Patient Lifting Equipment Market Size, Share, And Growth Report 2032

Patient Lifting Equipment Market: Size

The global Patient Lifting Equipment Market size was worth around USD 5.46 billion in 2023 and is predicted to grow to around USD 9.62 billion by 2032 with a compound annual growth rate (CAGR) of roughly 6.5% between 2024 and 2032.

The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD billion). The report covers a forecast and an analysis of the Patient Lifting Equipment Market on a global and regional level.

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Patient Lifting Equipment Market: Overview

In-depth secondary research is used to ascertain overall market size, top industry players, top product, industry associations, etc. Macro-economic indicators such as healthcare industry outlook, healthcare spending, research funding, GDP along with company websites, company annual reports, white papers, financial reports and other saws have also been considered to arrive at the indicated market numbers.

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

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Patient Lifting Equipment Market: Segmentation

The study provides a decisive view on the patient lifting equipment market by segmenting the market based on product, end user, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

On the basis of product the market for patient lifting equipment is segmented into mobile lifts, ceiling lifts, lifting slings, sit-to-stand lifts, star & wheelchair lifts, bath & pool lifts, and lifting accessories. Mobile lift segment held major share of the market in 2023 since mobile lifts are cost-effective and sling-based which can effortlessly transfer heavy patients from one place to another without any need for reinstallation or professional uninstallation. These are adopted, especially in the elderly care facilities and home care settings.

By end user the market is bifurcated into hospitals, elderly care facilities, home care settings, and other end users like emergency medical services, long term acute care centers, trauma centers, & nursing homes. The home healthcare setting is likely to grow at high CAGR in the forecast period since there has been growing focus and government initiatives on reducing the overall healthcare cost by promoting home healthcare setting.

Patient Lifting Equipment Market: Report Scope

Patient Lifting Equipment Market: Regional Analysis

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. North America and Europe held major share of the market in 2023 and Asia Pacific is likely to grow at high CAGR in the forecast period due to growing patient population in elderly care facilities and nursing homes in these two regions.

The study also includes drivers and restraints for the patient lifting equipment along with the impact they have on the demand over the forecast period. Besides, the report includes the study of opportunities and trends available in the patient lifting equipment market on global level. Rising prevalence of chronic disease, growing geriatric population base, risk of injuries to caregivers during manual handling of patients and implementation of new regulatory standards for which ensure the safety of healthcare providers during manual lifting are some of the factors boosting the market growth for patient lifting equipments globally.

Patient Lifting Equipment Market: Competitive Players

The report also provides company market share analysis in order to give a broader view of the key players in the market. Industry insights and information is delivered in the required format. ZMR develops a list of industry players (manufacturers), distributors, retailers and industry experts. Some of the players in the market for patient lifting equipment include:

• Joerns Healthcare
• Guldmann
• Arjo
• Drive Devilbiss Healthcare
• DJO Global
• Prism Medical UK
• Medline Industries
• GF Health Products
• Invacare
• Hill-Rom Holdings, Inc.

The Global Patient Lifting Equipment Market is segmented 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