Patient Mechanical Lift Handling Equipment Market Size, Share, Industry Trends and Forecast to 2030

Patient Mechanical Lift Handling Equipment Market Size & CAGR (2021)

The global patient mechanical lift handling equipment market is projected to witness a CAGR of 6.8% from 2021 to 2028. The market size is expected to reach USD 2.5 billion by 2028, showing significant growth over the forecast period.

COVID-19 Impact on the Patient Mechanical Lift Handling Equipment Market

The outbreak of COVID-19 has significantly impacted the patient mechanical lift handling equipment market. With the focus on infection control and prevention, healthcare facilities have increased their adoption of mechanical lift equipment to ensure the safety of patients and healthcare workers. The pandemic has driven the demand for innovative and technologically advanced lifting solutions in healthcare settings.

Patient Mechanical Lift Handling Equipment Dynamics

The patient mechanical lift handling equipment market is driven by factors such as the growing elderly population, rising prevalence of disabilities, and increasing focus on patient safety. Technological advancements in lift equipment, such as smart lifts and electric-powered lifts, are also contributing to market growth. However, high costs associated with these equipment and the lack of skilled personnel to operate them are some of the challenges hindering market expansion.

Segments and Related Analysis

The patient mechanical lift handling equipment market is segmented based on product type, end-user, and region. Product types include manual lifts, power lifts, sit-to-stand lifts, and others. End-users of these equipment are hospitals, long-term care facilities, home care settings, and others. Regionally, the market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

By Region Analysis

North America currently leads the global patient mechanical lift handling equipment market, owing to the presence of well-established healthcare infrastructure and a high adoption rate of advanced lift equipment. Europe and Asia Pacific are also witnessing significant growth in the market due to increasing geriatric population and rising healthcare expenditures.

Key Market Players and Competitive Landscape

Key players in the patient mechanical lift handling equipment market include Invacare Corporation, Hill-Rom Holdings, Arjo AB, Joerns Healthcare LLC, and Guldmann Inc. These companies are focusing on product innovation, strategic partnerships, and acquisitions to strengthen their market position and expand their product portfolio.

Recent Happenings in the Patient Mechanical Lift Handling Equipment Market

In recent years, the patient mechanical lift handling equipment market has witnessed several developments, such as the introduction of AI-powered lift systems, remote monitoring capabilities, and lightweight portable lifts. Manufacturers are also focusing on enhancing user-friendliness and ergonomics of their products to improve patient comfort and safety.