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Patient lifts are assistive devices designed to lift and transfer patients from one place to another (for example, chair to stretcher, or bed to bath). These are an integral part of hospitals, nursing, and home care settings. These are different from stairway chair lifts or elevators. The two types of patient lifts used commonly are manual and power lifts. Manual patient lifts are operated using hydraulics. Power lifts are operated by rechargeable batteries. Patient lifts offer advantages such as prevention of risk of musculoskeletal injuries while transferring from one place to other. Moreover, it is convenient for caregivers and hospital staff to handle patient with care. Power lifts enable caregivers to focus on the patient and not the lifter. Power lifts are ideal for transferring patients from bed to chair and vice versa, and for bathing, toileting, and showering.

Safe patient handling is a major concern among people living in Europe, the U.S., and countries in the developing regions. Hence, increase in demand for patient lift technologies is likely to make the patient lifts market highly lucrative for investment. Moreover, rise in the global geriatric & disabled populations, grants from governments & international organizations, technological advancements, rise in hospitalization rate due to increase in incidence of chronic diseases, and surge in adoption of minimally invasive surgeries are likely to boost demand for patient lifts during the forecast period. However, high cost of the products and lack of awareness and training to caregivers about the available advanced products are projected to restrain the global patient lifts market.

The global patient lifts market can be segmented based on product type, application, end-user, and region. In terms of product type, the patient lifts market can be bifurcated into electric lifts and hydraulic lifts. Electric lifts is projected to be a lucrative segment during the forecast period, as these lifts offer advantages such as convenience to caregivers, smooth transfer of patients without injury, and ease of transition. Manual lift is used to transfer a patient from one room to another. Manual lift is a better option in areas with limited power supply. Cost effectiveness makes the segment attractive in regions with limited spending capacity. Moreover, manual lifts are most commonly used in home care settings owing to insurance reimbursements and physician recommendations. Based on application, the global patient lifts market can be classified into heavy duty lifts, stand up lifts, lifts for scooters, lifts for wheelchairs, lift slings, and personal mobility lifts. In terms of end-user, the patient lifts market can be divided into hospitals, clinics, ambulatory surgery centers, home care settings, and others.

Based on region, the global patient lifts market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to be the leading market for patient lifts owing to presence of large population suffering from physical disabilities, high disposable income, surge in research and development activities, and launch of advanced patient lifts. Europe is anticipated to be the second largest market for patient lifts due to presence of large number of leading players offering wide range of patient lifts, significant government funding, and high awareness about advanced technologies for elderly and disabled. Asia Pacific is a potential market for patient lifts due to economy growth, rise in purchasing power of the population, and improvement in health care infrastructure.

Key players operating in the global patient lifts market include Invacare Corporation, Sunrise Medical (US) LLC, Pride Mobility Products Corp., GF Health Products, Inc., Guldmann, Inc., Prism UK Medical Ltd., Handicare Corporate, and Getinge AB.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
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  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

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Patient Lifts Market