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The Global Patient Lifting Devices Market size is estimated to grow by USD 3,174.77 million at a CAGR of 12.57% between 2023 and 2028.
The demand for healthcare products and services by patients and healthcare providers is increasing due to various factors such as longer life expectancy, the growing aging population, and the increasing cases of chronic diseases across hospitals, extended care facilities (viz. healthcare institutions for patients requiring long-term custodial medical care, especially for prolonged rehabilitation or chronic disease), and homes. In addition, factors such as the preference for recovering at home rather than in the hospital, especially among older people, lower costs, and better follow-up treatment in the case of chronic illnesses are positively impacting the market.
Technavio has segmented the market into Product, End-user, and Geography
It also includes an in-depth analysis of drivers, trends, and challenges. Our report examines historical data from 2018 - 2022, besides analyzing the current market scenario.
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The powered sit to stand lift segment is estimated to witness significant growth during the forecast period. Powered sit to stand lifts segment are designed to be helpful to patients who have some mobility but need help to rise from a sitting position. In addition, these lifts allow the caregivers to move patients from one seated surface to another easily. Furthermore, the powered sit to stand lift typically consists of a seat and base and makes use of hydraulic or electric power to assist the user in standing up.
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The powered sit to stand lift segment segment was the largest segment and valued at USD 772.36 million in 2017Moreover, these lifts consist of many advantages, including increased independence, improved mobility, and decreased risk of injury. In addition, the growth in the powered sit-to-stand lift segment is driven by the increase in the bariatric and geriatric population growth in the incidence of musculoskeletal injuries. Furthermore, the surge in demand for powered sit to stand lifts for patients with mobility disorders, the elderly with weakness in their lower bodies, or patients who have been immobilized will further fuel the growth of the powered sit to stand lift segment during the forecast period.
The growth in the hospital segment in the global patient lifting devices market is fuelled by the rise in the geriatric population and the increase in the patient population. In addition, an increase in the number of injuries caused during the patient handling process and an increase in the number of disabled people will foster the growth of the hospital segments. Moreover, caregivers or patients encounter common manual handling injuries, including back, neck, and spine injuries, musculoskeletal disorders, strains and sprains, and injuries to the hands, feet, ankles, and wrists. Therefore, using appropriate patient lifting devices will reduce the chances of occurring such injuries. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
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North America is estimated to contribute 41% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that will shape the market during the forecast period. Factors such as the heightened deployment of patient hoisting mechanisms in North America are fuelling the market growth in the region. In addition, the growing investments in the development of quality healthcare infrastructure with all amenities and the rising geriatric population are positively impacting the market growth in the region. Furthermore, the high risk of injuries to caregivers while manually handling the patients and the rising number of patient admissions in the hospitals increase the demand for patient lifting devices in the region. Hence, such factors are driving the market growth in North America during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Arjo AB: The company offers patient lifting devices products such as Maxi move, maxi twin, maxi twin compact, and many more.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
There are multiple factors influencing market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges.
A key factor shaping the patient lifting devices market growth is the increasing regulation to minimize manual patient handling. It is the legal responsibility of employers to ensure the health and safety of their staff at work, including the prevention of accidents and work-related health problems such as back pain and upper limb disorders (ULDs). In addition, as per regulatory requirements, a competency assessment of healthcare workers for safe patient handling and movement devices should be included in existing protocols for professional development and behavioral handling.
Moreover, special considerations should be taken into account by caregivers while transferring patients, as different situations demand distinct care. In addition, patients in emergency rooms may have a variety of illnesses, ailments, or injuries, depending on which type of lateral transfer should be done. Furthermore, recognizing and addressing such concerns is vital for reducing or eliminating injuries to both healthcare workers and patients. Hence, such factors are driving the market growth during the forecast period.
The lack of trained caretakers for patient handling is one of the key challenges hindering the patient lifting devices market growth. Transport, transfer, and handling of patients, especially bariatric individuals, can lead to serious injuries to healthcare workers and caregivers. Therefore, programs associated with safe patient handling are increasingly becoming the norm in long-term care facilities and hospitals.
Moreover, in many states, the use of transfer and mobilizing equipment is mandated to protect both patients and healthcare workers from injury. In addition, patient lifting devices significantly reduce the risks associated with manual handling. However, the lack of trained personnel to perform lateral transfers limits the use of patient lateral transfer. Hence, such factors are hindering the market growth during the forecast period.
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Patient Lifting Devices Market Customer Landscape
The patient lifting devices market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
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Patient Lifting Devices Market Scope |
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Report Coverage |
Details |
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Page number |
99 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 12.57% |
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Market Growth 2024-2028 |
USD 3,174.77 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
11.42 |
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Regional analysis |
North America, Europe, Asia, and the Rest of the World (ROW) |
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Performing market contribution |
North America at 41% |
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Key countries |
US, Canada, Germany, UK, and China |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Arjo AB, Baxter International Inc., Benmor Medical UK Ltd., Bestcare LLC, Enovis Corp., Etac AB, Gainsborough Healthcare Group, Getinge AB, GF Health Products Inc., Hospimek Pte Ltd., Invacare Corp., Joerns Healthcare LLC, Medical Depot Inc., Medline Industries LP, PRISM Medical Group, Savaria Corp., Stryker Corp., Sunrise Medical LLC, WINNCARE Group, and V. Guldmann AS |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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