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 : May, 2021 | Medical Devices

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.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

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

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?