Patient Lifting Devices Market by Product and Geography - Global Forecast and Analysis 2019-2023

The global patient lifting devices market has the potential to grow by USD 717.42 million during 2019-2023. The growth momentum will accelerate throughout the forecast period, and the market will grow at a CAGR of nearly 8%.

Increasing prevalence of disabilities is one of the major factors driving market growth. The US, Germany, and Japan are currently the major markets for patient lifting devices.

Patient Lifting Devices Market Report - Key Insights

Scope of the Report

The report provides a detailed analysis of the market by product and geography. Also, the report analyzes the market’s competitive landscape and offers information on several market vendors.

Browse TOC and LoE with selected illustrations and example pages from patient lifting equipment market report

Request a FREE sample now!

Market Segmentation

Patient Lifting Equipment Market by Product

• Lifting systems
• Lifting slings and accessories

Patient Lifting Equipment Market by Region

• Asia
• Europe
• North America
• ROW

Market Competitive Analysis

The patient lifting equipment market is fragmented, and the degree of fragmentation will decrease during the forecast period. Vendors are showcasing their products at scientific conferences and medical exhibitions to attract new customers. Vendors are also expanding their business in many untapped regions to increase their patient lifting equipment market share. Arjo AB, Colfax Corp., and Drive DeVilbiss Healthcare are some of the major market participants. Though the accelerating growth momentum will offer immense growth opportunities, high-costs associated with patient lifting systems and slings will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The report provides information on the production, sustainability, and prospects of several companies, including:

• Arjo AB
• Colfax Corp.
• Drive DeVilbiss Healthcare
• Etac AB
• GF Health Products, Inc.
• Handicare Group AB
• Hill-Rom Holdings Inc.
• Invacare Corp.
• Medline Industries Inc.
• V. Guldmann AS

Patient Lifting Devices Market: Key Drivers and Trends

There is an increasing prevalence of diseases such as osteoarthritis, osteoporosis, chronic wounds, and obesity. Moreover, there is also a growing prevalence of diabetes that is leading to limb amputation. These factors will lead to disabilities among people, and there is a rising prevalence of mobility disability across the globe. This will subsequently drive the need for patient lifting devices. With the rising demand, vendors are also focusing on introducing technologically advanced products. This will, in turn, help them expand their products portfolio and increase sales.

• The growing demand for safe patient lifting and handling is prompting vendors to enter new regions to boost their market share.
• Companies are adopting business strategies such as M&As, distribution partnerships, and enhanced customer care to increase their sales as well as to expand their business.
• They are also focusing on improving their in-house capabilities to cater to the growing demand from local healthcare providers.
• As a result of such factors, the patient lifting equipment market will register a CAGR of nearly 8% during 2019-2023.

Patient Lifting Devices Market: Segmentation by Region

For more insights on the market share of various regions Request for a FREE sample now!

The rising prevalence of diabetes and the high rate of amputation procedures have increased the demand for patient lifting devices in North America. Several public and private organizations are creating awareness about the adoption of patient lifting devices through various campaigns. These factors drive the growth of the patient lifting devices market size in North America.

During the forecast period, more than 44% of the overall market growth will originate from North America. However, the market growth in this region will be slower than the growth of the market in Asia.

Patient Lifting Devices Market: Segmentation by Product

Request for a FREE sample and Get more information on the market contribution from various product segments

Vendors are making significant investments in developing innovative patient lifting systems with added features such as alarm and visual indicator to increase the safety and convenience of patients. Vendors are also developing patient lifts specifically for patients who are obese. Such product innovations are positively influencing market growth.

As a result, the patient lifting equipment market size will steadily increase in the lifting systems segment during the forecast period. Market growth in this segment will be faster than the growth of the market in lifting slings and accessories segment.

Patient Lifting Devices Market: Key Highlights of the Report

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will accelerate the growth of the market during the next five years
• Precise estimation of the global patient lifting equipment market size and its contribution to the parent market
• Accurate patient lifting equipment market forecast on upcoming trends and changes in consumer behavior
• The growth of the patient lifting equipment industry across Asia, Europe, North America, 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 lifting equipment market companies

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