Top 7 Companies in the Global Patient Lifting Equipment Market in 2024

The global patient lifting equipment market was valued at USD 5.35 billion in 2023. The market is expected to grow at a CAGR of 12.80% during the forecast period of 2024-2032, with the values likely to reach USD 12.80 billion by 2032. The market is driven by increased demand for efficient patient lifting solutions and rising incidences of chronic illnesses across the globe.

Patient lifting equipment is designed to assist in the safe and efficient transfer of patients with limited mobility. Such devices include hoists, slings, and standing aids. These are crucial in lifting patients from beds, wheelchairs, or floors with minimal physical strain on caregivers. Such equipment promotes patient comfort and reduces the risk of injury to both patients and healthcare workers.

The global patient lifting equipment market is expanding rapidly due to increased awareness and safety concerns among patients and caregivers. Healthcare facilities are adopting these devices to improve patient handling and reduce workplace injuries. Technological advancements, including the use of lightweight materials and automation, are boosting efficiency and ease of use.

In September 2024, INTCO Medical launched the YK3001 ergonomic power lift chair, designed for ultimate comfort. This innovation is driving the growth of the patient lifting equipment market, as it enhances patient mobility and care, addressing the increasing demand for comfortable, efficient lifting solutions.

Let’s explore the profile of top companies leading the global patient lifting equipment market in 2024.

1.    Stryker Corporation

Stryker Corporation is a well-known global player in the patient lifting equipment market, that has been involved in advanced solutions in the transport and lifting of patients. Their portfolio in medical-surgical equipment caters to making transfers for patients safe and comfortable. Stryker innovations are ergonomically designed and automated systems, enhancing efficiency in healthcare facilities while reducing the risk of both patients and caregivers to injury. Its products have greatly contributed to the development of patient lifting and mobility technology within the healthcare sector.

2.    Sunrise Medical LLC

Sunrise Medical LLC is one of the leading companies in the market, offering creative mobility aids like mobile hoists. Their products are developed to increase the mobility and comfort of patients and provide caregivers with safe, reliable, and ergonomic solutions for lifting and transferring patients. Their mobile hoists are engineered to support a wide range of healthcare settings, improving both patient care and caregiver safety. The company's advancements in lifting equipment reflect a strong commitment to enhancing the quality of care through accessible mobility solutions.

3.    Hill-Rom Holdings, Inc. (Baxter International Inc.)

Hill-Rom Holdings, Inc., owned by Baxter International Inc., has significantly contributed to the growth of the patient lifting equipment market. The company designed a series of advanced lift equipment and apparatus to facilitate patient mobility with security as paramount. Its products include various superior-quality devices capable of improving efficiency and not hurting a caregiver. Their innovations have been pivotal in changing the healthcare environment with safe patient handling and mobility across hospitals and healthcare facilities around the world.

4.    Gainsborough Healthcare Group

Gainsborough Healthcare Group has made great strides in the international patient lifting equipment market with its mobile hoist range. The company focuses on developing mobility solutions that prioritize patient safety, comfort, and ease of use. Their mobile hoists are designed to help healthcare professionals lift and transfer patients in an efficient manner, thereby reducing the risk of injury to both caregivers and patients. Gainsborough Healthcare's contributions have been pivotal in enhancing patient lifting and mobility solutions in the healthcare sector.

5.    Arjo AB

Arjo AB is establishing itself as one of the prominent participants in the global patient lifting equipment market through wide-scale offerings with respect to solutions for patient handling and mobility improvement. Their product is set toward improved patient handling and care comfort to providers and has provided innovations like lifts, hoists, and transfer equipment. Arjo's innovative lifts have decreased risks from manual handling in transferring patients toward efficient delivery and implementation.

6.    Handicare Group AB

Handicare Group AB is one of the leading players in the market. The company has been committed to enhancing mobility and accessibility for people with limited mobility. The company specializes in offering solutions like patient lifts, transfer aids, and homecare products that improve the quality of life for patients and caregivers alike. It focuses on creating safe, user-friendly equipment that ensures the efficient transfer of patients while minimizing strain and supporting healthcare providers in offering better care to mobility-challenged patients.

7.    Joerns Healthcare Inc.

Joerns Healthcare Inc. is one of the major companies in the patient lifting equipment market, focused on innovative patient handling and mobility solutions. It offers a variety of products, such as patient lifts, slings, and other mobility aids that can improve the safety of patients and enhance caregiver efficiency. Joerns Healthcare's solutions aim to minimize the risk of injury during patient transfers, ensuring comfort and security. They play a significant role in providing high-quality healthcare as it offers advanced, reliable patient-handling equipment to healthcare providers.