Global Electric Patient Lifts are expected to make a significant contribution to the overall industry.

According to a lead Analyst "Despite the presence of competition and brand effect problems, due to the awareness of end-users and their demand for high end products, investors are still optimistic about this area. There will be more new investors entering into this industry in the future. The manufacturers who want to occupy the market must depend on market mechanism reform, manufacturing equipment innovation, core technology improvement and brand establishment.". Buoyed by strong demand and sales, industry profit margins have increased considerably during past few years.

According to the report, some of the important driving forces behind the market growth are “Rising Geriatric and Bariatric Populations, High Risk of Injuries to Caregivers During the Manual Handling of Patients and Implementation of Regulations Ensuring the Safety of Healthcare Personnel Against Manual Lifting”. The primary concern of any business is the reduction of the overall operating cost. The increased need for operating efficiency and meeting regulatory demands at the same time have become major challenges for the original Players, additional restraints impacting market are “Lack of Training Provided to Caregivers for the Efficient Operation of Patient Handling” which is continuously seeking attention of Industry Experts and Decision makers.

The Electric Patient Lifts Ecosystem: 2023-2029 Opportunities, Challenges, Strategies, Industry Verticals & Forecasts report presents an in-depth assessment of the Electric Patient Lifts market including latest technologies & innovation, key trends, market drivers, challenges, vertical & market applications along with deployment case studies, regulatory landscape, future roadmap and strategies, value chain and player profiles. The report also presents market size forecasts from 2023 till 2029. The forecasts are segmented by Type (Slings Type, Ceiling Hoists and Other), by Application (lift and transfer patients from one place to another) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).

Data Sources & Methodology

The primary sources involves the industry experts from the Electric Patient Lifts Market including the management organizations, processing organizations, analytics service providers of the industry’s value chain. All primary sources were interviewed to gather and authenticate qualitative & quantitative information and determine the future prospects.

In the extensive primary research process undertaken for this study, the primary sources – Postal Surveys, telephone, Online & Face-to-Face Survey were considered to obtain and verify both qualitative and quantitative aspects of this research study. When it comes to secondary sources Company's Annual reports, press Releases, Websites, Investor Presentation, Conference Call transcripts, Webinar, Journals, Regulators, National Customs and Industry Associations were given primary weight-age.