The global Patient Mechanical Lift Handling Equipment Market is estimated to be valued at US$ 1,843.8 Mn in 2023 and is expected to exhibit a CAGR of 7.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Patient mechanical lift handling equipment is used for lifting and transferring patients from one location to another including beds, wheelchairs, bathroom, and other places. These equipment aid in reducing physical strain on nursing staff while handling patients and ensure safety of patients by avoiding fall and injury during transfer.
Market key trends:
Social mobility equipment is the fastest growing segment in the patient mechanical lift handling equipment market driven by increasing geriatric population suffering from disabilities and chronic diseases. As per the United Nation’s World Population Prospects Report, the number of people aged 65 years or older is projected to grow from 703 million in 2019 to 1.5 billion in 2050. These elderly population are more prone to disabilities requiring lifting aids for their daily activities. Manufacturers are focusing on developing technologically advanced mobility equipment that can smoothly maneuver even in small caregiver facilities while ensuring safety of aged patients.
Segment Analysis
The global patient mechanical lift handling equipment market is dominated by the sling lifts segment. Sling lifts are designed to support the whole body of patients and include full body or universal slings that can be used for both indoor and outdoor purposes. They provide high safety and secure patient handling. The demand for sling lifts is high due to increasing risk of falls and injuries among elderly and disabled patients during transition.
Key Takeaways
The global Patient Mechanical Lift Handling Equipment Market Growth is expected to witness high growth, exhibiting CAGR of 7.9% over the forecast period, due to increasing geriatric population and risk of injuries among them.
Regional analysis
North America dominated the global patient mechanical lift handling equipment market in 2023, owing to presence of supportive government policies for patient safety and dominance of key market players in the region. Asia Pacific is expected to witness fastest growth over forecast period owing to improving healthcare infrastructure and increasing healthcare spending in countries like China and India.
Key players
Key players operating in the patient mechanical lift handling equipment market are ARJO, Etac AB, Medline Industries Inc., Guldmann Inc., Sunrise Medical Inc., Stryker Corporation, Winncare Group (Mangar Health), Joerns Healthcare Inc., Invacare Corporation, Baxter (Hill Rom Holding Inc.), Gainsborough Healthcare Group, and Savaria Corporation (Handicare Group AB), among others. Stryker Corporation held leading market share in 2023 owing to wide portfolio and global distribution network.
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https://www.insightprobing.com/cardiology-electrodes-market-trends-size-and-share-analysis/
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