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Patient Lifting Devices Market Analysis North America, Europe, Asia, Rest of World (ROW) - US, Canada, Germany, UK, China - Size and Forecast 2024-2028

Patient Lifting Devices Market Analysis North America, Europe, Asia, Rest of World (ROW) - US, Canada, Germany, UK, China - Size and Forecast 2024-2028

Published: Dec 2023 99 Pages SKU: IRTNTR76748

Market Overview at a Glance

$3.17 B
Market Opportunity
12.57%
CAGR
11.42
YoY growth 2023-2024(%)

Patient Lifting Devices Market Size 2024-2028

The patient lifting devices market size is forecast to increase by USD 3.17 billion, at a CAGR of 12.57% between 2023 and 2028.

  • The market is driven by the growing trend towards home healthcare services, as an increasing number of patients prefer the comfort and convenience of receiving care in their own homes. This shift is leading to a heightened demand for patient lifting devices, which enable caregivers to safely transfer patients between surfaces while minimizing the risk of injury. However, the market faces challenges as well. Regulatory bodies are increasingly implementing regulations to minimize manual patient handling, driving the adoption of assistive devices. Yet, the lack of adequately trained caretakers for patient handling remains a significant obstacle. This skills gap can hinder the market's growth potential, as improper use of lifting devices can lead to accidents and further complications.
  • Companies in this market must address these challenges by investing in training programs and collaborating with healthcare organizations to ensure that caregivers are well-equipped to use patient lifting devices effectively. By doing so, they can capitalize on the opportunities presented by the growing home healthcare sector while mitigating potential risks.

What will be the Size of the Patient Lifting Devices Market during the forecast period?

Patient Lifting Devices Market Size

Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.  
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The market continues to evolve, driven by the growing demand for mobility assistive solutions across various sectors. Hydraulic lift mechanisms serve as the foundation for many patient lifting devices, providing the necessary power and functionality. Patient lift slings, available in various material specifications, enable safe and efficient transfers, contributing to pressure ulcer prevention. Bariatric patient lifts, specifically designed for obese or overweight individuals, are gaining popularity due to their increased weight capacity. Safety features, such as emergency lowering systems and emergency stop functions, are integral components of these devices, ensuring user safety. Lift system certifications and adherence to safety protocols are essential for market compliance.

Lift maintenance schedules and proper usage are crucial for the longevity and effectiveness of these devices. Applications extend to bed-to-chair transfers, floor-mounted hoist systems, and ceiling hoist systems, among others. Power source requirements, including electric lift technology and battery life indicators, also play a significant role in the market's dynamics. Portable patient lifts offer added flexibility for caregivers, while vertical patient lifts facilitate transfers between levels. Patient positioning aids and transfer techniques further enhance the overall functionality of these devices. The market's continuous growth is fueled by the ongoing need to improve patient care and safety, as well as advancements in technology and design.

How is this Patient Lifting Devices Industry segmented?

The patient lifting devices industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

  • Product
    • Powered sit to stand lift
    • Floor based lifts
    • Overhead/ceiling lifts
    • Others
  • End-user
    • Hospitals
    • Homecare
    • Elderly care facilities
  • Geography
    • North America
      • US
      • Canada
    • Europe
      • Germany
      • UK
    • APAC
      • China
    • Rest of World (ROW)

By Product Insights

The powered sit to stand lift segment is estimated to witness significant growth during the forecast period.

Powered sit-to-stand lifts have become essential equipment in healthcare settings and homes, catering to patients with limited mobility who require assistance in rising from a seated position. These lifts, featuring a seat and base, employ hydraulic or electric power to facilitate the user's standing process. The advantages of powered sit-to-stand lifts are manifold: they promote independence, enhance mobility, and reduce caregiver injury risks. The market growth is influenced by the increasing bariatric and geriatric populations, as well as the rise in musculoskeletal injuries. The market for these lifts encompasses various components, including low-height transfer systems, emergency lowering mechanisms, hoist system components, and patient lift slings.

Lifting device ergonomics and safety features, such as emergency stop functions and lift control mechanisms, are crucial considerations. Mobility assistive devices, like ceiling hoist systems and mobile lift bases, are integral to the market. Ergonomic patient positioning aids and pressure ulcer prevention measures are essential features in the design of these lifts. Power source requirements, such as batteries, are essential for portable patient lifts and vertical patient lifts. Transfer safety protocols and wheelchair accessibility are also essential aspects of the market. Bariatric patient lifts, with their increased weight capacity ratings and sling capacity limits, cater to the unique needs of this population.

Sling material specifications and safety features checklists are essential for ensuring the highest level of patient safety. Lift system certifications and maintenance schedules are also crucial for maintaining the functionality and longevity of the equipment. Electric lift technology, with its efficiency and ease of use, is a growing trend in the market. Patient transfer techniques, utilizing the various types of lifts and accessories, are essential skills for caregivers to master. Overall, the market for patient lifting devices is dynamic and evolving, driven by the growing need for safe and efficient patient handling solutions.

Patient Lifting Devices Market Size

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The Powered sit to stand lift segment was valued at USD 0.77 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 41% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

Patient Lifting Devices Market Share by Geography

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In the market, North America is set to lead due to the increasing adoption of hoist systems and manual patient handling devices. The region's dominance can be attributed to the expanding healthcare infrastructure, growing geriatric population, and the need to prevent caregiver injuries. The demand for low-height transfer systems, emergency lowering mechanisms, and mobility assistive devices is on the rise due to the heightened focus on patient safety and comfort. Ergonomically designed lifting devices, such as powered patient lifts and hydraulic lift mechanisms, are gaining popularity for their ease of use and ability to reduce the risk of injuries.

Safety features, including emergency stop functions and lift control mechanisms, are essential considerations in the selection of patient lifting devices. Pressure ulcer prevention and bariatric patient lifting solutions are crucial for hospitals and long-term care facilities, as they cater to patients with unique requirements. Ceiling hoist systems, floor-mounted hoists, and portable patient lifts offer flexibility in patient transfer techniques, making them indispensable in various care settings. Transfer safety protocols, wheelchair accessibility, and electric lift technology are essential factors driving the market's growth. Weight capacity ratings, sling capacity limits, and battery life indicators are critical specifications for selecting the right patient lifting device.

Regular maintenance schedules ensure the longevity and efficient functioning of these devices. In conclusion, the market is witnessing significant growth due to the increasing demand for safe and efficient patient handling solutions. The market is characterized by the availability of various types of devices, including manual and powered lifting devices, and the focus on enhancing patient safety and caregiver ergonomics.

Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise in the adoption of Patient Lifting Devices Industry?

  • The rising demand for home healthcare services is the primary factor fueling market growth. With an increasing population preferring the convenience and affordability of in-home care, the market for home healthcare services is experiencing significant expansion. 
  • The healthcare sector is witnessing significant growth due to various factors, including an aging population, longer life expectancy, and the increasing prevalence of chronic diseases. As a result, there is a rising demand for patient lifting devices to ensure safe and efficient patient handling in both institutional and home healthcare settings. Manual patient handling, although effective, can lead to ergonomic risks for healthcare providers. In response, the market for patient lifting devices is expanding to include low-height transfer systems, emergency lowering mechanisms, and powered patient lifts.
  • These devices prioritize ergonomics, offering features such as lift control mechanisms, emergency stop functions, and hoist system components to ensure the safety and comfort of both patients and caregivers. The growing preference for home healthcare and the need for cost-effective, efficient, and safe patient handling solutions further fuel the market's growth.

What are the market trends shaping the Patient Lifting Devices Industry?

  • To adhere to industry regulations and enhance patient safety, the trend in the market is shifting towards increasing regulation to minimize manual patient handling. This approach aims to reduce the risk of injury to both patients and healthcare workers.
  • Mobility assistive devices, such as patient lifts, play a crucial role in ensuring the safety and wellbeing of both healthcare workers and patients. These devices, which employ hydraulic lift mechanisms, facilitate the transfer and positioning of patients, reducing the risk of work-related injuries, including back pain and upper limb disorders. The importance of these devices is further emphasized in preventing pressure ulcers and providing adequate support for bariatric patients. When selecting mobility assistive devices, it is essential to consider various factors, including sling material specifications and safety features. Sling materials should be durable, comfortable, and easy to clean, while safety features must meet stringent certifications.
  • These may include load capacity, stability, and ease of use. Employers have a legal obligation to ensure the safety and wellbeing of their staff. Regulatory requirements mandate that healthcare workers undergo competency assessments for safe patient handling and movement devices. The Winnipeg Regional Health Authority (WRHA) Policy 20.20.030, for instance, outlines the commitment of WRHA facilities to implementing comprehensive workplace safety and Health Programs that meet regulatory requirements. In conclusion, mobility assistive devices, such as patient lifts, are essential for maintaining the safety and wellbeing of both patients and healthcare workers. Selecting the right device involves careful consideration of sling material specifications and safety features, all of which must meet stringent certifications.
  • Employers have a legal obligation to ensure their staff are competent in handling these devices, as outlined in regulatory requirements such as the WRHA Policy 20.20.030.

What challenges does the Patient Lifting Devices Industry face during its growth?

  • The insufficient supply of adequately trained caretakers poses a significant challenge to the growth of the patient handling industry. 
  • Patient lifting devices are essential tools in healthcare settings for transferring and positioning patients, particularly those with mobility limitations or bariatric needs. These devices reduce the risks of injuries to both patients and healthcare workers during manual handling. However, the effective use of patient lifting devices requires proper training and adherence to transfer safety protocols. The market for patient lifting devices includes various types of equipment such as floor-mounted hoist systems, mobile lift bases, and ceiling hoist systems. Power source requirements vary between these types, with some relying on batteries and others on electrical outlets. Patient positioning aids are also used in conjunction with lifting devices to ensure proper patient alignment and comfort.
  • Despite the benefits, the shortage of trained personnel to perform bed-to-chair transfers using lateral transfer techniques limits the full utilization of patient lifting devices. Improper use of even advanced devices can lead to injuries for patients and caregivers. Compliance with safety protocols and ongoing lift maintenance schedules are crucial to maximizing the benefits of patient lifting devices and ensuring the safety of all involved.

Exclusive Customer Landscape

The patient lifting devices market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the patient lifting devices market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Patient Lifting Devices Market Share by Geography

 Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, patient lifting devices market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.

Arjo AB - The company specializes in the production and distribution of patient lifting devices, including the Maxi Move, Maxi Twin, and Compact models, catering to various healthcare settings with a focus on enhancing patient safety and caregiver ergonomics.

The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

  • Arjo AB
  • Baxter International Inc.
  • Benmor Medical UK Ltd.
  • Bestcare LLC
  • Enovis Corp.
  • Etac AB
  • Gainsborough Healthcare Group
  • Getinge AB
  • GF Health Products Inc.
  • Hospimek Pte Ltd.
  • Invacare Corp.
  • Joerns Healthcare LLC
  • Medical Depot Inc.
  • Medline Industries LP
  • PRISM Medical Group
  • Savaria Corp.
  • Stryker Corp.
  • Sunrise Medical LLC
  • WINNCARE Group
  • V. Guldmann AS

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Recent Development and News in Patient Lifting Devices Market

  • In January 2024, Hoyer GmbH & Co. KG, a leading provider of patient lifting solutions, announced the launch of its new generation of ceiling track hoists, the Hoyer Invacare Evolution, designed for improved patient safety and comfort. The company claimed that this product, with its advanced features, would cater to the growing demand for assisted living and elderly care services (Source: Hoyer Press Release).
  • In March 2024, Medtronic plc, a global healthcare solutions company, entered into a strategic partnership with Lift & Care Systems, a patient lifting devices manufacturer. This collaboration aimed to integrate Medtronic's patient handling and mobility solutions with Lift & Care's hoist systems, enhancing the overall patient care experience (Source: Medtronic Press Release).
  • In May 2025, Prism Medical, a leading global provider of complex rehabilitation solutions, completed the acquisition of Invacare Corporation's Patient Lifting Business. This acquisition expanded Prism Medical's product portfolio and strengthened its position in the market (Source: Business Wire).
  • In the same month, ArjoHuntleigh, a leading supplier of medical devices, equipment, and solutions for the elderly and disabled, received FDA approval for its new generation of patient lifting devices, the ArjoSafecare Ergo Lift. This approval marked a significant technological advancement in the market, as the device featured advanced ergonomic design and safety features (Source: ArjoHuntleigh Press Release).

Research Analyst Overview

  • The market is subject to stringent compliance regulations and regulatory standards, necessitating continuous system upgrades and user training programs. Lift system troubleshooting and component failure analysis are essential for maintaining mechanical advantages and ensuring safe patient handling. Electronic control panels facilitate performance monitoring and spare part management, while maintenance procedures and logs document hoist motor specifications and maintenance history. Safety harness components, sling attachment points, and pressure relief surfaces are crucial for falls prevention strategies.
  • Risk assessment tools and emergency response plans are integral to implementing effective injury prevention measures. Operator certification and infection control protocols further enhance patient safety and compliance. Regular lift system inspection and adherence to regulatory guidelines are key market trends.

Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Patient Lifting Devices Market insights. See full methodology.

Market Scope

Report Coverage

Details

Page number

99

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 12.57%

Market growth 2024-2028

USD 3.17 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

11.42

Key countries

US, Canada, Germany, UK, and China

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

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What are the Key Data Covered in this Patient Lifting Devices Market Research and Growth Report?

  • CAGR of the Patient Lifting Devices industry during the forecast period
  • Detailed information on factors that will drive the growth and forecasting between 2024 and 2028
  • Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
  • Accurate predictions about upcoming growth and trends and changes in consumer behaviour
  • Growth of the market across North America, Europe, Asia, and Rest of World (ROW)
  • Thorough analysis of the market's competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the patient lifting devices market growth of industry companies

We can help! Our analysts can customize this patient lifting devices market research report to meet your requirements.

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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 Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global patient lifting devices market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global patient lifting devices market 2018 - 2022 ($ billion)
    • 4.2 Product Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Product Segment 2018 - 2022 ($ billion)
    • 4.3 End-user Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – End-user Segment 2018 - 2022 ($ billion)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 30: Chart on Product - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Product - Market share 2023-2028 (%)
    • 6.2 Comparison by Product
      • Exhibit 32: Chart on Comparison by Product
      • Exhibit 33: Data Table on Comparison by Product
    • 6.3 Powered sit to stand lift - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Powered sit to stand lift - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Data Table on Powered sit to stand lift - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 36: Chart on Powered sit to stand lift - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Powered sit to stand lift - Year-over-year growth 2023-2028 (%)
    • 6.4 Floor based lifts - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Floor based lifts - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Data Table on Floor based lifts - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 40: Chart on Floor based lifts - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Floor based lifts - Year-over-year growth 2023-2028 (%)
    • 6.5 Overhead/ceiling lifts - Market size and forecast 2023-2028
      • Exhibit 42: Chart on Overhead/ceiling lifts - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 43: Data Table on Overhead/ceiling lifts - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 44: Chart on Overhead/ceiling lifts - Year-over-year growth 2023-2028 (%)
      • Exhibit 45: Data Table on Overhead/ceiling lifts - Year-over-year growth 2023-2028 (%)
    • 6.6 Others - Market size and forecast 2023-2028
      • Exhibit 46: Chart on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 47: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 48: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 49: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 6.7 Market opportunity by Product
      • Exhibit 50: Market opportunity by Product ($ billion)
      • Exhibit 51: Data Table on Market opportunity by Product ($ billion)

    7 Market Segmentation by End-user

    • 7.1 Market segments
      • Exhibit 52: Chart on End-user - Market share 2023-2028 (%)
      • Exhibit 53: Data Table on End-user - Market share 2023-2028 (%)
    • 7.2 Comparison by End-user
      • Exhibit 54: Chart on Comparison by End-user
      • Exhibit 55: Data Table on Comparison by End-user
    • 7.3 Hospitals - Market size and forecast 2023-2028
      • Exhibit 56: Chart on Hospitals - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 57: Data Table on Hospitals - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 58: Chart on Hospitals - Year-over-year growth 2023-2028 (%)
      • Exhibit 59: Data Table on Hospitals - Year-over-year growth 2023-2028 (%)
    • 7.4 Homecare - Market size and forecast 2023-2028
      • Exhibit 60: Chart on Homecare - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 61: Data Table on Homecare - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 62: Chart on Homecare - Year-over-year growth 2023-2028 (%)
      • Exhibit 63: Data Table on Homecare - Year-over-year growth 2023-2028 (%)
    • 7.5 Elderly care facilities - Market size and forecast 2023-2028
      • Exhibit 64: Chart on Elderly care facilities - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 65: Data Table on Elderly care facilities - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 66: Chart on Elderly care facilities - Year-over-year growth 2023-2028 (%)
      • Exhibit 67: Data Table on Elderly care facilities - Year-over-year growth 2023-2028 (%)
    • 7.6 Market opportunity by End-user
      • Exhibit 68: Market opportunity by End-user ($ billion)
      • Exhibit 69: Data Table on Market opportunity by End-user ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 71: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 72: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 73: Chart on Geographic comparison
      • Exhibit 74: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2023-2028
      • Exhibit 75: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 76: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 77: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.4 Europe - Market size and forecast 2023-2028
      • Exhibit 79: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 80: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 81: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.5 Asia - Market size and forecast 2023-2028
      • Exhibit 83: Chart on Asia - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 84: Data Table on Asia - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 85: Chart on Asia - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on Asia - Year-over-year growth 2023-2028 (%)
    • 9.6 Rest of World (ROW) - Market size and forecast 2023-2028
      • Exhibit 87: Chart on Rest of World (ROW) - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Data Table on Rest of World (ROW) - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 89: Chart on Rest of World (ROW) - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on Rest of World (ROW) - Year-over-year growth 2023-2028 (%)
    • 9.7 US - Market size and forecast 2023-2028
      • Exhibit 91: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.8 Germany - Market size and forecast 2023-2028
      • Exhibit 95: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.9 China - Market size and forecast 2023-2028
      • Exhibit 99: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.10 Canada - Market size and forecast 2023-2028
      • Exhibit 103: Chart on Canada - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 104: Data Table on Canada - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 105: Chart on Canada - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on Canada - Year-over-year growth 2023-2028 (%)
    • 9.11 UK - Market size and forecast 2023-2028
      • Exhibit 107: Chart on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 108: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 109: Chart on UK - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on UK - Year-over-year growth 2023-2028 (%)
    • 9.12 Market opportunity by geography
      • Exhibit 111: Market opportunity by geography ($ billion)
      • Exhibit 112: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 113: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 115: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 116: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 117: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 118: Matrix on vendor position and classification
            • 12.3 Arjo AB
              • Exhibit 119: Arjo AB - Overview
              • Exhibit 120: Arjo AB - Business segments
              • Exhibit 121: Arjo AB - Key news
              • Exhibit 122: Arjo AB - Key offerings
              • Exhibit 123: Arjo AB - Segment focus
            • 12.4 Baxter International Inc.
              • Exhibit 124: Baxter International Inc. - Overview
              • Exhibit 125: Baxter International Inc. - Business segments
              • Exhibit 126: Baxter International Inc. - Key news
              • Exhibit 127: Baxter International Inc. - Key offerings
              • Exhibit 128: Baxter International Inc. - Segment focus
            • 12.5 Bestcare LLC
              • Exhibit 129: Bestcare LLC - Overview
              • Exhibit 130: Bestcare LLC - Product / Service
              • Exhibit 131: Bestcare LLC - Key offerings
            • 12.6 Enovis Corp.
              • Exhibit 132: Enovis Corp. - Overview
              • Exhibit 133: Enovis Corp. - Business segments
              • Exhibit 134: Enovis Corp. - Key offerings
              • Exhibit 135: Enovis Corp. - Segment focus
            • 12.7 Etac AB
              • Exhibit 136: Etac AB - Overview
              • Exhibit 137: Etac AB - Product / Service
              • Exhibit 138: Etac AB - Key offerings
            • 12.8 Gainsborough Healthcare Group
              • Exhibit 139: Gainsborough Healthcare Group - Overview
              • Exhibit 140: Gainsborough Healthcare Group - Product / Service
              • Exhibit 141: Gainsborough Healthcare Group - Key offerings
            • 12.9 Getinge AB
              • Exhibit 142: Getinge AB - Overview
              • Exhibit 143: Getinge AB - Business segments
              • Exhibit 144: Getinge AB - Key news
              • Exhibit 145: Getinge AB - Key offerings
              • Exhibit 146: Getinge AB - Segment focus
            • 12.10 GF Health Products Inc.
              • Exhibit 147: GF Health Products Inc. - Overview
              • Exhibit 148: GF Health Products Inc. - Product / Service
              • Exhibit 149: GF Health Products Inc. - Key offerings
            • 12.11 Hospimek Pte Ltd.
              • Exhibit 150: Hospimek Pte Ltd. - Overview
              • Exhibit 151: Hospimek Pte Ltd. - Product / Service
              • Exhibit 152: Hospimek Pte Ltd. - Key offerings
            • 12.12 Invacare Corp.
              • Exhibit 153: Invacare Corp. - Overview
              • Exhibit 154: Invacare Corp. - Business segments
              • Exhibit 155: Invacare Corp. - Key news
              • Exhibit 156: Invacare Corp. - Key offerings
              • Exhibit 157: Invacare Corp. - Segment focus
            • 12.13 Joerns Healthcare LLC
              • Exhibit 158: Joerns Healthcare LLC - Overview
              • Exhibit 159: Joerns Healthcare LLC - Product / Service
              • Exhibit 160: Joerns Healthcare LLC - Key offerings
            • 12.14 Medical Depot Inc.
              • Exhibit 161: Medical Depot Inc. - Overview
              • Exhibit 162: Medical Depot Inc. - Product / Service
              • Exhibit 163: Medical Depot Inc. - Key offerings
            • 12.15 Medline Industries LP
              • Exhibit 164: Medline Industries LP - Overview
              • Exhibit 165: Medline Industries LP - Product / Service
              • Exhibit 166: Medline Industries LP - Key offerings
            • 12.16 PRISM Medical Group
              • Exhibit 167: PRISM Medical Group - Overview
              • Exhibit 168: PRISM Medical Group - Product / Service
              • Exhibit 169: PRISM Medical Group - Key offerings
            • 12.17 V. Guldmann AS
              • Exhibit 170: V. Guldmann AS - Overview
              • Exhibit 171: V. Guldmann AS - Product / Service
              • Exhibit 172: V. Guldmann AS - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 173: Inclusions checklist
                • Exhibit 174: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 175: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 176: Research methodology
                • Exhibit 177: Validation techniques employed for market sizing
                • Exhibit 178: Information sources
              • 13.5 List of abbreviations
                • Exhibit 179: List of abbreviations

              Research Methodology

              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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              Frequently Asked Questions

              Patient Lifting Devices market growth will increase by $ 3.17 bn during 2024-2028.

              The Patient Lifting Devices market is expected to grow at a CAGR of 12.57% during 2024-2028.

              Patient Lifting Devices market is segmented by Product( Powered sit to stand lift, Floor based lifts, Overhead/ceiling lifts, Others) End-user( Hospitals, Homecare, Elderly care facilities)

              Arjo AB, Baxter International Inc., Benmor Medical UK Ltd., Bestcare LLC, Enovis Corp., Etac AB, Gainsborough Healthcare Group, Getinge AB, GF Health Products Inc., Hospimek Pte Ltd., Invacare Corp., Joerns Healthcare LLC, Medical Depot Inc., Medline Industries LP, PRISM Medical Group, Savaria Corp., Stryker Corp., Sunrise Medical LLC, WINNCARE Group, V. Guldmann AS are a few of the key vendors in the Patient Lifting Devices market.

              North America will register the highest growth rate of 41% among the other regions. Therefore, the Patient Lifting Devices market in North America is expected to garner significant business opportunities for the vendors during the forecast period.

              US, Canada, Germany, UK, China

              • Increasing prevalence of home healthcare servicesThe demand for healthcare products and services by patients and healthcare providers is expected to continue growing because of various factors is the driving factor this market.
              • including longer life expectancy is the driving factor this market.
              • the growing aging population is the driving factor this market.
              • and the increasing cases of chronic diseases across hospitals is the driving factor this market.
              • extended care facilities (viz. healthcare institutions for patients requiring long-term custodial medical care is the driving factor this market.
              • especially for prolonged rehabilitation or chronic disease) is the driving factor this market.
              • and homes. The demand for home healthcare is increasing owing to several reasons is the driving factor this market.
              • such as the preference for recovering at home rather than in the hospital is the driving factor this market.
              • especially among older people is the driving factor this market.
              • lower costs is the driving factor this market.
              • and better follow-up treatment in the case of chronic illnesses. Patients who receive care in their preferred setting are more likely to continue treatment and checkups by adhering to care management plans is the driving factor this market.
              • thereby improving their health and avoiding the cost of readmission. However is the driving factor this market.
              • healthcare providers are under continuous pressure to improve the efficiency of treatment as well as control costs. Home healthcare services improve outcomes and patient experiences at a lower cost by supporting better follow-up treatments and enabling patients to recover in the comfort of their homes. Home healthcare plays an important role in treating the elderly and in the management of chronic diseases. The rise in the number of patients demanding home healthcare implies the need for caregivers at home to safely handle patients is the driving factor this market.
              • thereby driving the demand for patient lifting devices is the driving factor this market.
              • which provide safe is the driving factor this market.
              • effective is the driving factor this market.
              • and comfortable transfer of patients. Hence is the driving factor this market.
              • the growing number of home care agencies reflects the high demand for home care settings. Therefore is the driving factor this market.
              • such factors propel the growth of the global patient lifting devices market during the forecast period. is the driving factor this market.

              The Patient Lifting Devices market vendors should focus on grabbing business opportunities from the Powered sit to stand lift segment as it accounted for the largest market share in the base year.
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