According to a new market research study titled ‘Patient Mechanical Lift Handling Equipment Market to 2027 – Global Analysis and Forecasts by Product, End User and Geography. The global patient mechanical lift handling equipment market is expected to reach US$ 2,715.37 Mn in 2027 from US$ 1,197.58 Mn in 2018. The market is estimated to grow with a CAGR of 9.6% from 2019-2027. The market is likely to grow due to the advantages of the patient mechanical lift handling equipment that used for the helping caregivers to provide assistance in the lift and handling patients. The mechanical equipment assist caregiver and patient itself in a great way. The equipment helps to recover patient faster and make them independent.
The patient mechanical lift handling equipment are the devices used for lifting, handling and transferring patients form one position to other place or position. The lifting devices are different from the stairway chair lift or elevators. The patient mechanical lift and handling equipment are operated by electricity or battery. These devices provide various benefits which include reduced risk of injuries to patient and caregivers. Across the world various regions have imposed mandatory laws of safe patient handling for the patient lifts to transfer patient.
Global patient mechanical lift handling equipment market was segmented by product and end user. The product segment was segmented into standup and raising lifts/aid, overhead/ceiling lifts, floor-based lifts, gantry lifts, powered sit-to-stand lifts, bath patient lifters and others. Likewise, the end user segment is classified as homecare, hospitals, elderly care homes and others. The hospitals segment held the largest share among the end user segment. However, the elderly care home segment is expected to be the fastest growing segment due to the rising number of older population across the world.
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The patient mechanical lift handling equipment is an emerging market in nature with good and countable number of players, having considerable revenue in the market. Most of the companies operating in the global patient mechanical lift handling equipment market offer patient mechanical lift handling equipment such as slings, ceiling lifts, floor based lifts, bathing lifts and others. The lifts are used to lift elderly people and disabled people and people suffering from chronic diseases.
The most notable market participants are Gainsborough Specialist Bathing, Getinge Group, Handicare Group AB, Hill-Rom Holding Inc, Invacare Corporation, Joerns Healthcare, Inc., Mangar International, Inc, Stryker Corporation, Sunrise Medical LLC, and V.Guldman A/S (Guldmannn Inc.) among the others have occupied a considerable share of the market owing to their product offerings to the market.
Market leaders are involved in organic and inorganic growth strategies in the patient mechanical lift handling equipment market. For instance, the companies have maximized their growth with several organic strategies to enhance the market value and position in the market. The organic developments in the market were maximum among the development in the patient mechanical lift handling equipment.
The market has experienced several organic and inorganic strategies such as product launch, partnership, and acquisition activities that has resulted positively for the growth of the market. These strategies have helped players and markets to strengthen their product portfolio and help patients and caregivers in a great way.
Below is the list of the inorganic and organic strategies done by the players operating in the patient mechanical lift handling equipment market:
Gainsborough Specialist Bathrooms is looking forward to showcase it products and technology at the residential and home care show on 26-27 June 2019. The company is aiming to showcase On stand D14, a specialist wet rooms, Getona Bath and Sentes Bath.
Guldmann Inc. has launched digital medical scaling device and is integrated with the the GH3+ lifting module. The integrated class III scale is used for the medical weighing of patients during lift using a sling.
Gainsborough Specialist Bathrooms has partnered with a leading CAD software company. The partnership is aimed to provide holistic approach that will facilitates advanced bathing care for patients; service providers; and other healthcare service providers
Handicare Group AB has acquired a Colorado based distributed to sell its patient handling and transfer products in eleven states in the US. In the states Handicare had limited distribution before acquisition.
Handicare Group AB launched its new product at Rehacare which is the largest trade fair for the rehabilitation and care industry. The company introduced the improved version of PhotoSurvey: PhotoSurvey4D (PS4D). The system has latest technology in staircase measurement.
Guldmann Inc. announced making of its repositioning Sling with polyester and TENCEL material that provides extra comfort for users with particularly sensitive skin.
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