Patient Lifting Equipment Market was valued at USD 2.5 Billion in 2022 and is projected to reach USD 4.1 Billion by 2030, growing at a CAGR of 7.2% from 2024 to 2030.
Between 2018 and 2022, the patient lifting equipment market exhibited substantial growth across key regions, including North America, Europe, and Asia Pacific. Technological advancements such as the development of more efficient, ergonomic, and portable lifting devices played a crucial role in driving this expansion. Additionally, the rise in healthcare infrastructure in emerging economies, increased awareness about the risks of manual lifting, and the adoption of stricter workplace safety regulations further boosted the demand for patient lifting equipment. The integration of advanced features such as wireless controls, smart sensors, and AI-powered solutions has improved the overall functionality and ease of use for caregivers, enhancing both patient and caregiver safety.
Looking ahead, the demand for patient lifting equipment from 2023 to 2033 is expected to grow even more significantly due to factors like the growing elderly population, the rising number of patients with mobility challenges, and increasing demand for home healthcare services. Innovations in wireless technology, IoT integration, and more lightweight materials will further improve the accessibility and affordability of lifting devices, thereby encouraging their widespread use. In particular, the need for home-based healthcare solutions will increase the adoption of patient lifting equipment in residential settings. Moreover, the post-pandemic surge in healthcare investments and recovery efforts worldwide is likely to accelerate the market's growth trajectory in the coming years.
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The patient lifting equipment market has seen a steady rise from 2018 to 2022 due to an increasing global demand for healthcare services, an aging population, and a rising focus on patient safety. The demand for patient lifting equipment has been mainly driven by hospitals, nursing homes, and homecare settings. As healthcare institutions worldwide aim to reduce manual lifting and its associated risks, the adoption of mechanized lifting equipment has surged. The global market for patient lifting equipment, which includes mechanical lifts, patient slings, and mobile hoists, was valued at approximately USD 2.1 billion in 2020. This figure is expected to continue its upward trajectory, with a compound annual growth rate (CAGR) of 8.4% from 2021 to 2026, indicating a strong market outlook in the short term.
Arjo
DJO global
Drive DeVilbiss healthcare
ETAC
GF Health Products
Guldmann
Handicare
Hill-Rom Holdings
Inc
Invacare
Joerns Healthcare
Medline Industries
Prism Medical
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Patient Lifting Equipment Market
Hospitals
Home Care Settings
Elderly Care Facilities
Others
Based on Types the Market is categorized into Below types that held the largest Patient Lifting Equipment market share In 2023.
Ceiling Lifts
Stair and Wheelchair Lifts
Mobile Lifts
Sit-To-Stand Lifts
Bath and Pool Lifts
Lifting Slings
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Patient Lifting Equipment Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Patient Lifting Equipment Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Patient Lifting Equipment Market, By Type
6. Global Patient Lifting Equipment Market, By Application
7. Global Patient Lifting Equipment Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Patient Lifting Equipment Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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