Global Patient Lifting Equipment Market Set for Rapid Growth, to reach Value around USD 5,984.1 Million by 2025

09-Jan-2020 | Zion Market Research

Zion Market Research has published a new report titled “Patient Lifting Equipment Market by Product (Ceiling Lifts, Star & Wheelchair Lifts, Mobile Lifts, Sit-to-Stand Lifts, Bath & Pool Lifts, Lifting Slings, and Lifting Accessories), and by End User (Hospitals, Home Care Settings, Elderly Care facilities, and Other End Users): Global Industry Perspective, Comprehensive Analysis and Forecast, 2019 - 2025”. According to the report, global demand for patient lifting equipment market was valued at approximately USD 2,559.4 million in 2018, and is expected to generate revenue of USD 5,984.1 million by end of 2025, growing at a CAGR of 12.9% between 2019 and 2025.

Global Patient Lifting Equipment Market Size

Browse the full “Patient Lifting Equipment Market: by Product (Ceiling Lifts, Star & Wheelchair Lifts, Mobile Lifts, Sit-to-Stand Lifts, Bath & Pool Lifts, Lifting Slings, and Lifting Accessories), and by End User (Hospitals, Home Care Settings, Elderly Care facilities, and Other End Users): Global Industry Perspective, Comprehensive Analysis and Forecast, 2019 - 2025” Report at https://www.zionmarketresearch.com/report/patient-lifting-equipment-market

Patient lifting equipments are designed for safety and comfort of the patients and caregivers. These assistive devices allow patients in home healthcare, nursing homes, and hospitals to be transferred from one place to another. Many healthcare organizations are now increasing the adoption of patient handling equipments to avoid injuries caused due to manual handing of the patients. 

Rise in geriatric population base, growing prevalence of chronic disease, risk of injuries to caregivers while manual handling of the patients and implementation of regulatory standards that ensure safety of healthcare providers are some of the factors propelling the market growth for patient lifting equipments globally. Moreover, rise in the number of partnerships and collaborations, rapid product launches, and mergers and acquistions among market players are also some of the other factors boosting market growth for these devices.

The patient lifting equipment market is segmented based on end user, product, and regions. On the basis of product the market is segmented into lifting slings, star & wheelchair lifts, ceiling lifts, bath & pool lifts, mobile lifts, sit-to-stand lifts, and lifting accessories. The segment for mobile lifts held major portion of the market as mobile lifts are cost-effective and can effortlessly transfer heavy patients from one place to another without the need for installation or professional reinstallation. These types of lift are usually adopted in home care settings and elderly care facilities.

On the basis of end user the market is bifurcated into elderly care facilities, home care settings, hospitals, and other end users like long term acute care centers, emergency medical services, nursing homes, and trauma centers. The segment for home healthcare settings is likely to showcase high growth rate in the forecast period as there has been growing focus and government initiatives on reducing the overall healthcare cost by promoting home healthcare setting. 

The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa with its further bifurcation into major countries. Asia Pacific is likely to grow at high CAGR in the forecast period and North America held major share of the market in terms of revenue owing to high patient population and more number of nursing homes and elderly care facilities in this region.

Some of the players in the market include Medline Industries, Joerns Healthcare, Guldmann, DJO Global, Invacare, Drive Devilbiss Healthcare, Prism Medical UK, Arjo, GF Health Products, and Hill-Rom Holdings, Inc.

This report segments the global patient lifting equipment market as follows:

Global Patient Lifting Equipment Market: Product Segment Analysis

  • Ceiling Lifts
  • Star & Wheelchair Lifts
  • Mobile Lifts
  • Sit-to-Stand Lifts
  • Bath & Pool Lifts
  • Lifting Slings
  • Lifting Accessories

Global Patient Lifting Equipment Market: End User Segment Analysis

  • Hospitals
  • Home Care Settings
  • Elderly Care facilities
  • Other End Users (Emergency Medical Services, Long Term Acute Care Centers, Trauma Centers, & Nursing Homes)

Global Patient Lifting Equipment Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

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