Equipment market are rjo, DJO Global, Inc., Drive DeVilbiss International, Hill-Rom Services Inc., Invacare Corporation, Joerns Healthcare LLC, Medline Industries, Inc., BESTCARE Medical, Nuk Healthcare, Home Medical Products Inc.,Orion Health group of companies, OSP Labs, AM HEALTHCARE TECHNOLOGY, Deevita LLC, GENERAL ELECTRIC COMPANY, and IBM among others.
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