Market Overview:
The global electric patient lifts market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of chronic diseases, rising geriatric population, and growing demand for home healthcare services. Based on type, the electric patient lifts market can be segmented into slings type and ceiling hoists. Slings type is further sub-segmented into manual slings and powered slings. Powered slings are expected to grow at a higher CAGR during the forecast period as they offer ease of use and safety features such as load sensors that prevent overloading of patients. Ceiling hoists are used in hospitals, nursing homes, or other large care facilities where there is enough space for installation. Other types include mobile patient lifts and bariatric patient lifts. Based on application, the electric patient lifts market can be segmented into hospital, nursing homes, homecare settings (such as assisted living facilities), and other applications (including military hospitals/clinics). Hospitals are expected to account for a major share of the global electric patient lift market due to increasing number of surgeries being performed in these settings coupled with rising demand for post-operative care services outside ICUs/wards setting . Nursing homes are also anticipated to witness significant growth during the forecast period owing to growing geriatric population across various regions worldwide .
Product Definition:
Electric patient lifts are devices that use electricity to help lift and move people. They are often used in hospitals, nursing homes, and other care facilities. Electric patient lifts can be helpful for moving people who are unable to move themselves.
Slings Type:
A slings type is a device used to transfer patients from one place to another. It's basically an elastic band with two handles at the ends, which can be looped and tied around the patient for carrying or transporting them. They are mostly used in medical settings by professionals who work on bedside manner such as nurses, doctors, physical therapists and other allied health professionals.
Ceiling Hoists:
Ceiling hoists are used in electric patient lifts to provide support for patients or visitors who need assistance while entering or leaving a room. They are also used to help patients get into and out of bed, thereby enabling them with independent mobility.
Patient lifts can be motorized using either AC (power) or DC power sources. The choice of power source depends on the design and functionality required by the patient lift system.
Application Insights:
Based on application, the global electric patient lifts market is segmented into hospital, home, and others. The hospital segment dominated the market in 2017 owing to increasing geriatric population and rising number of hospitals at a domestic level. Moreover, government initiatives such as National Health Mission (NHM) in India to provide better healthcare facilities at an affordable cost will boost product demand over the forecast period.
The home healthcare sector has witnessed tremendous growth over the past few years due to growing awareness about personal hygiene among consumers regarding their health conditions. Rising preference for wheelchairs due to increased mobility problems will also drive this industry further resulting in increased demand for patient lifts across countries such as China and India where this service is most needed by patients suffering from mobility problems or from age-related ailments who require assistance with getting around town or up/down stairs while using their own walkers or canes/ crutches during medical checkups at doctors offices & clinics.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of well-established healthcare infrastructure, high patient awareness levels coupled with relatively higher health expenditure levels. Moreover, quick adoption of advanced technologies and growing preference for homecare are some other factors driving regional growth. The U.S.-based companies have been consistently investing in research & development activities to introduce technologically advanced products that meet evolving needs of patients and their families.
Asia Pacific is expected to witness lucrative growth over the forecast period owing to increasing geriatric population base, which requires constant medical attention at home as well as hospitals; rising incidence of chronic diseases such as cardiovascular disorders, respiratory problems, diabetes etc.; and improving healthcare facilities in this region due to government initiatives such as “Hospital Improvement Program†(HIP). These factors are anticipated to boost demand for electric lifts across Asia Pacific during the forecast period.
Growth Factors:
- Increasing geriatric population: The global geriatric population is expected to grow at a CAGR of 6.5% from 2016 to 2020, reaching nearly 1.6 billion by 2020. This growing population is increasingly susceptible to chronic diseases such as cancer, heart disease, and stroke, which leads to increased demand for electric patient lifts for safe and comfortable patient handling and transport.
- Technological advancements: Electric patient lifts are becoming more sophisticated with the advent of new technologies such as load sensors that prevent overloads and integrated battery packs that provide extended run times between charges. These technological advancements are making electric patient lifts more efficient and user-friendly, thereby driving their growth in the market.
- Rising healthcare expenditure: Globally, healthcare expenditure is increasing due to factors such as aging populations, rising income levels, and expanding insurance coverage across geographies. This is leading hospitals and other care facilities to invest in electric patient lifts for safe handling of patients across all care settings – from hospitals to homecare settings – thereby driving the market growth further..
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Patient Lifts Market Research Report
By Type
Slings Type, Ceiling Hoists, Other
By Application
Hospital, Nursing Homes, Home, Other
By Companies
Hill-Rom Holdings, Stryker, Invacare, Drive Medical, GF Health, NAUSICAA Medical, Liko, Hoyer Lifts, Addus Homecare, Handicare International
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Electric Patient Lifts Market Report Segments:
The global Electric Patient Lifts market is segmented on the basis of:
Types
Slings Type, Ceiling Hoists, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Nursing Homes, Home, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Hill-Rom Holdings
- Stryker
- Invacare
- Drive Medical
- GF Health
- NAUSICAA Medical
- Liko
- Hoyer Lifts
- Addus Homecare
- Handicare International
Highlights of The Electric Patient Lifts Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Slings Type
- Ceiling Hoists
- Other
- By Application:
- Hospital
- Nursing Homes
- Home
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electric Patient Lifts Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electric Patient Lifts are a type of medical equipment that help patients with mobility issues get from one place to another. They are powered by electricity and can be used in hospitals, nursing homes, and other healthcare facilities.
Some of the major players in the electric patient lifts market are Hill-Rom Holdings, Stryker, Invacare, Drive Medical, GF Health, NAUSICAA Medical, Liko, Hoyer Lifts, Addus Homecare, Handicare International.
The electric patient lifts market is expected to grow at a compound annual growth rate of 5.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electric Patient Lifts Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Electric Patient Lifts Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electric Patient Lifts Market - Supply Chain
4.5. Global Electric Patient Lifts Market Forecast
4.5.1. Electric Patient Lifts Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electric Patient Lifts Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electric Patient Lifts Market Absolute $ Opportunity
5. Global Electric Patient Lifts Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Electric Patient Lifts Market Size and Volume Forecast by Type
5.3.1. Slings Type
5.3.2. Ceiling Hoists
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electric Patient Lifts Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Electric Patient Lifts Market Size and Volume Forecast by Application
6.3.1. Hospital
6.3.2. Nursing Homes
6.3.3. Home
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electric Patient Lifts Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Electric Patient Lifts Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Electric Patient Lifts Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Electric Patient Lifts Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Electric Patient Lifts Demand Share Forecast, 2019-2026
9. North America Electric Patient Lifts Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Electric Patient Lifts Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Electric Patient Lifts Market Size and Volume Forecast by Application
9.4.1. Hospital
9.4.2. Nursing Homes
9.4.3. Home
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electric Patient Lifts Market Size and Volume Forecast by Type
9.7.1. Slings Type
9.7.2. Ceiling Hoists
9.7.3. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Electric Patient Lifts Demand Share Forecast, 2019-2026
10. Latin America Electric Patient Lifts Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Electric Patient Lifts Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Electric Patient Lifts Market Size and Volume Forecast by Application
10.4.1. Hospital
10.4.2. Nursing Homes
10.4.3. Home
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electric Patient Lifts Market Size and Volume Forecast by Type
10.7.1. Slings Type
10.7.2. Ceiling Hoists
10.7.3. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Electric Patient Lifts Demand Share Forecast, 2019-2026
11. Europe Electric Patient Lifts Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Electric Patient Lifts Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Electric Patient Lifts Market Size and Volume Forecast by Application
11.4.1. Hospital
11.4.2. Nursing Homes
11.4.3. Home
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electric Patient Lifts Market Size and Volume Forecast by Type
11.7.1. Slings Type
11.7.2. Ceiling Hoists
11.7.3. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Electric Patient Lifts Demand Share, 2019-2026
12. Asia Pacific Electric Patient Lifts Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Electric Patient Lifts Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Electric Patient Lifts Market Size and Volume Forecast by Application
12.4.1. Hospital
12.4.2. Nursing Homes
12.4.3. Home
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electric Patient Lifts Market Size and Volume Forecast by Type
12.7.1. Slings Type
12.7.2. Ceiling Hoists
12.7.3. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Electric Patient Lifts Demand Share, 2019-2026
13. Middle East & Africa Electric Patient Lifts Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Electric Patient Lifts Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Electric Patient Lifts Market Size and Volume Forecast by Application
13.4.1. Hospital
13.4.2. Nursing Homes
13.4.3. Home
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electric Patient Lifts Market Size and Volume Forecast by Type
13.7.1. Slings Type
13.7.2. Ceiling Hoists
13.7.3. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Electric Patient Lifts Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electric Patient Lifts Market: Market Share Analysis
14.2. Electric Patient Lifts Distributors and Customers
14.3. Electric Patient Lifts Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Hill-Rom Holdings
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Stryker
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Invacare
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Drive Medical
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. GF Health
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. NAUSICAA Medical
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Liko
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Hoyer Lifts
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Addus Homecare
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Handicare International
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
