Patient Lift Systems Market Report 2031 | The Insight Partners
The Patient Lift Systems Market is expected to register a CAGR of 6.3% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Type (Full Body Mobile Lifts, Sit-To-Stand Mobile Lifts, Bariatric Mobile Lifts); End Users (Hospitals, Home Care Settings) . The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Patient Lift Systems Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Patient Lift Systems Market Segmentation
Type- Full Body Mobile Lifts
- Sit-To-Stand Mobile Lifts
- Bariatric Mobile Lifts
- Hospitals
- Home Care Settings
Strategic Insights
Patient Lift Systems Market Growth Drivers- Aging Population and Elderly Care Demand: The surging elderly population in every part of the globe remains one of the most influential factors when it comes to the increases in the market for patient lift systems. This is because in most cases, the aged population tends to have some form of mobility assistance incapacity and therefore they need help in performing certain basic daily functions. This imposes a need and often a high requirement for patient lifters. Such setups minimize the dangers posed to patients and optimize performance by the caregivers, thus offering an essential component in nursing homes, hospitals, and even care at home services.
- Increase in Chronic Diseases and Disabilities: The growing incidence of widespread ailments such as arthritic conditions, muscle structural abnormalities, and sicknesses relating to the nervous system is enhancing the demand for patient lifting system. The above conditions may cause a patient to have some immobility and patient lifts are as offered to help transfer and position these patients to avoid any falls or injuries caused to either the patient or the caregivers which in turn boosts the growth of the market further.
- Aging Population and Elderly Care Demand: With more and more healthcare facilities concentrating on delivering better and safer services to patients, the law is providing the necessary patient lift systems due to certain standards. This is because they help aid in reducing the injuries that caregivers may suffer and also the cases of fall patients may experience. When facilities such as hospitals and nursing homes, which traditionally offered basic healthcare, are improved, advanced lift systems are incorporated into the designs in order to comply with safety regulations.
- Integration of Smart Technology: It is also important to note the improvement of technology in patient lifting systems. The fitting of motion sensors and real-time data tracking systems and further automating the system has been made possible. Safety enhancement is in that such systems can monitor the movements of the patients and alert the caregivers whenever there is some threat or dangerous situation. The collection of such information, particularly when combined with a hospital management system, makes such lifts very critical in today’s healthcare facilities.
- Portable and Compact Lift Solutions: There is a growing need for patient lift systems that are portable and particularly compact for use in home care. These lifts are light and easy to carry about and allow the health worker to move about with the patient between places such as from the bed to a chair or to the toilet. This development is in line with the growing preference for home care, especially for aged persons who have trouble in mobility.
- Focus on Ergonomic Design and Comfort: The demand for patient lifting devices is on the rise due to the need for better ergonomics, both for the user and the patient. Contoured slings, padded support and simple to use control systems are some of the design features that are now commonplace. This also makes it possible to ensure that the patient being moved is not in excruciating pain and that the bodies of caregivers are not endangered, during the relocation activities.
- Expansion of Home Healthcare Services: The increasing preference for homecare is clearly symptomatic of the growth curve that the patient lift systems market is poised to follow. As such, with a higher proportion of care being catered to the patients at home, there is a need for more compact, economical and ease of use patient lifts. In this regard, it presents a unique opportunity for the manufacturers to design patients’ lift solutions which can be used in homes without affecting their movement and security.
- Rising Awareness of Caregiver Safety: However, since healthcare workers are at a greater risk of being injured due to fashioning of manual hoisting, there has been an increase in the demand for proper lifting and transport devices for patients. Such systems are being implemented in hospitals and care settings as a means of minimizing work related injuries, lowering the overall costs of the healthcare system and enhancing the wellbeing of the personnel. This phenomenon highlights the need to come up with new lift systems that will not only take care of the patients but also look into the safety of the caregivers.
- Technological Advancements in Robotics: With the inclusion of robotic devices in a system of lifting patients, there is a huge change as well. Lifts that are robotic assisted could be put to greater control and let more automated functioning which leads to more comfortable transfers with less physical effort. This is an improvement that not only glorifies the medical attention given to a patient but also helps in relieving the physical burden of the caregiver’s labor and that is why robotic lifts for patients will be embraced rapidly in the medical sector as well as in homecare market.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Patient Lift Systems Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Patient Lift Systems Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Full Body Mobile Lifts segment accounts for highest revenue in type segment in 2023
Arjo, Drive DeVilbiss International, GF HEALTH PRODUCTS, INC, Guldmann, Handicare, Hill-Rom Services, Inc, Invacare Corporation, Joerns Healthcare LLC, Medline Industries, Inc, Prism Medical UK are some of the major market players operating in the market
Asia Pacific region dominated the patient lift systems market in 2023
North America region dominated the patient lift systems market in 2023
The Patient Lift Systems Market is estimated to witness a CAGR of 6.3% from 2023 to 2031
The major factors driving the patient lift systems market are:
1.Aging Population and Elderly Care Demand
2. Increase in Chronic Diseases and Disabilities
3.Healthcare Facility Upgrades and Safety Regulations
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Patient Lift Systems Market - By Type
1.3.2 Patient Lift Systems Market - By End Users
1.3.3 Patient Lift Systems Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PATIENT LIFT SYSTEMS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. PATIENT LIFT SYSTEMS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. PATIENT LIFT SYSTEMS MARKET - GLOBAL MARKET ANALYSIS
6.1. PATIENT LIFT SYSTEMS - GLOBAL MARKET OVERVIEW
6.2. PATIENT LIFT SYSTEMS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. PATIENT LIFT SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. FULL BODY MOBILE LIFTS
7.3.1. Overview
7.3.2. Full Body Mobile Lifts Market Forecast and Analysis
7.4. SIT-TO-STAND MOBILE LIFTS
7.4.1. Overview
7.4.2. Sit-To-Stand Mobile Lifts Market Forecast and Analysis
7.5. BARIATRIC MOBILE LIFTS
7.5.1. Overview
7.5.2. Bariatric Mobile Lifts Market Forecast and Analysis
8. PATIENT LIFT SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - END USERS
8.1. OVERVIEW
8.2. END USERS MARKET FORECASTS AND ANALYSIS
8.3. HOSPITALS
8.3.1. Overview
8.3.2. Hospitals Market Forecast and Analysis
8.4. HOME CARE SETTINGS
8.4.1. Overview
8.4.2. Home Care Settings Market Forecast and Analysis
9. PATIENT LIFT SYSTEMS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Patient Lift Systems Market Overview
9.1.2 North America Patient Lift Systems Market Forecasts and Analysis
9.1.3 North America Patient Lift Systems Market Forecasts and Analysis - By Type
9.1.4 North America Patient Lift Systems Market Forecasts and Analysis - By End Users
9.1.5 North America Patient Lift Systems Market Forecasts and Analysis - By Countries
9.1.5.1 United States Patient Lift Systems Market
9.1.5.1.1 United States Patient Lift Systems Market by Type
9.1.5.1.2 United States Patient Lift Systems Market by End Users
9.1.5.2 Canada Patient Lift Systems Market
9.1.5.2.1 Canada Patient Lift Systems Market by Type
9.1.5.2.2 Canada Patient Lift Systems Market by End Users
9.1.5.3 Mexico Patient Lift Systems Market
9.1.5.3.1 Mexico Patient Lift Systems Market by Type
9.1.5.3.2 Mexico Patient Lift Systems Market by End Users
9.2. EUROPE
9.2.1 Europe Patient Lift Systems Market Overview
9.2.2 Europe Patient Lift Systems Market Forecasts and Analysis
9.2.3 Europe Patient Lift Systems Market Forecasts and Analysis - By Type
9.2.4 Europe Patient Lift Systems Market Forecasts and Analysis - By End Users
9.2.5 Europe Patient Lift Systems Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Patient Lift Systems Market
9.2.5.1.1 Germany Patient Lift Systems Market by Type
9.2.5.1.2 Germany Patient Lift Systems Market by End Users
9.2.5.2 France Patient Lift Systems Market
9.2.5.2.1 France Patient Lift Systems Market by Type
9.2.5.2.2 France Patient Lift Systems Market by End Users
9.2.5.3 Italy Patient Lift Systems Market
9.2.5.3.1 Italy Patient Lift Systems Market by Type
9.2.5.3.2 Italy Patient Lift Systems Market by End Users
9.2.5.4 Spain Patient Lift Systems Market
9.2.5.4.1 Spain Patient Lift Systems Market by Type
9.2.5.4.2 Spain Patient Lift Systems Market by End Users
9.2.5.5 United Kingdom Patient Lift Systems Market
9.2.5.5.1 United Kingdom Patient Lift Systems Market by Type
9.2.5.5.2 United Kingdom Patient Lift Systems Market by End Users
9.2.5.6 Rest of Europe Patient Lift Systems Market
9.2.5.6.1 Rest of Europe Patient Lift Systems Market by Type
9.2.5.6.2 Rest of Europe Patient Lift Systems Market by End Users
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Patient Lift Systems Market Overview
9.3.2 Asia-Pacific Patient Lift Systems Market Forecasts and Analysis
9.3.3 Asia-Pacific Patient Lift Systems Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Patient Lift Systems Market Forecasts and Analysis - By End Users
9.3.5 Asia-Pacific Patient Lift Systems Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Patient Lift Systems Market
9.3.5.1.1 Australia Patient Lift Systems Market by Type
9.3.5.1.2 Australia Patient Lift Systems Market by End Users
9.3.5.2 China Patient Lift Systems Market
9.3.5.2.1 China Patient Lift Systems Market by Type
9.3.5.2.2 China Patient Lift Systems Market by End Users
9.3.5.3 India Patient Lift Systems Market
9.3.5.3.1 India Patient Lift Systems Market by Type
9.3.5.3.2 India Patient Lift Systems Market by End Users
9.3.5.4 Japan Patient Lift Systems Market
9.3.5.4.1 Japan Patient Lift Systems Market by Type
9.3.5.4.2 Japan Patient Lift Systems Market by End Users
9.3.5.5 South Korea Patient Lift Systems Market
9.3.5.5.1 South Korea Patient Lift Systems Market by Type
9.3.5.5.2 South Korea Patient Lift Systems Market by End Users
9.3.5.6 Rest of Asia-Pacific Patient Lift Systems Market
9.3.5.6.1 Rest of Asia-Pacific Patient Lift Systems Market by Type
9.3.5.6.2 Rest of Asia-Pacific Patient Lift Systems Market by End Users
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Patient Lift Systems Market Overview
9.4.2 Middle East and Africa Patient Lift Systems Market Forecasts and Analysis
9.4.3 Middle East and Africa Patient Lift Systems Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Patient Lift Systems Market Forecasts and Analysis - By End Users
9.4.5 Middle East and Africa Patient Lift Systems Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Patient Lift Systems Market
9.4.5.1.1 South Africa Patient Lift Systems Market by Type
9.4.5.1.2 South Africa Patient Lift Systems Market by End Users
9.4.5.2 Saudi Arabia Patient Lift Systems Market
9.4.5.2.1 Saudi Arabia Patient Lift Systems Market by Type
9.4.5.2.2 Saudi Arabia Patient Lift Systems Market by End Users
9.4.5.3 U.A.E Patient Lift Systems Market
9.4.5.3.1 U.A.E Patient Lift Systems Market by Type
9.4.5.3.2 U.A.E Patient Lift Systems Market by End Users
9.4.5.4 Rest of Middle East and Africa Patient Lift Systems Market
9.4.5.4.1 Rest of Middle East and Africa Patient Lift Systems Market by Type
9.4.5.4.2 Rest of Middle East and Africa Patient Lift Systems Market by End Users
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Patient Lift Systems Market Overview
9.5.2 South and Central America Patient Lift Systems Market Forecasts and Analysis
9.5.3 South and Central America Patient Lift Systems Market Forecasts and Analysis - By Type
9.5.4 South and Central America Patient Lift Systems Market Forecasts and Analysis - By End Users
9.5.5 South and Central America Patient Lift Systems Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Patient Lift Systems Market
9.5.5.1.1 Brazil Patient Lift Systems Market by Type
9.5.5.1.2 Brazil Patient Lift Systems Market by End Users
9.5.5.2 Argentina Patient Lift Systems Market
9.5.5.2.1 Argentina Patient Lift Systems Market by Type
9.5.5.2.2 Argentina Patient Lift Systems Market by End Users
9.5.5.3 Rest of South and Central America Patient Lift Systems Market
9.5.5.3.1 Rest of South and Central America Patient Lift Systems Market by Type
9.5.5.3.2 Rest of South and Central America Patient Lift Systems Market by End Users
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. PATIENT LIFT SYSTEMS MARKET, KEY COMPANY PROFILES
11.1. ARJO
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. DRIVE DEVILBISS INTERNATIONAL
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. GF HEALTH PRODUCTS, INC
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. GULDMANN
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. HANDICARE
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. HILL-ROM SERVICES, INC
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. INVACARE CORPORATION
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. JOERNS HEALTHCARE LLC
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. MEDLINE INDUSTRIES, INC
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. PRISM MEDICAL UK
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
- Arjo
- Drive DeVilbiss International
- GF HEALTH PRODUCTS, INC
- Guldmann
- Handicare
- Hill-Rom Services, Inc
- Invacare Corporation
- Joerns Healthcare LLC
- Medline Industries, Inc
- Prism Medical UK
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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