Patient Lifting Equipment Market is segmented by Product (Ceiling/Overhead Lift, Stair Lift, Mobile/Floor Lift, Sit to Stand Lift, Bath & Pool Lift, Lifting Slings, Lifting Accessories), End User (Hospital, Home Care, Elderly Care Facility), and Region (United States, Canada, Mexico, France, Germany, Italy, Spain, United Kingdom, Russia, China, India, Philippines, Malaysia, Australia, Austria, South Korea, Middle East, Japan, Africa and Rest of World)
Patient Lifting Equipment Market size was estimated at $3,381 Million in 2019 and is expected to reach $7,807.6 Million by 2027, growing at a CAGR of 12.7% during the forecast period of 2020 to 2027.
A sling or a sit to stand lift is used by patients to be transferred from bed or chair securely. It is used by hospitals to lift patients without having any orthopedic injuries. These kinds of instruments are also used by nursing homes and patients, who are given health care at home to make their lifting and transferring easy. These kinds of equipment have special advantages. It lifts heavy patients without causing any internal or external injuries to them. It comes in a different forms. Ceiling lifts are tied on the ceiling, while other kinds of lifts are floor lifts, over headed lifts, or wall-mounted. Also, these can be permanently fixed on certain places to use efficiently.
Patient Lifting Equipment Market Analysis
The rise in the number of geriatric and bariatric patients all across the world has increased the demand for patient lifting equipment. These measures are taken to avoid the internal and external injuries, which patients receive during their manual shifting. These equipment are highly in demand by nursing homes and hospitals to handle patients with more safety and care. They reduce the high risk of patients getting hurt while shifting beds. The in-charge should receive proper training to handle this equipment. The patient lifting equipment market is on the verge of growth this decade due to the high demands of patients and hospitals. It’s forecasted to reach extreme heights in the upcoming years of 2019-2026. The analyses have shown that the market is spread all over Asia, North America, Europe, and other such growing continents. Figures are shown, which states that about 33% of revenue is collected by North America itself in the market of Patient lifting equipment. This also states that the number of elderly citizens is growing rapidly in the country. Also, the market for hospital equipment, products of the health care industry is rapidly growing here. Many nursing homes and eldercare centers are also spreading their chains across the globe.
The market is growing not only on the number of products purchased and sold but also on the quality factor of equipment. This field of the market is stepping forward in growth due to the latest applications being installed and various designs that are meant for different patients. These are modified to make it handier, comfortable, and which occupies less space. The study says that a rise in the market is also the result of regular falls in the price of this portable medical equipment. In the past few years, the manufacturers have been working on the various strategies of designing the patient lifting equipment to make it more easeful. They are now modified and customized according to the need of patients. Customized equipment is also preferred by hospitals as well as the family of the patient who is getting treated in the home these days. The increase in the growth of the market of patient lifting equipment is also because of the various guidelines and terms released by the governments regarding the safety of patients at hospitals and private nursing homes.
Patient Lifting Equipment Market Growth and Trends
The patient lifting equipment market is expected to be backed by steep growth as a consequence of increasing population with disabilities. Growth in the ageing population, increasing the risk of injuries during manual handling of patients, stringent rules and norms in relation to the safety of healthcare personnel against manual lifting and betterment in healthcare infrastructure anticipate acceleration in the demand for patient lifting equipment. Patient lifts are useful for caregivers as well as disabled individuals, since the mobility of disabled and elderly persons becomes restricted while performing their daily tasks, to the extent of being dangerous at times. A variety of patient lifting equipment for different purposes to provide maximum utility to consumers accentuates demand for the same as they add to convenience of mobility on a routine basis. Bathtub lift equipment enable users to move in and out of the tub easily and comfortably, which generates demand. Convenience and benefit derived from sit-to-stand varieties of patient lifts for those who have lost muscular control to stand from the bed, or a wheelchair, are major factors promoting growth of the patient lifting equipment market. Sling lifts facilitate heavy-weight or obese patients to be carried without inducing stress to either the user or the caregiver providing support, as they function in easy and quick transfer of patients from one place to another without professional uninstallation and reinstallation, thereby bolstering their demand especially in elderly care facilities and home care settings. Growth of the global home health-care market will subsequently drive demand for patient lifting equipment.
Patient lifting equipment are featured by a drawback where sling lifts often compress and bend the body of patients during the transfer process. Lack of training extended to caregivers for efficiently operating the equipment is a mild restraining factor in the growth of its market.
Patient Lifting Equipment Market Share and Competition
The major companies in the patient lifting equipment market include Arjo (Sweden), DJO global (US), Drive DeVilbiss healthcare (US), ETAC (Sweden), GF Health Products (US), Guldmann (US), Handicare (Sweden), Hill-Rom Holdings, Inc. (US), Invacare (US), Joerns Healthcare (US), Medline Industries (US), Prism Medical UK. Hill-Rom (US) was the leading player in the market in 2018. The company provides a wide range of patient lifts such as mobile lifts, overhead lifts, free-standing lifts, sit-to-stand lifts, slings and lift sheets, and other lifting accessories. The company makes significant R&D investments, which is an integral part of its operations. Hill-Rom invested USD 0.14 billion towards R&D in 2018 (4.8% of total revenue). This significant investment in product development enabled the company to focus on product innovation. The constant focus on innovation helps the company to enhance its product offerings for the patient lifting equipment market. The companies are top in contributing to the lifting equipment industry. The industry is mainly spread in the regions of North America and Europe. The increasing demand of such equipment is increasing in the region of Asia Pacific, which is enabling the industry to move to the region. Almost 92% of the patient lifting equipment manufacturing and distribution industry is controlled by the above-mentioned companies based in Europe and North America. The healthcare needs in Africa are urging the investors to move towards the industry and provide the growth of manufacturing of these products in the region.
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2020 – 2027)
• Data breakdown for every market segment (2020 – 2027)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Product Analysis (Revenue, USD Million, 2020 - 2027)
• Ceiling Lifts
• Star & Wheelchair Lifts
• Mobile Lifts
• Sit-to-stand lifts
• Bath & Pool Lifts
• Lifting Slings
• Lifting accessories
End User Analysis (Revenue, USD Million, 2020 - 2027)
• Home Care Settings
• Elderly Care facilities
• Other End Users (Emergency medical services, long term acute care centers, trauma centers, and nursing homes)
Region Analysis (Revenue, USD Million, 2020 - 2027)
• United States
• United Kingdom
• South Korea
• Middle East
• Rest of World
Patient Lifting Equipment Market Companies
• Arjo (Sweden)
• DJO global (US)
• Drive DeVilbiss healthcare (US)
• ETAC (Sweden)
• GF Health Products (US)
• Guldmann (US)
• Handicare (Sweden)
• Hill-rom Holdings, Inc. (US)
• Invacare (US)
• Joerns Healthcare (US)
• Medline Industries (US)
• Prism Medical UK.
United States Patient Lifting Equipment Market Industry Research Report
Europe Patient Lifting Equipment Market Industry Research Report
Asia Pacific Patient Lifting Equipment Market Industry Research Report
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