Patient Mechanical Lift Handling Equipment Market Report 2031
The patient mechanical lift handling equipment market size is projected to reach US$ 4.42 billion by 2031 from US$ 2.16 billion in 2023. The market is expected to register a CAGR of 9.4% during 2023–2031. The growing awareness programs and initiatives for safe patient handling by the government are likely to remain key trends in the market.
Patient Mechanical Lift Handling Equipment Market Analysis
Mechanical lift equipment such as standup and raising lifts, ceiling lifts, floor-based lifts and powered sit-to-stand lifts, and bath patient lifts are used extensively in transporting a patient from one place to another. Patients living with leg injuries, weak muscles and other conditions that effects patient’s physical movements require support for movement, which can be provided by these mechanical lifts. Additionally, the patient handling lifts are used for the ageing population who have lost their strength and are unable to move. The rising incidences for the muscular atrophy, bone fractures, and other musculoskeletal disorders increase the demand for patient mechanical lift handling equipment.
Patient Mechanical Lift Handling Equipment Market Overview
As highlighted by the Occupational Safety and Health Administration (OSHA), The use of lifting equipment is essential for implementing a successful safe patient handling program, as it has been shown to reduce the incidence of manual lifting injuries among healthcare staff by up to 95%. Additionally, advantages offered by mechanical lifts over manual patient handling increase the demand for mechanical lift equipment. According to OSHA, implementation of assistive technology tools, such as mechanical lifts, can significantly reduce the occurrence of work-related injuries, ultimately leading to reduced expenses associated with workers’ compensation, lost productivity, and employee turnover. Therefore, the increasing utilization of mechanical lift equipment favor patient mechanical lift handling equipment growth.
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Patient Mechanical Lift Handling Equipment Market: Strategic Insights
Market Size Value in US$ 1,197.58 Million in 2018 Market Size Value by US$ 2,715.37 Million by 2027 Growth rate CAGR of 9.6% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
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We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Patient Mechanical Lift Handling Equipment Market: Strategic Insights
Market Size Value in | US$ 1,197.58 Million in 2018 |
Market Size Value by | US$ 2,715.37 Million by 2027 |
Growth rate | CAGR of 9.6% from 2019-2027 |
Forecast Period | 2019-2027 |
Base Year | 2019 |
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Speak to AnalystPatient Mechanical Lift Handling Equipment Market Drivers and Opportunities
Mounting Incidences of Musculoskeletal Injuries and Prevalence of Disability to Favor Market
Work-related musculoskeletal disorders, including those affecting the neck, upper extremities, and lower back, are a leading cause of lost workday injuries and illnesses for healthcare and social assistance workers, especially in nursing homes and residential care facilities. In addition, according to the Centers for Disease Control and Prevention (CDC) it is stated that musculoskeletal injuries due to the overexertion in healthcare profession are highest from all the US industries.
Additionally, various programs are initiated across the world to support the disabled people and these initiatives have increased the demand for the patient mechanical lift handling equipment. Therefore, above-mentioned factors are likely to propel growth of the patient mechanical lift handling equipment market during the forecast period.
Advent of Smart Lifts with Enhanced Safety Features Brings Growth Opportunities
The research and development of the assistive technology for safe patient handling has enabled the introduction of various innovative devices such as smart lifts. Integration of sensors, alarm, and automatic braking systems prevent incidents of equipment failure and enhance patient handling interventions. According to an article published in PubMed Central in June 2023, contextual lifting intervention using wearable sensor technology demonstrated a positive impact on the biomechanical risk factors for musculoskeletal injuries among healthcare workers, without increasing the biomechanical risk.
Additionally, as per the article published by Scientific Reports in May 2022, the use of collaborative robotics reduced maximum force exertion in caregiving by up to 51% and decreased lateral flexion and trunk torsion by up to 54% and 87% respectively. This led to a significant reduction in mean spine muscle activity of up to 55%. Hence, robotic technology is seen to have a positive impact on the market, is likely to bring growth opportunities in the market.
Patient Mechanical Lift Handling Equipment Market Report Segmentation Analysis
Key segments that contributed to the derivation of the patient mechanical lift handling equipment market analysis are product and end user.
- The patient mechanical lift handling equipment market is segmented based on product into standup and raising lifts/aid, overhead/ceiling lifts, floor-based lifts, gantry lifts, powered sit-to-stand lifts, bath patient lifters, and others. The standup and raising lifts/aid segment held the largest market share in 2023.
- By end user, the market is segmented into homecare, hospitals, elderly care homes, and others. The hospital segment held a significant share of the market in 2023.
Patient Mechanical Lift Handling Equipment Market Share Analysis by Geography
The geographic scope of the patient mechanical lift handling equipment market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America. Asia Pacific is expected to grow with the highest CAGR in the coming years.
The patient mechanical lift handling equipment market in North America is analyzed based on the three major countries: the US, Canada, and Mexico. The US is estimated to have a larger share of the North America patient mechanical lift handling equipment market in 2023. The growth in this region is characterized by increasing government programs, and rising awareness about safe patient handling. In the US, the Safe Patient Handling Movement (SPHM) program has been implemented in the healthcare facilities to provide staff training regarding the use of appropriate equipment that reduced the liability of risk and other expenses for the organizations. The initiative aids in reducing the musculoskeletal disorders among the patients, nurses and other assisting professionals. The government has also proposed laws for the safe patient handling.
Additionally, various technological developments by the market players are expected to augment the growth of the market significantly during the forecast period.
Patient Mechanical Lift Handling Equipment Market Report Scope
Patient Mechanical Lift Handling Equipment Market News and Recent Developments
The patient mechanical lift handling equipment market is evaluated by gathering qualitative and quantitative data from primary and secondary research, which includes essential corporate publications, association data, and databases. A few of the developments in the patient mechanical lift handling equipment market are listed below:
- Invacare Corporation launched its Birdie Evo XPLUS, an innovative patient lift solution for the post-acute care setting. With its sleek and modern design, the Birdie Evo XPLUS provides advanced technology that helps maximize comfort and security when lifting or transferring a patient to or from a bed, chair or floor. (Source: Invacare Corporation, Press Release, May 2022)
- Dynatronics launched a new bariatric stand-in table with a motorized patient lift and a laminated H-brace treatment table. The Bariatric Electric Stand-In Table with Patient Lift (Hausmann Model 6177) is a motorized variable-height stand-in table with the capability to lift a 500lb patient from a sitting position to a standing position. This model replaces a previously discontinued one. (Source: Dynatronics Corporation, Press Release, February 2021)
Patient Mechanical Lift Handling Equipment Market Report Coverage and Deliverables
The “Patient Mechanical Lift Handling Equipment Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Patient mechanical lift handling equipment market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Patient mechanical lift handling equipment market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Patient mechanical lift handling equipment market analysis covering key market trends, global and regional framework, significant players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the patient mechanical lift handling equipment market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product ; End User , and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Frequently Asked Questions
North America dominated the patient mechanical lift handling equipment market in 2023.
Factors Including The rising incidences of musculoskeletal disorders and various technological developments by the market players are the driving factors the patient mechanical lift handling equipment market growth.
The growing awareness programs and initiatives for safe patient handling by the government are key trends in the market
Gainsborough Healthcare Group, Getinge Group, Handicare Group AB, Hill Rom Holding Inc., Stryker Corporation, Invacare Corporation, Joerns Healthcare, Inc, Mangar International, Inc V. Guldmann A/S (Guldmann Inc), Sunrise Medical LLC are some leading players operating in the patient mechanical lift handling equipment market.
The patient mechanical lift handling equipment market is estimated to reach US$ 4.42 billion by 2031.
The patient mechanical lift handling equipment market is anticipated to grow at a CAGR of 9.40% during 2023-2031.
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.