Patient Lifting Equipment Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2024-2032)

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Patient Lifting Equipment Market Overview

Patient lifting equipment includes hoisting devices that assist in the movement of patients with limited mobility, for instance, while transferring a patient from bed to chair. It utilises electricity and hydraulics power to efficiently lift and transfer patients. These are essential for patients with mobility disorders, the elderly with weakness in their lower bodies, or patients who have been immobilised. These can be used both at hospitals and in homecare settings. They ensure the safe and easy movement of patients.

Patient Lifting Equipment Market Growth Drivers

Rising Incidences of Mobility Disorders

The global market is driven by the heightened incidences of mobility disorders around the globe. According to the estimations by the World Health Organization, more than 1 billion people (almost equivalent to 15% of the global population) around the world are suffering from some kind of disability. Major factors contributing to these disabilities are unhealthy lifestyles, genetic disorders, accidents, and chronic illnesses, among others. This is expected to provide a boost to the demand for patient lifting equipment globally. Moreover, the rising investments in the healthcare sector are aiding the growth of the patient lifting equipment industry. In addition, the increasing geriatric population, which is at increased risk of contracting severe illnesses, is expected to positively impact the market.

Portable Innovations Propel Patient Lifting Equipment Market Demand

The market is poised to be propelled by significant drivers including an increasing incidence of patient falls in diverse settings like car parks, corridors, bathrooms, and hospital wards, along with a growing demand for portable and efficient patient lifting solutions to enhance patient safety and staff ergonomics. For instance, in January  2023, Winncare introduced the Supine Transfer System, a portable and convenient solution designed to lift patients quickly and safely in any location. This system comprises the Rhino Lifting Cushion, Swift Transfer Slide, and the Airflo Duo air pump, which is the first fully portable pump operating on both battery and main power, offering hands-free inflation for healthcare professionals. The Rhino Lifting Cushion elevates a person lying supine from the floor to a suitable height for transfer, while the Swift Transfer Slide minimises the effort required for lateral transfers and repositioning. Tested for optimal ergonomics by the ATTiC team at the University of Wales, the system ensures maximum back safety and comfort for both patients and healthcare workers. 

The introduction of this innovative system is poised to positively impact the global market by meeting the rising demand for portable, efficient, and ergonomically designed lifting solutions, thereby driving market growth during the forecast period.

Patient Lifting Equipment Market Trends

The market is witnessing several trends and developments to improve the current scenario. Some of the notable trends are as follows:

Technological Innovations Drive Patient Lifting Equipment Market Growth

Technological advancements are significantly propelling the growth of the market. Innovations such as automated and robotic lifting devices enhance efficiency and safety during patient transfers or mobile lifting equipment to support fall recoveries. For instance, in June  2024, AAT GB, a mobility equipment supplier, launched an innovative mobile lifting chair to aid fall recovery. The integration of smart technologies, including sensors and Internet of Things (IoT) connectivity, allows for real-time monitoring and data analysis, improving equipment functionality and maintenance schedules. Developments in lightweight yet durable materials contribute to more portable and user-friendly devices. These technological innovations not only improve patient comfort and safety but also reduce the risk of injuries to healthcare workers, thereby increasing the adoption of advanced lifting equipment and driving market growth.

Ageing Population Boosts Patient Lifting Equipment Market Value

The global ageing population is a major driving force behind increasing demand in the market. As the number of elderly individuals rises, the prevalence of mobility-related health issues and chronic conditions requiring assisted living and care is also increasing. This demographic shift leads to higher demand for patient lifting solutions in home care settings, hospitals, and long-term care facilities. The need for safe and efficient patient handling to prevent injuries among both patients and caregivers is becoming increasingly important, stimulating market expansion and contributing to sustained growth during the forecast period.

Focus on Healthcare Worker Safety Enhances Patient Lifting Equipment Market Size

Growing awareness of occupational hazards faced by healthcare workers is enhancing the market value of patient lifting equipment. Regulations and guidelines promoting safe patient handling to reduce musculoskeletal disorders among staff are encouraging healthcare facilities to invest in modern lifting devices. Ergonomically designed equipment that minimises physical strain on caregivers is becoming a priority. This focus on worker safety not only improves staff well-being and reduces absenteeism but also increases operational efficiency. Consequently, there is a higher adoption rate of patient lifting equipment, adding significant value to the market.

Rising Adoption of Portable Lifting Solutions Spurs Patient Lifting Equipment Market Demand

The increasing demand for portable and versatile patient lifting solutions is spurring market development. Portable lifting equipment, such as Winncare's Supine Transfer System, addresses the need for immediate and safe patient transfers in various settings, including emergencies outside traditional healthcare facilities. The convenience and ease of use of portable devices enhance their appeal, particularly in home care and remote locations. This trend towards mobility and flexibility in patient lifting solutions is driving innovation, expanding product offerings, and contributing to the overall development of the market.

Patient Lifting Equipment Market Segmentation

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Patient Lifting Equipment Market Share

Mobile Lifts Dominate Patient Lifting Equipment Market Growth

Mobile lifts hold the largest market share. This dominance is attributed to their versatility, ease of manoeuvrability, and ability to transfer patients safely across different areas without the need for fixed installations. Key market drivers include the rising incidence of mobility-related health issues and an ageing population requiring frequent transfers. Additionally, the increasing focus on caregiver safety and ergonomic solutions boosts demand for mobile lifts. Future growth is expected as technological advancements enhance features like battery efficiency and load capacity. Mobile lifts are poised to drive patient lifting equipment market growth during the forecast period by meeting the expanding needs of hospitals, home care settings, and elderly care facilities, offering flexible and cost-effective patient handling solutions.

Hospitals Lead in Patient Lifting Equipment Market Share

Hospitals account for the largest share in the market. This significant share is driven by the high demand for patient handling solutions due to a large number of patients requiring mobility assistance in clinical settings. Market drivers include the increasing prevalence of chronic diseases necessitating hospital admissions and stringent regulations ensuring patient and staff safety. Hospitals invest heavily in advanced lifting equipment to enhance operational efficiency and reduce the risk of injuries to both patients and healthcare workers. Future growth in this segment is anticipated as hospitals continue to upgrade infrastructure and adopt innovative technologies. By prioritising safety and efficiency, hospitals are set to propel market growth during the forecast period, maintaining their leading position in the utilisation of patient lifting equipment.

Patient Lifting Equipment Market Analysis by Region

North America holds the largest share in the market. This dominance is primarily due to the region's advanced healthcare infrastructure and substantial healthcare expenditure, which support the adoption of innovative medical devices. Key market drivers include a growing ageing population that increases the demand for patient lifting solutions, and a heightened focus on patient and caregiver safety to prevent injuries during transfers.

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Additionally, stringent regulations and guidelines promoting safe patient handling practices encourage healthcare facilities to invest in modern lifting equipment. The presence of major industry players and continuous technological advancements further bolster the market in North America. Future growth is anticipated as hospitals and care facilities continue to upgrade their equipment to enhance efficiency and comply with safety standards. North America's leading position is poised to drive market growth during the forecast period by setting industry trends and fostering innovation in patient lifting technologies.

Leading Players in the Patient Lifting Equipment Market

The key features of the market report comprise patent analysis, grants analysis, funding and investment analysis, and strategic initiatives by the leading players. The major companies in the market are as follows:

Stryker Corporation

Stryker Corporation, established in 1941 and headquartered in Kalamazoo, Michigan, USA, is a leading global medical technology company. In the patient lifting equipment market, Stryker offers a range of innovative solutions designed to enhance patient and caregiver safety. Their portfolio includes advanced patient handling systems such as stretcher chairs, transfer devices, and mobility aids that improve efficiency in healthcare settings. Stryker's commitment to innovation and quality has made it a trusted name in hospitals and care facilities worldwide, contributing significantly to advancements in patient lifting technologies and fueling the patient lifting equipment market growth.

Sunrise Medical LLC

Founded in 1983 and headquartered in Malsch, Germany, Sunrise Medical LLC is a global leader in the developmen...

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

Hill-Rom Holdings, Inc., established in 1915 and headquartered in Chicago, Illinois, USA, is now part of Baxte...

Gainsborough Healthcare Group

Gainsborough Healthcare Group, headquartered in Walsall, United Kingdom, has been a leading provider of specia...

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Arjo AB

Arjo AB, founded in 1957 and headquartered in Malmö, Sweden, is a global leader in medical technology specialising in patient handling and mobility solutions. In the patient lifting equipment market, Arjo offers an extensive portfolio including ceiling lifts, floor lifts, standing and raising aids, and transfer devices. Their products are designed to improve efficiency and safety in healthcare settings by facilitating safe patient transfers and reducing the risk of injuries to both patients and caregivers. Arjo's focus on innovation and quality contributes to enhancing care outcomes worldwide.

Other key players in the market include Handicare Group AB, Joerns Healthcare Inc., Guldmann Inc., Mangar International Inc., and Invacare Corporation.

Key Questions Answered in the Patient Lifting Equipment Market

• What was the global patient lifting equipment market value in 2023?
• What is the patient lifting equipment market forecast outlook for 2024-2032?
• What is the market breakup based on region?
• What is market segmentation based on product?
• How is the market segmented based on end user?
• What are the major factors aiding the patient lifting equipment market demand?
• How has the market performed so far and how is it anticipated to perform in the coming years?
• What are the market's major drivers, opportunities, and restraints?
• Which country is expected to experience expedited growth during the forecast period? 
• What are the major global patient lifting equipment market trends?
• Which product will lead the market segment?
• Which end user will lead the market segment?
• Who are the key players involved in the global patient lifting equipment market?
• What is the patent landscape of the market?
• What are the current unmet needs and challenges in the market?
• How are partnerships, collaborations, mergers, and acquisitions among the key market players shaping the market dynamics?