Patient Mechanical Lift Handling Equipment Market, By Product (Bath Patient Lifters, Floor-based Lifts, Overhead/Ceiling Lifts, Powered Sit-To-Stand Lifts, Stand-up and Raising Lifts, and Other Products), By End User (Hospitals, Home Healthcare, and Other End Users), and By Geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)

Published In : Apr 2023

Code : CMI5629

Pages :162

Formats :

Excel and PDF

Industry : Medical Devices

Patient Mechanical Lift Handling Equipment MarketSize and Trends

The global patient mechanical lift handling equipment market was valued at US$ 1,716.7 Mn in 2022 and is forecast to reach a value of US$ 3,140.6 Mn by 2030 at a CAGR of 7.9% between 2023 and 2030. The global patient mechanical lift handling equipment market is experiencing strong growth due to the rise in prevalence of chronic diseases and growing geriatric population around the world. Moreover, rise in demand for patient mechanical lift handling equipment and stringent safety regulations/guidelines by government organizations is expected to boost the growth of the market. However, factors such as high costs of the equipment and massive storage requirement are expected to hamper the growth of the market.

Figure 1. Global Patient Mechanical Lift Handling Equipment Market Share (%), by Region, 2023

Global Patient Mechanical Lift Handling Equipment Market Trends:

High demand for overhead/ceiling lifts is a recent trend

Overhead/ceiling lift applies mechanical force to assist in transferring or repositioning the patient. The system allows hospital staff to safely mobilize the patient earlier by carefully lifting them into and out of bed with minimal effort and help mitigate complications from immobility. These types of lifts are important for nurses, for whom lift-strain injuries are quite common. Overhead/ceiling lifts are expected to remain very popular during the forecast period, and this trend is expected to continue over the forecast period, driving the market growth.

Introduction of novel devices/lifts is another trend

Players in the market are focusing on developing or launching novel patient handling equipment in the market. Over the years, novel mechanical devices have been developed to assist in patient-handling tasks, and there is a concentrated effort to move toward a "no manual lift" environment. People need more lifting equipment as they move patients between locations for medical reasons and for other purposes, and R&D is needed to make them more efficient and safer than ever. This trend is also expected to continue over the forecast period.