Global Patient Mechanical Lift Handling Equipment Market: Overview
Patient mechanical lift handling equipment are lifts that are used to lift patients who are either unable to move or whose weight makes it unsafe to move or lift them manually. These equipment find application in hospitals, homecare, and elderly care homes. The different types of mechanical lifts available in the market are floor-based lifts, stand up and raising lifts/aids, powered sit-to-stand lifts, overhead/ceiling lifts, gantry lifts, and bath patient lifters. All these types of patient lifts function together to facilitate total patient transfer.
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Global Patient Mechanical Lift Handling Equipment Market: Key Trends
A number of factors are responsible for promoting the global patient mechanical lift handling equipment market. Some of them are the rising number of accidents and increasing disabilities, spike in the elderly population, the risk of musculoskeletal injuries among caregivers in the process of manual handling of patients, and rules forbidding manual handling of patients. Besides, rise in obesity, which causes people to lose their mobility, has also helped promote the market. In fact, as per the Institute for Health Metrics and Evaluation, around 30% of the global population were either obese or overweight in 2013.
On the contrary, lack of proper budget allocation and dearth of awareness among patients, mostly in developing and under-developed regions of the world about mechanical lift handling equipment, is slated to dampen the growth in the market, particularly in Asia-Pacific and Latin America.
Global Patient Mechanical Lift Handling Equipment Market: Market Potential
Among the various types of mechanical lift handling equipment available in the market, the powered sit-to-stand lifts segment leads with a dominant share. Going forward, it is predicted to retain its dominant position, owing to the emergence of automated lifts that provide enhanced safety and comfort to the patients. Hospitals, these days, are increasingly leveraging expensive mechanical lifts. This has also resulted in their substantial market share.
As per the Bureau of Labor Statistics, around 50% nurses incur back pain and musculoskeletal injuries on account of manual handling of patients. To bring down such injuries, the U.S. government has created a “minimal lift” regulation. Further, many hospitals and healthcare facilities, namely Stanford Hospital and Clinics, have implemented Safe Patient Handling and Mobility Program to reduce risk of injuries among healthcare professionals. All these will create opportunities in the global patient mechanical lift handling equipment market in the future.
Global Patient Mechanical Lift Handling Equipment Market: Regional Outlook
Geographically, the key segments of the global patient mechanical lift handling equipment market are Asia Pacific, Europe, North America, and the Rest of the World. Currently, North America and Europe are key regions on account of the spike in the elderly population, increasing instances of obesity, rise in the incidence of musculoskeletal injuries, effective government regulations, favorable reimbursement policies, and high spending capacity of patients.
In the years ahead, Asia-Pacific and Latin America, will emerge as lucrative markets because of burgeoning urbanization, increasing disposable incomes, rising awareness about patient lifts, increasing instances of obesity, and a rapidly growing elderly population. The rapidly expanding developing economies of China and India along with Japan, which has a large geriatric population, are at the forefront of driving growth in Asia Pacific.
Global Patient Mechanical Lift Handling Equipment Market: Competitive Analysis
To assess the competition prevailing in the global mechanical lift handling equipment market, the report profiles companies such as Stryker Corporation, Hill-Rom Holdings, Inc., Invacare Corporation, and Getinge Group.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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