Edit Content
Bizwit-Logo-Final

Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We have a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. 

Global Hydraulic Patient Lift Market to reach USD xxx billion by the end of 2030.

Global Hydraulic Patient Lift Market Size study & Forecast, by Type (Hand Crank, Push Lever, Others), by Application (Hospital, Clinic, Others) and Regional Analysis, 2023-2030

Product Code: HLSMDE-78033919
Publish Date: 10-06-2023
Page: 200

Global Hydraulic Patient Lift Market is valued at approximately USD xxx billion in 2022 and is anticipated to grow with a healthy growth rate of more than xx% over the forecast period 2023-2030. A hydraulic Patient Lift is a type of device which is used to lift and transfer patients from a bed to a wheelchair and so on. For this, it uses hydraulic pressure to lift the patient. The driving factor for the market is increasing chronic diseases among people such as heart disease, diabetes and obesity which will eventually lead to limitation of movement or mobility and will lead to an increase in demand for hydraulic patient lifts. As per the fact sheet of World Health Organization (WHO) of September 2022, 74% of the deaths globally occur due to chronic diseases each year which means there has been a rise in chronic diseases worldwide. The other factor that drives the growth of the market is the rising awareness about patient safety as patient safety is very important and the hydraulic lift is an efficient way to move or transfer patients as compared to manual lifting. However, the high cost of hydraulic patient lifts limits their adoption, and it is a restraining factor for the market.

The growth opportunity for the market is the development of advanced features in recent times or in the future as these advanced features related to hydraulic patient lifts can be automated lifting and lowering, remote control facility and there are other different sensors to detect the positioning of the patient and adjust the lift accordingly. The other growth opportunity factor is increasing demand in emerging markets as health infrastructure is continuously improving in emerging economies and it will present the opportunity for the manufacturers of hydraulic patient lifts to expand in these regions. As per the India Brand Equity Foundation, the healthcare market in India in India was reached around USD 372 billion in 2022 and this figure will increase YoY basis and it will increase the demand for hydraulic patient lifts because of the growing health infrastructure in the emerging markets.

The key regions considered for the Global Hydraulic Patient Lift Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the reasons such as the strong health infrastructure in the region. And the major reason for the dominance is the rise in chronic diseases, especially obesity which drives the market for hydraulic patient lifts. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as growing health infrastructure in the region and the technological advancements in the healthcare field also play a major role in the market.

Major market player included in this report are:
Hill-Rom Holdings Inc.
Invacare Corporation
Joerns Healthcare LLC
GF Health Products Inc.
ArjoHuntleigh International Ltd.
Prism Medical Ltd.
Guldmann Inc.
Etac AB
Handicare Group AB
Savaria Corporation

Recent Developments in the Market:
Ø In October 2020, the new ISA patient lift has been launched by Invacare. The patient lifts that has been launched is ISA lift which is a lightweight and compact patient lift and it has been designed for its application in homecare settings.
Ø In January 2021, Hill-Rom Holdings announced the acquisition of Bardy Logistics, which is a wearable cardiac monitoring gadget developer. Hill-Rom would be able to increase the scope of its digital health services because of this acquisition of Bardy Logistics.
Global Hydraulic Patient Lift Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Hand Crank
Push Lever
Others

By Application:
Hospital
Clinic
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Hydraulic Patient Lift Market, by Region, 2020-2030 (USD Billion)
1.2.2. Hydraulic Patient Lift Market, by Type, 2020-2030 (USD Billion)
1.2.3. Hydraulic Patient Lift Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Hydraulic Patient Lift Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Hydraulic Patient Lift Market Dynamics
3.1. Hydraulic Patient Lift Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Increasing chronic diseases
3.1.1.2. Rising awareness about patient safety
3.1.2. Market Challenges
3.1.2.1. High Cost of Hydraulic Patient Lift
3.1.3. Market Opportunities
3.1.3.1. Developments of advanced features
3.1.3.2. Increasing demand in emerging markets
Chapter 4. Global Hydraulic Patient Lift Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Hydraulic Patient Lift Market, by Type
5.1. Market Snapshot
5.2. Global Hydraulic Patient Lift Market by Type, Performance – Potential Analysis
5.3. Global Hydraulic Patient Lift Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Hydraulic Patient Lift Market, Sub Segment Analysis
5.4.1. Hand Crank
5.4.2. Push Lever
5.4.3. Others
Chapter 6. Global Hydraulic Patient Lift Market, by Application
6.1. Market Snapshot
6.2. Global Hydraulic Patient Lift Market by Application, Performance – Potential Analysis
6.3. Global Hydraulic Patient Lift Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Hydraulic Patient Lift Market, Sub Segment Analysis
6.4.1. Hospital
6.4.2. Clinic
6.4.3. Others
Chapter 7. Global Hydraulic Patient Lift Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Hydraulic Patient Lift Market, Regional Market Snapshot
7.4. North America Hydraulic Patient Lift Market
7.4.1. U.S. Hydraulic Patient Lift Market
7.4.1.1. Type breakdown estimates & forecasts, 2020-2030
7.4.1.2. Application breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Hydraulic Patient Lift Market
7.5. Europe Hydraulic Patient Lift Market Snapshot
7.5.1. U.K. Hydraulic Patient Lift Market
7.5.2. Germany Hydraulic Patient Lift Market
7.5.3. France Hydraulic Patient Lift Market
7.5.4. Spain Hydraulic Patient Lift Market
7.5.5. Italy Hydraulic Patient Lift Market
7.5.6. Rest of Europe Hydraulic Patient Lift Market
7.6. Asia-Pacific Hydraulic Patient Lift Market Snapshot
7.6.1. China Hydraulic Patient Lift Market
7.6.2. India Hydraulic Patient Lift Market
7.6.3. Japan Hydraulic Patient Lift Market
7.6.4. Australia Hydraulic Patient Lift Market
7.6.5. South Korea Hydraulic Patient Lift Market
7.6.6. Rest of Asia Pacific Hydraulic Patient Lift Market
7.7. Latin America Hydraulic Patient Lift Market Snapshot
7.7.1. Brazil Hydraulic Patient Lift Market
7.7.2. Mexico Hydraulic Patient Lift Market
7.8. Middle East & Africa Hydraulic Patient Lift Market
7.8.1. Saudi Arabia Hydraulic Patient Lift Market
7.8.2. South Africa Hydraulic Patient Lift Market
7.8.3. Rest of Middle East & Africa Hydraulic Patient Lift Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Hill-Rom Holdings Inc.
8.3.1.1. Key Information
8.3.1.2. Overview
8.3.1.3. Financial (Subject to Data Availability)
8.3.1.4. Product Summary
8.3.1.5. Recent Developments
8.3.2. Invacare Corporation
8.3.3. Joerns Healthcare LLC
8.3.4. GF Health Products Inc.
8.3.5. ArjoHuntleigh International Ltd.
8.3.6. Prism Medical Ltd.
8.3.7. Guldmann Inc.
8.3.8. Etac AB
8.3.9. Handicare Group AB
8.3.10. Savaria Corporation
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

Need Assistance

Contact Person -
Krishant Mennon
Call us @
+ 91 99931 15879
Email: sales@bizwitresearch.com

Checkout

Why Choose Us?

Quality over Quantity

Backed by 60+ paid data sources our reports deliver crisp insights with no compromise quality.

Analyst Support

24x7 Chat Support plus
free analyst hours with every purchase

Flawless Methodology

Our 360-degree approach of market study, our research methods leave stones unturned.

Enquiry Now