Patient Lifting Equipment Market Share Worth USD 14.24 Billion in 2032 | Arjo, DJO, LLC, Medical Depot, Inc. dba Drive DeVilbiss Healthcare

The patient lifting equipment market is a rapidly growing industry that caters to the needs of individuals who require assistance with mobility. This market primarily deals with equipment that is used to lift and transfer patients from one place to another. The global patient lifting equipment market size is expected to reach USD 14.24 Billion in 2032 and register a revenue CAGR of 12.7% during the forecast period, according to latest analysis by Emergen Research

One of the key drivers of the patient lifting equipment market is the increasing prevalence of disabilities and chronic diseases. The growing aging population has also led to an increase in the number of individuals with mobility issues. As a result, there is a greater need for patient lifting equipment to assist these individuals. Additionally, the increasing awareness about the benefits of patient lifting equipment among healthcare providers and patients is expected to further fuel the growth of this market.

However, there are certain restraints that can hinder the growth of the patient lifting equipment market. One of the major restraints is the high cost associated with these devices. Many individuals who require these devices may not be able to afford them, especially in developing countries where healthcare is not always accessible or affordable. Another challenge is the lack of trained personnel to operate the equipment. It is essential that healthcare providers are properly trained to use these devices to prevent injuries to both the patient and the caregiver.

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Despite these challenges, there are several growth factors that are expected to positively impact the patient lifting equipment market. For instance, the increasing adoption of technology in healthcare has led to the development of advanced patient lifting equipment that is more efficient and effective. Additionally, the rise in demand for home healthcare services is expected to create new opportunities for patient lifting equipment manufacturers.

According to a report by the World Health Organization (WHO), falls are the second leading cause of accidental or unintentional injury deaths worldwide. This has led to an increased focus on patient safety, which is expected to drive the demand for patient lifting equipment. The report also states that the number of people aged 60 years and above is expected to double by 2050, which is expected to further increase the demand for patient lifting equipment.

The North American region dominated the patient lifting equipment market in 2020, accounting for over 38% of the global market share. This can be attributed to the increasing prevalence of chronic diseases and the growing aging population in the region. The Asia-Pacific region is expected to witness the fastest growth during the forecast period, owing to the increasing focus on improving healthcare infrastructure and the rise in disposable income.

the patient lifting equipment market is expected to experience significant growth in the coming years. The increasing prevalence of disabilities and chronic diseases, the growing aging population, and the rising demand for home healthcare services are some of the key drivers of this market. However, the high cost associated with patient lifting equipment and the lack of trained personnel to operate the devices can hinder market growth. Nonetheless, the increasing adoption of technology in healthcare and the focus on patient safety are expected to create new opportunities for patient lifting equipment manufacturers.

Major Companies and Competitive Landscape:

Arjo, DJO, LLC, Medical Depot, Inc. dba Drive DeVilbiss Healthcare, Etac AB, GF Health Products, Inc., Guldmann Inc., Handicare, Invacare Corporation, Joerns Healthcare LLC, Medline Industries LP.

The patient lifting equipment market is highly competitive, with several players operating in the market. These players are focusing on expanding their product portfolios, developing innovative products, and acquiring new customers to gain a competitive edge.

One of the key players in the patient lifting equipment market is Hill-Rom Holdings, Inc. The company offers a range of patient handling equipment, including lifts, slings, and transfer devices. Hill-Rom Holdings, Inc. has a strong global presence and operates in more than 100 countries.

Another major player in the market is Invacare Corporation, which offers a range of patient handling and mobility equipment. The company has a strong presence in the North American and European markets and has been focusing on expanding its product portfolio through acquisitions and partnerships.

Arjo AB is another prominent player in the patient lifting equipment market. The company offers a range of products, including patient lifts, slings, and standing and raising aids. Arjo AB has a strong global presence and operates in more than 100 countries.

In recent years, there has been a trend towards the development of technologically advanced patient lifting equipment. Many companies are investing in the development of smart lifts and slings that use sensors and other technologies to improve patient safety and reduce the risk of injury to caregivers. These advancements in technology are expected to drive the growth of the patient lifting equipment market in the coming years.

In addition to product development, companies are also focusing on expanding their distribution networks and increasing their presence in emerging markets. The Asia-Pacific region is expected to witness significant growth in the patient lifting equipment market, and many companies are investing in expanding their operations in the region.

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Segmentation Insights for Patient Lifting Equipment market Report:

The global patient lifting equipment market has been segmented by Emergen Research based on two key factors: product and end-use. The product outlook of the market includes ceiling lifts, star and wheelchair lifts, mobile lifts, sit-to-stand lifts, bath and pool lifts, lifting slings, and lifting accessories. Each of these products is expected to generate significant revenue for the market between 2019 and 2032.

The end-use outlook of the patient lifting equipment market includes hospitals, home care settings, elderly care facilities, and others. The market is expected to witness significant growth in each of these end-use segments over the forecast period. Hospitals are expected to generate the highest revenue, followed by home care settings and elderly care facilities.

By 2030, the global population of individuals over the age of 65 is expected to double, leading to an increase in demand for patient lifting equipment. This growth is attributed to the rising prevalence of chronic diseases and disabilities, which often require the use of patient lifting equipment.

North America is expected to dominate the global patient lifting equipment market due to the presence of a large number of market players in the region. Europe is expected to follow closely, with Asia-Pacific expected to witness significant growth over the forecast period.

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