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Global Patient Lifting Equipment Market: By Product: Ceiling Lifts, Stair and Wheelchair Lifts, Mobile Lifts, Sit-To-Stand Lifts, Bath and Pool Lifts, Lifting Slings, Accessories; By End Use; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments
Global Patient Lifting Equipment Market Outlook
The global patient lifting equipment market stood at a value of around USD 3.76 billion in 2021. The market is further expected to grow at a CAGR of 12.80% in the forecast period of 2022-2027 to attain a value of around USD 7.75 billion by 2027.
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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.
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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.
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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2021 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product, End Use, Region |
| Breakup by Product | Ceiling Lifts, Stair and Wheelchair Lifts, Mobile Lifts, Sit-To-Stand Lifts, Bath and Pool Lifts, Lifting Slings, Accessories |
| Breakup by End Use | Hospitals, Homecare, Elderly Care Facilities, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Stryker Corporation, Handicare Group AB, Arjo AB, Hill-Rom Services, Inc., Invacare Corporation, Sunrise Medical Limited, Others |
| 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
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Patient Lifting Equipment Market Analysis
8.1 Key Industry Highlights
8.2 Global Patient Lifting Equipment Historical Market (2017-2021)
8.3 Global Patient Lifting Equipment Market Forecast (2022-2027)
8.4 Global Patient Lifting Equipment Market by Product
8.4.1 Ceiling Lifts
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Stair and Wheelchair Lifts
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Mobile Lifts
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.4.4 Sit-To-Stand Lifts
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2017-2021)
8.4.4.3 Forecast Trend (2022-2027)
8.4.5 Bath and Pool Lifts
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2017-2021)
8.4.5.3 Forecast Trend (2022-2027)
8.4.6 Lifting Slings
8.4.6.1 Market Share
8.4.6.2 Historical Trend (2017-2021)
8.4.6.3 Forecast Trend (2022-2027)
8.4.7 Accessories
8.4.7.1 Market Share
8.4.7.2 Historical Trend (2017-2021)
8.4.7.3 Forecast Trend (2022-2027)
8.5 Global Patient Lifting Equipment Market by End Use
8.5.1 Hospitals
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Homecare
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 Elderly Care Facilities
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2017-2021)
8.5.3.3 Forecast Trend (2022-2027)
8.5.4 Others
8.6 Global Patient Lifting Equipment Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Stryker Corporation
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Handicare Group AB
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Arjo AB
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Hill-Rom Services, Inc.
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Invacare Corporation
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Sunrise Medical Limited
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Others
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Patient Lifting Equipment Market: Key Industry Highlights, 2017 and 2027
2. Global Patient Lifting Equipment Historical Market: Breakup by Product (USD Billion), 2017-2021
3. Global Patient Lifting Equipment Market Forecast: Breakup by Product (USD Billion), 2022-2027
4. Global Patient Lifting Equipment Historical Market: Breakup by End Use (USD Billion), 2017-2021
5. Global Patient Lifting Equipment Market Forecast: Breakup by End Use (USD Billion), 2022-2027
6. Global Patient Lifting Equipment Historical Market: Breakup by Region (USD Billion), 2017-2021
7. Global Patient Lifting Equipment Market Forecast: Breakup by Region (USD Billion), 2022-2027
8. North America Patient Lifting Equipment Historical Market: Breakup by Country (USD Billion), 2017-2021
9. North America Patient Lifting Equipment Market Forecast: Breakup by Country (USD Billion), 2022-2027
10. Europe Patient Lifting Equipment Historical Market: Breakup by Country (USD Billion), 2017-2021
11. Europe Patient Lifting Equipment Market Forecast: Breakup by Country (USD Billion), 2022-2027
12. Asia Pacific Patient Lifting Equipment Historical Market: Breakup by Country (USD Billion), 2017-2021
13. Asia Pacific Patient Lifting Equipment Market Forecast: Breakup by Country (USD Billion), 2022-2027
14. Latin America Patient Lifting Equipment Historical Market: Breakup by Country (USD Billion), 2017-2021
15. Latin America Patient Lifting Equipment Market Forecast: Breakup by Country (USD Billion), 2022-2027
16. Middle East and Africa Patient Lifting Equipment Historical Market: Breakup by Country (USD Billion), 2017-2021
17. Middle East and Africa Patient Lifting Equipment Market Forecast: Breakup by Country (USD Billion), 2022-2027
18. Global Patient Lifting Equipment Market Structure
Key Questions Answered in the Report
In 2021, the global patient lifting equipment market attained a value of nearly USD 3.76 billion.
The market is projected to grow at a CAGR of 12.80% between 2022 and 2027.
The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach USD 7.75 billion by 2027.
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.
Analyst Review
The global patient lifting equipment market attained a value of USD 3.76 billion in 2021, driven by the increased incidences of mobility disorders and the growing elderly population worldwide. Aided by the heightened investments in the healthcare industry, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 12.80%. The market is projected to reach USD 7.75 billion by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By product, the market can be distributed into ceiling lifts, stair and wheelchair lifts, mobile lifts, sit-to-stand lifts, bath and pool lifts, lifting slings, and accessories. On the basis of end user, the industry can be segmented into hospitals, homecare, elderly care facilities, and others. The major regional markets for patient lifting equipment are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Stryker Corporation, Handicare Group AB, Arjo AB, Hill-Rom Services, Inc., Invacare Corporation, Sunrise Medical Limited, and others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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