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Patient Lift Pendant Market by Application and Geography - Forecast and Analysis 2022-2026

  • Published: Sep 2022
  • Pages: 131
  • SKU: IRTNTR70418
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The patient lift pendant market share is expected to increase by USD 31.2 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 6.27%.

This patient lift pendant market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the patient lift pendant market segmentation by application (intensive care unit and operating rooms) and geography (North America, Europe, Asia, and the Rest of the World (ROW)). The patient lift pendant market report also offers information on several market vendors, including AAMED Technologies Inc., Amico Group of Companies, Arjo AB, Atlas Copco AB, DeVilbiss Healthcare GmbH, Draegerwerk AG and Co. KGaA, GF Health Products Inc., Heal Force Biomeditech Holdings Ltd., HILL ROM HOLDINGS Inc., INMED SA, Medline Industries LP, modul technik GmbH, NOVAIR MEDICAL, Savaria Corp., Schonn Medizintechnik GmbH, SKYTRON LLC, Starkstorm Ltd., TLV Healthcare, and Wilhelm Integrated Solutions Pty Ltd. among others.

What will the Patient Lift Pendant Market Size be During the Forecast Period?

Patient Lift Pendant Market Size

Download Report Sample to Unlock the Patient Lift Pendant Market Size for the Forecast Period and Other Important Statistics

 

Patient Lift Pendant Market: Key Drivers, Trends, and Challenges

Our researcher studied the historical data for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges for the global patient lift pendant market. During the COVID-19 pandemic, the demand in the patient lift pendant market has been impacted significantly. But a holistic analysis of drivers will help in predicting exact demands and refining marketing strategies to gain a competitive advantage.

Key Patient Lift Pendant Market Driver

The growing prevalence of disabilities is the key factor driving the global patient lift pendant market growth. The prevalence of diseases and chronic conditions such as osteoarthritis, osteoporosis, fractures, chronic wounds, stroke, paralysis, diabetes, and obesity is increasing worldwide. These conditions often lead to disabilities, such as mobility impairments. The prevalence of mobility-related disability is increasing globally. For instance, in 2019, more than two billion people, or more than 37.5% of the global population, were disabled. Out of which, 13.7% of the people with a disability had mobility impairments, with serious difficulties in walking or climbing stairs. Thus, the high prevalence of mobility-related disabilities will augment the demand for patient lift pendants. Advances in healthcare technologies and the availability of effective treatment options have resulted in increased life expectancy, which is resulting in an increase in the geriatric population across the world. The geriatric population is more prone to having disabilities. The geriatric population is more susceptible to diseases and conditions such as stroke, osteoporosis, diabetes, and osteoarthritis. For instance, more than 200 million people had osteoporosis in 2021 globally. The increasing number of elderly patients with osteoporosis will boost the market growth during the forecast period.

Key Patient Lift Pendant Market Trend

The rising demand for home care services will fuel the global patient lift pendant market growth. The rising incidence of injuries or old age-related health issues augments the demand for home care settings, which serve as an effective and less-costly alternative to hospitalization. The growing aging population, the rising prevalence of chronic health conditions, and the increasing number of injuries and disabilities are propelling the demand for home care settings. For instance, according to The World Bank Group, in 2019, the population aged 65 years and above was around 9% of the global population. Also, the geriatric population in the US increased by 1%-2% in 2019 from 2018. Such an increase in the aging population will drive the demand for home care settings. According to the most recently available data from the CDC, more than five million adult patients received home health care in 2019. Patient lift pendants are used in home care settings to move patients from one place to another. Disposable slings are gaining popularity in home care settings as they help control infection and maintain hygiene. Hence, the growing demand for home care settings is likely to drive the growth of the global patient lift pedant market during the forecast period.

Key Patient Lift Pendant Market Challenge

The high capital requirements are the major challenge to the global patient lift pendant market growth. The high cost of patient lift pendants and their installation increase the cost burden on end-users and patients. The high cost of advanced patient lift pendants limits their adoption. Apart from the equipment cost, end-users also need to spend additional capital on its installation, maintenance, and purchase of related accessories. The add-on cost includes remodeling, installation, and ongoing maintenance costs. Moreover, the batteries for lift motors must be replaced every two years, and the motors for operating these lifts must be replaced every ten years. The average cost of patient lift pendant motors is $2,400-$4,000. Furthermore, adding overhead lift pendants to an existing facility is difficult and expensive as hospitals have to readjust the wiring, water pipes, and gas lines to accommodate the device, which incurs high costs. Organizations installing these patient lift pendants also bear additional costs associated with training employees on device use. Owing to budget constraints, many end-users are reluctant to purchase advanced patient lift pendants. All these factors are expected to limit the growth of the market during the forecast period.

This patient lift pendant market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global patient lift pendant market as a part of the global healthcare equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the patient lift pendant market during the forecast period.

Who are the Major Patient Lift Pendant Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • AAMED Technologies Inc.
  • Amico Group of Companies
  • Arjo AB
  • Atlas Copco AB
  • DeVilbiss Healthcare GmbH
  • Draegerwerk AG and Co. KGaA
  • GF Health Products Inc.
  • Heal Force Biomeditech Holdings Ltd.
  • HILL ROM HOLDINGS Inc.
  • INMED SA
  • Medline Industries LP
  • modul technik GmbH
  • NOVAIR MEDICAL
  • Savaria Corp.
  • Schonn Medizintechnik GmbH
  • SKYTRON LLC
  • Starkstorm Ltd.
  • TLV Healthcare
  • Wilhelm Integrated Solutions Pty Ltd.

 

This statistical study of the patient lift pendant market encompasses successful business strategies deployed by the key vendors. The patient lift pendant market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • amico.com- The company offers a GoLift ceiling lift system that is designed to transfer and position patients.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The patient lift pendant market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Patient Lift Pendant Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the patient lift pendant market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global healthcare equipment market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Patient Lift Pendant Market?

Patient Lift Pendant Market Share by Geography

For more insights on the market share of various regions Request PDF Sample now!

41% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for the patient lift pendant market in North America. Market growth in this region will be slower than the growth of the market in other regions.

The growing prevalence of disabilities will facilitate the patient lift pendant market's growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID-19 Impact and Recovery Analysis

The spread of COVID-19 in 2020 had a positive impact on the demand for patient lift pendants in the region. However, the patient lift pendant market experienced a differential impact at each stage of its value chain, owing to the rapid increase in the number of COVID-19 cases. The pandemic affected the availability of the workforce, raw material supply, intermediate food products, and trade and logistics, leading to demand-supply volatility and uncertain consumer demand. However, the demand for patient lift pendants surged due to the increasing number of patients with COVID-19 in several healthcare facilities. Therefore, the market is likely to witness substantial growth in the region during the forecast period. Also, the launch of vaccination drives in 2021 and the declining number of COVID-19 cases marked recovery in the region. Moreover, the market in focus is anticipated to grow positively during the forecast period owing to the increasing cases of chronic diseases in the region

What are the Revenue-generating Application Segments in the Patient Lift Pendant Market?

Patient Lift Pendant Market Share

To gain further insights on the market contribution of various segments Request a PDF Sample

The patient lift pendant market share growth in the intensive care unit segment will be significant during the forecast period. Intensive care units admit and care for some of the weakest and most vulnerable patients in a hospital. Therefore, these units have patient lifting systems specified with a ceiling-mounted pendant. Critical care units (CCUs) often have pendants fitted at the head of the patient bed, providing easy-to-access control for staff. As they are fitted to the ceiling, these pendants can clash with the hoist system. This can be fixed by installing two parallel rails running past the pendant, with the end stops installed in front of the pendant to prevent clashes. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the patient lift pendant market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Patient Lift Pendant Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 6.27%

Market growth 2022-2026

$31.2 million

Market structure

Fragmented

YoY growth (%)

5.74

Regional analysis

North America, Europe, Asia, and the Rest of the World (ROW)

Performing market contribution

North America at 41%

Key consumer countries

US, Canada, Germany, UK, and China

Competitive landscape

Leading companies, Competitive Strategies, Consumer engagement scope

Key companies profiled

AAMED Technologies Inc., Amico Group of Companies, Arjo AB, Atlas Copco AB, DeVilbiss Healthcare GmbH, Draegerwerk AG and Co. KGaA, GF Health Products Inc., Heal Force Biomeditech Holdings Ltd., HILL ROM HOLDINGS Inc., INMED SA, Medline Industries LP, modul technik GmbH, NOVAIR MEDICAL, Savaria Corp., Schonn Medizintechnik GmbH, SKYTRON LLC, Starkstorm Ltd., TLV Healthcare, and Wilhelm Integrated Solutions Pty Ltd.

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.

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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What are the Key Data Covered in this Patient Lift Pendant Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive patient lift pendant market growth during the next five years
  • Precise estimation of the patient lift pendant market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the patient lift pendant industry across North America, Europe, Asia, and the Rest of the World (ROW)
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of patient lift pendant market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
    • 5.2 Comparison by Application
      • Exhibit 26: Chart on Comparison by Application
      • Exhibit 27: Data Table on Comparison by Application
    • 5.3 Intensive care unit - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Intensive care unit - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Intensive care unit - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Intensive care unit - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Intensive care unit - Year-over-year growth 2021-2026 (%)
    • 5.4 Operating rooms - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Operating rooms - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Operating rooms - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Operating rooms - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Operating rooms - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Application
      • Exhibit 36: Market opportunity by Application ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 Asia - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Asia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on Asia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on Asia - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Asia - Year-over-year growth 2021-2026 (%)
    • 7.6 Rest of World (ROW) - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
    • 7.7 US - Market size and forecast 2021-2026
      • Exhibit 58: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.8 Germany - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.9 UK - Market size and forecast 2021-2026
      • Exhibit 66: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.10 China - Market size and forecast 2021-2026
      • Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.11 Canada - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on Canada - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Canada - Year-over-year growth 2021-2026 (%)
    • 7.12 Market opportunity by geography
      • Exhibit 78: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 79: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 80: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 81: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 82: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 83: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 84: Matrix on vendor position and classification
            • 10.3 Amico Group of Companies
              • Exhibit 85: Amico Group of Companies - Overview
              • Exhibit 86: Amico Group of Companies - Product / Service
              • Exhibit 87: Amico Group of Companies - Key offerings
            • 10.4 Arjo AB
              • Exhibit 88: Arjo AB - Overview
              • Exhibit 89: Arjo AB - Business segments
              • Exhibit 90: Arjo AB - Key news
              • Exhibit 91: Arjo AB - Key offerings
              • Exhibit 92: Arjo AB - Segment focus
            • 10.5 Atlas Copco AB
              • Exhibit 93: Atlas Copco AB - Overview
              • Exhibit 94: Atlas Copco AB - Business segments
              • Exhibit 95: Atlas Copco AB - Key news
              • Exhibit 96: Atlas Copco AB - Key offerings
              • Exhibit 97: Atlas Copco AB - Segment focus
            • 10.6 Draegerwerk AG and Co. KGaA
              • Exhibit 98: Draegerwerk AG and Co. KGaA - Overview
              • Exhibit 99: Draegerwerk AG and Co. KGaA - Business segments
              • Exhibit 100: Draegerwerk AG and Co. KGaA - Key offerings
              • Exhibit 101: Draegerwerk AG and Co. KGaA - Segment focus
            • 10.7 HILL ROM HOLDINGS Inc.
              • Exhibit 102: HILL ROM HOLDINGS Inc. - Overview
              • Exhibit 103: HILL ROM HOLDINGS Inc. - Business segments
              • Exhibit 104: HILL ROM HOLDINGS Inc. - Key news
              • Exhibit 105: HILL ROM HOLDINGS Inc. - Key offerings
              • Exhibit 106: HILL ROM HOLDINGS Inc. - Segment focus
            • 10.8 INMED SA
              • Exhibit 107: INMED SA - Overview
              • Exhibit 108: INMED SA - Product / Service
              • Exhibit 109: INMED SA - Key news
              • Exhibit 110: INMED SA - Key offerings
            • 10.9 Medline Industries LP
              • Exhibit 111: Medline Industries LP - Overview
              • Exhibit 112: Medline Industries LP - Product / Service
              • Exhibit 113: Medline Industries LP - Key offerings
            • 10.10 NOVAIR MEDICAL
              • Exhibit 114: NOVAIR MEDICAL - Overview
              • Exhibit 115: NOVAIR MEDICAL - Product / Service
              • Exhibit 116: NOVAIR MEDICAL - Key offerings
            • 10.11 Schonn Medizintechnik GmbH
              • Exhibit 117: Schonn Medizintechnik GmbH - Overview
              • Exhibit 118: Schonn Medizintechnik GmbH - Product / Service
              • Exhibit 119: Schonn Medizintechnik GmbH - Key offerings
            • 10.12 Wilhelm Integrated Solutions Pty Ltd.
              • Exhibit 120: Wilhelm Integrated Solutions Pty Ltd. - Overview
              • Exhibit 121: Wilhelm Integrated Solutions Pty Ltd. - Product / Service
              • Exhibit 122: Wilhelm Integrated Solutions Pty Ltd. - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 123: Inclusions checklist
                • Exhibit 124: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 125: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 126: Research methodology
                • Exhibit 127: Validation techniques employed for market sizing
                • Exhibit 128: Information sources
              • 11.5 List of abbreviations
                • Exhibit 129: List of abbreviations

              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.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
              Interested in this report?
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              Patient Lift Pendant market growth will increase by $28.82 million during 2020-2025.
              The patient lift pendant market is expected to grow at a CAGR of 6.12% during 2020-2025.
              Technavio has segmented the patient lift pendant market by application (Intensive care unit and Operating rooms) and geographic (North America, Europe, Asia, and ROW).
              Amico Group of Companies, Arjo AB, Atlas Copco AB, Dragerwerk AG and Co. KGaA, INMED Karczewscy Sp. z o.o. Sp. k., Medline Industries Inc., NOVAIR MEDICAL, Pneumatech MGS, Schonn Medizintechnik GmbH, Wilhelm are a few of the key vendors in the patient lift pendant market.
              North America will register the highest growth rate of 41.50% among the other regions. Therefore, the patient lift pendant market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the patient lift pendant market growth are:
              • Growing prevalence of disabilities
              The patient lift pendant market vendors should focus on grabbing business opportunities from the intensive care unit segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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