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Market Outlook
The global patient lifting equipment market is expected to expand from USD 3.2 billion in 2019 to USD 6.3 billion by 2025, growing at a CAGR of 12.9% over the forecast period of 2020-2025. The demand for mobile lifts is expected to increase rapidly, which will aid the industry growth in the forecast period. Mobile lifts are sling-based lifts that encourage the cost-effective and effortless transfer of heavy patients from one location to another without the need for professional installation of lifts as needed for ceiling lift type and other variants. These benefits encourage the implementation of portable lifts, particularly in the health care sector and in care facilities for elderly people, which is aiding the industry growth.
Properties and Applications
Patient lifting equipment are the equipment devoted to patient lifts and slings, working together to form complete patient transfer systems. Lifting equipment contains accessories, such as attachments, to help fix or anchor the equipment, further reducing the manual labour. The global patient lifting equipment market can be segmented into product type and end-use.
On the basis of its product type, the industry is divided into stand up and raising lifts/aid, overhead/ceiling lifts, floor-based lifts, gantry lifts, powered sit-to-stand lifts, and bath patient lifters, among others.
The industry can be broadly categorised based on its end-use into:
The EMR report looks into the regional patient lifting equipment markets like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
Market Analysis
The high risk of injuries to caretakers during the manual handling of patients, rising geriatric and bariatric populations, and the increased implementation of regulations ensuring the safety of healthcare personnel against manual lifting are the major factors driving the growth of the patient lifting equipment industry globally. The factor that might limit the growth of the industry in the forecast period is the lack of trained or professional caretakers for the effective handling of such equipment and patients.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global patient lifting equipment market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Questions Answered in the Market Report:
1 Preface
1.1 Objectives of The Study
1.2 Key Findings of The Study
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.4 Inference Data
3 Executive Summary
3.1 Market Overview
3.2 Market Analysis
4 Global Patient Lifting Equipment Market
4.1 Global Patient Lifting Equipment Market (2015-2019) & Forecast (2020-2025)
4.2 Global Patient Lifting Equipment Market Breakup by Product Type
4.2.1 Stand Up & Raising Lifts/Aid
4.2.2 Overhead/Ceiling Lifts
4.2.3 Floor-Based Lifts
4.2.4 Gantry Lifts
4.2.5 Powered Sit-To-Stand Lifts
4.2.6 Bath Patient Lifters
4.2.7 Others
4.3 Global Patient Lifting Equipment Market Breakup by Product Type: Historical Market (2015-2019) & Forecast (2020-2025)
4.3.1 Stand Up & Raising Lifts/Aid
4.3.2 Overhead/Ceiling Lifts
4.3.3 Floor-Based Lifts
4.3.4 Gantry Lifts
4.3.5 Powered Sit-To-Stand Lifts
4.3.6 Bath Patient Lifters
4.3.7 Others
4.4 Global Patient Lifting Equipment Market Breakup by End Use
4.4.1 Homecare
4.4.2 Hospitals
4.4.3 Elderly Care Homes
4.4.4 Others
4.5 Global Patient Lifting Equipment Market Breakup by End Use: Historical Market (2015-2019) & Forecast (2020-2025)
4.5.1 Homecare
4.5.2 Hospitals
4.5.3 Elderly Care Homes
4.5.4 Others
4.6 Global Patient Lifting Equipment Market Breakup by Region
4.6.1 North America
4.6.1.1 United States of America
4.6.1.2 Canada
4.6.2 Europe
4.6.2.1 Germany
4.6.2.2 United Kingdom
4.6.2.3 France
4.6.2.4 Italy
4.6.2.5 Others
4.6.3 Asia Pacific
4.6.3.1 China
4.6.3.2 Japan
4.6.3.3 India
4.6.3.4 ASEAN
4.6.3.5 Others
4.6.4 Latin America
4.6.4.1 Brazil
4.6.4.2 Argentina
4.6.4.3 Mexico
4.6.4.4 Others
4.6.5 Middle East & Africa
4.6.5.1 Saudi Arabia
4.6.5.2 United Arab Emirates
4.6.5.3 Nigeria
4.6.5.4 South Africa
4.6.5.5 Others
4.7 Global Patient Lifting Equipment Market Breakup by Region: Historical Market (2015-2019) & Forecast (2020-2025)
4.7.1 North America
4.7.1.1 United States of America
4.7.1.2 Canada
4.7.2 Europe
4.7.2.1 Germany
4.7.2.2 United Kingdom
4.7.2.3 France
4.7.2.4 Italy
4.7.2.5 Others
4.7.3 Asia Pacific
4.7.3.1 China
4.7.3.2 Japan
4.7.3.3 India
4.7.3.4 ASEAN
4.7.3.5 Others
4.7.4 Latin America
4.7.4.1 Brazil
4.7.4.2 Argentina
4.7.4.3 Mexico
4.7.4.4 Others
4.7.5 Middle East & Africa
4.7.5.1 Saudi Arabia
4.7.5.2 United Arab Emirates
4.7.5.3 Nigeria
4.7.5.4 South Africa
4.7.5.5 Others
5 SWOT Analysis
5.1 Overview
5.2 Strengths
5.3 Weaknesses
5.4 Opportunities
5.5 Threats
6 Porter’s Five Forces Analysis
6.1 Overview
6.2 Buyer’s Power
6.3 Supplier’s Power
6.4 New Entrants
6.5 Degree of Rivalry
6.6 Substitutes
7 Competitive Landscape & Supplier Analysis
7.1 Getinge Group
7.2 Handicare Group Ab
7.3 Hill Rom Holding Inc
7.4 Invacare Corporation
7.5 Mangar International, Inc.
7.6 Joerns Healthcare, Inc.
7.7 Others
8 Events and Developments
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We assess the historical, prevailing, and expected prices of commodities and raw materials by analysing our assiduously collected data from verified primary and secondary sources. Our assessments reflect the market values of related commodities within a region to help our consumers understand the interdependencies and formulate profitable industry strategies. Our price assessments cover both the average global prices along with the prevailing regional prices.
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