Global Patient Lifting Equipment Market

Patient Lifting Equipment Market Overview

The global patient lifting equipment market was estimated at USD 3.7 Billion in 2021, and it is projected to reach USD 5.4 billion in 2024 with a CAGR of 12.7% during the forecast period of 2022-2028. The Market development is mainly driven by elements such as growing research on global geriatric & bariatric populations, the high chance of hurt to caregivers during the manual handling of patients, and the performance of regulations ensuring the safety of healthcare personnel during manual lifting.

What is patient lifting equipment?

Patient lifts are created to lift and transfer patients from one place to another, such as bed to bath, chair to the stretcher. These should not be mistaken with stairway chair lifts or elevators. Patient lifts may be performed using a power source or manually. It is an assistive machine that allows patients in hospitals and nursing homes and people obtaining home health care to be shared between a bed and a chair or other similar resting places using electrical or hydraulic power.

Growth Drivers

Rising geriatric and obese populations

The growing life expectancy of individuals aged 60 years and above has increased steadily. The senior population is more sensitive to fall-related injuries, showing several kinds of functional disabilities and support on mobility equipment. As a result, strong growth in the geriatric population globally will push the demand for patient lifting and mobility equipment. In 2020, about 39 million children under five were overweight. Taking care of bariatric patients is hard as it sets caregivers at the chance of harm during repositioning and nursing care actions. Different types of equipment are known in the market for enduring bariatric patients.

Opportunities

Technology & Prevention through Design

Implement methods to prevent risks such as lifting, transferring, and transferring patients. Manual lifting should be minimized in all cases and stopped when possible. For example, a “zero-lift “program or procedure underestimates direct patient lifting using technical equipment and transfer tools. Establish safe patient handling guidelines based on patient’s physical and medical conditions and the availability of lifting equipment and lift teams. According to the risk inspection, select appropriate lifting equipment, and install and maintain lifting devices according to manufacturer recommendations. The best proactive system is through proper design of the work environment, including incorporating health risk management into the design of facilities during construction and remodeling.

Restraints

Shortage of training delivered to caregivers for the efficient process of patient Lifting equipment

Adequate training schedules need to be executed to make awareness regarding safe patient handling and enable caregivers to operate transfer devices efficiently. Training plays a critical role while lifting patients with special conditions, such as patients with pressure sores or burns and bariatric patients. Due to the cost-cutting endeavors being executed in hospitals across growing and developed countries, a restricted number of training sessions are being delivered to caregivers. The initial expense of equipment and maintenance is high, including training fees, and most healthcare institutions cannot afford patient lifting equipment as per the need. In the case of inadequate training, caretakers may slowly shift to manual lifting as they better understand manual lifting techniques and may find the use of patient lifting equipment cumbersome. It will affect the adoption of patient lifting equipment to some extent.

Pre Covid-19 Impact on Global Patient Lifting Equipment

Before the covid-19 period, the major cause of injury to nursing and hospital support staff was the result of repeated manual lifting, repositioning and moving of patients and residents. With incidence rates of occupational harm requiring workdays rising, healthcare organizations can have a high cost. Safe patient lifting equipment has become one of the top endeavors for healthcare institutions, seeking to minimize work-related injuries and decrease injuries due to patient falls. Proper equipment and education on using patient lifts can significantly reduce exposure to these risks, increasing the patient lifting equipment market before the pandemic.

Covid-19 Impact on Global Patient Lifting Equipment

During the covid-19 outbreak, the demand for medical supplies is increasing. Respiratory support devices such as atomizers, life-support machines, oxygen generators, and monitors are majorly operated medical devices in primary clinical treatment. Moreover, covid-19 has shown a massive surge in demand for medical supplies such as personal protective equipment, including masks, gloves, and protective eyeglasses. With a rise in covid-19 cases worldwide, the demand for medical supplies is increasing among healthcare professionals and civil populations for precautionary measures. Manufacturers of these products can capitalize on this increased demand for medical supplies to ensure a sufficient and steady supply of personal protective equipment in the market. Due to such factors, covid-19 is expected to significantly impact the Patient Lifting Equipment market.

Post Covid-19 Impact on Global Patient Lifting Equipment

After the covid-19 outbreak, Occupational safety and health programs have enabled researchers to determine damage risk elements and safety interventions to control injuries during patient lifting. Evidence-based analysis has established that safe patient handling interventions can seriously decrease overexertion injuries by replacing manual patient handling with safer procedures driven by the principles of “Ergonomics.” Ergonomics guides the creation of work tasks to best suit the capabilities of workers, which shows the slow growth in the patient lifting equipment market.

By Product Segmental Analysis

Based on product segmental analysis, the market is segmented into Wheelchair, Scooter, Beds, Bathroom Safety, Medical and Ambulatory. The wheelchairs and scooters segment was over USD 6.8 billion in 2021. Wheelchairs and scooters cover manual wheelchairs, powered wheelchairs, and mobility scooters. The increasing number of accidental damages resulting in disabilities will upsurge the market for wheelchairs and scooters. Besides, people aged 65 and above are more prone to harm and fall than other age groups. This age group generally needs wheelchairs and scooters for improved safety, thereby causing segmental development. Moreover, the growing aging population will further escalate the need for wheelchairs and scooters.

By Type of Care Segmental Analysis

Based on the type of care segmental analysis, the market is segmented into Bariatric, fall, Critical, Wound, Accessory, Lifting and Transfer. The increasing population suffering from chronic wounds such as myocardial infarction and stroke will cause segmental wound growth during the forecast period. Moreover, the rising number of patient admissions due to the increasing prevalence of chronic wounds drives segmental growth.

By End-Users Segmental Analysis

Based on the end-user segmental analysis, the market is segmented into Homecare, Hospitals, Elderly Care Homes and others. The home care settings component is estimated to record the highest growth rate during the forecast period due to the increasing emphasis on decreasing healthcare expenses and government endeavors to enable home healthcare.

By Regional Segmental Analysis

Based on the regional segmental analysis, the market is segmented into North America, Europe, Asia-Pacific, South America and The Middle East & Africa. North America is anticipated to expand at the fastest CAGR. The growing aging and bariatric population in the United States and Canada, the growth of the North American home healthcare industry, and the rising patient volume in nursing homes and senior care skills are the major aspects pushing the growth of the North American patient lifting equipment market.

Competitors Analysis

The companies include Gainsborough Healthcare Group, ARJO, Handicare Group AB, Hill Rom Holding Inc., Invacare Corporation, Joerns Healthcare Inc., Stryker Corporation, Sunrise Medical Inc., Guldmann Inc., other prominent players in the global patient lifting equipment. Key Stakeholders

• Market research and consulting firms
• Patient Lifting Equipment Industries
• Local Governments
• Regulatory bodies
• Patient Lifting Equipment Market
• Suppliers
• Service Providers

Recent Developments

•  In July 2020- Invacare Corporation cooperated with Alber to promote the US launch of SMOOV one, a creative and pioneering power-assist solution.
• In October 2018- Etac presented two new products on Molift Raiser pro, available in sitting and standing segments.
• In August 2016- GF Health products established Lumex Pro Battery-Powered Floor Lift in the Mobile lift segment.
• In October 2018, Etac launched two new products, Molift Raiser pro in Sit to Stand segment.
• In September 2016, Handicare formulated Prism Medical, one of the leading manufacturers of fixed ceiling lifts, movable ceiling lifts, floor lifts, slings, and other ancillary patient handling products.

Scope of the Report

Report Attribute	Details
Market Size Value in 2021	USD 3.7 Billion
The revenue forecast in 2028	USD 5.4 Billion
Growth Rate	CAGR of 12.7 % from 2022 to 2028.
Historical data	2017 – 2020
Base Year	2021
Forecast period	2022 – 2028
Region covered	North America, Europe, Asia-Pacific, South America, and Middle East & Africa
Key companies Profiled	The Companies include Gainsborough Healthcare Group, ARJO, Handicare Group AB, Hill Rom Holding Inc., Invacare Corporation, Joerns Healthcare Inc., Stryker Corporation, Sunrise Medical Inc., and Guldmann are the key players.

Market Modelling

By Product

• Wheelchair
• Scooter
• Beds
• Bathroom Safety
• Mechanical
• Ambulatory

By Type of Care

• Bariatric
• Fall
• Critical
• Wound
• Accessory
• Lifting
• Transfer

By End-Users

• Homecare
• Hospitals
• Elderly Care Homes
• Others

By Region

• North America
• Europe
• Asia-Pacific
• South America
• The Middle East & Africa

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