Middle East And Africa Patient Mechanical Lift Handling Equipment Market: Growth Prospects 2024-2032
Triton’s report estimates that the Middle East and Africa patient mechanical lift handling equipment market is set to register a compound annual growth rate of 4.94% during the forecast period 2024-2032.
Healthcare spending in the Middle East and Africa is rising due to improved access to services and increased investment in infrastructure. With patient safety becoming a priority in healthcare settings, mechanical lifts are increasingly used to reduce the risk of injury during patient transfers and movement, benefiting both patients and healthcare personnel. Additionally, a third of the adults in the UAE are obese, alongside 1 out 5 diagnosed with diabetes or pre-diabetes, as noted by ITA. This rise in lifestyle diseases has elevated the demand for high quality healthcare and supported a rise in healthcare institutions, including hospitals and rehabilitation centers, which require mechanical lift equipment for safe and effective patient transfers.
The countries reviewed in this region include Saudi Arabia, Turkey, UAE, South Africa, and Rest of Middle East & Africa.
Saudi Arabia leads the regional market, acquiring $15.42 million in 2023.
As per ITA, Saudi Arabia is responsible for 60% of the healthcare spending in the Gulf Cooperation Council (GCC) countries, reflecting the sector’s high importance to the nation’s government. In 2023 alone, it allocated $50.4 billion towards healthcare and social development.As part of Vision 2030, Saudi Arabia plans to invest over $65 billion to enhance its healthcare infrastructure. This includes reorganizing and privatizing health services and insurance, establishing 21 health clusters nationwide. With these investments, there will be a growing need for advanced medical equipment to support patient care and safety, particularly reliable and efficient mechanical lift handling equipment across hospitals, clinics, and healthcare facilities.Market Forecast for Turkey
Turkey’s population currently has a smaller proportion of people aged 65 and over compared to Europe and the United States. However, projections show this demographic will significantly increase to 10.7% by 2026. This shift is expected to lead to higher healthcare spending over the next decade. Currently, Turkey spends 4.5% of its Gross Domestic Product (GDP) on healthcare, owing to healthcare transformation programs. The medical devices segment has seen steady growth, averaging 5-10% annually over the past decade. Hence, these factors are expected to create opportunities for manufacturers and suppliers in the patient mechanical lift handling equipment market.
The market segmentation includes end-user and product. The end-user segment consists of homecare, elder care home, hospital, and other end-users.
Nursing homes, assisted living facilities, and residential care homes provide care, support, and housing for elderly individuals who require assistance with daily tasks and medical care. Bariatric lifts are designed to provide the necessary strength and stability for transferring residents with higher body weights. These lifts feature enhanced weight capacities and robust construction to ensure safe movement and reduce strain on caregivers. In some cases, mechanical lift handling equipment may also support rehabilitation exercises, such as aiding a resident during standing or walking activities as part of their rehabilitation program.
Contender Analysis in the Patient Mechanical Lift Handling Equipment Market:
Baxter International Inc produces a diverse range of healthcare products, including sterile intravenous solutions, generic injectable medications, parenteral nutrition therapy, infusion systems and devices, inhaled anesthetics, and surgical hemostats and sealants. These products are utilized in hospitals, rehabilitation centers, dialysis clinics, nursing homes, and for home care. Baxter distributes its products through direct sales, along with a network of independent distributors, specialty pharmacies, drug wholesalers, and other providers. The company operates in varied regions, including the Middle East and Africa.
Baxter offers mobile patient lifts that are designed to enable caregivers to support patient movement more often, aiding in reducing the fall risk and length of stay.
Other eminent firms in the market comprise Medline Industries LP, Savaria Corporation, Stryker Corporation, and Joerns Healthcare.
MIDDLE EAST AND AFRICA PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET 2024-2032.pdf