Patient lift system are devices that help move and transfer patients from one location to another (for example, chair to stretcher, or bed to bath). Hospitals, nursing homes, and home care facilities all use patient lift systems to safe transfer patient. These are not the same as elevators or stairway chair lifts. Patient lift systems are very much convinient for both patient and caregivers as it give hassle free transfer of patient. The key driving factors for patient lift systems market are, growing bariatric and geriatric population across the globe along with growing hospitalization due to chronic and acute ailments.
MARKET SCOPE
The "Global Patient Lift Systems Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the patient lift systems market with detailed market segmentation by type and end user. The report provides key statistics on the market status of the leading patient lift systems market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type the market is segmented as, full body mobile lifts, sit-to-stand mobile lifts and bariatric mobile lifts.
- Based on end users the market is segmented as, hospitals and home care settings.
MARKET DYNAMICS
Drivers:
- Growing bariatric and geriatric population across the globe is the major driver for the market growth.
- Growing hospitalization due to chronic and acute ailments.
- There is a high chances of injuries to caregivers and doctors during the manual handling and transferring of patients
Restraints:
- However, dearth of skilled professionals for handliing of such systems is expected to restrain market growth during the forecast period.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The patient lift systems market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the patient lift systems market in these regions.
IMPACT OF COVID-19 ON PATIENT LIFT SYSTEMS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the patient lift systems market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from patient lift systems market are anticipated to lucrative growth opportunities in the future with the rising demand for patient lift systems in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the patient lift systems market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Arjo
- Drive DeVilbiss International
- GF HEALTH PRODUCTS, INC
- Guldmann
- Handicare
- Hill-Rom Services, Inc
- Invacare Corporation
- Joerns Healthcare LLC
- Medline Industries, Inc
- Prism Medical UK