Patient Mechanical Lift Handling Equipment Market Rapidly Growing Geriatric Population

Asia Pacific is the fastest growing geographic market and it is expected to be the fastest revenue contributor throughout the forecast period. Asia Pacific is recognized as a developing market for the medical devices. The market is expected to grow due to the introduction and implementation of the various policies for the safe patient handling. The growth of the market is also driven by the factors such as increasing cases of the musculoskeletal injuries among the nurses and working class and significantly rising ageing population across the region.

The global patient mechanical lift handling equipment market accounted to US$ 1,197.58 Mn in 2018 and is expected to grow at a CAGR of 9.6% during the forecast period 2019 - 2027, to account to US$ 2,715.37 Mn by 2027.

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The major players operating in the patient mechanical lift handling equipment market include, Gainsborough Specialist Bathing, Getinge Group, Handicare Group AB, Hill-Rom Holding Inc, Invacare Corporation, Joerns Healthcare, Inc., Mangar International, Inc, Stryker Corporation, Sunrise Medical LLC, and V.Guldman A/S (Guldmannn Inc.). 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.

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 growth in the geriatric population been experienced by almost every country across the world. The rapidly growing geriatric population is the major factor for the growth of the patient mechanical lift handling market. The development in the healthcare systems has increased the life expectancy among the people which has increased the health of the population. Thus, the increased in the better of health has led to the growth of geriatric population. The factor that has increased the older population is the reduction in the birth rates. During the growing ages the process of degeneration is initiated and the geriatric population is unable to move. The geriatric population start losing strength and therefore they require assistance during the movement. The geriatric population require assistance for their routine activities. According to the World Population Prospects, in 2017 the number of the people of 60 years and above is expected rise twice by 2050, it is also expected that it will grow rapidly in the coming years. Additionally, it was expected to reach nearly 2.1 billion by 2050 from approximately 962 million in 2017 across the world. The ageing population is growing at much faster pace than the younger population.

The musculoskeletal disorder is widely observed in the healthcare professionals, farmers, laborers as these professionals are involved in the regular task of heavy lifting. The nurses are more prone to the musculoskeletal disorders such as trauma, severe low back pain, shoulder pain, lower limb pain and others. Similarly, among the farmers they experience lower back pain as they continue to bend for long hours while working in the frames. For instance, according to the United States Department of Labor, in 2017, the musculoskeletal disorders were seen in second higher number. It was stated that there were nearly 18,090 cases of the musculoskeletal disorders. The incident rate for the musculoskeletal disorders was approximately 166.3 per 10,000 workers in 2017. The incidence rate is accounted five times more than all the industries work related injuries.

The market for patient mechanical lift handling equipment 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.

The report segments the global patient mechanical lift handling equipment market as follows:

Global Patient Mechanical Lift Handling Equipment Market – By Product
Standup and Raising Lifts/Aid
Overhead/Ceiling Lifts
Floor-Based Lifts
Gantry Lifts
Powered Sit-To-Stand Lifts
Bath Patient Lifters
Others

Global Patient Mechanical Lift Handling Equipment Market – By End User
Homecare
Hospitals
Elderly Care Homes
Others

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