Industry Background:
Electric Patient Lifts are lifts that are powered by a battery or AC electrical current. assistive devices designed to lift and transfer patients from one place to another (for example, chair to stretcher, or bed to bath). These are an integral part of hospitals, nursing, and home care settings. These are different from stairway chair lifts or elevators. Increase in demand for patient lift technologies is likely to make the patient lifts market highly lucrative for investment. Moreover, rise in the global geriatric & disabled populations, grants from governments & international organizations, technological advancements, rise in hospitalization rate due to increase in incidence of chronic diseases, and surge in adoption of minimally invasive surgeries are likely to boost demand for patient lifts during the forecast period.
Attributes | Details |
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Study Period | 2019-2029 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Hill-rom Holdings, Inc. (United States), Stryker (United States), Invacare (United States), Drive Medical (United States), GF Health (United States), NAUSICAA Medical (France) and Liko (United States) |
This growth is primarily driven by 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.
Globally, a noticeable market trend is evident Growing Penetration of Technology in Healthcare Sector Major Players, such as Hill-rom Holdings, Inc. (United States), Stryker (United States), Invacare (United States), Drive Medical (United States), GF Health (United States), NAUSICAA Medical (France) and Liko (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. 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.
Key Developments in the Market:
In April 2021 ,Esense is the ideal solution to move heavy mobile care products. Sensors feel the natural push force of the user and translate this to a smooth electric drive support. and Esense is available as integrated system on esense patient lifts and as built-in system for integration on a wide range of products, like facility trolleys, hospital beds and medical equipment.
Influencing Trend:
Growing Penetration of Technology in Healthcare Sector
Market Growth Drivers:
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
Challenges:
Persistent Difficulties in Handling Bariatric Patients
Restraints:
Lack of Training Provided to Caregivers for the Efficient Operation of Patient Handling
Opportunities:
Growing Patient Volume in Nursing Homes and Rising Demand for Home Healthcare
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Electric Patient Lifts Market
- Analysis about New Entrants in Electric Patient Lifts Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Electric Patient Lifts Study Sheds Light on
The Electric Patient Lifts Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Electric Patient Lifts industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Electric Patient Lifts industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.