Global Patient Mechanical Lift Handling Equipment Market, By Product Type (Medical Beds, Patient Repositioning Equipment, Mobility Aid, Bathroom Safety and Ambulatory Aids, Bath Patient Lifters, Floor-based Lifts, Overhead/Ceiling Lifts, Powered Sit-To-Stand Lifts, Stand-up and Raising Lifts, and Other Products), Type of Care (Long Term Care, Bariatric Care, Acute and Critical Care, Wound Care, Fall Prevention and Others), Accessories (Hospital Bed Accessories, Medical Bed Accessories, Lifting Accessories, Transfer Accessories, Stretcher Accessories and Others), End User (Hospital, Home Care Settings, Elderly Care Facilities and Others) – Industry Trends and Forecast to 2029.
Patient Mechanical Lift Handling Equipment Market Analysis and Size
According to the National Cancer Institute, breast cancer is the most common cancer, with 290,560 new cases expected in the United States in 2022. The country's next most common cancers are prostate and lung cancer. This cancer burden is expected to increase hospital admissions and lengthen hospital stays, necessitating patient mechanical lifts for patient handling. This is expected to drive demand for mechanical lifts used for patient handling, resulting in market growth in the country.
Data Bridge Market Research analyses that the patient mechanical lift handling equipment market which was USD 1,619.31 million in 2021, is expected to reach USD 3037.43 million by 2029, at a CAGR of 8.18% during the forecast period 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Patient Mechanical Lift Handling Equipment Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Medical Beds, Patient Repositioning Equipment, Mobility Aid, Bathroom Safety and Ambulatory Aids, Bath Patient Lifters, Floor-based Lifts, Overhead/Ceiling Lifts, Powered Sit-To-Stand Lifts, Stand-up and Raising Lifts, and Other Products), Type of Care (Long Term Care, Bariatric Care, Acute and Critical Care, Wound Care, Fall Prevention and Others), Accessories (Hospital Bed Accessories, Medical Bed Accessories, Lifting Accessories, Transfer Accessories, Stretcher Accessories and Others), End User (Hospital, Home Care Settings, Elderly Care Facilities and Others)
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Countries Covered
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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
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Market Players Covered
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OpeMed (United Care) Ltd. (U.K.), Vendlet ApS (Denmark), Permobil, Stiegelmeyer GmbH & Co. KG (Germany), Stryker (U.S.), Sunrise Medical (Germany), LINET (Ireland), Mangar Health (U.K.), Benmor Medical Limited (U.K.), Arjo (Sweden), DJO LLC (U.S.), Drive DeVilbiss healthcare (U.K.), Etac (Sweden), GF Health Products Inc. (U.S.), V. Guldmann A/S (Denmark), Handicare Group (Sweden), Hill-Rom Services Inc. (U.S.), Invacare Corporation (U.S.), Joerns Healthcare LLC (U.S.), Medline Industries Inc. (U.S.)
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Market Opportunities
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Market Definition
Patient mechanical lift handling equipment is used to lift patients who cannot move or whose weight makes manual movement unsafe. These devices are used in hospitals, home care, and nursing homes. Mechanical lifts are classified into four types: floor-based lifts, stand-up and raising lifts/aids, powered sit-to-stand lifts, overhead/ceiling lifts, gantry lifts, and bath patient lifters. All of these patient lifts work together to facilitate total patient transfer.
Global Patient Mechanical Lift Handling Equipment Market Dynamics
Drivers
- Rising incidence and prevalence of spinal cord injury
The expansion of the global market for patient mechanical lift handling equipment is anticipated to be driven by the rising incidence and prevalence of spinal cord injury. For instance, the projected starting incidence of traumatic spinal cord injury (TSCI) in 2010 was 1,785 cases per year, and the discharge incidence was 1,389, according to a report published in Karger in 2012. (41 per million). 2,286 instances of non-traumatic spinal cord injury (NTSCI) are projected to be discharged (68 per million). 85,556 people in Canada are projected to have SCI (51% have TSCI and 49% have NTSCI).
- Rise in ageing population
According to the Senior Report 2021 published by America's Health Rankings United Health Foundation, more than 54 million adults aged 65 and older lived in the United States in 2021, accounting for approximately 16.5% of the country's population. As this population becomes more prone to chronic diseases and surgeries for treatment, the rate of hospitalization rises, which is expected to drive demand for patient mechanical lift handling equipment. Increasing musculoskeletal disorders in the United States are expected to boost demand for patient mechanical lift-handling equipment during the forecast period.
Opportunities
- Increase in the number of spinal cord injury patients
The increase in the number of spinal cord injury patients is anticipated to fuel growth. For instance, the Japan Trauma Data Bank (JTDB) from 2004 to 2013 recorded 25,792 spinal injury patients (M, 70.1%, F, 29.9%, mean age: 53.4 years), according to the National Center for Biotechnology Information (NCBI) in August 2018. When multiple injuries were included, the number of cases increased to 33,892 (M, 70.4%, F, 29.6%). From 2004 (15.4%) to 2013, there was an increase in the proportion of patients with spinal injuries among all trauma patients in the JTDB (17.6%). Most of the injuries were caused by person falls (52.4%) and car accidents (39.8%), respectively.
Restraints/Challenges
- Lack of awareness among patients
Lack of proper budget allocation and a lack of awareness among patients in developing and underdeveloped regions will act as a restraint and further challenge the growth of patient mechanical lift handling equipment during the forecast period.
This patient mechanical lift handling 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 mechanical lift handling 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 the Patient Mechanical Lift Handling Equipment Market
COVID-19 is likely to positively impact the market because of the increased rate of hospitalizations worldwide. Mechanical lifts are used for patients with severe debilitating conditions, such as those with chronic disease or the elderly. According to the study, hospitalization rates per 100,000 population were 7.4 in those aged 50-64 years and 13.8 in those over 65 years. Rates were highest among those over 65, ranging from 12.2 in the 65-74 age group to 17.2 in those over 85. Overall, hospitalization rates have increased. A significant increase in hospitalisation rates is expected to boost market demand for patient mechanical lift handling equipment.
Recent developments
- In July 2021, AmeriGlide announced the launch of a brand-new stair lift. The AmeriGlide UP Stair Lift is equipped with innovative features that ensure maximum safety and comfort when ascending and descending the stairs.
- In January 2021, Handicare's launched its AP-Series Portable Ceiling Lifts will be available in North America. The heavy-duty smart batteries in the AP-Series increase lifting capacity on a single charge. SafeGuardHook and ActiveSenseTilt Detection are among the features.
Global Patient Mechanical Lift Handling Equipment Market Scope
The patient mechanical lift handling equipment market is segmented on the basis of product type, type of care, accessories 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 Type
- Medical Beds
- Patient Repositioning Equipment
- Mobility Aid
- Bathroom Safety and Ambulatory Aids
- Bath Patient Lifters
- Floor-based Lifts
- Overhead/Ceiling Lifts
- Powered Sit-To-Stand Lifts
- Stand-up and Raising Lifts
- Other Products
Type of Care
- Long Term Care
- Bariatric Care
- Acute and Critical Care
- Wound Care
- Fall Prevention
- Others
Accessories
- Hospital Bed Accessories
- Medical Bed Accessories
- Lifting Accessories
- Transfer Accessories
- Stretcher Accessories
- Others
End User
- Hospital
- Home Care Settings
- Elderly Care Facilities
- Others
Patient Mechanical Lift Handling Equipment Market Regional Analysis/Insights
The patient mechanical lift handling equipment market is analyzed and market size insights and trends are provided by country, product type, type of care, accessories and end-user as referenced above.
The countries covered in the patient mechanical lift handling 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 dominates the patient mechanical lift handling equipment market due to increasing prevalence of various musculoskeletal conditions and the availability of better healthcare infrastructure.
Asia-Pacific is expected to dominate in the forecast period of 2022 to 2029 owing to an increase in bariatric and geriatric population and an increase in the population's purchasing power in the region.
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 mechanical lift handling 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 mechanical lift handling equipment market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the patient mechanical lift handling equipment market. The data is available for historic period 2010-2020.
Competitive Landscape and Patient Mechanical Lift Handling Equipment Market Share Analysis
The patient mechanical lift handling 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 mechanical lift handling equipment market.
Some of the major players operating in the patient mechanical lift handling equipment market are:
- OpeMed (United Care) Ltd. (U.K.)
- Vendlet ApS (Denmark)
- Permobil, Stiegelmeyer GmbH & Co. KG (Germany)
- Stryker (U.S.)
- Sunrise Medical (Germany)
- LINET (Ireland)
- Mangar Health (U.K.)
- Benmor Medical Limited (U.K.)
- Arjo (Sweden)
- DJO LLC (U.S.)
- Drive DeVilbiss healthcare (U.K.)
- Etac (Sweden)
- GF Health Products Inc. (U.S.)
- V. Guldmann A/S (Denmark)
- Handicare Group (Sweden)
- Hill-Rom Services Inc. (U.S.)
- Invacare Corporation (U.S.)
- Joerns Healthcare LLC (U.S.)
- Medline Industries Inc. (U.S.)
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