Patient Mechanical Lift Handling Equipment Market By Product (Stand Up & Raising Lifts/Aids, Overhead/Ceiling Lifts, Floor-based Lifts, Gantry Lifts, Powered Sit-to-stand Lifts, Bath Patient Lifters, and Others), and End User (Homecare, Hospitals, Elderly Care Homes, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030
The global patient mechanical lift handling equipment market was valued at $1,241.04 million in 2020, and is projected to reach $2,676.16 million by 2030, registering a CAGR of 8.5% from 2021 to 2030.
Healthcare workers and caregivers use patient mechanical lift handling equipment to transfer, lift, and reposition patients. Caregivers and healthcare workers are prone to musculoskeletal injuries during manual handling of patients. Hospitals and healthcare institutes prefer using mechanical lifting equipment to ensure safety and convenience of patients. In addition, mechanical lifts improve the quality of life of bed-ridden patients by increasing their mobility and prevent pressure ulcers.
Increase in bariatric & geriatric population and rise in incidence of musculoskeletal injuries among caregivers drive the growth of the market. Moreover, increase in number of accidents and disabilities contribute toward the growth of the market. However, cost associated with the equipment, lack of awareness among patients, and inaccessibility to quality healthcare services in developing economies are the major barriers for the growth of the market. On the contrary, rise in demand for home healthcare services is expected to offer lucrative opportunities for market expansion during the forecast period.
The patient mechanical lift handling equipment market is segmented on the basis of product, end user, and region. On the basis of product, the market is segmented into stand up & raising lifts/aids, overhead/ceiling lifts, floor-based lifts, gantry lifts, powered sit-to-stand lifts, bath patient lifters, and others. According to end user, it is categorized into homecare, hospitals, elderly care homes, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS FOR STAKEHOLDERS
This report provides a detailed quantitative analysis of the current market trends and future estimations from 2020 to 2030, which assists to identify the prevailing market opportunities.
An in-depth analysis of various regions is anticipated to provide a detailed understanding of the current trends to enable stakeholders to formulate region-specific plans.
A comprehensive analysis of the factors that drive and restrain the growth of the patient mechanical lift handling equipment market is provided.
An extensive analysis of various regions provides insights that allow companies to strategically plan their business moves.
Key market players and their strategies have been analyzed to understand the competitive outlook of the market.
KEY MARKET SEGMENTS
BY PRODUCT
Stand Up & Raising Lifts/Aids
Overhead/Ceiling Lifts
Floor-Based Lifts
Gantry Lifts
Powered Sit-to-stand Lifts
Bath Patient Lifters
Others
BY END USER
Homecare
Hospitals
Elderly Care Homes
Others
BY REGION
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia Pacific
Japan
China
Australia
India
South Korea
Rest of Asia Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
KEY MARKET PLAYERS
Baxter International Inc.
Gainsborough Specialist Bathrooms
Getinge AB
Guldmann Inc.
Invacare Corporation
Joerns Healthcare LLC
Savaria Corporation
Stryker Corporation
Sunrise Medical LLC
Winncare Group
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