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

  • Single User License $3500

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

Status : February, 2023 | 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.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?