Patient Lifting Equipment Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.56 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Patient Lifting Equipment Market Analysis
The Patient Lifting Equipment market is expected to register a CAGR of 6.56% over the forecast period.
The COVID-19 pandemic initially had a substantial impact on the patient lifting equipment market. The strict lockdowns and government regulations intended to slow down the spread of COVID-19 resulted in a decrease in patient admissions in hospitals. For instance, according to an article published by BMC in November 2021, a study conducted in the United Arab Emirates showed that the incidence of hospitalized road traffic collisions (RTC) trauma patients significantly reduced by 33.5% during the pandemic compared with the pre-pandemic period. This reduced the usage of patient lifting equipment. Thus, the COVID-19 outbreak affected the market's growth significantly in its preliminary phase; however, the market gained traction in the post-pandemic period, the supply chain of devices being back to normal, and it is expected to have stable growth during the forecast period.
Furthermore, the rising geriatric population, the high risk of injuries to caregivers during the manual handling of patients, and the implementation of regulations ensuring the safety of healthcare personnel are among the major factors driving the growth of the market studied. For instance, according to the data published by British Heart Foundation in December 2021, the best post-intervention outcomes of assistive devices deployment in the healthcare setting included a reduction in work-related musculoskeletal disorders (WMSD) incidence by 59.8%, missed workdays by 90.0% and workers' compensation claims by 95.0%. Additionally, hand force declined by 71% and 70% with air-assisted devices and ceiling lifts, respectively. Overall, the evidence suggests that patient transfer assistive devices, notably ceiling lifts and air-assisted devices, effectively reduce the risk of WMSDs among nurses. Hence, the advantages of patient lifting equipment are the factors driving the growth of the market.
In addition, new product launches and strategic activities by major players in the market are positively affecting the market's growth. For example, in July 2021, AmeriGlide, a leading stair lift manufacturer, launched the AmeriGlide UP Stair Lift. The new stair lift is equipped with innovative features to provide utmost safety for the patients while using it. Thus, owing to such product launches and partnerships, the market studied is expected to grow significantly over the forecast period.
Therefore, owing to the aforementioned factors, such as the advantages offered by the patient lifting equipment and the new product launches and strategic activities by major players, the market studied is anticipated to witness growth over the analysis period. However, the lack of training provided to caregivers is likely to impede the market's growth.
Patient Lifting Equipment Market Trends
This section covers the major market trends shaping the Patient Lifting Equipment Market according to our research experts:
Mobile Lifts are Expected to Hold A Significant Market Share Over the Forecast Period
Mobile lifts are patient lifts that can roll on the floor and eases movement between different locations, rooms, and users. Mobile lifts are very flexible and versatile as they offer a great alternative solution for temporary lifting needs when the exact location of lifting needs is not known beforehand or where it is just impossible to install a ceiling lift system. Moreover, lifting a patient manually can also cause physical strain to the caregiver, who can injure themselves as they try to carry patients. The situation may become even more complicated if the person cannot move or stand up on their own. Thus, mobile lifts are essential to homes and healthcare facilities. Owing to this ease of mobility and safety for caregivers, the demand for mobile lifts is expected to increase in the future.
The rising geriatric population is a major factor driving the market's growth because mobile lifts are mainly used for older patients. For instance, according to the data published by United Nations in 2022, the share of the global population aged 65 years or above is projected to rise from 10% in 2022 to 16% in 2050. It is also estimated that by 2050, the number of people aged 65 years or above worldwide will be more than twice the number of children under 5 years and about the same as that of children under 12 years.
Therefore, the mobile lifts segment is expected to witness significant growth over the forecast period due to the abovementioned factors.
North America Holds A Significant Share in the Studied Market
North America is expected to hold a significant share of the market owing to the easy availability of technologically advanced products and high awareness among consumers about patient lifting equipment.
The increasing risk of injuries of caregivers while manual patient handling is a significant factor driving the segment's growth. For instance, according to Pivotal Health Solutions in June 2021, manual patient handling put nursing staff at risk of developing musculoskeletal injuries. Prolonged static holds and counter-pressure tasks were considered high risk for potential injury. At the same time, manual patient handling was thought to cause caregiver injury even when patients were being handled manually in routine situations.
Furthermore, key developments by companies and product launches, the high concentration of market players, and the presence of manufacturers in the United States and Canada are some of the factors driving the growth of the market studied in the region. For instance, in January 2021, Handicare, a global leader in mobility and accessibility solutions, launched the AP-Series Portable Ceiling Lifts in North America, representing the next generation in portable ceiling lift technology. The AP-Series offer industry-first features benefitting people with disabilities and their caregivers, making their home more accessible while creating a safer care environment. These key developments in the region are anticipated to drive the market's growth in the country.
Therefore, owing to the aforesaid factors, the growth of the studied market is anticipated in the North American region.
Patient Lifting Equipment Industry Overview
The patient lifting equipment market is moderately fragmented due to the presence of several companies operating globally and regionally. The competitive landscape includes an analysis of a few international and local companies with significant market shares that are well known. It includes Benmor Medical Ltd, Enovis (DJO Global), GF Health Products, Handicare, Inc., Hill-Rom Holdings, Inc., Invacare, Joerns Healthcare LLC, Prism Medical, Stiegelmeyer, Inc., and V.Guldmann A/S among others.
Patient Lifting Equipment Market Leaders
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Benmor Medical Ltd.
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GF Health Products
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Handicare
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Enovis (DJO Global)
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Invacare
*Disclaimer: Major Players sorted in no particular order
Patient Lifting Equipment Market News
- May 2022- Invacare Corporation introduced its Birdie Evo XPLUS, an innovative patient lift solution for post-acute care in the United States. With its sleek and modern design, the Birdie Evo XPLUS provides innovative technology that helps maximize comfort and security when lifting or transferring a patient to or from a bed, chair, or floor.
- November 2021- Benmor Medical, a leading patient lifting equipment provider, received ISO 14001 rating. ISO 14001 is an internationally recognized standard that sets the requirements for an environmental management system. The system allows us to identify, manage, and control environmental issues.
Patient Lifting Equipment Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Geriatric Population
4.2.2 High Risk of Injuries to Caregivers during the Manual Handling of Patients
4.2.3 Implementation of Regulations Ensuring the Safety of Healthcare Personnels
4.3 Market Restraints
4.3.1 Lack of Training Provided to Caregivers
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value in USD million)
5.1 By Product
5.1.1 Ceiling Lifts
5.1.2 Stair & Wheelchair Lifts
5.1.3 Mobile Lifts
5.1.4 Sit-To-Stand Lifts
5.1.5 Bath & Pool Lifts
5.1.6 Lifting Slings
5.1.7 Accessories
5.2 By End-User
5.2.1 Hospitals
5.2.2 Homecare Setting
5.2.3 Other End-Users
5.3 By Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Italy
5.3.2.5 Spain
5.3.2.6 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 South Korea
5.3.3.6 Rest of Asia-Pacific
5.3.4 Middle East and Africa
5.3.4.1 GCC
5.3.4.2 South Africa
5.3.4.3 Rest of Middle East and Africa
5.3.5 South America
5.3.5.1 Brazil
5.3.5.2 Argentina
5.3.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Benmor Medical Ltd
6.1.2 Enovis (DJO Global)
6.1.3 GF Health Products
6.1.4 Handicare, Inc.
6.1.5 Hill-Rom Holdings, Inc.
6.1.6 Invacare
6.1.7 Joerns Healthcare LLC
6.1.8 Prism Medical
6.1.9 Stiegelmeyer, Inc.
6.1.10 V.Guldmann A/S
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Patient Lifting Equipment Industry Segmentation
Patient lifting equipment is an assistive device that allows patients in hospitals and nursing homes and people receiving health care at home to be transferred between bed and chair or other similar resting places.
The Patient Lifting Equipment Market is Segmented by Product (Ceiling Lifts, Stair & Wheelchair Lifts, Mobile Lifts, Sit-To-Stand Lifts, Bath & Pool Lifts, Lifting Slings, and Accessories), End-User (Hospitals, Homecare Setting, and Other End-Users), and Geography (North America (United States, Canada, and Mexico), Europe ) Germany, United Kingdom, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia-Pacific), Middle East and Africa (GCC, South Africa, and the Rest of Middle East and Africa), and South America Brazil, Argentina, and Rest of South America)). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments. The market report also covers the estimated market sizes and trends for 17 countries across major global regions. The report offers the value (in USD million) for the above segments.
| By Product | |
| Ceiling Lifts | |
| Stair & Wheelchair Lifts | |
| Mobile Lifts | |
| Sit-To-Stand Lifts | |
| Bath & Pool Lifts | |
| Lifting Slings | |
| Accessories |
| By End-User | |
| Hospitals | |
| Homecare Setting | |
| Other End-Users |
| By Geography | ||||||||
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Patient Lifting Equipment Market Research FAQs
What is the current Patient Lifting Equipment Market size?
The Patient Lifting Equipment Market is projected to register a CAGR of 6.56% during the forecast period (2024-2029)
Who are the key players in Patient Lifting Equipment Market?
Benmor Medical Ltd., GF Health Products, Handicare, Enovis (DJO Global) and Invacare are the major companies operating in the Patient Lifting Equipment Market.
Which is the fastest growing region in Patient Lifting Equipment Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Patient Lifting Equipment Market?
In 2024, the North America accounts for the largest market share in Patient Lifting Equipment Market.
What years does this Patient Lifting Equipment Market cover?
The report covers the Patient Lifting Equipment Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Patient Lifting Equipment Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Patient Lifting Equipment Industry Report
Statistics for the 2024 Patient Lifting Equipment market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Patient Lifting Equipment analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Patient Lifting Equipment Report Snapshots
