Global Patient lifting Equipment Market is expected to grow at a CARG of 11.2% during the forecast period 2020-2027
A new research report published by Fior Markets with the title Patient lifting Equipment Market By Type ( Floor-Based Lifts, Powered Sit-To-Stand Lifts, Stand Up & Raising Lifts, Ceiling/Overhead Lifts, Gantry Lifts, Bath Patient Lifters, Others), End-User (Elderly Care Home, Homecare, Hospitals, Others), Application (Mobility Assistance, Acute And Critical Care, Fall Prevention, Long Term Care, Medical Bed, Others), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, And Forecast 2020 To 2027.
The global Patient lifting Equipment market is expected to grow from USD 7.85 billion in 2019 to USD 15.3 billion by 2027, at a CARG of 11.2 % during the forecast period 2020-2027. North America dominates the market, with U.S. ruling, this is because of increase in the prevalence rising demand for patient handling equipment, lifestyle diseases, and various initiatives taken by government programs for safe patient handling.
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The key players of this market are DJO Global, Guldmann, Joerns healthcare, Prism medical, GF health products, Arjo, Medline Industries, Drive Devilbiss Healthcare,hill-Rom Holdings and Invacare.
These companies are adopting new strategies like launching new products, mergers and acquisitions.
Invacare launched a product which enhances firm’s customer base. The product was “Simple Smart’ powerchair control with innovative technology.
The type segment includes floor-based lifts, powered sit-to-stand lifts, stand-up & raising lifts, ceiling/overhead lifts, gantry lifts, bath patient lifters, medical bed, and others. The medical care segment has the highest market share due to increase in the number of elderly populations, rising number of surgeries and obese population. These beds can be customized and advanced, which offer many benefits to the patients, increasing patient care. The end-user segment includes Elderly care home, homecare, hospitals, others. The other segment includes, trauma centers, long term cute centers, emergency medical services and nursing homes. The hospital segment has contributed the highest. Also, homecare segment will have a significant growth because of the well-trained workforce and increase in the demand for homecare settings and personal care. The application segment includes Mobility assistance, acute and critical care, fall prevention, long term care, others.
Increasing occurrence of chronic disease, rising geriatric population base, risk of injuries to caregivers in manual handling of patients and execution of new regulatory standards for which guarantee the safety of healthcare providers during manual lifting are some of the reasons boosting the market growth.
Ineffectively trained caregivers with high training cost and duration can hinder the market growth of patient handling equipment. Issues faced by caregivers such as sprains, musculoskeletal disorders and spinal injuries can possibly hamper patient handling industry growth in the coming years.
About the report:
The global Patient lifting Equipment market is analyzed on the basis of value (USD Billion), volume (K Units), export (K Units), and import (K Units). All the segments have been analyzed on global, regional and country basis. The study includes an analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, and competitor position grid analysis.
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