Latest News- Patient Lifting Devices Market: Powered sit to stand lift is expected to lead the Product segment during 2024-2028
The Patient Lifting Devices Market is being driven by Increasing prevalence of home healthcare services
The Patient Lifting Devices Market is expected to grow at a CAGR of 12.57% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 3.17 billion. In accordance with occupational health and safety regulations, employers have a duty of care to protect their workforce from work-related injuries and health issues, including back pain and upper limb disorders (ULDs), during patient lifting tasks. To ensure compliance, it is essential to incorporate competency assessments for the use of safe patient handling and movement devices into ongoing professional development programs. The Winnipeg Regional Health Authority (WRHA) Policy 20.20.030 mandates that WRHA facilities establish and maintain comprehensive Workplace Safety and Health Programs, adhering to both the policy and the Workplace Safety and Health Act, to prevent accidents and promote the well-being of their staff.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Product (Powered sit to stand lift, Floor based lifts, Overhead/ceiling lifts, Others) End-user (Hospitals, Homecare, Elderly care facilities) Geography (North America, Europe, Asia, Rest of World (ROW)).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Patient Lifting Devices Market Research Report
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The Patient Lifting Devices Market encompasses various types of equipment, including hospital bed lifts, portable patient lifts, stand up lifts, and overhead lifts, designed to facilitate safe patient handling and improve patient care. These devices, which also include sling systems, hoists for patients, and patient transfer devices, aim to prevent healthcare worker injuries and enhance ergonomic lifting. Manufacturers provide guidelines for usage, while patient lifting solutions cater to diverse patient groups, such as bariatric, stroke, disabled, and frail patients, in healthcare and long-term care settings. Patient transfer techniques and training are crucial for effective implementation, ensuring patient safety, comfort, and minimal body compression during patient mobility. Patient handling policies and technology advancements continue to prioritize safe patient mobility and injury prevention.
The Patient Lifting Devices market is a significant segment of the expansive Global Healthcare Equipment Market. This sector encompasses businesses specializing in the research, development, and manufacturing of patient handling products, including gantry lifts and home healthcare services. These devices are integral to mitigating musculoskeletal injuries caused by manual patient lifting, as well as managing chronic diseases and preventing accidents leading to fractures. The Global Healthcare Equipment Market, which also covers capital equipment, instruments, implants, accessories, and consumables, is valued based on the combined revenue generated by these various product categories across diverse therapy areas.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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