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Global Patient Lifting Equipment Market: By Product Type: Stand Up & Raising Lifts/Aid, Overhead/Ceiling Lifts, Gantry Lifts, Powered Sit-To-Stand Lifts, Bath Patient Lifters, Others; By End Use; Regional Analysis; Historical Market and Forecast (2016-2026); SWOT Analysis; Competitive Landscape; Industry Events and Developments
Global Patient Lifting Equipment Market Outlook
The global patient lifting equipment market is expected to expand from USD 3.2 billion in 2020 to USD 6.3 billion by 2026, growing at a CAGR of 12.9% over the forecast period of 2021-2026.
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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.
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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:
- Homecare
- Hospitals
- Elderly Care Homes
- Others
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.
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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:
- Getinge Group
- Handicare Group Ab
- Hill Rom Holding Inc
- Invacare Corporation
- Mangar International, Inc.
- Joerns Healthcare, Inc.
- Others
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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2016-2020 |
| Forecast Period | 2021-2026 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product Type, End Use, Region |
| Breakup by Product Type | Stand Up & Raising Lifts/Aid, Overhead/Ceiling Lifts, Floor-Based Lifts, Gantry Lifts, Powered Sit-To-Stand Lifts, Bath Patient Lifters, Others |
| Breakup by End Use | Homecare, Hospitals, Elderly Care Homes, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Getinge Group, Handicare Group Ab, Hill Rom Holding Inc, Invacare Corporation, Mangar International, Inc., Joerns Healthcare, Inc., 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. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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 (2016-2020) & Forecast (2021-2026)
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 (2016-2020) & Forecast (2021-2026)
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 (2016-2020) & Forecast (2021-2026)
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 (2016-2020) & Forecast (2021-2026)
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 Industry Events and Developments
Key Questions Answered in the Report
In 2020, the global patient lifting equipment market attained a value of nearly USD 3.2 billion.
The market is projected to grow at a CAGR of 12.9% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach USD 6.3 billion.
The major drivers of the market include the rising geriatric and bariatric populations, and the increased implementation of regulations ensuring the safety of healthcare personnel against manual lifting.
Increased implementation of regulations ensuring the safety of healthcare personnel against manual lifting is the key industry trends propelling the growth of the market.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
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 are the major product type of lifting equipment.
Homecare, hospitals, and elderly care homes, among others are the leading end-use sectors of patient lifting equipment market.
The major players in the industry are Getinge Group, Handicare Group Ab, Hill Rom Holding Inc, Invacare Corporation, Mangar International, Inc. and Joerns Healthcare, Inc., among others.
Analyst Review
The global patient lifting equipment market attained a value of USD 3.2 billion in 2020, driven by the rising geriatric and bariatric populations. Aided by the increased implementation of regulations ensuring the safety of healthcare personnel against manual lifting, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 12.9%. The market is projected to reach USD 6.3 billion by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its product types, the patient lifting equipment industry can be segmented 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. Homecare, hospitals, and elderly care homes, among others are the leading end-use sectors of patient lifting equipment market. 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 Getinge Group, Handicare Group Ab, Hill Rom Holding Inc, Invacare Corporation, Mangar International, Inc. and Joerns Healthcare, Inc., among 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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