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Patient Mechanical Lift Handling Equipment Market, By Product (Bath Patient Lifters, Floor-based Lifts, Overhead/Ceiling Lifts, Powered Sit-To-Stand Lifts, Stand-up and Raising Lifts, and Other Products), By End User (Hospitals, Home Healthcare, and Other End Users), and By Geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030.
Market Overview:
Patient mechanical lift handling equipment refers to a range of devices and equipment designed to assist in the transfer, movement, and positioning of patients with limited mobility or those who are unable to move independently. These devices are commonly used in healthcare facilities, nursing homes, rehabilitation centers, and home care settings to ensure safe and efficient patient handling.
Competitive Landscape:
Major players operating in the global patient mechanical lift handling equipment market include Savaria Corporation (Handicare Group AB), Gainsborough Healthcare Group, Baxter (Hill Rom Holding Inc.), Invacare Corporation, Joerns Healthcare Inc., Winncare Group (Mangar Health), Stryker Corporation, Sunrise Medical Inc., Guldmann Inc., Medline Industries Inc., Etac AB, and ARJO.
Key Market Drivers:
The global aging population is expected to augment the growth of the global patient mechanical lift handling equipment market. With a rising number of elderly individuals who require assistance in mobility, there is a growing demand for patient mechanical lift handling equipment to ensure safe patient transfer.
The Global Patient Mechanical Lift Handling Equipment Market was valued at US$ 1,716.7 Mn in 2022 and is forecast to reach a value of US$ 3,140.6 Mn by 2030 at a CAGR of 7.9% between 2023 and 2030.
The prevalence of chronic diseases such as arthritis, obesity, and neurological disorders is increasing globally. These conditions often result in reduced mobility and the need for patient-handling equipment, thereby driving market growth.
There is a growing emphasis on the safety of caregivers and healthcare workers involved in patient handling. Patient mechanical lift handling equipment aids in reducing the risk of injuries to caregivers, leading to increased adoption of such devices. This is estimated to enhance the growth of the global patient mechanical lift handling equipment market. For instance, in May 2022, Invacare Corporation introduced an innovative patient lift solution called Birdie Evo XPLUS, to aid in post-acute care settings.
Several governments across the world are implementing regulations and guidelines to ensure patient safety during transfers. This has resulted in the increased adoption of patient mechanical lift-handling equipment in healthcare facilities, further propelling the market growth.
Covid-19 Impact Analysis:
The COVID-19 pandemic highlighted the importance of infection control measures in healthcare settings. Patient mechanical lift handling equipment, with features such as antimicrobial coatings and easy cleaning, gained traction during the pandemic due to the need for maintaining a hygienic environment. This boosted the growth of the global patient mechanical lift handling equipment market. For instance, in December 2021, Hillrom was acquired by Baxter, which accelerated the latter’s vision of transforming patient care and healthcare globally.
Key Takeaways:
North America is expected to dominate the growth of the global patient mechanical lift handling equipment market. Factors such as a well-established healthcare infrastructure, an increasing elderly population, and stringent safety regulations drive market growth in this region. For instance, in July 2021, AmeriGlide launched the AmeriGlide UP Stair Lift, which is an advanced stair lift.
Europe is estimated to witness high growth in the global patient mechanical lift handling equipment market. The presence of a large geriatric population, favorable government initiatives, and a focus on caregiver safety contribute to market expansion in this region. For instance, in January 2022, Podplan and Stiltz Homelifts partnered in order to offer subscription services to elderly patients by simplifying care solutions.
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