Market Research

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

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from $2,750 202 Pages Triton Market Research August, 2024 TRTN19237682
Best Price Guarantee
Price from $2,750
Length 202 Pages
Publisher Triton Market Research
Published Date August, 2024
SKU TRTN19237682

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



According to Triton Market Research’s report, the Global Patient Mechanical Lift Handling Equipment Market is estimated to advance with a CAGR of 7.94% during the forecast period 2024-2032.

PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET ANALYSIS

Patient mechanical lift handling equipment refers to a range of devices and apparatus designed to facilitate the safe and efficient transfer of individuals with limited mobility or those in need of assistance during movement. This equipment aims to mitigate the risk of injury for both patients and healthcare providers while ensuring smoother and more comfortable transfers. Over time, technological advancements have led to the development of increasingly sophisticated and user-friendly systems. Manufacturers are now exploring the integration of IoT capabilities into patient lifter machines, enabling connectivity, data tracking, and remote monitoring. This connectivity not only enhances efficiency and safety but also provides valuable insights into caregiver workflows, equipment usage, and maintenance needs.

PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET PERFORMANCE: DRIVERS, CHALLENGES, AND OPPORTUNITIES

Greater Care Provision for the Rising Elderly Demographic

The global demographic shift towards an increasingly aged population is driving significant changes in healthcare needs and services. One of the critical aspects of this shift is the greater care provision required for the elderly, a demographic that is expanding rapidly. According to the United Nations, the number of individuals aged 60 and over is predicted to more than double by 2050, reaching more than 2 billion. This dramatic increase necessitates enhanced and specialized healthcare services, including the use of patient mechanical lift handling equipment.

As people age, they often face reduced mobility and increased health issues, which can make daily activities and movements more challenging and riskier. Mechanical lift handling equipment, such as hoists and transfer aids, play a crucial role in ensuring the safety and dignity of elderly patients. These devices help caregivers move patients safely, reducing the risk of injury for both the patient and the caregiver. The demand for such equipment is rising as healthcare providers, nursing homes, and home care services strive to meet the growing needs of the elderly population.

High Cost of Patient Mechanical Lift Handling Equipment

The high cost of patient mechanical lift handling equipment is a significant barrier to its widespread adoption. Modern models, particularly those equipped with advanced features and functionalities, can be prohibitively expensive. Basic electric lifts typically range from $1,200 to $5,000, while high-end models, such as bariatric lifts used for bariatric surgery patients and advanced electric lifts with extensive features, can exceed $5,000. This substantial financial investment can be particularly challenging for smaller healthcare facilities or homecare settings operating with limited budgets.

In addition to the initial purchase cost, the lack of awareness and training among healthcare professionals and caregivers presents another significant impediment. Without proper training, the misuse of these devices can lead to injuries for both patients and caregivers, further deterring adoption. Comprehensive training programs are essential to ensure the safe and effective use of mechanical lifts. Yet, they represent an additional cost and resource requirement that some facilities may find difficult to meet.

Demand for In-Home Healthcare Services

There is a growing preference among older individuals to receive long-term care or manage chronic diseases in the comfort and familiarity of their homes. This trend has significantly increased the demand for home healthcare services. Advances in medical technology and therapeutic practices have enabled healthcare professionals to effectively treat a wide array of health conditions within a home setting. Patients with chronic illnesses such as diabetes or heart disease can now benefit from regular monitoring, medication management, and educational support provided by trained professionals without the need for frequent hospital visits. The demand for patient mechanical lift handling equipment has surged as healthcare professionals strive to ensure the safety and mobility of patients within their homes. Mechanical lifts and transfer aids play a crucial role in facilitating safe movement and transfers for individuals with limited mobility or physical disabilities. These devices help maintain patient independence while reducing the risk of injuries for both patients and caregivers.

GLOBAL PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET REPORT SEGMENTATION:

Market by Product:

o Floor-based Lifts

o Powered Sit-to-Stand Lifts

o Standup & Raising Lifts

o Overhead Lifts

o Bath Patient Lifters

o Other Products

Floor-based lifts are a form of patient mechanical lift handling equipment that is frequently used in nursing homes and healthcare facilities. The strong structure of floor-based lifts is made of long-lasting materials like steel or aluminum. Further, a powered sit-to-stand lift, also known as an electric sit-to-stand lift or electric standing hoist, is a device that helps people who have trouble rising to a standing position.

Market by End-User:

o Hospital

o Homecare

o Elder Care Home

o Other End-Users

The increasing number of hospitals by private businesses is fueling industry expansion. Based on statistics from the American Hospital Association, the number of nongovernmental not-for-profit community hospitals rose from 2,946 in 2021 to 2,960 in 2022 in the US. As the number of hospitals increases, so does the demand for mechanical lift handling, which is likely to drive market growth.

KEY PATIENT MECHANICAL LIFT HANDLING EQUIPMENT COMPANIES INSIGHTS

The companies’ insights help dive into data about the key players in the patient mechanical lift handling equipment market. The strategic initiatives for each of the companies considered have been covered in detail. Some of the key battery companies’ strategic initiatives are:

Product Launch (May 2022): Invacare

The BirdieTM Evo XPLUS Patient Lift by Invacare is available in the United States. It is used for lifting or transferring a patient to or from a bed, chair, or floor.

Acquisition (February 2024): Joerns Healthcare and MasVida Health

Joerns Healthcare entered an agreement to transfer ownership of its rental service network in the states of Florida, Georgia, Louisiana, Oklahoma, and Texas with MasVida Health. Under this arrangement, MasVida Health has acquired the Joerns products and operational assets to cater to the long-term care rental service requirements.


GLOBAL PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET 2024-2032.pdf

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1. Global 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. Market Maturity Analysis
2.4. Supply Chain Analysis
2.4.1. Raw Material
2.4.2. Manufacturers
2.4.3. Distributors
2.4.4. End-user
2.5. Regulatory Framework
2.6. Key Market Strategies
2.6.1. Product Launches
2.6.2. Collaborations
2.6.3. Acquisitions
2.6.4. Business Expansions
2.7. Market Drivers
2.7.1. Greater Care Provision For The Rising Elderly Demographic
2.7.2. Caregiver Injury Risk In Manual Patient Handling
2.7.3. Incidence Of Chronic Diseases
2.7.4. Enhanced Operational Efficiency With Patient Mechanical Lift Handling Equipment
2.8. Market Challenges
2.8.1. High Cost Of Equipment
2.8.2. Storage Needs And Device Management Hurdles
2.8.3. Dearth Of Trained Caregivers
2.9. Market Opportunities
2.9.1. Demand For In-home Healthcare Services
2.9.2. Surge In Healthcare Expenditure And Focus On Patient Safety
2.9.3. Technological Advancements In Patient Handling Equipment
2.10. Analyst Perspective
3. Global 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. Global 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. Global Patient Mechanical Lift Handling Equipment Market – By Regional Outlook
5.1. North America
5.1.1. Market By Product
5.1.2. Market By End-user
5.1.3. Country Analysis
5.1.3.1. United States
5.1.3.1.1. United States Patient Mechanical Lift Handling Equipment Market Forecast & Prospects
5.1.3.2. Canada
5.1.3.2.1. Canada Patient Mechanical Lift Handling Equipment Market Forecast & Prospects
5.2. Europe
5.2.1. Market By Product
5.2.2. Market By End-user
5.2.3. Country Analysis
5.2.3.1. United Kingdom
5.2.3.1.1. United Kingdom Patient Mechanical Lift Handling Equipment Market Forecast & Prospects
5.2.3.2. Germany
5.2.3.2.1. Germany Patient Mechanical Lift Handling Equipment Market Forecast & Prospects
5.2.3.3. France
5.2.3.3.1. France Patient Mechanical Lift Handling Equipment Market Forecast & Prospects
5.2.3.4. Spain
5.2.3.4.1. Spain Patient Mechanical Lift Handling Equipment Market Forecast & Prospects
5.2.3.5. Italy
5.2.3.5.1. Italy Patient Mechanical Lift Handling Equipment Market Forecast & Prospects
5.2.3.6. Poland
5.2.3.6.1. Poland Patient Mechanical Lift Handling Equipment Market Forecast & Prospects
5.2.3.7. Rest Of Europe
5.2.3.7.1. Rest Of Europe Patient Mechanical Lift Handling Equipment Market Forecast & Prospects
5.3. Asia-Pacific
5.3.1. Market By Product
5.3.2. Market By End-user
5.3.3. Country Analysis
5.3.3.1. China
5.3.3.1.1. China Patient Mechanical Lift Handling Equipment Market Forecast & Prospects
5.3.3.2. Japan
5.3.3.2.1. Japan Patient Mechanical Lift Handling Equipment Market Forecast & Prospects
5.3.3.3. India
5.3.3.3.1. India Patient Mechanical Lift Handling Equipment Market Forecast & Prospects
5.3.3.4. South Korea
5.3.3.4.1. South Korea Patient Mechanical Lift Handling Equipment Market Forecast & Prospects
5.3.3.5. Asean Countries
5.3.3.5.1. Asean Countries Patient Mechanical Lift Handling Equipment Market Forecast & Prospects
5.3.3.6. Australia & New Zealand
5.3.3.6.1. Australia & New Zealand Patient Mechanical Lift Handling Equipment Market Forecast & Prospects
5.3.3.7. Rest Of Asia-Pacific
5.3.3.7.1. Rest Of Asia-Pacific Patient Mechanical Lift Handling Equipment Market Forecast & Prospects
5.4. Latin America
5.4.1. Market By Product
5.4.2. Market By End-user
5.4.3. Country Analysis
5.4.3.1. Brazil
5.4.3.1.1. Brazil Patient Mechanical Lift Handling Equipment Market Forecast & Prospects
5.4.3.2. Mexico
5.4.3.2.1. Mexico Patient Mechanical Lift Handling Equipment Market Forecast & Prospect
5.4.3.3. Rest Of Latin America
5.4.3.3.1. Rest Of Latin America Patient Mechanical Lift Handling Equipment Market Forecast & Prospects
5.5. Middle East And Africa
5.5.1. Market By Product
5.5.2. Market By End-user
5.5.3. Country Analysis
5.5.3.1. United Arab Emirates
5.5.3.1.1. United Arab Emirates Patient Mechanical Lift Handling Equipment Market Forecast & Prospects
5.5.3.2. Saudi Arabia
5.5.3.2.1. Saudi Arabia Patient Mechanical Lift Handling Equipment Market Forecast & Prospects
5.5.3.3. Turkey
5.5.3.3.1. Turkey Patient Mechanical Lift Handling Equipment Market Forecast & Prospect
5.5.3.4. South Africa
5.5.3.4.1. South Africa Patient Mechanical Lift Handling Equipment Market Forecast & Prospects
5.5.3.5. Rest Of Middle East & Africa
5.5.3.5.1. Rest Of Middle East & Africa 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: Global Patient Mechanical Lift Handling Equipment Market, By Regional Outlook, Historical Years, 2020-2023 (In $ Million)
Table 2: Global Patient Mechanical Lift Handling Equipment Market, By Regional Outlook, Forecast Years, 2024-2032 (In $ Million)
Table 3: Regulatory Framework
Table 4: List Of Product Launches
Table 5: List Of Collaborations
Table 6: List Of Acquisitions
Table 7: List Of Business Expansions
Table 8: Global Patient Mechanical Lift Handling Equipment Market, By Product, 2024-2032 (In $ Million)
Table 9: Global Patient Mechanical Lift Handling Equipment Market, By End-user, 2024-2032 (In $ Million)
Table 10: Global Patient Mechanical Lift Handling Equipment Market, By Regional Outlook, Historical Years, 2020-2023 (In $ Million)
Table 11: Global Patient Mechanical Lift Handling Equipment Market, By Regional Outlook, Forecast Years, 2024-2032 (In $ Million)
Table 12: North America Patient Mechanical Lift Handling Equipment Market, By Country Outlook, 2024-2032 (In $ Million)
Table 13: North America Patient Mechanical Lift Handling Equipment Market, By Product, 2024-2032 (In $ Million)
Table 14: North America Patient Mechanical Lift Handling Equipment Market, By End-user, 2024-2032 (In $ Million)
Table 15: Europe Patient Mechanical Lift Handling Equipment Market, By Country Outlook, 2024-2032 (In $ Million)
Table 16: Europe Patient Mechanical Lift Handling Equipment Market, By Product, 2024-2032 (In $ Million)
Table 17: Europe Patient Mechanical Lift Handling Equipment Market, By End-user, 2024-2032 (In $ Million)
Table 18: Asia-Pacific Patient Mechanical Lift Handling Equipment Market, By Country Outlook, 2024-2032 (In $ Million)
Table 19: Asia-Pacific Patient Mechanical Lift Handling Equipment Market, By Product, 2024-2032 (In $ Million)
Table 20: Asia-Pacific Patient Mechanical Lift Handling Equipment Market, By End-user, 2024-2032 (In $ Million)
Table 21: Latin America Patient Mechanical Lift Handling Equipment Market, By Country Outlook, 2024-2032 (In $ Million)
Table 22: Latin America Patient Mechanical Lift Handling Equipment Market, By Product, 2024-2032 (In $ Million)
Table 23: Latin America Patient Mechanical Lift Handling Equipment Market, By End-user, 2024-2032 (In $ Million)
Table 24: Middle East And Africa Patient Mechanical Lift Handling Equipment Market, By Country Outlook, 2024-2032 (In $ Million)
Table 25: Middle East And Africa Patient Mechanical Lift Handling Equipment Market, By Product, 2024-2032 (In $ Million)
Table 26: Middle East And Africa Patient Mechanical Lift Handling Equipment Market, By End-user, 2024-2032 (In $ Million)
Figures List
Figure 1: Market Maturity Analysis
Figure 2: Supply Chain Analysis
Figure 3: Global Patient Mechanical Lift Handling Equipment Market, By Product, 2023 & 2032 (In %)
Figure 4: Global Patient Mechanical Lift Handling Equipment Market, By Floor-based Lifts, 2024-2032 (In $ Million)
Figure 5: Global Patient Mechanical Lift Handling Equipment Market, By Powered Sit-to-stand Lifts, 2024-2032 (In $ Million)
Figure 6: Global Patient Mechanical Lift Handling Equipment Market, By Standup & Raising Lifts, 2024-2032 (In $ Million)
Figure 7: Global Patient Mechanical Lift Handling Equipment Market, By Overhead Lifts, 2024-2032 (In $ Million)
Figure 8: Global Patient Mechanical Lift Handling Equipment Market, By Bath Patient Lifters, 2024-2032 (In $ Million)
Figure 9: Global Patient Mechanical Lift Handling Equipment Market, By Other Products, 2024-2032 (In $ Million)
Figure 10: Global Patient Mechanical Lift Handling Equipment Market, By End-user, 2023 & 2032 (In %)
Figure 11: Global Patient Mechanical Lift Handling Equipment Market, By Hospital, 2024-2032 (In $ Million)
Figure 12: Global Patient Mechanical Lift Handling Equipment Market, By Homecare, 2024-2032 (In $ Million)
Figure 13: Global Patient Mechanical Lift Handling Equipment Market, By Elder Care Home, 2024-2032 (In $ Million)
Figure 14: Global Patient Mechanical Lift Handling Equipment Market, By Other End-users, 2024-2032 (In $ Million)
Figure 15: Global Patient Mechanical Lift Handling Equipment Market, By Regional Outlook, 2023 & 2032 (In %)
Figure 16: United States Patient Mechanical Lift Handling Equipment Market 2024-2032 (In $ Million)
Figure 17: Canada Patient Mechanical Lift Handling Equipment Market 2024-2032 (In $ Million)
Figure 18: United Kingdom Patient Mechanical Lift Handling Equipment Market 2024-2032 (In $ Million)
Figure 19: Germany Patient Mechanical Lift Handling Equipment Market 2024-2032 (In $ Million)
Figure 20: France Patient Mechanical Lift Handling Equipment Market 2024-2032 (In $ Million)
Figure 21: Spain Patient Mechanical Lift Handling Equipment Market 2024-2032 (In $ Million)
Figure 22: Italy Patient Mechanical Lift Handling Equipment Market 2024-2032 (In $ Million)
Figure 23: Poland Patient Mechanical Lift Handling Equipment Market 2024-2032 (In $ Million)
Figure 24: Rest Of Europe Patient Mechanical Lift Handling Equipment Market 2024-2032 (In $ Million)
Figure 25: China Patient Mechanical Lift Handling Equipment Market 2024-2032 (In $ Million)
Figure 26: Japan Patient Mechanical Lift Handling Equipment Market 2024-2032 (In $ Million)
Figure 27: India Patient Mechanical Lift Handling Equipment Market 2024-2032 (In $ Million)
Figure 28: South Korea Patient Mechanical Lift Handling Equipment Market 2024-2032 (In $ Million)
Figure 29: Asean Countries Patient Mechanical Lift Handling Equipment Market 2024-2032 (In $ Million)
Figure 30: Australia & New Zealand Patient Mechanical Lift Handling Equipment Market 2024-2032 (In $ Million)
Figure 31: Rest Of Asia-Pacific Patient Mechanical Lift Handling Equipment Market 2024-2032 (In $ Million)
Figure 32: Brazil Patient Mechanical Lift Handling Equipment Market 2024-2032 (In $ Million)
Figure 33: Mexico Patient Mechanical Lift Handling Equipment Market 2024-2032 (In $ Million)
Figure 34: Rest Of Latin America Patient Mechanical Lift Handling Equipment Market 2024-2032 (In $ Million)
Figure 35: United Arab Emirates Patient Mechanical Lift Handling Equipment Market 2024-2032 (In $ Million)
Figure 36: Saudi Arabia Patient Mechanical Lift Handling Equipment Market 2024-2032 (In $ Million)
Figure 37: Turkey Patient Mechanical Lift Handling Equipment Market 2024-2032 (In $ Million)
Figure 38: South Africa Patient Mechanical Lift Handling Equipment Market 2024-2032 (In $ Million)
Figure 39: Rest Of Middle East & Africa Patient Mechanical Lift Handling Equipment Market 2024-2032 (In $ Million)

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