Patient Lift Pendant Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Mar 2021
  • Pages: 120
  • SKU: IRTNTR70418

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The patient lift pendant market has the potential to grow by USD 28.82 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 6.12%.

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 market segmentation by application (intensive care unit and operating rooms) and geography (North America, Europe, Asia, and ROW). The report also offers information on several market vendors, including Amico Group of Companies, Arjo AB, Atlas Copco AB, and Dragerwerk AG and Co., among others.

What will the Patient Lift Pendant Market Size be in 2021?

Patient-Lift-Pendant-Market-Market-Size-2020-2025

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Patient Lift Pendant Market: Key Drivers and Trends

The growing prevalence of disabilities is notably driving the patient lift pendant market growth, although factors such as high capital requirements may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the patient lift pendant industry get your FREE report sample now.

  • The prevalence of diseases and conditions such as osteoarthritis, osteoporosis, fractures, chronic wounds, stroke, paralysis, diabetes, and obesity is increasing.
  • The conditions often lead to disabilities, such as mobility impairments.
  • As patients that undergo amputation require patient lift pendants, a rise in the number of people with disabilities and mobility issues, owing to diabetes or other factors, is expected to drive the demand for patient lift pendants during the forecast period.
  • The increasing number of healthcare establishments is one of the key patient lift pendant market trends.
  • The global patient lift pendant market is mainly driven by the increasing number of healthcare professionals, clinics, hospitals, and other healthcare centers.
  • With the rising number of these healthcare facilities, the demand for patient lift pendants also increases.
  • The increasing number of hospitals will increase the demand for patient lift pendants in intensive care units and operating rooms. 

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. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

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:

 

  • 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

 

The patient lift pendant market is fragmented and the vendors are deploying growth strategies such as product differentiation to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from 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.

Download a free sample of the patient lift pendant market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Patient Lift Pendant Market?

Patient-Lift-Pendant-Market-Market-Share-by-Region-2020-2025

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42% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for patient lift pendant in North America. Market growth in this region will be slower than the growth of the market in Asia.

The rising prevalence of chronic diseases, the strong presence of key players, the growing number of awareness programs regarding safe patient handling, and the high healthcare expenditure will facilitate the patient lift pendant market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

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

Patient-Lift-Pendant-Market-Market-Share-by-Application-2020-2025

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

 

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

  • CAGR of the market during the forecast period 2021-2025
  • 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 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

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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

  • 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

DATA 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

REPORT WRITING

Qualitative

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

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The 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.
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