Market Research

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

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from $1,500 125 Pages Triton Market Research August, 2024 TRTN19237712
Best Price Guarantee
Price from $1,500
Length 125 Pages
Publisher Triton Market Research
Published Date August, 2024
SKU TRTN19237712

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



According to Triton Market Research, the North America patient mechanical lift handling equipment market is expected to advance at a CAGR of 8.04% during the forecasting years 2024-2032.

In North America, the prevalence of chronic conditions such as arthritis, osteoporosis, and obesity is increasing. These conditions often limit patients’ mobility, making mechanical lift handling equipment essential for their safe and comfortable transfer. The substantial investment in healthcare in the region highlights a commitment to enhancing patient care and outcomes. As per the American Medical Association, health expenditures in the United States rose by 4.1%, reaching a total of $4.5 trillion in 2022. This rise in spending elevates the demand for varied machines, including patient lift equipment, to improve safety, prevent injuries, and elevate the overall quality of care

Further, regulations in North America mandate stringent safety measures for both patients and healthcare professionals during manual handling tasks. Mechanical lift handling equipment helps healthcare facilities comply with these regulations by reducing the risk of accidents and musculoskeletal issues among staff.

The countries mentioned in the region include Canada and the United States.

The United States leads the regional market, accounting for $614.94 million in 2023
  • Aging population, a rise in chronic diseases, and an increased focus on patient safety have surged demand for patient lift handling equipment. The Centers for Disease Control and Prevention (CDC) reports that 60% of adults in the US are diagnosed with chronic diseases, with 40% having two or more conditions.
  • Additionally, CDC data from March 2022 noted that there were around 130 million emergency department visits and 35 million injury-related visits in 2021. This high volume of injuries and emergency visits is likely to drive surged adoption of mechanical lift equipment.
  • With the expansion of long-term care services and increasing patient handling needs in home healthcare, the demand for lifting equipment is expected to grow in homecare settings.
Market Forecast for Canada

Canada’s aging population is driving increased demand for patient mechanical lift handling equipment. As the number of elderly individuals and those with limited mobility grows, the need for lifting devices that ensure the safety and well-being of patients and healthcare professionals during transfers and mobility tasks becomes more pressing. The most common chronic diseases in Canada include cancer, heart disease, diabetes, and stroke. According to Statistics Canada, around 45.1% of citizens lived with one major chronic disease in 2021. The rise in chronic conditions increases hospitalizations, thereby stimulating the studied market growth across Canada.

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

Overhead ceiling lifts provide a safe and secure method for individuals with mobility impairments or disabilities to transfer. These lifts significantly minimize the risk of falls, injuries, and accidents compared to manual or traditional transfer methods. The growing focus on safety and the desire to lessen caregiver strain has heightened the demand for ceiling lifts. These lifts enhance accessibility and promote diversity by enabling individuals with mobility challenges to move around their environment more independently. They facilitate transfers in various spaces, such as restrooms and bedrooms, where transfers are often necessary.

Contender Analysis in the Patient Mechanical Lift Handling Equipment Market:

Savaria, headquartered in Brampton, Canada, specializes in accessibility solutions for the elderly and disabled. The company designs, manufactures, and installs a range of accessibility equipment, including straight and curved stair lifts, vertical and inclined wheelchair lifts, and elevators for both residential and commercial settings. Additionally, Savaria offers pressure management products, medical beds, and various patient safety solutions, such as transfer, lifting, and repositioning aids. The company operates through three main segments: accessibility, patient care, and adapted vehicles.

Medline Industries LP, Stryker Corporation, Sunrise Medical Inc, and Winncare Group are among the key companies listed in the patient mechanical lift handling equipment market.


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

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

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