Patient Mechanical Lift Handling Equipment Market Getting Too Much Attention By Top Key Players [Stryker Corporation, Hill-Rom Holdings Inc., Invacare Corporation, Guldmann Inc., Getinge Group, Handicare Group AB, Gainsborough Specialist Bathing, Mangar I

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.

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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.

Market Segmentation

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.

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.

Key findings of Patient Mechanical Lift Handling Equipment Market:

- Powered sit-to-stand lifts is estimated to exhibit a CAGR of 10.2% during the forecast period, among product type.

- U.S. was the largest economy market in 2015, and is projected to maintain its lead until 2022.

- Homecare is expected to grow at the highest CAGR.

- In Asia-Pacific, powered sit-to-stand lifts segment is anticipated to be the fastest growing segment throughout the analysis period.

- The China patient mechanical lift handling equipment market is projected to grow at a CAGR of 15.1%.

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The key players profiled in this report include

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.

Table of Content

Chapter: 1 INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY

1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

Chapter: 2 EXECUTIVE SUMMARY

2.1. CXO PERSPECTIVE

Chapter: 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top investment pockets
3.2.2. Top winning strategies

3.3. PORTERS FIVE FORCES ANALYSIS
3.4. GOVERNMENT REGULATIONS AND POLICIES
3.5. MARKET DYNAMICS

3.5.1. Drivers

3.5.1.1. Rise in geriatric and bariatric population
3.5.1.2. High risk of musculoskeletal injuries to caregivers
3.5.1.3. Increase in incidence of disabilities
3.5.1.4. Increase in the number of accidents

3.5.2. Restraints

3.5.2.1. Dearth of trained personnel
3.5.2.2. Budget restrictions
3.5.2.3. Inaccessibility to quality healthcare in developing regions

3.5.3. Opportunities

3.5.3.1. Emergence of technologically advanced products
3.5.3.2. Presence of untapped opportunities in developing and under developing economies

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