Patient Mechanical Lift Handling Equipment Market Overview:
Patient mechanical lift handling equipment market was valued at 861 million in 2015, and is estimated to reach $1,629 million by 2022, growing at a CAGR of 9.4% during the forecast period 2014-2022. According to a report by the Bureau of Labor Statistics, in 2014, it was observed that the overexertion injury rates of nursing home workers, hospital workers, and ambulance workers were found to be three times, two times, and almost five times, respectively, that of the average rate of the total overexertion injuries across all industries. Thus, patient mechanical lifts can help to reduce the overexertion injury rates.
The patient mechanical lift handling equipment market is growing at a moderate pace due to the rise in geriatric and bariatric population, increase in adoption of mechanical lift handling equipment devices, upsurge in the number of accidents and disabilities, and high incidence of musculoskeletal injuries among caregivers. Key players focus on new product development to meet the specific requirements of the end users.
The report analyzes the patient mechanical lift handling equipment market into three segments, namely, product type, end user, and geography. On the basis of product type, the market is categorized into seven segments: stand up & raising lifts/aids, overhead/ceiling lifts, floor-based lifts, gantry lifts, powered sit-to-stand lifts, bath patient lifters, and others. Based on end user, it is classified into homecare, hospitals, elderly care homes, and others. Based on geography, the market is categorized into North America, Europe, Asia-Pacific, and LAMEA.
Patient Mechanical Lift Handling Equipment Market, By Geography
Asia-Pacific possesses high market potential for growth of patient mechanical lift handling equipment market, owing to rise in geriatric and bariatric population and increase in the purchasing power of populous countries such as China and Japan. High utilization rate of these devices has led to rapid developments in this market. Improvement in healthcare infrastructure by various government initiatives, owing to the rise in incidence of musculoskeletal injuries, is expected to positively impact the market growth.
Turkey Patient Mechanical Lift Handling Equipment Market, 2014-2022 ($Million)
The Turkey patient mechanical lift handling equipment market is projected to grow at a CAGR of 10.1% during the forecast period. Increase in focus of key players on emerging markets (such as Asia-Pacific and LAMEA) is set to contribute towards market growth.
The key players profiled in this report are Stryker Corporation, Hill-Rom Holdings Inc., Invacare Corporation, Guldmann Inc., Getinge Group, Handicare Group AB, Gainsborough Specialist Bathing, Mangar International, Inc., Prism Medical, and Joerns Healthcare, Inc. Other players in the value chain include Stiegelmeyer, Inc., Benmor Medical Ltd., Sidhil Ltd., and Etac Ltd.
Patient Mechanical Lift Handling Equipment Market Key Benefits:
This report provides a detailed quantitative analysis of the current trends from 2014 to 2022 to identify the prevailing market opportunities.
- Market estimations are based on comprehensive analysis of the key developments in the industry.
- Competitive intelligence (of leading manufacturers and distributors) helps in understanding the competitive scenario across the geographies.
- In-depth analysis of the market based on geography helps in understanding the regional market to assist in strategic business planning.
- The developmental strategies adopted by key manufacturers are enlisted to understand the competitive scenario of the market.
- Key companies offering patient mechanical lift equipment are profiled in detail.
Patient Mechanical Lift Handling Equipment Market Key Segments:
By Product Type
- Stand Up & Raising Lifts/Aids
- Overhead/Ceiling Lifts
- Floor-Based Lifts
- Gantry Lifts
- Powered Sit-to-Stand Lifts
- Bath Patient Lifters
By End User
- Elderly Care homes
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Saudi Arabia
- Republic of South Africa
- Rest of LAMEA