Patient Lifting Equipment Market worth $5.4 billion by 2024 – Exclusive Report by MarketsandMarkets™
Patient Lifting Equipment Market by Product (Ceiling/Overhead Lift, Stair Lift, Mobile/Floor Lift, Sit to Stand Lift, Bath & Pool Lift, Lifting Slings, Lifting Accessories), End User (Hospital, Home Care, Elderly Care Facility) - global forecast to 2024", is expected to grow from USD 3.0 billion in 2019 to USD 5.4 billion by 2024, at a CAGR of 12.7% during the forecast period. Increasing global geriatric & bariatric populations, the high risk of injuries to caregivers during the manual handling of patients, and the implementation of regulations ensuring the safety of healthcare personnel during manual lifting are the key factors driving the market growth.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=178316146
Browse in-depth TOC on "Patient Lifting Equipment Market”
67 – Tables
21 – Figures
132 – Pages
Ceiling lifts to account for the largest share of the global patient lifting equipment market in 2019
Based on product, the patient lifting equipment market is segmented into ceiling lifts, stair & wheelchair lifts, mobile lifts, sit-to-stand lifts, bath & pool lifts, lifting slings, and lifting accessories. Ceiling lifts are expected to account for the largest share of the patient lifting equipment market in 2019, owing to the factors such as the growing adoption of ceiling lifts in bariatric patient handling practices coupled with an increase in the installation of ceiling lifts in hospitals as well as expanding bariatric population pool.
Hospital projected to account for the largest end-user of the market in 2019
Based on end-user, the patient lifting equipment market is segmented into hospitals, home care settings, elderly care facilities, and other end-users (including emergency medical services, long-term acute care centers, trauma centers, and nursing homes). The hospital segment is expected to dominate the market in 2019. The growing patient population, increase in geriatric population, rising number of disabled people, an increasing number of injuries caused during the patient handling process, growing preference of patient lifts over manual handling in hospitals, and improvements in the healthcare infrastructure are expected to drive the demand and adoption of patient lifting equipment in hospitals.
Request Sample Pages:https://www.marketsandmarkets.com/requestsampleNew.asp?id=178316146
Key Market Players
The major companies in the patient lifting equipment market include Arjo (Sweden), DJO global (US), Drive DeVilbiss healthcare (US), ETAC (Sweden), GF Health Products (US), Guldmann (US), Handicare (Sweden), Hill-Rom Holdings, Inc. (US), Invacare (US), Joerns Healthcare (US), Medline Industries (US), Prism Medical UK.
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=178316146
North America is expected to account for the largest market share during the forecast period.
The patient lifting equipment market is divided into four major regions— Europe, North America, Asia Pacific, and the Rest of the World (RoW). In 2018, Europe accounted for the largest share of the global market, closely followed by North America. North America is estimated to grow at the highest CAGR during the forecast period. Factors such as the increasing geriatric & bariatric population in the US & Canada, the growth of the North American home healthcare industry, and the growing patient volume in nursing homes & elderly care facilities are the major factors supporting the growth of the North American patient lifting equipment market.
Browse Adjacent Market: 3D Bioprinting Market Research Reports & Consulting
Related Reports:
Industrial Evaporators Market by Construction Type (Shell & Tube, Plate), End-use Industry (Food & Beverage, Pharmaceutical, Chemical & Petrochemical, Automotive), Functionality (Falling Film, Rising Film) & Region - Global Forecast to 2027
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 Micro Quadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/patient-lifting-equipment-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/patient-lifting-equipment.asp
