Patient Lifting Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Patient Lifting Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : December, 2019 | Medical Devices | PPT format

Report Digest

Global Patient Lifting Devices Market: Overview 

The demand within the global patient lifting devices market is expected to rise in the years to follow. Mobility of patients is an important consideration for healthcare centers and hospitals. Furthermore, the rising incidence of chronic diseases that paralyze individuals has also driven market demand. The healthcare fraternity has exhibited immense aplomb in developing a comprehensive framework for patient utility. Until a couple of decades ago, it was impossible to imagine a system that used automation technologies to lift patients. However, the use of sensors and digital aids has eased the burden of manually lifting patients. 

Human-assisted transfer of patients across healthcare centers and homes is risky and cumbersome. It can become a cause of injuries for patients and helpers, thus, adding up to the welfare and healthcare costs. Hence, the use of patient lifting devices is projected to gather momentum in the years to come. Patients have shown a sense of willingness to spend on facilities that generate utility. 

A market research report reviews the global patient lifting devices market in one of its syndicate reports. The global patient lifting devices market can be segmented on the basis end-user, type, facility, and region. Based on type, the use of sling lifts is expected to increase in the years to follow. 

Global Patient Lifting Devices Market: Notable Developments 

The need for increased care and safety across the healthcare industry has created fresh opportunities for the market vendors. 

Abilitech Medical has recently sent ripples across the medical industry with its new utility device for injured persons. The company is launching a wearable device for bedridden patients. Severe injury can bar people from the ability to perform basic tasks such as turning off the morning alarm or shoving off mosquitos. The new device is expected to improve the stakes of revenue generation within Abilitech Medical.

Air-assisted patient transfer devices are steadily making their way into renowned healthcare facilities. The healthcare industry has shown tremendous resilience in embracing and implementing new technologies. Therefore, the vendors in the patient lifting devices market have a large playfield of lucrative opportunities to capitalise upon. 

Some of the renowned vendors in the global patient lifting devices market are: 

  • Handicare Group AB
  • Invacare Corp.
  • Hill-Rom Holdings Inc.
  • Medline Industries Inc. 

Global Patient Lifting Devices Market: Growth Drivers 

  • Rising Incidence of Paralysing Disorders

A rising population of people suffers from the ills of dementia, Parkinson’s disease, and various types of cancers. In this scenario, it is important to have a strong system for assisting patients. Presence of a core system that offers improved mobility to patients is amongst the most important virtues within healthcare. Therefore, the total value of revenues in the global patient lifting devices market is slated to reach new heights in the years to come. 

  • Improved Infrastructure of Healthcare Facilities 

The need for patient lifting devices can also be associated with the construction of skyscrapers, a lot of which serve as hospitals. Presence of multi-speciality hospitals and healthcare centers has led to expansion of functional areas within hospitals. This factor, coupled with the letting ‘of residential spaces for hospitals, has also driven market demand. The increasing flux of patients across healthcare centers is indicative of the need for cutting-edge medical technologies. Therefore, the global patient lifting devices market is projected to attract increased revenues in the years to follow.

The study presents reliable qualitative and quantitative insights into:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand chain of the market
  • Market valuation (revenue and/or volume)
  • Key trends/opportunities/challenges
  • Forces defining present and estimated future state of the competitive landscape
  • Technological developments
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.

Highlights of the report:

  • A detailed analysis of key segments of the market
  • Recent developments in the market’s competitive landscape
  • Detailed analysis of market segments up to second or third level of segmentation
  • Historical, current, and projected future valuation of the market in terms of revenue and/or volume
  • Key business strategies adopted by influential market vendors
  • Outline of the regulatory framework surrounding and governing numerous aspects of the market
  • Growth opportunities in emerging and established markets
  • Recommendations to market players to stay ahead of the competition

Note: Immense care has been taken to present data with the highest levels of accuracy in all TMRResearch reports. Nevertheless, recent developments related to market/vendor landscape may take time to reflect in the analysis.

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