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What Is the Forecast for the Patient Lifting Equipment Market from 2024 to 2025?

In recent years, there has been a significant expansion in the market size of patient lifting equipment. It is projected to increase from $4.91 billion in 2024 to $5.34 billion by 2025, representing a compound annual growth rate (CAGR) of 8.8%. The historical growth trend can be linked to several factors. Among these are the development of healthcare infrastructure, an increase in the prevalence of hospitals, nursing homes, and assisted living facilities. Other contributing factors include a shift towards home healthcare approaches, a rise in healthcare spending, and a growing requirement for long-term care services.

What Is the Projected Market Size of the Patient Lifting Equipment Market?

Expectations are high for a robust expansion of the patient lifting equipment market in the coming years. The anticipated escalation is set to reach $7.4 billion by 2029, progressing at an 8.5% CAGR. Factors largely contributing to this forecast growth period include globally aging demographics, an increase in mobility-related ailments, escalating instances of chronic diseases causing long-term immobility, a rising count of physically impaired individuals, and extended life expectancy rates. Key trends during this expected growth timeframe consist of IoT and smart features integration into lifting apparatus, progress in patient handling automation, the creation of more lightweight, compact design features, increased battery lifespan and ease of powered lifts transportation, along with the improvement of safety features in contemporary devices.

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Who are the Major Competitors in the Patient Lifting Equipment Market Outlook?

Major companies operating in the patient lifting equipment market are Medline Industries Inc., Stryker Corporation, Baxter International Inc., Arjo AB, Savaria Corporation, Drive DeVilbiss Healthcare, Invacare Corporation, Joerns Healthcare LLC, Proactive Medical, Etac AB, GF Health Products Inc., Prism Medical UK Ltd., Handicare Group, EZ Way Inc., V. Guldmann A/S, SureHands Lift & Care Systems, Bestcare, Texas Medical Industries Inc., Benmor Medical Ltd., Vancare Inc., Antano Group.

What Is Fueling Growth in the Patient Lifting Equipment Market?

The projected increase in disability rates is expected to prop up the expansion of the patient lifting equipment market in the foreseeable future. Disabilities, which could be physical, mental, cognitive, or sensory, drastically inhibit an individual’s capacity for carrying out daily tasks or fully participating in social interactions. The upward trend in disabilities is fueled by an aging global populace, which amplifies the occurrence of chronic illnesses and age-associated impairments that lead to enduring functional limitations. The surge in disabilities bolsters the necessity for patient lifting equipment, as those with mobility issues typically need mechanized aid for secure and comfortable transfers, diminishing the potential for injuries to patients and caregivers alike. For example, in October 2024, the House of Commons Library – a library and information source of the lower parliamentary house of Britain – reported that approximately 16.1 million people in the UK were classified as disabled during the fiscal year 2022/23, composing nearly a quarter (24%) of the entire populace. Thus, the proliferating incidence of disabilities is set to catalyze the growth of the patient lifting equipment market.

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Which Patient Lifting Equipment Market Segments Are Growing the Fastest?

The patient lifting equipment market covered in this report is segmented –

1) By Type: Bariatric Care, Fall Prevention, Critical Care, Wound Care

2) By Product: Ceiling Lifts, Stair And Wheelchair Lifts, Mobile Lifts, Sit-To-Stand Lifts, Bath And Pool Lifts, Lifting Slings, Lifting Accessories

3) By Weight: Below 250 Lbs, 250-500 Lbs, 500-1000 Lbs, Above 1000 Lbs

4) By End-User: Hospitals And Healthcare Facilities, Nursing Homes And Assisted Living Facilities, Home Healthcare, Rehabilitation Centers, Emergency Responders, Other End-Users

Subsegments:

1) By Bariatric Care: Bariatric Beds, Bariatric Patient Lifts, Bariatric Wheelchairs And Transport Chairs, Bariatric Slings, Bariatric Stretchers

2) By Fall Prevention: Floor Lifts, Sit-To-Stand Lifts, Transfer Aids, Fall Alarms And Monitoring Devices

3) By Critical Care: Medical Beds, ICU Stretchers, Patient Transfer Devices, Critical Care Lifts

4) By Wound Care: Pressure Relief Mattresses, Lateral Transfer Devices, Turning And Repositioning Systems, Specialty Beds For Wound Management

Which Industry Trends Are Shaping the Future of the Patient Lifting Equipment Market?

Leading companies in the patient lifting equipment market are focusing their efforts on creating innovative solutions, such as patient transfer lifts, to enhance efficiency in caregiving by reducing the physical strain and time required. Patient transfer lifts are tools that assist in safely transferring individuals with restricted mobility between different positions or surfaces, like moving from a bed to a wheelchair or from a chair to a toilet. For example, in July 2023, a leading provider of accessibility solutions in the US, EZ-ACCESS, introduced the ORBIT patient transfer lift. This product has a unique design with an articulating arm and a pivoting stanchion that together can rotate a full 360 degrees, providing exceptional mobility. The ability to rotate fully increases flexibility and accessibility within domestic and care facility settings. Two height options cater to ceiling heights from 8 to 12 feet and its compact design promotes spatial efficiency. Moreover, the arm features three adjustable height positions, can clear doorways and is offered in four- and five-foot length options.

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Which Countries Are Leading the Patient Lifting Equipment Market?

North America was the largest region in the patient lifting equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the patient lifting equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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This Report Delivers Insight On:

1. How big is the patient lifting equipment market, and how is it changing globally?

2. Who are the major companies in the patient lifting equipment market, and how are they performing?

3. What are the key opportunities and risks in the patient lifting equipment market right now?

4. Which products or customer segments are growing the most in the patient lifting equipment market?

5. What factors are helping or slowing down the growth of the patient lifting equipment market?

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