Patient Lifting Equipment Market Dynamics: Revenue Growth Strategies and Key Players Influence

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According to the most recent analysis by Emergen Research, the size of the global market for patient lifting equipment is anticipated to reach USD 14.24 billion in 2032 and see a revenue CAGR of 12.7% during that time. One of the elements influencing the market's revenue growth is the rising danger of damage to healthcare professionals when handling patients physically. The Healthcare and Social Assistance sector (HCSA) has one of the highest and most consistently rising rates of occupational diseases and injuries. The Bureau of Labour Statistics (BLS) reports that in 2020, there will be a 40% increase in accident and illness cases. Nursing assistants had the highest frequency of musculoskeletal disorders of any job in 2020, with 15,360 cases. Musculoskeletal issues accounted for 52% of all nursing assistant absences from the workplace. As a result, the demand for patient lifting equipment is anticipated to grow over the forecast period.

The Patient Lifting Equipment study sheds light on industry profiles across several countries and regions. The extensive document is a rich source of information on market size, share and growth rate. The industry profiles discussed in the Patient Lifting Equipment report further identifies market segmentation, profit, and competitive landscape and offers forecast information on industry performance and trends for the period. The detailed report offers comprehensive analyses about a particular market situation within a geographic region.

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Competitive Terrain:

The global Patient Lifting Equipment industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

The leading market contenders listed in the report are:

Arjo, DJO, LLC, Medical Depot, Inc. dba Drive DeVilbiss Healthcare, Etac AB, GF Health Products, Inc., Guldmann Inc., Handicare, Invacare Corporation, Joerns Healthcare LLC, Medline Industries, LP

Additional information offered by the report:

Along with a complete overview of the global Patient Lifting Equipment market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
The report elaborates on the global Patient Lifting Equipment market size and share governed by the major geographies.
It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
It further presents a detailed description of the company profiles of the key market contenders.
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Segments Covered in this report are:

Product Outlook (Revenue, USD Billion; 2019–2032)
Ceiling Lifts
Star & Wheelchair Lifts
Mobile Lifts
Sit-To-Stand Lifts
Bath & Pool Lifts
Lifting Slings
Lifting Accessories
End-Use Outlook (Revenue, USD Billion; 2019–2032)
Hospitals
Home Care Settings
Elderly Care Facilities
Others
Regional Outlook (Revenue, USD Billion, 2019–2032)
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
France
Spain
BENELUX
Rest of Europe
Asia Pacific (APAC)
China
India
Japan
South Korea
Rest of APAC
Latin America (LATAM)
Brazil
Rest of LATAM
Middle East & Africa (MEA)
Saudi Arabia
UAE
Israel
Rest of MEA
Radical Highlights of the Patient Lifting Equipment Market Report:

Comprehensive overview of the Patient Lifting Equipment market along with analysis of the changing dynamics of the market
Growth Assessment of various market segments throughout the forecast period
Regional and global analysis of the market players, including their market share and global position
Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
Impact of the technological developments and R&D advancements on the Patient Lifting Equipment market
Information about profit-making strategies and developmental strategies of major companies and manufacturers
Insightful information for the new entrants willing to enter the market
Details and insights about business expansion strategies, product launches, and other collaborations
The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
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