Patient Lifting Equipment Trends and Forecast
The future of the global patient lifting equipment market looks promising with opportunities in the hospital, home care, and elderly care facility markets. The global patient lifting equipment market is expected to reach an estimated $10.81 billion by 2030 with a CAGR of 12.3% from 2024 to 2030. The major drivers for this market are increasing number of elderly and overweight individuals and rising implementation of regulations ensuring the safety of healthcare personnel against manual lifting.A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Patient Lifting Equipment by Segment
The study includes a forecast for the global patient lifting equipment by product, end use, and region.Patient Lifting Equipment Market by Product [Shipment Analysis by Value from 2018 to 2030]:
- Ceiling/Overhead Lift
- Stair Lift
- Mobile/Floor Lift
- Sit To Stand Lift
- Bath & Pool Lift
- Lifting Slings
- Lifting Accessories
Patient Lifting Equipment Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
- Hospital
- Home Care
- Elderly Care Facility
Patient Lifting Equipment Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Patient Lifting Equipment Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies patient lifting equipment companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the patient lifting equipment companies profiled in this report include-- Baxter International
- Gainsborough Specialist Bathrooms
- Getinge
- Guldmann
- Invacare Corporation
- Joerns Healthcare
- Savaria Corporation
Patient Lifting Equipment Market Insights
The publisher forecasts that mobile is expected to witness highest growth over the forecast period because it is a cost-effective solution, which ensures effortless transfer of heavy patients from one place to another without any requirement for professional uninstallation and reinstallation.Within this market, home care is expected to witness highest growth due to rising focus on reducing healthcare cost and increasing government expenditure to promote healthcare expenditure.
North America is expected to witness highest growth over the forecast period due to significantly growing healthcare industry and increasing geriatric & bariatric population in the US.
Features of the Global Patient Lifting Equipment Market
- Market Size Estimates: Patient lifting equipment market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Patient lifting equipment market size by product, end use, and region in terms of value ($B).
- Regional Analysis: Patient lifting equipment market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different products, end uses, and regions for the patient lifting equipment market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the patient lifting equipment market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the patient lifting equipment market size?Answer: The global patient lifting equipment market is expected to reach an estimated $10.81 billion by 2030.
Q.2 What is the growth forecast for patient lifting equipment market?
Answer: The global patient lifting equipment market is expected to grow with a CAGR of 12.3% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the patient lifting equipment market?
Answer: The major drivers for this market are increasing number of elderly and overweight individuals and rising implementation of regulations ensuring the safety of healthcare personnel against manual lifting.
Q4. What are the major segments for patient lifting equipment market?
Answer: The future of the patient lifting equipment market looks promising with opportunities in the hospital, home care, and elderly care facility markets.
Q5. Who are the key patient lifting equipment market companies?
Answer: Some of the key patient lifting equipment companies are as follows:
- Baxter International
- Gainsborough Specialist Bathrooms
- Getinge
- Guldmann
- Invacare Corporation
- Joerns Healthcare
- Savaria Corporation
Answer: The publisher forecasts that mobile is expected to witness highest growth over the forecast period because it is a cost-effective solution, which ensures effortless transfer of heavy patients from one place to another without any requirement for professional uninstallation and reinstallation.
Q7. In patient lifting equipment market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to significantly growing healthcare industry and increasing geriatric & bariatric population in the US.
Q.8 Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the patient lifting equipment market by product (ceiling/overhead lift, stair lift, mobile/floor lift, sit to stand lift, bath & pool lift, lifting slings, and lifting accessories), end use (hospital, home care, and elderly care facility), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Patient Lifting Equipment Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- Baxter International
- Gainsborough Specialist Bathrooms
- Getinge
- Guldmann
- Invacare Corporation
- Joerns Healthcare
- Savaria Corporation
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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