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.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
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
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Patient Lift Systems Market - By Type
1.3.2 Patient Lift Systems Market - By End Users
1.3.3 Patient Lift Systems Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PATIENT LIFT SYSTEMS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. PATIENT LIFT SYSTEMS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. PATIENT LIFT SYSTEMS MARKET - GLOBAL MARKET ANALYSIS
6.1. PATIENT LIFT SYSTEMS - GLOBAL MARKET OVERVIEW
6.2. PATIENT LIFT SYSTEMS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. PATIENT LIFT SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. FULL BODY MOBILE LIFTS
7.3.1. Overview
7.3.2. Full Body Mobile Lifts Market Forecast and Analysis
7.4. SIT-TO-STAND MOBILE LIFTS
7.4.1. Overview
7.4.2. Sit-To-Stand Mobile Lifts Market Forecast and Analysis
7.5. BARIATRIC MOBILE LIFTS
7.5.1. Overview
7.5.2. Bariatric Mobile Lifts Market Forecast and Analysis
8. PATIENT LIFT SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - END USERS
8.1. OVERVIEW
8.2. END USERS MARKET FORECASTS AND ANALYSIS
8.3. HOSPITALS
8.3.1. Overview
8.3.2. Hospitals Market Forecast and Analysis
8.4. HOME CARE SETTINGS
8.4.1. Overview
8.4.2. Home Care Settings Market Forecast and Analysis
9. PATIENT LIFT SYSTEMS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Patient Lift Systems Market Overview
9.1.2 North America Patient Lift Systems Market Forecasts and Analysis
9.1.3 North America Patient Lift Systems Market Forecasts and Analysis - By Type
9.1.4 North America Patient Lift Systems Market Forecasts and Analysis - By End Users
9.1.5 North America Patient Lift Systems Market Forecasts and Analysis - By Countries
9.1.5.1 United States Patient Lift Systems Market
9.1.5.1.1 United States Patient Lift Systems Market by Type
9.1.5.1.2 United States Patient Lift Systems Market by End Users
9.1.5.2 Canada Patient Lift Systems Market
9.1.5.2.1 Canada Patient Lift Systems Market by Type
9.1.5.2.2 Canada Patient Lift Systems Market by End Users
9.1.5.3 Mexico Patient Lift Systems Market
9.1.5.3.1 Mexico Patient Lift Systems Market by Type
9.1.5.3.2 Mexico Patient Lift Systems Market by End Users
9.2. EUROPE
9.2.1 Europe Patient Lift Systems Market Overview
9.2.2 Europe Patient Lift Systems Market Forecasts and Analysis
9.2.3 Europe Patient Lift Systems Market Forecasts and Analysis - By Type
9.2.4 Europe Patient Lift Systems Market Forecasts and Analysis - By End Users
9.2.5 Europe Patient Lift Systems Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Patient Lift Systems Market
9.2.5.1.1 Germany Patient Lift Systems Market by Type
9.2.5.1.2 Germany Patient Lift Systems Market by End Users
9.2.5.2 France Patient Lift Systems Market
9.2.5.2.1 France Patient Lift Systems Market by Type
9.2.5.2.2 France Patient Lift Systems Market by End Users
9.2.5.3 Italy Patient Lift Systems Market
9.2.5.3.1 Italy Patient Lift Systems Market by Type
9.2.5.3.2 Italy Patient Lift Systems Market by End Users
9.2.5.4 Spain Patient Lift Systems Market
9.2.5.4.1 Spain Patient Lift Systems Market by Type
9.2.5.4.2 Spain Patient Lift Systems Market by End Users
9.2.5.5 United Kingdom Patient Lift Systems Market
9.2.5.5.1 United Kingdom Patient Lift Systems Market by Type
9.2.5.5.2 United Kingdom Patient Lift Systems Market by End Users
9.2.5.6 Rest of Europe Patient Lift Systems Market
9.2.5.6.1 Rest of Europe Patient Lift Systems Market by Type
9.2.5.6.2 Rest of Europe Patient Lift Systems Market by End Users
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Patient Lift Systems Market Overview
9.3.2 Asia-Pacific Patient Lift Systems Market Forecasts and Analysis
9.3.3 Asia-Pacific Patient Lift Systems Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Patient Lift Systems Market Forecasts and Analysis - By End Users
9.3.5 Asia-Pacific Patient Lift Systems Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Patient Lift Systems Market
9.3.5.1.1 Australia Patient Lift Systems Market by Type
9.3.5.1.2 Australia Patient Lift Systems Market by End Users
9.3.5.2 China Patient Lift Systems Market
9.3.5.2.1 China Patient Lift Systems Market by Type
9.3.5.2.2 China Patient Lift Systems Market by End Users
9.3.5.3 India Patient Lift Systems Market
9.3.5.3.1 India Patient Lift Systems Market by Type
9.3.5.3.2 India Patient Lift Systems Market by End Users
9.3.5.4 Japan Patient Lift Systems Market
9.3.5.4.1 Japan Patient Lift Systems Market by Type
9.3.5.4.2 Japan Patient Lift Systems Market by End Users
9.3.5.5 South Korea Patient Lift Systems Market
9.3.5.5.1 South Korea Patient Lift Systems Market by Type
9.3.5.5.2 South Korea Patient Lift Systems Market by End Users
9.3.5.6 Rest of Asia-Pacific Patient Lift Systems Market
9.3.5.6.1 Rest of Asia-Pacific Patient Lift Systems Market by Type
9.3.5.6.2 Rest of Asia-Pacific Patient Lift Systems Market by End Users
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Patient Lift Systems Market Overview
9.4.2 Middle East and Africa Patient Lift Systems Market Forecasts and Analysis
9.4.3 Middle East and Africa Patient Lift Systems Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Patient Lift Systems Market Forecasts and Analysis - By End Users
9.4.5 Middle East and Africa Patient Lift Systems Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Patient Lift Systems Market
9.4.5.1.1 South Africa Patient Lift Systems Market by Type
9.4.5.1.2 South Africa Patient Lift Systems Market by End Users
9.4.5.2 Saudi Arabia Patient Lift Systems Market
9.4.5.2.1 Saudi Arabia Patient Lift Systems Market by Type
9.4.5.2.2 Saudi Arabia Patient Lift Systems Market by End Users
9.4.5.3 U.A.E Patient Lift Systems Market
9.4.5.3.1 U.A.E Patient Lift Systems Market by Type
9.4.5.3.2 U.A.E Patient Lift Systems Market by End Users
9.4.5.4 Rest of Middle East and Africa Patient Lift Systems Market
9.4.5.4.1 Rest of Middle East and Africa Patient Lift Systems Market by Type
9.4.5.4.2 Rest of Middle East and Africa Patient Lift Systems Market by End Users
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Patient Lift Systems Market Overview
9.5.2 South and Central America Patient Lift Systems Market Forecasts and Analysis
9.5.3 South and Central America Patient Lift Systems Market Forecasts and Analysis - By Type
9.5.4 South and Central America Patient Lift Systems Market Forecasts and Analysis - By End Users
9.5.5 South and Central America Patient Lift Systems Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Patient Lift Systems Market
9.5.5.1.1 Brazil Patient Lift Systems Market by Type
9.5.5.1.2 Brazil Patient Lift Systems Market by End Users
9.5.5.2 Argentina Patient Lift Systems Market
9.5.5.2.1 Argentina Patient Lift Systems Market by Type
9.5.5.2.2 Argentina Patient Lift Systems Market by End Users
9.5.5.3 Rest of South and Central America Patient Lift Systems Market
9.5.5.3.1 Rest of South and Central America Patient Lift Systems Market by Type
9.5.5.3.2 Rest of South and Central America Patient Lift Systems Market by End Users
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. PATIENT LIFT SYSTEMS MARKET, KEY COMPANY PROFILES
11.1. ARJO
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. DRIVE DEVILBISS INTERNATIONAL
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. GF HEALTH PRODUCTS, INC
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. GULDMANN
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. HANDICARE
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. HILL-ROM SERVICES, INC
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. INVACARE CORPORATION
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. JOERNS HEALTHCARE LLC
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. MEDLINE INDUSTRIES, INC
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. PRISM MEDICAL UK
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
- 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
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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