The Global Patient Mechanical Lift Handling Equipment Market Growth Accelerated By Increased Focus On Patient Safety
The Global Patient Mechanical Lift Handling Equipment Market Growth Accelerated By Increased Focus On Patient Safety
The global Patient Mechanical Lift Handling Equipment Market is estimated to be valued at Us$ 1,843.8 Mn in 2023 and is expected to exhibit a CAGR Of 7.9% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.

 Patient mechanical lift handling equipment are designed for safer lifting and transfer of patients within healthcare facilities. These equipment helps caretakers and healthcare providers in moving patients safely from beds to wheelchairs and vice versa. They reduce risks of injury to both patients and caretakers by eliminating the need for manual lifting. The increasing focus on patient safety along with implementation of regulatory standards regarding safe patient handling are raising demands for such technologically advanced patient mechanical lift handling equipment.

 

The global Patient Mechanical Lift Handling Equipment Market is estimated to be valued at Us$ 1,843.8 Mn in 2023 and is expected to exhibit a CAGR Of 7.9% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.

 

Market key trends:

 

The growing focus on patient safety remains one of the key trends fueling the demand for patient mechanical lift handling equipment. Frequent lifts and movements put tremendous stress on the caretakers' back and increase risks of musculoskeletal injuries. Moreover, manual lifting can also harm frail and less mobile patients. Therefore, healthcare organizations are increasingly adopting motorized lift equipment and slings for safer transfer of patients. Regulatory standards such as California Hospital Patient and Resident Safety Act and Hospital Accreditation Standards by The Joint Commission are also accelerating the demand. Furthermore, rising geriatric population prone to disabilities and chronic diseases will continue raising the need for patient lifts and lifting equipment for safer transfer in the upcoming years.

 

Segment Analysis

 

The global patient mechanical lift handling equipment market is dominated by the ceiling lifts segment. Ceiling lifts are primarily installed above the patient's bed or wheelchair and help in lifting, transferring, and repositioning of patients safely. They are gaining popularity as they reduce manual handling needs and risks of musculoskeletal injuries to caregivers compared to other patient lifts. They provide a safer, stress-free, and dignified experience to patients during handling. Ceiling lifts can lift weights of up to 450 pounds and are easy to operate through remote controls or pendant controls. Their high installation and often permanent setup also make them suitable for institutions with high patient volumes.

 

Key Takeaways

 

Regional analysis:

 

North America dominated the global market in 2023 and is expected to continue its dominance during the forecast period. The presence of advanced healthcare infrastructure, rising healthcare spending, growing elderly population, and stringent regulations regarding patient safety in lifting are boosting the adoption of patient mechanical lift handling equipment in the region. Asia Pacific is anticipated to witness the highest growth during the forecast period supported by growing medical tourism, healthcare infrastructure development, and increasing investments by key players in emerging countries.

 

Key players:

 

Key players operating in the patient mechanical lift handling equipment market are ARJO, Etac AB, Medline Industries Inc., Guldmann Inc., Sunrise Medical Inc., Stryker Corporation, Winncare Group (Mangar Health), Joerns Healthcare Inc., Invacare Corporation, Baxter (Hill Rom Holding Inc.), Gainsborough Healthcare Group, and Savaria Corporation (Handicare Group AB), among others. ARJO and Invacare Corporation hold a significant share of the market. ARJO specializes in products and solutions that enhance safety, improve patient flow, and optimize efficiency in healthcare environments. Invacare Corporation provides non-acute care medical equipment including mechanical patient lifts, ceiling lifts, and slings to assist patients' mobility and daily living activities.

 

The global patient mechanical lift handling equipment market is expected to witness high growth during the forecast period. Technological advancements in patient lift designs, growing emphasis on workplace safety, rising adoption of home healthcare services, and increasing elderly population are fueling market expansion. Integrating lifts with technologies such as artificial intelligence and IoT sensors is opening new avenues. Key players are focusing on portfolio expansion, strengthening distribution networks, and penetrating emerging markets which will further accelerate revenue growth in coming years. Regulatory approvals for new patient lift models are also supporting companies to address unmet needs and strengthen their market position. However, high costs of lifts and economic slowdowns due to pandemic may retrain market growth to some extent.

 

 

Get more insights on this topic :

 

https://www.ukwebwire.com/patient-mechanical-lift-handling-equipment-market-is-expected-to-be-flourished-by-growing-geriatric-population/

What's your reaction?

Comments

https://www.timessquarereporter.com/assets/images/user-avatar-s.jpg

0 comment

Write the first comment for this!

Facebook Conversations