Patient Mechanical Lift Handling Equipment Market Size
| Study Period | 2021 - 2029 |
| Market Size (2024) | USD 1.96 Billion |
| Market Size (2029) | USD 2.71 Billion |
| CAGR (2024 - 2029) | 6.68 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Patient Mechanical Lift Handling Equipment Market Analysis
The Patient Mechanical Lift Handling Equipment Market size is estimated at USD 1.96 billion in 2024, and is expected to reach USD 2.71 billion by 2029, growing at a CAGR of 6.68% during the forecast period (2024-2029).
COVID-19 had a slightly positive effect on the market due to the increased rate of hospitalizations across the world. Mechanical lifts are used for patients with serious debilitating conditions, like those who suffer from chronic disease, or for elderly patients. According to a March 2020 CDC study, COVID-19-associated hospitalization rates were higher among the elderly than in other age groups. According to the study, hospitalization rates per 100,000 population were 7.4 in those aged 50-64 years and 13.8 in those aged over 65 years. Rates were the highest among persons aged over 65 years, ranging from 12.2 in those aged 65-74 years to 17.2 in those aged over 85 years. In total, hospitalization rates have also increased significantly due to COVID-19. For example, according to a UK Government status report from January 2021, the weekly overall COVID-19 positive hospital admission rates per 100,000 people went up from below 10 in September 2020 to over 30 in January 2021. Such a high increase in hospitalization rates is expected to positively affect the market demand for mechanical lift-handling equipment.
Additionally, the other major factors attributed to the growth of the patient mechanical lift handling equipment market include the increasing geriatric population, rising prevalence of chronic diseases, and rising musculoskeletal disorders.
Patient mechanical lift handling equipment is used extensively in transporting a patient from one place to another place. The rising geriatric population and an increase in the prevalence of chronic diseases are expected to boost the demand for patient mechanical lift handling, as both these factors are expected to increase hospitalization rates. European Health Interview Survey (EHIS) September 2022 reported that more than one-third of the European Union elderly population with difficulty in household activities reported a lack of assistance with those activities. Such a high need for assistance in the elderly population grows the demand for patient mechanical lift handling equipment and drives the market during the forecast period. For instance, as per World Population Prospects 2022, the share of the global population aged 65 years or above is projected to rise from 10% in 2022 to 16% in 2050. By 2050, the number of persons aged 65 years or over worldwide is projected to be more than twice the number of children under age five and about the same as the number of children under age 12. Thus, the geriatric population is more prone to various chronic conditions, which is expected to increase the need for patient mechanical lift handling equipment, which is further expected to boost the growth of the market over the forecast period.
Moreover, in January 2021, Handicare launched its AP-Series Portable Ceiling Lifts in North America. The AP-Series' heavy-duty smart batteries offer increased lifting capacity on a single charge. The features include the SafeGuardHook and ActiveSenseTilt Detection.
Mechanical lift-handling equipment is used extensively by caregivers while dealing with these types of patients. This is again expected to have a positive effect on the market for mechanical lift handling equipment, which may increase the demand in the market during the forecast period. However, the high costs of the equipment are expected to hinder the growth of the market over the forecast period.
Patient Mechanical Lift Handling Equipment Market Trends
This section covers the major market trends shaping the Patient Mechanical Lift Handling Equipment Market according to our research experts:
Overhead/Ceiling Lifts are Projected to Have a Significant Share Over the Forecast Period
Ceiling lift systems are expected to remain very popular during the forecast period. A comprehensive ceiling lift system consists of an overhead track (which can be freestanding or ceiling mounted), a resident sling, and an electric motor. The system applies mechanical force to assist in transferring or repositioning the patient. These types of lifts are important devices for nurses, for whom lift-strain injuries are quite common.
The increasing number of musculoskeletal injuries, rising geriatric population, and disability due to chronic diseases are primary driving factors for the segment's growth. Furthermore, according to an article published in June 2021 by The Journal of Thoracic and Cardiovascular Surgery, approximately 29,444 isolated coronary artery bypass grafting procedures, 35,469 isolated heart valve procedures, and 843 assist device implantations were registered in Germany in 2020. This surge in patients with heart diseases, coupled with an increase in the number of surgeries, is anticipated to increase in the future, driving demand for ceiling lifts.
Moreover, an article published by the National Center for Biotechnology Information in 2021 stated that in the United States, approximately 17,000 new cases of spinal cord injuries (SCI) are registered each year. Similarly, according to the data published by the American Association of Neurological Surgeons in the June 2021 report, it was observed that more than 450,000 people in the United States were living with a spinal cord injury (SCI). Thus, the growing prevalence of spinal cord diseases is expected to increase the demand for overhead/ ceiling lifts for such patients, which is expected to drive the growth of the market segment over the forecast period.
Most manually operated mechanical lifting equipment is more cost-effective in the long term and easy to use. These developments are likely to drive the adoption of mechanical lift-handling products over the forecast period.
North America is Expected to Hold the Largest Market Share Over the Forecast Period
The major factors driving the growth of the market in the United States are the rising prevalence of various musculoskeletal conditions and the availability of better healthcare infrastructure, as compared to many other countries. Musculoskeletal conditions are one of the most debilitating and expensive conditions in the United States. Back- and spine-related disorders hold a major share among musculoskeletal problems.
In addition, according to CDC data updated in March 2022, the number of emergency department visits was 130 million, and the number of injury-related visits was 35 million in the United States in 2021. This number of emergency visits, coupled with an increased number of injuries, is expected to lead to increased adoption of mechanical lift handling equipment in the United States, thereby expected to drive the growth of the studied market.
Additionally, according to the National Cancer Institute data updated in June 2022, breast cancer was the most common cancer, with 290,560 new cases projected in the United States in 2022. Prostate cancer and lung cancer are the next most frequent cancers in the country. This burden of cancer is anticipated to increase hospital admissions and prolonged hospital stays, which will require patient mechanical lifts for patient handling. This is expected to drive the demand for mechanical lifts used for patient handling, driving the market growth in the country.
Moreover, the AHA statistics show that the number of active hospitals in the United States increased from 5,534 in 2016 to 6,093 in 2020. Thus, a steep rise in the volume of hospitals and increasing hospital admissions drives higher demand for mechanical lift handling equipment in hospitals, thereby boosting the studied market growth in the country.
Additionally, the Senior Report 2021 published by America's Health Rankings United Health Foundation showed that more than 54 million adults aged 65 and older were living in the United States in 2021, which accounted for about 16.5% of the country's population. As this population is more prone to getting chronic diseases and surgeries for treatment, it increases the rate of hospitalization, which ultimately is expected to drive the demand for patient mechanical lift handling equipment, driving the market growth. Rising musculoskeletal disorders in the United States are expected to increase the demand for mechanical lift-handling equipment during the forecast period.
Patient Mechanical Lift Handling Equipment Industry Overview
The patient mechanical lift handling equipment market is fragmented owing to the presence of various key companies. Some of the market players include Gainsborough Healthcare Group, ARJO, Handicare Group AB, Hill Rom Holding Inc., Invacare Corporation, Joerns Healthcare Inc., Mangar International Inc., Stryker Corporation, Sunrise Medical LLC, and Guldmann Inc.
Patient Mechanical Lift Handling Equipment Market Leaders
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Invacare Corporation
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Sunrise Medical Inc.
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Stryker Corporation
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Savaria Corporation (Handicare Group AB)
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Baxter (Hill Rom Holding Inc.)
*Disclaimer: Major Players sorted in no particular order
Patient Mechanical Lift Handling Equipment Market News
- May 2022: Invacare Corporation launched 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 innovative technology that helps maximize comfort and security when lifting or transferring a patient to or from a bed, chair, or floor.
- Jul 2021: AmeriGlide announced the launch of a brand-new stair lift. The AmeriGlide UP Stair Lift has been designed with innovative features that provide the utmost safety and comfort when going up and down the stairs.
Patient Mechanical Lift Handling Equipment Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Geriatric Population and Rising Prevalence of Chronic Diseases
4.2.2 Rising Musculoskeletal Disorders and Accidents
4.3 Market Restraints
4.3.1 High Costs of the Equipment
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Product
5.1.1 Bath Patient Lifters
5.1.2 Floor-based Lifts
5.1.3 Overhead/Ceiling Lifts
5.1.4 Powered Sit-To-Stand Lifts
5.1.5 Standup and Raising Lifts
5.1.6 Other Products
5.2 By End User
5.2.1 Hospitals
5.2.2 Home Healthcare
5.2.3 Other End Users
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Italy
5.3.2.5 Spain
5.3.2.6 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 South Korea
5.3.3.6 Rest of Asia-Pacific
5.3.4 Middle-East and Africa
5.3.4.1 GCC
5.3.4.2 South Africa
5.3.4.3 Rest of Middle-East and Africa
5.3.5 South America
5.3.5.1 Brazil
5.3.5.2 Argentina
5.3.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Gainsborough Healthcare Group
6.1.2 ARJO
6.1.3 Savaria Corporation (Handicare Group AB)
6.1.4 Baxter (Hill Rom Holding Inc.)
6.1.5 Invacare Corporation
6.1.6 Joerns Healthcare Inc.
6.1.7 Winncare Group (Mangar Health)
6.1.8 Stryker Corporation
6.1.9 Sunrise Medical Inc.
6.1.10 Guldmann Inc.
6.1.11 Medline Industries Inc.
6.1.12 Etac AB
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Patient Mechanical Lift Handling Equipment Industry Segmentation
As per the scope of this report, patient mechanical lift handling equipment refers to assistive devices that allow patients in hospitals and nursing homes and people receiving home healthcare to be transferred between a bed and a chair or other similar resting places.
The Patient Mechanical Lift Handling Equipment Market is Segmented by Product (Bath Patient Lifters, Floor-based Lifts, Overhead/Ceiling Lifts, Powered Sit-To-Stand Lifts, Standup and Raising Lifts, and Other Products), End User (Hospitals, Home Healthcare, and Other End Users), and Geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The market report also covers the estimated market sizes and trends of 17 countries across major regions globally. The report offers the value (in USD million) for the above segments.
| By Product | |
| Bath Patient Lifters | |
| Floor-based Lifts | |
| Overhead/Ceiling Lifts | |
| Powered Sit-To-Stand Lifts | |
| Standup and Raising Lifts | |
| Other Products |
| By End User | |
| Hospitals | |
| Home Healthcare | |
| Other End Users |
| Geography | ||||||||
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Patient Mechanical Lift Handling Equipment Market Research FAQs
How big is the Patient Mechanical Lift Handling Equipment Market?
The Patient Mechanical Lift Handling Equipment Market size is expected to reach USD 1.96 billion in 2024 and grow at a CAGR of 6.68% to reach USD 2.71 billion by 2029.
What is the current Patient Mechanical Lift Handling Equipment Market size?
In 2024, the Patient Mechanical Lift Handling Equipment Market size is expected to reach USD 1.96 billion.
Who are the key players in Patient Mechanical Lift Handling Equipment Market?
Invacare Corporation, Sunrise Medical Inc., Stryker Corporation, Savaria Corporation (Handicare Group AB) and Baxter (Hill Rom Holding Inc.) are the major companies operating in the Patient Mechanical Lift Handling Equipment Market.
Which is the fastest growing region in Patient Mechanical Lift Handling Equipment Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Patient Mechanical Lift Handling Equipment Market?
In 2024, the North America accounts for the largest market share in Patient Mechanical Lift Handling Equipment Market.
What years does this Patient Mechanical Lift Handling Equipment Market cover, and what was the market size in 2023?
In 2023, the Patient Mechanical Lift Handling Equipment Market size was estimated at USD 1.84 billion. The report covers the Patient Mechanical Lift Handling Equipment Market historical market size for years: 2021, 2022 and 2023. The report also forecasts the Patient Mechanical Lift Handling Equipment Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Patient Mechanical Lift Handling Equipment Industry Report
The Patient Mechanical Lift Handling Equipment Market is segmented by product, end user, and geography. The market provides the value for the above segments. The statistics for the Patient Mechanical Lift Handling Equipment market share, size, and revenue growth rate are created by 糖心vlog传媒鈩� Industry Reports. The analysis includes a market forecast outlook and a historical overview.
The industry report indicates that the market is growing steadily. The market share and market size are significant indicators of this growth. The market analysis and market report provide detailed insights into various segments and trends. The market research highlights the key factors driving the market trends and market growth.
The industry analysis shows that hospitals and home healthcare are the primary end users of the equipment. The market forecast predicts continued growth in these segments. The industry overview and market leaders indicate that North America and Europe are major regions contributing to the market value.
The industry outlook and market data suggest that the Asia-Pacific region is expected to see significant growth. The market review and market segmentation show a diverse range of products, including bath patient lifters, floor-based lifts, and overhead/ceiling lifts. The market predictions indicate that powered sit-to-stand lifts and standup and raising lifts will see increased demand.
The industry information and industry research provide a comprehensive understanding of the market dynamics. The industry sales and industry statistics support the market outlook and market trends. The market overview and market predictions are based on extensive research and data analysis.
The report example and report pdf provide a detailed view of the market. The research companies involved in the study have used various methodologies to ensure accurate and reliable data. The market forecast and market growth are supported by robust industry reports and industry trends.
Overall, the Patient Mechanical Lift Handling Equipment Market is poised for significant growth, driven by increasing demand in hospitals and home healthcare. The market value and market segmentation provide a clear picture of the opportunities and challenges in the market. The industry outlook and market data suggest a positive trend, with continued growth expected in the coming years.
