Global Patient Lifting Equipment Market - Industry Trends and Forecast to 2029

Global Patient Lifting Equipment Market - Industry Trends and Forecast to 2029
Patient lifts have proven to be useful for both disabled people and caregivers. Disabled and elderly people have mobility issues while going about their daily lives, and they often find the process dangerous. People with disabilities will increasingly require mobility or lifting devices to carry out their daily activities, as geriatric disorders frequently co-occur with obesity and disability.
• Data Bridge Market Research analyses that the Patient Lifting Equipment market is expected to reach the value of USD 7.89 billion by the year 2029, at a CAGR of 13.25% during the forecast period. Increasing popularity of home healthcare is expected to create new opportunity for the market.
Market Definition
Patient lifts are used to transfer and lift patients from one location to another, such as from the bath to the bed, stretchers to chairs, and so on. Sling lifts have a limitation in that they bend and compress the patient's body during the transfer process.
Patient Lifting Equipment Market Dynamics
Drivers
• The rise in the mobile lifts segment is expected to grow faster than average.
It is a challenge to store the bulk data generated by the electronic health records (EHR) on the local storage devices due to the risk associated with the loss of essential data. Hence, deploying these interoperability solutions in the healthcare sector becomes critical to enable easy sharing and storage of big data.
• The upsurge in home care applications
Due to the increased emphasis on lowering healthcare costs and government initiatives to promote home healthcare, the home care settings segment is expected to grow at the fastest rate during the forecast period. The expansion of the global home healthcare market is expected to drive demand for patient lifting equipment.
• Regulatory Compliance
Maintaining compliance with medical reforms and regulations raises the demand for these solutions.
• Government investments for healthcare especially for ageing population
The growing population of people with disabilities is expected to drive market growth. Other factors such as an ageing population, an increase in the risk of injuries during manual patient handling, strict rules and norms governing the safety of healthcare personnel against manual lifting, and improvements in healthcare infrastructure are expected to drive demand for patient lifting equipment during the forecast period.
Restraints/Challenges
The patient lifting equipment market, on the other hand, faces major challenges due to a lack of trained and unprofessional caregivers, as well as health issues such as sprains, musculoskeletal disorders, and spinal injuries.
This Patient Lifting Equipment market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Patient Lifting Equipment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Covid-19 Impact on Patient Lifting Equipment Market
COVID-19 has resulted in a significant increase in the demand for medical supplies such as personal protective equipment such as masks, gloves, and protective eyeglasses. With an increase in the number of COVID-19 cases worldwide, the demand for medical supplies from both healthcare professionals and civil populations for precautionary measures continues to rise. Manufacturers of these products have an opportunity to capitalise on the increased demand for medical supplies in order to ensure an adequate and consistent supply of personal protective equipment in the market. COVID 19 is expected to have a significant impact on the Patient Lifting Equipment market as a result of these factors.

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