Uploaded on Nov 23, 2022
The global patient lifting equipment market size is expected to grow from USD 3.0 billion in 2019 to USD 5.4 billion by 2024, at a CAGR of 12.7% during the forecast period.
Patient Lifting Equipment Market
Patient Lifting
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The global patient lifting equipment market size is expected to grow from
USD 3.0 billion in 2019 to USD 5.4 billion by 2024, at a CAGR of 12.7%
during the forecast period.
Major Key Players
Arjo (Sweden)
Hill-Rom (US)
Invacare (US)
Handicare (Sweden)
Hill Rom (US) was one of the major players operating in the patient lifting
equipment market in the year 2018. The company has a wide range of
product offerings in this market. To maintain its market position, the
company mainly focuses on new developments by making significant
investments in R&D. In 2018, the company invested about USD 0.4 billion
in R&D, which accounted for (4.8%) of its total revenue. The company
mainly focuses on new product developments, which enabled them for
product innovation and ultimately helped to enhance its product
offerings for the patient lifting equipment market.
Arjo (Sweden) is among the leading players in the patient lifting equipment
market. Arjo’s major customers include private and public institutions
providing acute and long-term care. The company has a strong global
geographic presence, which has helped it broaden the sales and distribution
of patient lift market. Approximately 23% of Arjo’s total sales are attributed to
its patient handling equipment portfolio. The company has a wide range of
product offerings, which includes ceiling lifts, standing and raising aids, floor
lifts, and slings.
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