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 : August, 2020 | 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 a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

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

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.