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Allied Market Research

Patient Lifting Equipment Market: Global Opportunity Analysis and Industry Forecast 2020–2027

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Aug 2021 | 194 Views
   
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Patient lifts are used to transfer and lift the patients from someplace to another like from bath to bed, stretchers to chairs, and vice versa. Having said that, stairway chair lifts and elevators are not included in the patients lift equipments. Patient lift equipments are either controlled manually or by the power source. The patient lifting equipments which runs on power usually need to be charged as it contains a battery and the hydraulics is used while controlling manual lifts. Although, the basic design of the lift changes as per the manufacturers’ perspective some basic components like the mast, a spreader bar, a boom, several clips, and a sling.

Patient Lifting Equipment Market

The benefit of patient lifting is avoiding the risk of injury during the patient's transfer. Nonetheless, inappropriately utilizing patient lifts poses a very high risk on public health. Any accidents on these equipments can lead to fractures, head traumas, and even death.

Market scope and structure analysis:

Report Metric

Details

Market size available for years

  2019–2027

Base year considered

  2019

Forecast period

  2020–2027

Forecast units

  Value (USD)

Segments covered

  Product, Type of Care, End Users, and Region

Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa.

Companies covered

Major players analyzed include Stryker Corporation, Hill-Rom Holdings Inc., Invacare Corporation, Prism Medical, Guldmann Inc., Getinge Group, Linet Spol. S.R.O., Stiegelmeyer & Co. GmBH, and Joerns Healthcare.

 

COVID-19 scenario analysis:

To take care of the infected population the demand for medical supplies is increasing. Respiratory support devices such as atomizer, life-support machine, oxygen generator, and monitor are among the majorly used medical devices in primary clinical treatment. Moreover, COVID-19 has led to a huge surge in demand for medical supplies such as personal protective equipment including masks, gloves, and protective eyeglasses. With a rise in the number of COVID-19 cases worldwide, the need for medical supplies keeps on rising among, both from healthcare professionals and civil populations for precautionary measures. Manufacturers of these products have a chance to capitalize on this increased demand for medical supplies to ensure adequate and continuous supply of personal protective equipment in the market.

Owing to such factors, COVID 19 is expected to have a significant impact on the Patient Lifting Equipment market.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis:

Improvement in the patient care quality and maintenance of patients can be done by the use of patient handling equipments. It also helps in the improvement of work efficiency for the caretakers and also avoids patient injuries and the equipments are and is cost-efficient rather than being reconstructing. An increase in the elderly population, initiatives from the government, a significant rise in diseases, and accidents are the main factors propelling the growth of the patient lifting equipment market.

Additionally, the frequency of disabilities is increasing and the rising geriatric population is also helping to boost the patient lifting equipment market.

The elderly population is contributing the highest percentage for the admissions and re-admissions process in the hospitals. As mobility is one of the biggest issues in old age the patient lifting equipments come in handy. Therefore, the elderly population and chronic diseases risking are affecting the patient lifting equipment market positively.

The government is also implementing some guidelines and regulations that are helping in the improvements of the quality of the lifting equipments and also in minimizing the risk of injuries and their effects.
On the other hand, lack of trained and unprofessional caretakers and the health issues faced by them like sprains, musculoskeletal disorders, and spinal injuries are the major challenges faced by the patient lifting equipment market.

New product launches and acquisitions to flourish the market:

On October 23rd, 2018, Etac introduced two new products, Molift Raiser pro which was available in both sitting and standing segments.

Surge in usage in government and military applications:

Hospitals, elderly care facilities, home care settings, emergency medical services, trauma centers, nursing homes, and long-term acute care centers are the major consumers of the patient lifting equipment market. Hospitals are the largest end-users amongst them.

Key segments covered:

Segments

Sub-segments

  Product

  • Wheelchair
  • Scooter
  • Beds
  • Bathroom Safety
  • Mechanical
  • Ambulatory

  Type of Care

  • Bariatric
  • Fall
  • Critical
  • Wound
  • Accessory
  • Lifting
  • Transfer

  End Users

  • Homecare
  • Hospitals
  • Elderly Care Homes
  • Others

Regions

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • The Middle East and Africa

 

Key benefits of the report:

  • This study presents the analytical depiction of the global Patient Lifting Equipment industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global Patient Lifting Equipment market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global Patient Lifting Equipment market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the Patient Lifting Equipment Market research report:

  • What are the leading market players active in the Patient Lifting Equipment market?
  • What the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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