Patient Mechanical Lift Handling Equipment Market Scope
The patient mechanical lift handling equipment market is expected to grow in the future due to the increasing demand for advanced technological equipment to handle patients with more care. Patient Mechanical Lift Handling Equipment has gained widespread acceptance by diverse departments such as orthopedics, neurology, rehabilitation, and bariatric surgeries, critical care units, etc. It provides the greatest contributions in assisting the patients from one place to another place.
The Patient Mechanical Lift Handling Equipment market study is segmented by Type (Stand Up & Raising Lifts/Aids, Overhead/Ceiling Lifts, Floor-Based Lifts, Gantry Lifts, Powered Sit-To-Stand Lifts, Bath Patient Lifters and Others), by Application (Long Term Care, Bariatric Care, Acute and Critical Care, Wound Care, Fall Prevention and Others) and major geographies with country level break-up.
The growing emergency units in the hospital and increasing demand for patient equipment devices in hospitals other healthcare units is mandatory nowadays. The Top leading firms are launching their innovative device for easy tasking of hospitals and patients as well. There are also some mergers and acquisitions are taking place to enhance the business strategies of firms. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Patient Mechanical Lift Handling Equipment market throughout the predicted period.
Stryker Corporation (United States), Hill-Rom Holdings Inc. (United States), Invacare Corporation (United States), Guldmann Inc. (United States), Getinge Group (Sweden), Handicare Group AB (Sweden), Gainsborough Specialist Bathing (United Kingdom), Mangar International, Inc. (United Kingdom), Prism Medical UK (United Kingdom), Joerns Healthcare, Inc. (United States) and Stiegelmeyer, Inc. (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Benmor Medical Ltd. (United Kingdom), Sidhil Ltd. (United Kingdom) and Etac Ltd. (Sweden).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Patient Mechanical Lift Handling Equipment market by Type, Application and Region.
On the basis of geography, the market of Patient Mechanical Lift Handling Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
In Des 2019, Prism Medical Healthcare (Prism Medical) has completed the acquisition of Harvest Healthcare Ltd (Harvest). The acquisition of Harvest is Prism Medical’s third acquisition in under a year since Limerston Capital acquired a controlling stake in the company in December 2018.
In Feb 2020, Guldmann launches the new sling strap with “smart loop” technology. By using modern weaving techniques to produce the “smart loop” sling strap, the product becomes homogeneous and even stronger as the tolerances are improved by producing the entire sling strap and loops in one-piece. This relatively small change may have a great impact on working procedures within the moving and handling of patients.
The US FDA under medical devices in that product and medical procedures, General Hospital devices and supplies regulates the patient handling ,types of equipment following are some of the are as follows:, The FDA has announced a list of best practices that, when should be followed, can help meet the risks related to patient lifts. Users of patient lifts should:, • Should have the training and understand the working to operate lifts and • Match the lift and patients weight, sling used should be approved for patient handling equipment
Market Trend
- Technological Innovation in Patient Mechanical Lift Handling Equipment
Market Drivers
- Increasing Number of Musculoskeletal Injuries
- Rising Incidence of Chronic Conditions and Trauma Injuries
Opportunities
- Improvement in Healthcare Infrastructure by Various Government Initiatives
- Increasing Healthcare Expenditure across the Globe
- Growing Safety Concerns in Hospital units
Restraints
- Lack of Proper Budget Allocation
- High Cost of the Equipment
Challenges
- Dearth of Awareness among Patients mostly in Developing and Under-Developed
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Patient Mechanical Lift Handling Equipment Manufacturers, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Research Organizations and End-Users
Customization available in this Study:
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase