The research report provides an in-depth evaluation of the Global Patient Lifting Equipment market drivers and restraints Market and helps the market participants intensify their footprints in the industry. The report gives a detailed analysis concentrated on the critical market dynamics such as drivers, restraints, trends, and growth opportunities to assist businesses to prepare for any challenges they might encounter in the forecast period.
Furthermore, the report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.
According to the most recent analysis by Emergen Research, the size of the global market for Patient Lifting Equipment is anticipated to reach USD 14.24 billion in 2032 and see a revenue CAGR of 12.7% during that time. One of the elements influencing the market’s revenue growth is the rising danger of damage to healthcare professionals when handling patients physically. The Healthcare and Social Assistance sector (HCSA) has one of the highest and most consistently rising rates of occupational diseases and injuries. The Bureau of Labour Statistics (BLS) reports that in 2020, there will be a 40% increase in accident and illness cases. Nursing assistants had the highest frequency of musculoskeletal disorders of any job in 2020, with 15,360 cases. Musculoskeletal issues accounted for 52% of all nursing assistant absences from the workplace. As a result, the demand for patient lifting equipment is anticipated to grow over the forecast period.
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The study further assesses the regional market as well as the international market to garner an insight into the scope of the market. The report also offers estimations and predictions about the market segment and sub-segments exhibiting promising growth in the forecast timeline. The report also provides deeper insights into the technological advancements, industrial landscape, and emerging product and technological developments in the Patient Lifting Equipment market. It offers fruitful insights into the business sphere to help businesses capitalize on the lucrative growth opportunities.
Key Players Profiled in the Report are:
Arjo, DJO, LLC, Medical Depot, Inc. dba Drive DeVilbiss Healthcare, Etac AB, GF Health Products, Inc., Guldmann Inc., Handicare, Invacare Corporation, Joerns Healthcare LLC, Medline Industries, LP
The report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry. It also covers strategies adopted by prominent players such as mergers and acquisitions, collaborations, joint ventures, product launches, and brand promotions, among others. The report aims to offer the readers a holistic understanding of the relevant features of the industry.
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Analysis of the segments and their growth projection is carried out by extensive historical and current analysis of the market scenario. Further, the report offers details about the factors and features of the Patient Lifting Equipment market expected to boost the growth of the industry in the coming years.
Patient Lifting Equipment Market Segmentation:
Product Outlook (Revenue, USD Billion; 2019–2032)
- Ceiling Lifts
- Star & Wheelchair Lifts
- Mobile Lifts
- Sit-To-Stand Lifts
- Bath & Pool Lifts
- Lifting Slings
- Lifting Accessories
End-Use Outlook (Revenue, USD Billion; 2019–2032)
- Home Care Settings
- Elderly Care Facilities
Regional Outlook (Revenue, USD Billion, 2019–2032)
- North America
- Rest of Europe
- Asia Pacific (APAC)
- South Korea
- Rest of APAC
- Latin America (LATAM)
- Rest of LATAM
- Middle East & Africa (MEA)
- Saudi Arabia
- Rest of MEA
- North America
Key Questions Answered in the Report:
What is the growth rate of the Patient Lifting Equipment market? What is the anticipated market valuation of Patient Lifting Equipment industry by 2027?
What are the key growth driving and restraining factors of the Patient Lifting Equipment market?
Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
What are the key opportunities and growth prospects of the Patient Lifting Equipment industry over the forecast period?
Which region is expected to show significant growth in the coming years?
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