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The patient lifting devices market size is forecast to increase by USD 3.17 billion, at a CAGR of 12.57% between 2023 and 2028.
Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The market continues to evolve, driven by the growing demand for mobility assistive solutions across various sectors. Hydraulic lift mechanisms serve as the foundation for many patient lifting devices, providing the necessary power and functionality. Patient lift slings, available in various material specifications, enable safe and efficient transfers, contributing to pressure ulcer prevention. Bariatric patient lifts, specifically designed for obese or overweight individuals, are gaining popularity due to their increased weight capacity. Safety features, such as emergency lowering systems and emergency stop functions, are integral components of these devices, ensuring user safety. Lift system certifications and adherence to safety protocols are essential for market compliance.
Lift maintenance schedules and proper usage are crucial for the longevity and effectiveness of these devices. Applications extend to bed-to-chair transfers, floor-mounted hoist systems, and ceiling hoist systems, among others. Power source requirements, including electric lift technology and battery life indicators, also play a significant role in the market's dynamics. Portable patient lifts offer added flexibility for caregivers, while vertical patient lifts facilitate transfers between levels. Patient positioning aids and transfer techniques further enhance the overall functionality of these devices. The market's continuous growth is fueled by the ongoing need to improve patient care and safety, as well as advancements in technology and design.
The patient lifting devices industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The powered sit to stand lift segment is estimated to witness significant growth during the forecast period.
Powered sit-to-stand lifts have become essential equipment in healthcare settings and homes, catering to patients with limited mobility who require assistance in rising from a seated position. These lifts, featuring a seat and base, employ hydraulic or electric power to facilitate the user's standing process. The advantages of powered sit-to-stand lifts are manifold: they promote independence, enhance mobility, and reduce caregiver injury risks. The market growth is influenced by the increasing bariatric and geriatric populations, as well as the rise in musculoskeletal injuries. The market for these lifts encompasses various components, including low-height transfer systems, emergency lowering mechanisms, hoist system components, and patient lift slings.
Lifting device ergonomics and safety features, such as emergency stop functions and lift control mechanisms, are crucial considerations. Mobility assistive devices, like ceiling hoist systems and mobile lift bases, are integral to the market. Ergonomic patient positioning aids and pressure ulcer prevention measures are essential features in the design of these lifts. Power source requirements, such as batteries, are essential for portable patient lifts and vertical patient lifts. Transfer safety protocols and wheelchair accessibility are also essential aspects of the market. Bariatric patient lifts, with their increased weight capacity ratings and sling capacity limits, cater to the unique needs of this population.
Sling material specifications and safety features checklists are essential for ensuring the highest level of patient safety. Lift system certifications and maintenance schedules are also crucial for maintaining the functionality and longevity of the equipment. Electric lift technology, with its efficiency and ease of use, is a growing trend in the market. Patient transfer techniques, utilizing the various types of lifts and accessories, are essential skills for caregivers to master. Overall, the market for patient lifting devices is dynamic and evolving, driven by the growing need for safe and efficient patient handling solutions.
The Powered sit to stand lift segment was valued at USD 0.77 billion in 2018 and showed a gradual increase during the forecast period.
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 shape the market during the forecast period.
In the market, North America is set to lead due to the increasing adoption of hoist systems and manual patient handling devices. The region's dominance can be attributed to the expanding healthcare infrastructure, growing geriatric population, and the need to prevent caregiver injuries. The demand for low-height transfer systems, emergency lowering mechanisms, and mobility assistive devices is on the rise due to the heightened focus on patient safety and comfort. Ergonomically designed lifting devices, such as powered patient lifts and hydraulic lift mechanisms, are gaining popularity for their ease of use and ability to reduce the risk of injuries.
Safety features, including emergency stop functions and lift control mechanisms, are essential considerations in the selection of patient lifting devices. Pressure ulcer prevention and bariatric patient lifting solutions are crucial for hospitals and long-term care facilities, as they cater to patients with unique requirements. Ceiling hoist systems, floor-mounted hoists, and portable patient lifts offer flexibility in patient transfer techniques, making them indispensable in various care settings. Transfer safety protocols, wheelchair accessibility, and electric lift technology are essential factors driving the market's growth. Weight capacity ratings, sling capacity limits, and battery life indicators are critical specifications for selecting the right patient lifting device.
Regular maintenance schedules ensure the longevity and efficient functioning of these devices. In conclusion, the market is witnessing significant growth due to the increasing demand for safe and efficient patient handling solutions. The market is characterized by the availability of various types of devices, including manual and powered lifting devices, and the focus on enhancing patient safety and caregiver ergonomics.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The patient lifting devices market forecasting 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 patient lifting devices market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, patient lifting devices market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Arjo AB - The company specializes in the production and distribution of patient lifting devices, including the Maxi Move, Maxi Twin, and Compact models, catering to various healthcare settings with a focus on enhancing patient safety and caregiver ergonomics.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
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 industry 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.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Patient Lifting Devices Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
99 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 12.57% |
Market growth 2024-2028 |
USD 3.17 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
11.42 |
Key countries |
US, Canada, Germany, UK, and China |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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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
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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