The global patient mechanical lift handling equipment market size was US$ 1347.7 million in 2021. The global patient mechanical lift handling equipment market size is forecast to reach US$ 2876.1 million by 2030, growing at a compound annual growth rate (CAGR) of 8.6% during the forecast period from 2022 to 2030.
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The purpose of a patient mechanical lift is to assist patients in transferring and moving when their mobility is impaired. Patient mobility and transport require more support than manual assistance from caregivers. A patient mechanical lift handling system may include a floor lift, a sit-stand lift, or a ceiling track lift. The purpose of patient lifts is to lift and transfer patients from one place to another, and they should not be confused with elevators or stairway chair lifts. They are either powered or operated manually. The powered equipment uses a rechargeable battery, while the manual equipment uses hydraulics.
Factors Influencing Market Growth
A growing population of bariatrics and geriatrics, an increase in the incidence of musculoskeletal injuries, and an increase in the demand for mechanical lift handling equipment contribute to the growth of the global patient mechanical lift handling equipment market.
Increased accident and disability rates contribute to the growth of the overall market.
The cost of the equipment, lack of awareness among patients, and the lack of access to quality healthcare in developing economies may slow down the overall market growth.
The growing demand for home healthcare services is forecast to offer lucrative growth opportunities for the global market.
Impact Analysis of COVID-19
As a result of COVID-19 outbreaks, the outlook for the patient mechanical lift handling equipment industry has significantly changed. As a result of the COVID-19 pandemic, there was an increase in the demand for patient mechanical lift handling equipment at hospitals. The number of patients admitted to hospitals has increased. Thus, the need for patient handling equipment has increased. COVID-19 had a generally positive impact on the patient mechanical lift handling equipment market.
Regional Insights
North America held the largest share of the global patient mechanical lift handling equipment market in 2021 and is forecast to continue dominating the market in the future. A number of factors are responsible for the growth, including an increase in accidents and disabilities, an increase in the need for patient handling devices, availability of modern healthcare facilities with trained medical professionals, an increase in R&D activities, and a surge in government investment.
The Asia Pacific is forecast to have the highest growth rate during the forecast period. As a result of the improvements in healthcare infrastructure, the increase in hospitals equipped with advanced instruments, the rise in healthcare reforms, and technological advancements in patient handling.
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Leading Competitors
The leading prominent companies profiled in the global patient mechanical lift handling equipment market are:
Baxter International Incorporated
Gainsborough Specialist Bathrooms
Getinge AB
Guldmann Incorporated
Invacare Corporation
Joerns Healthcare LLC
Savaria Corporation
Stryker Corporation
Sunrise Medical LLC
Winncare Group
Other Prominent Players
Scope of the Report
The global patient mechanical lift handling equipment market segmentation focuses on Product, End-User, and Region.
Segmentation based on Product
Stand Up & Raising Lifts/Aids
Overhead/Ceiling Lifts
Floor-Based Lifts
Gantry Lifts
Powered Sit-to-stand Lifts
Bath Patient Lifters
Others
Segmentation based on End-User
Homecare
Hospitals
Elderly Care Homes
Others
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Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Table of Content:
Report Overview
Global Growth Trends
Competition Landscape by Key Players
Data Segments
North America Market Analysis
Europe Market Analysis
Asia-Pacific Market Analysis
Latin America Market Analysis
Middle East & Africa Market Analysis
Key Players Profiles Market Analysis
Analysts Viewpoints/Conclusions
Appendix
Patient Mechanical Lift Handling Equipment Market Research Report Scenario includes:
>The report provides qualitative and quantitative trends of global Patient Mechanical Lift Handling Equipment Market across type, type of products, service, and geography.
>The report starts with the key takeaways, highlighting the key trends and outlook of the global Patient Mechanical Lift Handling Equipment Market.
>Provides the research methodology of the study.
>Further provides PEST analysis for each region.
>Highlights the key industry dynamics in the Patient Mechanical Lift Handling Equipment Market, including factors that are driving the market, prevailing deterrent, potential opportunities as well as future trends. Impact analysis of these drivers and restraints is also covered in this section.
>Discusses the global Patient Mechanical Lift Handling Equipment Market scenario, in terms of historical market revenues, and forecast till the year 2031.
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