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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; 2023-2031
Global Patient Lifting Equipment Market Outlook
The global patient lifting equipment market size was valued at USD 4.2 billion in 2022, 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 2023-2031 to reach a value of USD 12.5 billion by 2031.
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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.
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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.
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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 | 2022 |
| Historical Period | 2016-2022 |
| Forecast Period | 2023-2031 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
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| Breakup by End User |
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| Breakup by Region |
|
| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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| 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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 (2016-2022)
3.2 Patient Lifting Equipment Market Forecast Value (2023-2031)
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 4.2 billion in 2022.
The market is projected to grow at a CAGR of 12.8% during the forecast period of 2023-2031 to reach a value of USD 12.5 billion by 2031.
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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