Patient Mechanical Lift Handling Equipment Market Outlook to 2027 - Joerns Healthcare, Stryker, Invacare, Handicare Group, Hill-Rom Holding, Gainsborough Specialist Bathing, Getinge, Mangar, V. Guldman, Sunrise Medical

The global patient mechanical lift handling equipment market is expected to reach US$ 2,715.37 Mn in 2027 from US$ 1,197.58 Mn in 2018. The Patient Mechanical Lift Handling Equipment market is estimated to grow with a CAGR of 9.6% from 2019-2027.

The major primary and secondary sources included in the report for the patient mechanical lift handling equipment market are United Nations Population Fund, World Health Organization, Sistema Único de Saúde, National Patient Safety Implementation Framework, Aliança Brasileira da Indústria Inovadora em Saúde, American Nurses Association, National Institute for Statistics, Business Monitor International, China National Committee on Aging and others.

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The market is driven by the factors such as, rapidly growing geriatric population, increasing musculoskeletal disorders and growing cases for the disability. However, high prices of patient mechanical lift handling equipment is expected to act as major restraining factor for the growth of the market. The development in the technology is expected to continue as a future trend for the market. In addition, developing nations owe great growth opportunities for the market during the forecast period. Thus, it is expected that the above mentioned factors are likely to influence the growth of patient mechanical lift handling equipment market during the forecast period.

The companies are involved in various growth strategies that are enabling the growth of the market as well as for the company. For instance, in January 2019, Guldmann Inc. has launched digital medical scaling device and is integrated with the the GH3+ lifting module. The integrated class III scale is used for the medical weighing of patients during lift using a sling.

The cases of disabilities are growing across the world. According to the World Bank Group statistics, (2019), one billion people or approximately 15% of the total world population experience some kind of disability. The prevalence of the disability is higher among the people living in the developing countries. The data also shared that approximately 110 million and 190 million people experience some significant disabilities.

Global patient mechanical lift handling equipment market was segmented by product and end user. The product segment was segmented into standup and raising lifts/aid, overhead/ceiling lifts, floor-based lifts, gantry lifts, powered sit-to-stand lifts, bath patient lifters and others. Likewise, the end user segment is classified as homecare, hospitals, elderly care homes and others.

The patient mechanical lift handling equipment market is expected to grow significantly due to factors such as rapidly growing geriatric population, increasing musculoskeletal disorders and growing cases for the disability. However, high prices of patient mechanical lift handling equipment is expected to act as major restraining factor for the growth of the market. In addition, developing nations owes great growth opportunities for the market during the forecast period. Also the future trend such as development in the technology is expected to continue to influence the growth of the market.

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In addition, according to the Centers for Disease Control and Prevention, in the US one in four adults live with a disability. There are some cases with the congenital disability which is most common in the younger population and there some more common mobility disorders among the people. The age related disability is more common, it affects two in five people of 65 years and above.

Across the world various programs are initiated to support the disabled people and these initiatives have increased the demand for the patient mechanical lift handling equipment. Therefore, owing to the above mentioned factors the market is likely to propel during the forecast period.

Global patient mechanical lift handling equipment market was segmented by product and end user. The product segment was segmented into standup and raising lifts/aid, overhead/ceiling lifts, floor-based lifts, gantry lifts, powered sit-to-stand lifts, bath patient lifters and others. Likewise, the end user segment is classified as homecare, hospitals, elderly care homes and others.

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This release was published on openPR.