Market Research

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

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from $1,500 120 Pages Triton Market Research August, 2024 TRTN19237692
Best Price Guarantee
Price from $1,500
Length 120 Pages
Publisher Triton Market Research
Published Date August, 2024
SKU TRTN19237692

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



Triton’s report denotes that the Latin America patient mechanical lift handling market is anticipated to progress at a CAGR of 5.14% during the forecasting period 2024-2032.

Latin America is a popular spot for medical tourism, drawing patients from various countries seeking healthcare. These healthcare facilities often emphasize patient safety and comfort, driving the demand for innovative technologies like patient mechanical lift handling systems. Industry estimates valued the medical tourism sector in the region to be around $7 billion in 2022. Additionally, the rising prevalence of chronic disorders such as obesity, diabetes, and cardiovascular disease often results in reduced mobility and a need for assistance with daily activities. In this regard, patient mechanical lift handling technology enables healthcare workers to safely and efficiently manage patients with limited mobility.

The countries reviewed in this region include Mexico, Brazil, and Rest of Latin America.

Brazil captures the majority of the market share, accounting for $30.74 million in 2023
  • In 2021, Brazil’s public health system (SUS) reported an increase in investments aimed at modernizing healthcare facilities, including the purchase of advanced equipment for patient handling.
  • The country’s aging population and inefficiencies in healthcare resource management create opportunities for US products and services, especially in assisted living, mental health, rehabilitation, and chronic disease management. These areas have a high demand for patient mechanical lift handling equipment essential for assisting the elderly with mobility and care.
  • The market for patient lift equipment in Brazil has significant growth potential if companies highlight cost-effectiveness and the advantages of their advanced technologies to succeed in the price-sensitive healthcare sector.
Market Forecast for Mexico

According to data from the Mexican National Institute of Statistics and Geography (INEGI), the leading causes of premature death in Mexico from January to June 2022 included heart disease (30.6%) and diabetes (27.6%). These figures underscore the urgent healthcare needs in Mexico, especially in chronic disease management, rehabilitation, and palliative care. The high incidence of heart disease and diabetes creates a substantial need for patient mechanical lift handling equipment to aid those with reduced mobility. Mexico’s increasing demand for advanced medical equipment, along with its expanding healthcare infrastructure, makes it a promising market for manufacturers and suppliers of such equipment.

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

A powered sit-to-stand lift, also known as an electric standing hoist, is a device designed to assist individuals who have difficulty transitioning from sitting to standing. Commonly used in healthcare facilities, nursing homes, and home care settings, these lifts facilitate the transfer of patients or adults with limited mobility. They typically consist of a sturdy frame with a sling or seat attachment that supports the individual during the transfer. An electric motor drives the lifting mechanism, eliminating the need for manual lifting and reducing physical strain on caregivers. The motor is operated by a handheld remote or control panel, ensuring safe and comfortable use.

Contender Analysis in the Patient Mechanical Lift Handling Equipment Market:

Stryker Corporation is a medical technology company specializing in a broad range of products and services across the orthopedic, medical and surgical, neurotechnology, and spine sectors. Key offerings include surgical navigation systems, orthopedic implants, patient handling and emergency medical equipment, etc. Additionally, the company’s products are designed for doctors, hospitals, and other healthcare facilities and are distributed through subsidiaries, branches, third-party dealers, and distributors across multiple regions, including Latin America. Stryker is headquartered in Kalamazoo, Michigan, the US.

Stryker’s product line includes Sage AirTap LC, a lift-compatible patient repositioning system offering 3-in-1 mobility. This product enables in-bed positioning, along with lateral and vertical transfer, ensuring patient safety during movement.

Other notable companies in the market include Savaria Corporation, Stryker Corporation, Sunrise Medical Inc, and Medline Industries LP.


LATIN AMERICA PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET 2024-2032.pdf

1. Latin America 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. Latin America 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. Latin America 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. Latin America Patient Mechanical Lift Handling Equipment Market – By Country Outlook
5.1. Latin America
5.1.1. Country Analysis
5.1.1.1. Brazil
5.1.1.1.1. Brazil Patient Mechanical Lift Handling Equipment Market Forecast & Prospects
5.1.1.2. Mexico
5.1.1.2.1. Mexico Patient Mechanical Lift Handling Equipment Market Forecast & Prospects
5.1.1.3. Rest Of Latin America
5.1.1.3.1. Rest Of Latin America 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: Latin America 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: Latin America Patient Mechanical Lift Handling Equipment Market, By Product, 2024-2032 (In $ Million)
Table 8: Latin America Patient Mechanical Lift Handling Equipment Market, By End-user, 2024-2032 (In $ Million)
Table 9: Latin America Patient Mechanical Lift Handling Equipment Market, By Country Outlook, 2024-2032 (In $ Million)
Figures List
Figure 1: Supply Chain Analysis
Figure 2: Latin America Patient Mechanical Lift Handling Equipment Market, By Product, 2023 & 2032 (In %)
Figure 3: Latin America Patient Mechanical Lift Handling Equipment Market, By Floor-based Lifts, 2024-2032 (In $ Million)
Figure 4: Latin America Patient Mechanical Lift Handling Equipment Market, By Powered Sit-to-stand Lifts, 2024-2032 (In $ Million)
Figure 5: Latin America Patient Mechanical Lift Handling Equipment Market, By Standup & Raising Lifts, 2024-2032 (In $ Million)
Figure 6: Latin America Patient Mechanical Lift Handling Equipment Market, By Overhead Lifts, 2024-2032 (In $ Million)
Figure 7: Latin America Patient Mechanical Lift Handling Equipment Market, By Bath Patient Lifters, 2024-2032 (In $ Million)
Figure 8: Latin America Patient Mechanical Lift Handling Equipment Market, By Other Products, 2024-2032 (In $ Million)
Figure 9: Latin America Patient Mechanical Lift Handling Equipment Market, By End-user, 2023 & 2032 (In %)
Figure 10: Latin America Patient Mechanical Lift Handling Equipment Market, By Hospital, 2024-2032 (In $ Million)
Figure 11: Latin America Patient Mechanical Lift Handling Equipment Market, By Homecare, 2024-2032 (In $ Million)
Figure 12: Latin America Patient Mechanical Lift Handling Equipment Market, By Elder Care Home, 2024-2032 (In $ Million)
Figure 13: Latin America Patient Mechanical Lift Handling Equipment Market, By Other End-users, 2024-2032 (In $ Million)
Figure 14: Latin America Patient Mechanical Lift Handling Equipment Market, By Country Outlook, 2023 & 2032 (In %)
Figure 15: Brazil Patient Mechanical Lift Handling Equipment Market 2024-2032 (In $ Million)
Figure 16: Mexico Patient Mechanical Lift Handling Equipment Market 2024-2032 (In $ Million)
Figure 17: Rest Of Latin America Patient Mechanical Lift Handling Equipment Market 2024-2032 (In $ Million)

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