Market growth is largely driven by factors such as increasing research 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.
The patient lifting equipment market is projected to reach USD 5.4 billion in 2024 from USD 3.0 billion in 2019, at CAGR of 12.7% during the forecast period.
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Patient Lifting Equipment Market
However, the lack of training provided to caregivers for the efficient operation of patient handling equipment is expected to restrain the growth of this market during the forecast period.
Recent Developments:
- In August 2016 GF Health products launched Lumex Pro Battery-Powered Floor Lift in the Mobile lift segment.
- In October 2018, Etac launched two new products, Molift Raiser pro in Sit to Stand segment
- In September 2016, Handicare acquired Prism Medical (US & Canada), one of the leading manufacturers of fixed ceiling lifts, portable ceiling lifts, floor lifts, slings, and other ancillary patient handling products.
Top Key Players
The major companies in the 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.
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