A Global Patient Lifting Equipment Market Research Report from Emergen Research has been formulated by analyzing key business details and an extensive geographic spread of the Patient Lifting Equipment industry, encompassing key business details and extensive geographical coverage. In addition to providing crucial statistical data about the Patient Lifting Equipment market, this study covers qualitative and quantitative aspects of the Patient Lifting Equipment market. In addition to historical data from 2017 to 2018, the research study provides an accurate forecast until 2027 for the Patient Lifting Equipment market. A comprehensive analysis of established and emerging players in the market is summarized in the report. The report also covers the business overview, the product portfolio, and the strategic alliances and expansion strategies of the companies.
According to the most recent analysis by Emergen Research, the size of the global market for patient lifting equipment is anticipated to reach USD 14.24 billion in 2032 and see a revenue CAGR of 12.7% during that time. One of the elements influencing the market’s revenue growth is the rising danger of damage to healthcare professionals when handling patients physically. The Healthcare and Social Assistance sector (HCSA) has one of the highest and most consistently rising rates of occupational diseases and injuries. The Bureau of Labour Statistics (BLS) reports that in 2020, there will be a 40% increase in accident and illness cases. Nursing assistants had the highest frequency of musculoskeletal disorders of any job in 2020, with 15,360 cases. Musculoskeletal issues accounted for 52% of all nursing assistant absences from the workplace. As a result, the demand for patient lifting equipment is anticipated to grow over the forecast period.
Due to movement restrictions and lockdowns due to the current COVID-19 pandemic, the growth of the Patient Lifting Equipment industry is expected to be negatively affected. In addition to the impact of the COVID-19 pandemic on numerous global markets, the Patient Lifting Equipment industry is expected to feel the effect as well. The slowdown in economic growth and dynamic changes in demand will further affect industry growth. The report covers the impact analysis of the COVID-19 pandemic on the overall Patient Lifting Equipment industry.
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Global Patient Lifting Equipment Market Highlights:
Regional demand estimation and forecast
Product Mix Matrix
R&D Analysis
Cost-Benefit Analysis
Pre-commodity pricing volatility
Supply chain optimization analysis
Technological updates analysis
Raw Material Sourcing Strategy
Competitive Analysis
Mergers & Acquisitions
Location Quotients Analysis
Carbon Footprint Analysis
Patent Analysis
Vendor Management
Competitive Landscape:
The latest study provides an insightful analysis of the broad competitive landscape of the global Patient Lifting Equipment market, emphasizing the key market rivals and their company profiles. A wide array of strategic initiatives, such as new business deals, mergers & acquisitions, collaborations, joint ventures, technological upgradation, and recent product launches, undertaken by these companies has been discussed in the report. The report analyzes various elements of the market’s competitive scenario, such as the regulatory standards and policies implemented across the industry over recent years. Our team of experts has leveraged several powerful analytical tools, such as Porter’s Five Forces analysis and SWOT analysis, to deliver a comprehensive overview of the global Patient Lifting Equipment market and pinpoint the fundamental growth trends.
Arjo, DJO, LLC, Medical Depot, Inc. dba Drive DeVilbiss Healthcare, Etac AB, GF Health Products, Inc., Guldmann Inc., Handicare, Invacare Corporation, Joerns Healthcare LLC, Medline Industries, LP
Key Parameters Analyzed in This Section:
Company Profiles
Gross Revenue
Profit margins
Product sales trends
Product pricing
Industry Analysis
Sales & distribution channels
Regional Segmentation:
North America
Latin America
Europe
Middle East & Africa
Asia Pacific
Key Points Covered in This Section:
Regional contribution
Estimated revenue generation
Vital data and information about the consumption rate in all the leading regional segments
An expected rise in market share
Forecast growth in the overall consumption rate
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Product Type Segmentation & Application Segmentation:
Product Outlook (Revenue, USD Billion; 2019–2032)
Ceiling Lifts
Star & Wheelchair Lifts
Mobile Lifts
Sit-To-Stand Lifts
Bath & Pool Lifts
Lifting Slings
Lifting Accessories
End-Use Outlook (Revenue, USD Billion; 2019–2032)
Hospitals
Home Care Settings
Elderly Care Facilities
Others
Regional Outlook (Revenue, USD Billion, 2019–2032)
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
France
Spain
BENELUX
Rest of Europe
Asia Pacific (APAC)
China
India
Japan
South Korea
Rest of APAC
Latin America (LATAM)
Brazil
Rest of LATAM
Middle East & Africa (MEA)
Saudi Arabia
UAE
Israel
Rest of MEA
Report Highlights:
Besides offering a vivid depiction of the global Patient Lifting Equipment business sphere and its fundamental operations, the latest report provides the industrial chain analysis and list down the current and future market trends and growth opportunities.
The report includes information on the present and historical market scenarios, which helps forecast the market conditions over the next eight years (2020-2027).
The report scrutinizes the salient factors influencing the growth of the market in the near future.
The strategic marketing recommendations, crucial information related to the new market entrants, and expansion plans of various businesses are poised to provide the reader with a competitive edge in the market.
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Author: Komal Shinde
