Market Overview:
The global medical elevators 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 demand for medical elevators in hospitals, clinics, and nurseries across the globe. Additionally, factors such as technological advancements and rising awareness about safety are also contributing to the growth of this market. Based on type, the global medical elevators market is segmented into bed elevators, heavy loads elevators, patient trolley elevators, and others. The bed elevator segment is expected to account for a major share of the global medical elevator market during the forecast period owing to its growing demand in hospitals across the globe.
Product Definition:
Medical elevators are used to transport patients and medical equipment between different levels of a hospital or healthcare facility. They are an important part of the infrastructure for hospitals, as they enable patients to be transported quickly and easily between different parts of the hospital.
Bed Elevators:
Bed elevators are used to move patients in and out of bed. They are also used for positioning, transferring, and assisting with toilet activities. The growth factor in the medical elevator market is increasing demand for patient transfer equipment that can be effectively utilized by hospital staff as well as visitors during their visits.
Heavy Loads Elevators:
Heavy loads elevators are used in the medical elevator market for patient transfer from ground level to floors. These elevators have a capacity of carrying more than 1000 pounds of weight and can be installed in places where there is no space for a normal elevator.
The global heavy loads elevator market was valued at USD 6,080 million in 2013.
Application Insights:
Based on application, the global medical elevators market is segmented into hospitals, clinics and other healthcare facilities, schools and colleges, nursery facilities, transportation services (airport), and others. The hospital segment dominated the overall market in terms of revenue in 2017. It is also expected to be the fastest-growing segment over the forecast period owing to an increase in number of surgeries coupled with a rise in prevalence of chronic diseases such as cancer across various regions globally.
The transportation services including airport are anticipated to exhibit significant growth over the forecast period due to an increase in air travelers worldwide which has resulted in increased demand for passenger loading/unloading devices such as trolleys and wheelchairs from airports at hotels or guesthouses before check-in for their respective flights. In addition, these service providers require large number of wheelchair accessible vehicles during peak seasons resulting further driving up product demand globally over next seven years.
Regional Analysis:
North America dominated the global market in 2017. The presence of well-developed healthcare infrastructure, high adoption rate of advanced technologies, and favorable reimbursement policies are some factors driving the regional market.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to improving healthcare infrastructure, rising awareness about organ donation & transplantation coupled with economic development in emerging countries such as China and India. Moreover, a large number of foreign investors are focusing on investing in this sector due to rapid economic growth resulting into better facilities for treatment and diagnosis leading higher demand for elevators globally.
Growth Factors:
- Increasing demand for medical elevators in hospitals and clinics owing to the rise in geriatric population and number of surgeries.
- Growing awareness about the benefits of using medical elevators among healthcare professionals, architects, and builders.
- Technological advancements in medical elevator design that offer enhanced safety features and improved performance.
- Rising construction spending on healthcare facilities due to the increasing prevalence of chronic diseases such as cancer, heart disease, etc., which require specialized treatment infrastructure such as surgical theaters, ICUs, etc.
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Elevators Market Research Report
By Type
Bed Elevators, Heavy Loads Elevators, Patient Trolley Elevators, Others
By Application
Hospitals, Clinics, Nursery
By Companies
Otis, Mitsubishi Electric, KONE, Schindler, Toshiba, Sigma, Sanyo, Fujitec, Thyssenkrupp, Orona, Otis
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
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Medical Elevators Market Report Segments:
The global Medical Elevators market is segmented on the basis of:
Types
Bed Elevators, Heavy Loads Elevators, Patient Trolley Elevators, Others
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
Hospitals, Clinics, Nursery
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:
- Otis
- Mitsubishi Electric
- KONE
- Schindler
- Toshiba
- Sigma
- Sanyo
- Fujitec
- Thyssenkrupp
- Orona
- Otis
Highlights of The Medical Elevators 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:
- Bed Elevators
- Heavy Loads Elevators
- Patient Trolley Elevators
- Others
- By Application:
- Hospitals
- Clinics
- Nursery
- 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 Medical Elevators 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Medical elevators are used to transport patients in a stretcher or wheelchair between different floors of a hospital.
Some of the key players operating in the medical elevators market are Otis, Mitsubishi Electric, KONE, Schindler, Toshiba, Sigma, Sanyo, Fujitec, Thyssenkrupp, Orona, Otis.
The medical elevators market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Elevators Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Medical Elevators Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Elevators Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Medical Elevators Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Medical Elevators Market Size & Forecast, 2020-2028
4.5.1 Medical Elevators Market Size and Y-o-Y Growth
4.5.2 Medical Elevators Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Bed Elevators
5.2.2 Heavy Loads Elevators
5.2.3 Patient Trolley Elevators
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Clinics
6.2.3 Nursery
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Elevators Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Medical Elevators Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Bed Elevators
9.6.2 Heavy Loads Elevators
9.6.3 Patient Trolley Elevators
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Clinics
9.10.3 Nursery
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Bed Elevators
10.6.2 Heavy Loads Elevators
10.6.3 Patient Trolley Elevators
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Clinics
10.10.3 Nursery
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Bed Elevators
11.6.2 Heavy Loads Elevators
11.6.3 Patient Trolley Elevators
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Clinics
11.10.3 Nursery
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Bed Elevators
12.6.2 Heavy Loads Elevators
12.6.3 Patient Trolley Elevators
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Clinics
12.10.3 Nursery
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Bed Elevators
13.6.2 Heavy Loads Elevators
13.6.3 Patient Trolley Elevators
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Clinics
13.10.3 Nursery
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Medical Elevators Market: Competitive Dashboard
14.2 Global Medical Elevators Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Otis
14.3.2 Mitsubishi Electric
14.3.3 KONE
14.3.4 Schindler
14.3.5 Toshiba
14.3.6 Sigma
14.3.7 Sanyo
14.3.8 Fujitec
14.3.9 Thyssenkrupp
14.3.10 Orona
14.3.11 Otis
