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Patient Lifting Equipment Market

Global Patient Lifting Equipment Market Share, Growth, Forecast: By Type: Bath Patient Lifters, Floor-based Lifts, Overhead/Ceiling Lifts, Powered Sit-To-Stand Lifts, Standup and Raising Lifts, Other Products; By End User: Hospitals, Home Healthcare, Others; Regional Analysis; Patent Analysis; Grants Analysis; Supplier Landscape; 2024-2032

Global Patient Lifting Equipment Market Outlook

The global patient lifting equipment market size was valued at USD 4.74 billion in 2023, driven by the increased demand for efficient patient lifting solutions, rising incidences of chronic illnesses, heightened investments in the healthcare sector, and growing demand for home healthcare facilities. The market is anticipated to grow at a CAGR of 12.8% during the forecast period 2024-2032 to reach a value of USD 14.01 billion by 2032.

 

Patient Lifting Equipment Market

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Increased Demand for Ceiling Lifts to Propel the Growth of the Global Patient Lifting Equipment Industry

Based on product, the ceiling lifts segment is predicted to account for a significant market share in the patient lifting equipment industry. These lifts are hung directly on the ceiling beams, where railings can be set up to facilitate effortless patient transportation from room to room. In addition, the availability of motorised ceiling lifts is also adding to its overall popularity. Meanwhile, stair and wheelchair lifts are increasingly in demand in nursing homes and homecare facilities, as they reduce the need for caregivers to manually lift a patient, thus, reducing any chances of injury to caregivers while also mitigating the risk of any complication to the patient. These factors are predicted to augment the market growth in the coming years.

 

North America to Possess a Significant Market Share in the Global Patient Lifting Equipment Industry

North America is anticipated to occupy a significant share of the patient lifting industry in the forecast period. This growth can be attributed to the heightened deployment of patient hoisting mechanisms in the region. This can be associated with the rising geriatric population in the region. Moreover, the increased investment in the development of quality healthcare infrastructure with all amenities is anticipated to bolster market growth. Furthermore, the presence of the leading players in the region is also contributing to the industry growth in North America

 

Patient Lifting Equipment: Market Segmentation

Patient lifting equipment are hoisting devices that assist in the movement of patients with limited mobility, for instance, while transferring a patient from bed to chair. It utilises electricity and hydraulics power to efficiently lift and transfer patients. These are essential for patients with mobility disorders, the elderly with weakness in their lower bodies, or the patients who have been immobilised. These can be used both at hospitals and in homecare settings. They ensure the safe and easy movement of patients.

 

Patient Lifting Equipment Market By Segments

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By product, the market is divided into:

  • Ceiling Lifts
  • Stair and Wheelchair Lifts
  • Mobile Lifts
  • Sit-To-Stand Lifts
  • Bath and Pool Lifts
  • Lifting Slings
  • Accessories

Based on end use, the market can be categorised into:

  • Hospitals 
  • Homecare
  • Elderly Care Facilities
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Rising Incidences of Mobility Disorders and the Growing Geriatric Population to Bolster the Growth of the Global Patient Lifting Equipment Industry

The global patient lifting equipment industry is being driven by the heightened incidences of mobility disorders around the globe. According to the WHO statistics, more than 1 billion people (almost equivalent to 15% of the global population) around the world are suffering from some kind of disability. Major factors contributing to these disabilities are unhealthy lifestyles, genetic disorders, accidents, and chronic illnesses, among others. This is expected to provide a boost to the demand for patient lifting equipment globally. Moreover, the rising investments in the healthcare sector are aiding the growth of the patient lifting equipment industry. In addition, the increasing geriatric population, which is at increased risk of contracting severe illnesses, is expected to positively impact the market.

 

Patient Lifting Equipment Market By Region

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Key Industry Players in the Global Patient Lifting Equipment Market

The report gives a detailed analysis of the following key players in the global patient lifting equipment market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Stryker Corporation
  • Handicare Group AB
  • Arjo AB
  • Hill-Rom Services, Inc.
  • Invacare Corporation 
  • Sunrise Medical Limited
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2017-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • End User
  • Region
Breakup by Type
  • Bath Patient Lifters
  • Floor-based Lifts
  • Overhead/Ceiling Lifts
  • Powered Sit-To-Stand Lifts
  • Standup and Raising Lifts
  • Other Products
Breakup by End User
  • Hospitals
  • Home Healthcare
  • Other End Users
Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Market Dynamics
  • Market Drivers and Constraints
  • SWOT Analysis
  • Porter’s Five Forces Model 
  • Key Demand Indicators
  • Key Price Indicators
  • Industry Events, Initiatives, and Trends 
  • Value Chain Analysis
Supplier Landscape
  • Market Structure
  • Company Profiles
    • Financial Analysis
    • Product Portfolio
    • Demographic Reach and Achievements
    • Mergers and Acquisitions
    • Certifications
Companies Covered
  • Gainsborough Healthcare Group
  • ARJO
  • Handicare Group AB
  • Hill Rom Holding Inc.
  • Invacare Corporation
  • Joerns Healthcare Inc.
  • Mangar International Inc.
  • Strykar
  • Sunrise Medical LLC
  • Guldmann Inc.
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1    Preface
    1.1    Objectives of the Study
    1.2    Key Assumptions
    1.3    Report Coverage – Key Segmentation and Scope 
    1.4    Research Methodology
2    Executive Summary
3    Global Patient Lifting Equipment Market Overview
 
    3.1    Patient Lifting Equipment Market Historical Value (2017-2023) 
    3.2    Patient Lifting Equipment Market Forecast Value (2024-2032)
4    Global Patient Lifting Equipment Market Landscape
    4.1    Patient Lifting Equipment: Developers Landscape
        4.1.1    Analysis by Year of Establishment
        4.1.2    Analysis by Company Size
        4.1.3    Analysis by Region
    4.2    Patient Lifting Equipment: Product Landscape
        4.2.1    Analysis by Type
        4.2.2    Analysis by Technology
        4.2.3    Analysis by End user
5    Global Patient Lifting Equipment Market Dynamics
    5.1    Market Drivers and Constraints
    5.2    SWOT Analysis
    5.3    Porter’s Five Forces Model
    5.4    Key Demand Indicators 
    5.5    Key Price Indicators
    5.6    Industry Events, Initiatives, and Trends  
    5.7    Value Chain Analysis
6    Global Patient Lifting Equipment Market Segmentation
    6.1    Patient Lifting Equipment Market by Type
        6.1.1    Market Overview    
        6.1.2    Bath Patient Lifters
        6.1.3    Floor-based Lifts
        6.1.4    Overhead/Ceiling Lifts
        6.1.5    Powered Sit-To-Stand Lifts
        6.1.6    Standup and Raising Lifts
        6.1.7    Other Products
    6.2    Patient Lifting Equipment Market by End User
        6.2.1    Market Overview
        6.2.2    Hospitals
        6.2.3    Home Healthcare
        6.2.4    Other End Users
    6.3    Patient Lifting Equipment Market by Region
        6.3.1    Market Overview
        6.3.2    North America
        6.3.3    Europe 
        6.3.4    Asia Pacific
        6.3.5    Latin America
        6.3.6    Middle East and Africa
7    North America Patient Lifting Equipment 
    7.1    Market Share by Country
    7.2    United States of America
    7.3    Canada
8    Europe Patient Lifting Equipment 
    8.1    Market Share by Country
    8.2    United Kingdom
    8.3    Germany
    8.4    France
    8.5    Italy
    8.6    Others
9    Asia Pacific Patient Lifting Equipment 
    9.1    Market Share by Country
    9.2    China
    9.3    Japan
    9.4    India
    9.5    ASEAN
    9.6    Australia
    9.7    Others
10    Latin America Patient Lifting Equipment 
    10.1    Market Share by Country
    10.2    Brazil
    10.3    Argentina
    10.4    Mexico
    10.5    Others
11    Middle East and Africa Patient Lifting Equipment 
    11.1    Market Share by Country
    11.2    Saudi Arabia
    11.3    United Arab Emirates
    11.4    Nigeria
    11.5    South Africa
    11.6    Others
12    Regulatory Framework
    12.1    Regulatory Overview
        12.1.1    US FDA
        12.1.2    EU EMA
        12.1.3    INDIA CDSCO
        12.1.4    JAPAN PMDA
        12.1.5    Others
13    Patent Analysis
    13.1    Analysis by Type of Patent
    13.2    Analysis by Publication year
    13.3    Analysis by Issuing Authority
    13.4    Analysis by Patent Age
    13.5    Analysis by CPC Analysis
    13.6    Analysis by Patent Valuation 
    13.7    Analysis by Key Players
14    Grants Analysis
    14.1    Analysis by year
    14.2    Analysis by Amount Awarded
    14.3    Analysis by Issuing Authority
    14.4    Analysis by Grant Application
    14.5    Analysis by Funding Institute
    14.6    Analysis by NIH Departments
    14.7    Analysis by Recipient Organization 
15    Clinical Trials Analysis
    15.1     Analysis by Trial Registration Year
    15.2    Analysis by Trial Status
    15.3    Analysis by Trial Phase
    15.4    Analysis by Therapeutic Area
    15.5    Analysis by Geography
16    Funding and Investment Analysis
    16.1    Analysis by Funding Instances
    16.2    Analysis by Type of Funding
    16.3    Analysis by Funding Amount
    16.4    Analysis by Leading Players
    16.5    Analysis by Leading Investors
    16.6    Analysis by Geography
17    Partnership and Collaborations Analysis
    17.1    Analysis by Partnership Instances
    17.2    Analysis by Type of Partnership
    17.3    Analysis by Leading Players
    17.4    Analysis by Geography
18    Supplier Landscape
    18.1    Gainsborough Healthcare Group 
        18.1.1    Financial Analysis
        18.1.2    Product Portfolio
        18.1.3    Demographic Reach and Achievements
        18.1.4    Mergers and Acquisitions
        18.1.5    Certifications
    18.2    ARJO
        18.2.1    Financial Analysis
        18.2.2    Product Portfolio
        18.2.3    Demographic Reach and Achievements
        18.2.4    Mergers and Acquisitions
        18.2.5    Certifications
    18.3    Handicare Group AB 
        18.3.1    Financial Analysis
        18.3.2    Product Portfolio
        18.3.3    Demographic Reach and Achievements
        18.3.4    Mergers and Acquisitions
        18.3.5    Certifications
    18.4    Hill Rom Holding Inc.
        18.4.1    Financial Analysis
        18.4.2    Product Portfolio
        18.4.3    Demographic Reach and Achievements
        18.4.4    Mergers and Acquisitions
        18.4.5    Certifications
    18.5    Invacare Corporation 
        18.5.1    Financial Analysis
        18.5.2    Product Portfolio
        18.5.3    Demographic Reach and Achievements
        18.5.4    Mergers and Acquisitions
        18.5.5    Certifications
    18.6    Joerns Healthcare Inc.
        18.6.1    Financial Analysis
        18.6.2    Product Portfolio
        18.6.3    Demographic Reach and Achievements
        18.6.4    Mergers and Acquisitions
        18.6.5    Certifications
    18.7    Mangar International Inc.
        18.7.1    Financial Analysis
        18.7.2    Product Portfolio
        18.7.3    Demographic Reach and Achievements
        18.7.4    Mergers and Acquisitions
        18.7.5    Certifications
    18.8    Strykar
        18.8.1    Financial Analysis
        18.8.2    Product Portfolio
        18.8.3    Demographic Reach and Achievements
        18.8.4    Mergers and Acquisitions
        18.8.5    Certifications
    18.9    Sunrise Medical LLC 
        18.9.1    Financial Analysis
        18.9.2    Product Portfolio
        18.9.3    Demographic Reach and Achievements
        18.9.4    Mergers and Acquisitions
        18.9.5    Certifications
    18.10    Guldmann Inc.
        18.10.1    Financial Analysis
        18.10.2    Product Portfolio
        18.10.3    Demographic Reach and Achievements
        18.10.4    Mergers and Acquisitions
        18.10.5    Certifications
19    Patient Lifting Equipment - Distribution Model (Additional Insight)
    19.1    Overview 
    19.2    Potential Distributors 
    19.3    Key Parameters for Distribution Partner Assessment 
20    Key Opinion Leaders (KOL) Insights (Additional Insight)
21    Company Competitiveness Analysis (Additional Insight)

    21.1    Very Small Companies
    21.2    Small Companies
    21.3    Mid-Sized Companies
    21.4    Large Companies
    21.5    Very Large Companies
22    Payment Methods (Additional Insight)
    22.1    Government Funded
    22.2    Private Insurance
    22.3    Out-of-Pocket

 

*Additional insights provided are customisable as per client requirements.

Key Questions Answered in the Report

The global patient lifting equipment market reached a value of USD 4.74 billion in 2023.

The market is projected to grow at a CAGR of 12.8% during the forecast period of 2024-2032 to reach a value of USD 14.01 billion by 2032.

The major drivers of the industry, such as the increased demand for efficient patient lifting solutions, rising incidences of chronic illnesses, heightened investments in the healthcare sector, and growing demand for home healthcare facilities, are expected to aid the market growth.

The key market trends guiding the growth of the industry include the growing geriatric population and the rising incidences of mobility disorders.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The significant products include ceiling lifts, stair and wheelchair lifts, mobile lifts, sit-to-stand lifts, bath and pool lifts, lifting slings, and accessories.

The significant end users include hospitals, homecare, elderly care facilities, and others.

The major players in the industry are Stryker Corporation, Handicare Group AB, Arjo AB, Hill-Rom Services, Inc., Invacare Corporation, Sunrise Medical Limited, and others.

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