Market Research

Asia-Pacific Patient Mechanical Lift Handling Equipment Market: Growth Prospects 2024-2032

Best Price Guarantee Length Publisher Published Date SKU
from $1,500 139 Pages Triton Market Research August, 2024 TRTN19237658
Best Price Guarantee
Price from $1,500
Length 139 Pages
Publisher Triton Market Research
Published Date August, 2024
SKU TRTN19237658

Asia_pacific Patient Mechanical Lift Handling Equipment Market: Growth Prospects 2024-2032



As per Triton Market Research’s report, the Asia-Pacific patient mechanical lift handling equipment market is anticipated to witness growth at a CAGR of 8.60% over the period 2024-2032.

The Asia-Pacific region is experiencing rapid population aging, leading to an increase in mobility restrictions, disabilities, and chronic diseases. According to UNFPA, the number of elderly people in the region will triple by 2050, reaching 1.3 billion. This demographic shift creates a growing need for effective patient transfer and mobility solutions, driving mechanical lift handling equipment demand. In response, governments in the region are enhancing healthcare infrastructure and aged care services through investments in healthcare facilities, promoting assistive equipment, and implementing safety regulations. For instance, China’s National Health Commission plans to enhance its medical and healthcare sector, aiming to elevate its residents’ main health indicators to match those of high-income countries by 2035. Such government initiatives support the growth of the patient mechanical lift handling equipment market.

The countries evaluated in this region comprise China, India, Australia & New Zealand, Japan, South Korea, ASEAN Countries, and Rest of APAC.

China leads the regional market, acquiring around $131.35 million in 2023

The increasing elderly population in China is driving the demand for patient mechanical lift handling equipment. With the rise in the number of older adults, there is a growing need for safe and efficient methods to lift and transfer people, especially in healthcare facilities and homes. In 2023, around 14% of the population was aged 65 and above, according to the World Bank.

The prevalence of chronic diseases in China further boosts the demand for patient lift equipment. Healthcare providers seek effective ways to care for individuals with chronic conditions. According to ‘Prevention and Control of Obesity in China’, the country has the highest number of obese individuals globally, with approximately 46% of adults being overweight or obese. This rise in obesity subsequently increases the need for mechanical lift handling equipment in China.

As the incidence of chronic diseases increases, so does the demand for specialized treatment and equipment in hospitals and rehabilitation centers. In this regard, patient mechanical lift handling equipment plays a vital role in providing safe and efficient care,

Market Forecast for South Korea

South Korea has significantly expanded and modernized its healthcare infrastructure, including hospitals and long-term care facilities. As these facilities update their equipment and enhance patient care services, there is a growing focus on acquiring mechanical lift equipment to improve patient mobility and safety. Additionally, as the population ages, chronic illnesses like arthritis, osteoporosis, and mobility limitations are becoming increasingly prevalent. These conditions often require assistance in safely moving patients, which can be effectively provided by mechanical lift handling equipment.

The market is branched into product and end-user. The product segment further includes powered sit-to-stand lifts, overhead lifts, floor-based lifts, standup & raising lifts, bath patient lifters, and other products.

Floor-based lifts, also known as mobile or portable patient lifts, are essential tools in nursing homes and healthcare facilities. Designed to assist in the movement and transfer of patients with limited mobility, these lifts ensure safe and efficient transitions within the facility. Constructed from durable materials like steel or aluminum, the robust frame provides the necessary support and stability. The lifting mechanism, powered by hydraulics or electricity, allows caregivers to securely elevate and lower patients.

Contender Analysis in the Patient Mechanical Lift Handling Equipment Market:

Sunrise Medical Inc specializes in creating and selling mobility and assistive technology devices. Following the acquisition of BEC Mobility in 1983, Sunrise Medical established its first distribution and production divisions in the United Kingdom and the United States. The company’s product range includes manual and power wheelchairs, mobility scooters, and positioning systems. These products are manufactured in the United States, Mexico, Germany, the United Kingdom, Spain, and China and are sold in over 130 countries.

In March 2024, Sunrise Medical introduced the QUICKIE Q50 R Carbon, the lightest folding power wheelchair with a transport weight of only 32 lbs. Although light, it has a 300 lbs weight capacity. This product is easy to transport, store, and maneuver.

Other leading companies in the market consist of Arjo AB, Invacare Corporation, Baxter International Inc, and Medline Industries LP.


ASIA-PACIFIC PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET 2024-2032.pdf

1. Asia-Pacific Patient Mechanical Lift Handling Equipment Market - Summary
2. Industry Outlook
2.1. Impact Analysis On The Patient Mechanical Lift Handling Equipment Market
2.1.1. Covid-19 Impact
2.2. Porter’s Five Forces Analysis
2.2.1. Threat Of New Entrants
2.2.2. Threat Of Substitutes
2.2.3. Bargaining Power Of Buyers
2.2.4. Bargaining Power Of Suppliers
2.2.5. Threat Of Competitive Rivalry
2.3. Supply Chain Analysis
2.3.1. Raw Material
2.3.2. Manufacturers
2.3.3. Distributors
2.3.4. End-user
2.4. Regulatory Framework
2.5. Key Market Strategies
2.5.1. Product Launches
2.5.2. Collaborations
2.5.3. Acquisitions
2.5.4. Business Expansions
2.6. Market Drivers
2.6.1. Greater Care Provision For The Rising Elderly Demographic
2.6.2. Caregiver Injury Risk In Manual Patient Handling
2.6.3. Incidence Of Chronic Diseases
2.6.4. Enhanced Operational Efficiency With Patient Mechanical Lift Handling Equipment
2.7. Market Challenges
2.7.1. High Cost Of Equipment
2.7.2. Storage Needs And Device Management Hurdles
2.7.3. Dearth Of Trained Caregivers
2.8. Market Opportunities
2.8.1. Demand For In-home Healthcare Services
2.8.2. Surge In Healthcare Expenditure And Focus On Patient Safety
2.8.3. Technological Advancements In Patient Handling Equipment
2.9. Analyst Perspective
3. Asia-Pacific Patient Mechanical Lift Handling Equipment Market – By Product
3.1. Floor-based Lifts
3.2. Powered Sit-to-stand Lifts
3.3. Standup & Raising Lifts
3.4. Overhead Lifts
3.5. Bath Patient Lifters
3.6. Other Products
4. Asia-Pacific Patient Mechanical Lift Handling Equipment Market– By End-user
4.1. Hospital
4.2. Homecare
4.3. Elder Care Home
4.4. Other End-users
5. Asia-Pacific Patient Mechanical Lift Handling Equipment Market – By Country Outlook
5.1. Asia-Pacific
5.1.1. Country Analysis
5.1.1.1. China
5.1.1.1.1. China Patient Mechanical Lift Handling Equipment Market Forecast & Prospects
5.1.1.2. Japan
5.1.1.2.1. Japan Patient Mechanical Lift Handling Equipment Market Forecast & Prospects
5.1.1.3. India
5.1.1.3.1. India Patient Mechanical Lift Handling Equipment Market Forecast & Prospects
5.1.1.4. South Korea
5.1.1.4.1. South Korea Patient Mechanical Lift Handling Equipment Market Forecast & Prospects
5.1.1.5. Asean Countries
5.1.1.5.1. Asean Countries Patient Mechanical Lift Handling Equipment Market Forecast & Prospects
5.1.1.6. Australia & New Zealand
5.1.1.6.1. Australia & New Zealand Patient Mechanical Lift Handling Equipment Market Forecast & Prospects
5.1.1.7. Rest Of Asia-Pacific
5.1.1.7.1. Rest Of Asia-Pacific Patient Mechanical Lift Handling Equipment Market Forecast & Prospects
6. Competitive Landscape
6.1. Arjo Ab
6.1.1. Overview
6.1.2. Portfolio
6.1.3. Key Strengths
6.1.4. Key Challenges
6.2. Baxter International Inc (Hill Rom Holdings Inc)
6.2.1. Overview
6.2.2. Portfolio
6.2.3. Key Strengths
6.2.4. Key Challenges
6.3. Etac Ab
6.3.1. Overview
6.3.2. Portfolio
6.3.3. Key Strengths
6.3.4. Key Challenges
6.4. Invacare Corporation
6.4.1. Overview
6.4.2. Portfolio
6.4.3. Key Strengths
6.4.4. Key Challenges
6.5. Joerns Healthcare
6.5.1. Overview
6.5.2. Portfolio
6.5.3. Key Strengths
6.5.4. Key Challenges
6.6. Medline Industries Lp
6.6.1. Overview
6.6.2. Portfolio
6.6.3. Key Strengths
6.6.4. Key Challenges
6.7. Savaria Corporation
6.7.1. Overview
6.7.2. Portfolio
6.7.3. Key Strengths
6.7.4. Key Challenges
6.8. Stryker Corporation
6.8.1. Overview
6.8.2. Portfolio
6.8.3. Key Strengths
6.8.4. Key Challenges
6.9. Sunrise Medical Inc.
6.9.1. Overview
6.9.2. Portfolio
6.9.3. Key Strengths
6.9.4. Key Challenges
6.10. Winncare Group
6.10.1. Overview
6.10.2. Portfolio
6.10.3. Key Strengths
6.10.4. Key Challenges
7. Research Methodology & Scope
7.1. Research Scope & Deliverables
7.2. Sources Of Data
7.3. Research Methodology
Table List
Table 1: Asia-Pacific Patient Mechanical Lift Handling Equipment Market, By Country Outlook, 2024-2032 (In $ Million)
Table 2: Regulatory Framework
Table 3: List Of Product Launches
Table 4: List Of Collaborations
Table 5: List Of Acquisitions
Table 6: List Of Business Expansions
Table 7: Asia-Pacific Patient Mechanical Lift Handling Equipment Market, By Product, 2024-2032 (In $ Million)
Table 8: Asia-Pacific Patient Mechanical Lift Handling Equipment Market, By End-user, 2024-2032 (In $ Million)
Table 9: Asia-Pacific Patient Mechanical Lift Handling Equipment Market, By Country Outlook, 2024-2032 (In $ Million)
Figures List
Figure 1: Supply Chain Analysis
Figure 2: Asia-Pacific Patient Mechanical Lift Handling Equipment Market, By Product, 2023 & 2032 (In %)
Figure 3: Asia-Pacific Patient Mechanical Lift Handling Equipment Market, By Floor-based Lifts, 2024-2032 (In $ Million)
Figure 4: Asia-Pacific Patient Mechanical Lift Handling Equipment Market, By Powered Sit-to-stand Lifts, 2024-2032 (In $ Million)
Figure 5: Asia-Pacific Patient Mechanical Lift Handling Equipment Market, By Standup & Raising Lifts, 2024-2032 (In $ Million)
Figure 6: Asia-Pacific Patient Mechanical Lift Handling Equipment Market, By Overhead Lifts, 2024-2032 (In $ Million)
Figure 7: Asia-Pacific Patient Mechanical Lift Handling Equipment Market, By Bath Patient Lifters, 2024-2032 (In $ Million)
Figure 8: Asia-Pacific Patient Mechanical Lift Handling Equipment Market, By Other Products, 2024-2032 (In $ Million)
Figure 9: Asia-Pacific Patient Mechanical Lift Handling Equipment Market, By End-user, 2023 & 2032 (In %)
Figure 10: Asia-Pacific Patient Mechanical Lift Handling Equipment Market, By Hospital, 2024-2032 (In $ Million)
Figure 11: Asia-Pacific Patient Mechanical Lift Handling Equipment Market, By Homecare, 2024-2032 (In $ Million)
Figure 12: Asia-Pacific Patient Mechanical Lift Handling Equipment Market, By Elder Care Home, 2024-2032 (In $ Million)
Figure 13: Asia-Pacific Patient Mechanical Lift Handling Equipment Market, By Other End-users, 2024-2032 (In $ Million)
Figure 14: Asia-Pacific Patient Mechanical Lift Handling Equipment Market, By Country Outlook, 2023 & 2032 (In %)
Figure 15: China Patient Mechanical Lift Handling Equipment Market 2024-2032 (In $ Million)
Figure 16: Japan Patient Mechanical Lift Handling Equipment Market 2024-2032 (In $ Million)
Figure 17: India Patient Mechanical Lift Handling Equipment Market 2024-2032 (In $ Million)
Figure 18: South Korea Patient Mechanical Lift Handling Equipment Market 2024-2032 (In $ Million)
Figure 19: Asean Countries Patient Mechanical Lift Handling Equipment Market 2024-2032 (In $ Million)
Figure 20: Australia & New Zealand Patient Mechanical Lift Handling Equipment Market 2024-2032 (In $ Million)
Figure 21: Rest Of Asia-Pacific Patient Mechanical Lift Handling Equipment Market 2024-2032 (In $ Million)

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