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U.S. Patient Lift market by Product Type (sit to stand lifts, Sling lifts, Others), by Mechanism Type (Hydraulic, Manual, Electric) - Forecast to 2025

10-29-2020 08:35 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: i2i Research LLP

U.S. Patient Lift market by Product Type (sit to stand lifts,

The market in U.S. for Patient Lift was valued at USD 71.8 Million in 2018 and is expected to reach USD 147.3 Million by 2025, growing at a CAGR of 10.8% during the forecast period. The growing bariatric and geriatric population across the U.S. had led to increase on critical care spending which will thereby lead to increasing the demand for patient lifts.
Various rules have been introduced by the U.S. government to ensure safe patient handling and protection to healthcare workers. The Medicare Part B (Medical Insurance in the US) covers insurance for patient lifts under durable medical equipment (DME) on the prescription of a doctor which will boost the demand for patient lifts across the country.
Various laws to support safe handling measures for patient and employee health such as in Texas, Senate Bill 1525 Chapter 256 Safe Patient Handling and Movement Practices 2006, HB 67; Ohio, Section 4121.48 BWC Safety Grants 2005; New York, Section 20, Article 29-D of the Public Health Law amended by adding a new Title 1-A, Safe Patient Handling 2014, and others, require hospitals to use patient lifts, thereby increasing their market demand.
Key finding from the report
1. The sling lift segment was dominating the market in 2018 and is expected to grow with the highest CAGR during the forecast period.
2. The current demand for hydraulically operated patient lift in the US is higher as compared to electric patient lifts.

Report Link
For more details on “U.S. Patient Lift” Market Report:
https://i2iresearch.com/report/patient-lift-market-report-u-s-regional-industry-forecast-2019-2026/

What this report Offers

The report titled “U.S Patient Lift Market” offers strategic insights into the patient lift market along with its size and estimates for the duration from 2016 to 2025. The said research study covers in-depth analysis of multiple market segments and cross-sectional study across U.S. In order to help strategic decision makers, the report also includes competitive profiling of the leading U.S Patient Lift providers, market positioning, and key developments. Other in-depth analysis provided in the report includes:
1. Current and future market trends to justify the forthcoming attractive markets within the U.S patient lift market
2. Market drivers, market challenges, and their impact on the market growth
3. Competitive environment analysis
4. Three-Year Historic Data (2016, 2017 and 2018)
Overall, the research study provides a holistic view of the U.S patient lift market, offering market size and
estimates for the period from 2016 to 2025, keeping in mind the above-mentioned factors.
To avail a copy of the sample of the U.S. Patient Lift Market Report:
https://i2iresearch.com/report/patient-lift-market-report-u-s-regional-industry-forecast-2019-2026/

Key Segmentations in this report
1. U.S. Patient Lift Market, by Product Type
‒ Sit to Stand Lift
‒ Sling Lift
‒ Others
2. U.S. Patient Lift Market, by Mechanism Type
‒ Hydraulic
‒ Manual
‒ Electric
For a detailed table of content of the U.S. Patient Lift Market Report:
https://i2iresearch.com/report/patient-lift-market-report-u-s-regional-industry-forecast-2019-2026/

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About Us

A fact-based research and consulting firm, i2iResearch helps companies in realising their strategic goals by empowering them to make decisions driven by accurate information, intelligence, and insights.
We specialize in providing deep market insights that help our clients in getting an in-depth understanding of how different factors impact their business and the industry that they are in or planning to get into. As a result, we are able to help you always stay ahead of the curve and achieve a sustained revenue growth with healthy bottomline.
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