Worldwide demand for patient lifting equipment is anticipated to increase at a high-value CAGR of 7.3% from 2022 to 2027. Currently, the global patient lifting equipment market stands at a valuation of US$ 1.5 billion and is predicted to reach US$ 2.3 billion by the end of 2027.Rising incidence of accidents resulting in severe injuries and increasing disability among the general population, especially the elderly, are expected to be prominent factors driving global sales of patient lifting equipment over the years to come.
The offer in this portion accompanies many open doors including fabricating items, appropriation, retail, and showcasing administrations. Broad rounds of essential and a far reaching optional exploration have been utilized by the examiners at Fact.MR to show up at different assessments and projections for Demand of Patient Lifting Equipment Market both at worldwide and provincial levels.
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Market Players: –
- Baxter International Inc.
- Gainsborough Specialist Bathrooms
- Getinge AB
- Guldmann Inc.
- Invacare Corporation
- Joerns Healthcare LLC
- Savaria Corporation
- Stryker Corporation
- Sunrise Medical LLC
- Winncare Group
Key partners in Market including industry players, policymakers, and financial backers in different nations have been persistently realigning their systems and ways to deal with carry out them to take advantage of new open doors. Numerous lately have updated their procedures to stay coordinated in the setting of overall disturbances brought about by the COVID-19 pandemic.
Competitive Landscape
Patient lifting equipment providers are concentrating on launching new products to increase their revenue generation capacity and gain a competitive edge over other market players.
- In May 2022, Invacare Corporation, a leading name in the patient lifting equipment industry, announced the introduction of an innovative patient lift solution for the United States market. Birdie™ Evo XPLUS is equipped with advanced patient lifting technology to ensure maximum comfort and safety when transferring the patient from the chair, floor, or bed.
- In July 2021, AmeriGlide, a leading stair lift manufacturer, announced the launch of AmeriGlide UP Stair Lift. The new stair lift is equipped with innovative features to provide utmost safety while using it.
Patient lifting system suppliers can also target mergers, acquisitions, partnerships, and collaborations to drive their market presence and increase their overall market share.
- In June 2019, Savaria Corporation, a global leader in the accessibility industry, announced the acquisition of Silvalea, a leading patient transfer sling and accessory manufacturer, along with its sister organization D-ansermed Ltd.
Key Segments in Patient Lifting Equipment Industry Research
- By Product Type :
- Ceiling/Overhead Lifts
- Stair Lifts
- Mobile/Floor Lifts
- Powered Sit-to-Stand Lifts
- Bath & Pool Lifts
- Lifting Slings
- Lifting Accessories
- By End Use :
- Hospitals
- Home Care
- Elderly Care Facilities
- Other End Uses
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
- EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
- CIS & Russia
- Japan
- Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
How Fact.MR Assists in Making Strategic Moves?
The data provided in the Patient Lifting Equipment Market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.
The report covers the price trend analysis and value chain analysis along with an analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.