Soaring Demand Set to Propel Patient Lifting Equipment Market to $7.4 Billion by 2029

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What Is the Expected CAGR for the Patient Lifting Equipment Market Through 2025?
The market size for patient lifting equipment has seen significant growth in the past few years. The sector is projected to expand from a market value of $4.91 billion in 2024 to $5.34 billion in 2025, with a compound annual growth rate (CAGR) of 8.8%. The historical growth of the market can be linked to factors such as the development of healare infrastructure, increase in the count of hospitals, nursing homes and assisted living facilities, a preference for home healare settings, escalated healare spending, and a rise in the demand for long-term care services.

What's the Projected Size of the Global Patient Lifting Equipment Market by 2029?
The rise in valuation for the patient lifting equipment market is expected to be robust in the coming years, with an estimated value of $7.4 billion by 2029, growing at a compound annual growth rate (CAGR) of 8.5%. The factors fueling this growth span from an increasingly aging global population, a surge in disorders related to mobility, an upsurge in chronic diseases leading to long-term immobility, a growing populace of physically impaired individuals, and higher life expectancy rates. Key trends for this projected period include incorporating IoT and smart features into lifting devices, enhancement in patient handling automation, the advent of compact and lightweight designs, better battery longevity and powered lift portability, and increased safety features in contemporary apparatus.

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Top Growth Drivers in the Patient Lifting Equipment Industry: What's Accelerating the Market?
The escalating incidence of disabilities is expected to propel the expansion of the patient lifting equipment market in the foroming years. Disabilities, which can be physical, mental, sensory, or cognitive, greatly hinder an individual's capacity to undertake routine tasks or participate fully in societal engagements. The aging global population is contributing to the surge in disabilities, by increasing the incidence of chronic diseases and age-related impairments which lead to prolonged functional limitations. This surge enhances the need for patient lifting equipment, as persons with mobility issues often necessitate mechanical help for secure and comfortable transfers, thereby decreasing injury risk for patients and caregivers alike. For instance, in October 2024, the House of Commons Library, an information provider of the British Parliament's lower house, declared that approximately 16.1 million people in the UK were diagnosed with a disability during the 2022/23 fiscal year, constituting nearly a quarter (24%) of the overall population. Thus, the escalating incidence of disabilities is predicted to steer the expansion of the patient lifting equipment market.

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What Trends Will Shape the Patient Lifting Equipment Market Through 2029 and Beyond?
Major companies operating in the patient lifting equipment market are focusing on developing advanced solutions, such as patient transfer lifts, to improve efficiency in caregiving by minimizing the physical effort and time. Patient transfer lifts are devices that help safely relocate people with limited mobility between different positions or surfaces, such as moving from a bed to a wheelchair or from a chair to a toilet. For instance, in July 2023, EZ-ACCESS, a US-based provider of accessibility solutions, launched the ORBIT patient transfer lift. It features a unique design with both an articulating arm and a pivoting stanchion that rotate a full 360 degrees, offering complete maneuverability. This full-circle rotation enhances flexibility and access within home or care facility environments. Two height options are available to suit ceiling heights ranging from 8 to 12 feet, and the compact footprint supports space efficiency. Additionally, the arm offers three adjustable height positions, is capable of clearing doorways, and is available in four- and five-foot length options.

What Are the Main Segments in the Patient Lifting Equipment Market?
The patient lifting equipment market covered in this report is segmented -

1) By Type: Bariatric Care, Fall Prevention, Critical Care, Wound Care
2) By Product: Ceiling Lifts, Stair And Wheelchair Lifts, Mobile Lifts, Sit-To-Stand Lifts, Bath And Pool Lifts, Lifting Slings, Lifting Accessories
3) By Weight: Below 250 Lbs, 250-500 Lbs, 500-1000 Lbs, Above 1000 Lbs
4) By End-User: Hospitals And Healare Facilities, Nursing Homes And Assisted Living Facilities, Home Healare, Rehabilitation Centers, Emergency Responders, Other End-Users

Subsegments:
1) By Bariatric Care: Bariatric Beds, Bariatric Patient Lifts, Bariatric Wheelchairs And Transport Chairs, Bariatric Slings, Bariatric Stretchers
2) By Fall Prevention: Floor Lifts, Sit-To-Stand Lifts, Transfer Aids, Fall Alarms And Monitoring Devices
3) By Critical Care: Medical Beds, ICU Stretchers, Patient Transfer Devices, Critical Care Lifts
4) By Wound Care: Pressure Relief Mattresses, Lateral Transfer Devices, Turning And Repositioning Systems, Specialty Beds For Wound Management

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Which Top Companies are Driving Growth in the Patient Lifting Equipment Market?
Major companies operating in the patient lifting equipment market are Medline Industries Inc., Stryker Corporation, Baxter International Inc., Arjo AB, Savaria Corporation, Drive DeVilbiss Healare, Invacare Corporation, Joerns Healare LLC, Proactive Medical, Etac AB, GF Health Products Inc., Prism Medical UK Ltd., Handicare Group, EZ Way Inc., V. Guldmann A/S, SureHands Lift & Care Systems, Bestcare, Texas Medical Industries Inc., Benmor Medical Ltd., Vancare Inc., Antano Group.

Which Regions Will Dominate the Patient Lifting Equipment Market Through 2029?
North America was the largest region in the patient lifting equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the patient lifting equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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