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ASIA-PACIFIC PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET FORECAST 2023-2032

SCOPE OF THE REPORT

Asia-Pacific Patient Mechanical Lift Handling Equipment Market by Product (Floor-based Lifts, Powered Sit-to-stand Lifts, Standup & Raising Lifts, Overhead Lifts, Bath Patient Lifters, Other Products) Market by End-user (Hospital, Homecare, Elder Care Home, Other End-users) by Geography


MARKET OVERVIEW

The Asia-Pacific patient mechanical lift handling equipment market is expected to record a CAGR of 8.58% during the forecast period, 2023-2032, and is set to reach a revenue of $863.06 million by 2032

The patient mechanical lift handling equipment market growth in Asia-Pacific is majorly attributed to the swiftly aging population, further leading to the prevalence of chronic diseases, disabilities, and mobility restrictions. Also, the governments in the region are working to enhance aged care services and healthcare infrastructure. These include implementing rules for patient safety, promoting assistive equipment, and investing in healthcare facilities. 

However, the Asia-Pacific patient mechanical lift handling equipment market growth is restrained by difficulties complying with different regulatory standards for medical devices.

The Asia-Pacific patient mechanical lift handling equipment market growth assessment includes Thailand, Japan, Australia & New Zealand, India, South Korea, China, and Rest of Asia-Pacific. The increasing elderly population in China is surging the need for patient mechanical lift handling equipment. For instance, according to data from the World Bank regarding the geriatric population, 13% of China’s total population was aged 65 and above in 2021. With the growing number of aged individuals, there is a rising demand for secure and efficient methods of lifting and transferring individuals, especially within healthcare facilities and residential settings. 

Further, as healthcare institutions and caregivers strive to provide safe and exceptional care for individuals with chronic conditions, the escalating prevalence of chronic diseases in China contributes to the demand for patient mechanical lift handling equipment. Also, a September 2021 article titled ‘Prevention and control of obesity in China’ highlights that China has the highest global prevalence of obesity, affecting approximately 15% of children and 46% of adults. Consequently, the incidence of obesity is projected to further drive the demand for patient mechanical lift handling equipment, as the movement of obese patients can pose challenges during their hospitalization.

Whereas in South Korea, there is a growing prevalence of chronic conditions like arthritis, osteoporosis, and mobility limitations, attributed to the growing geriatric population. These ailments often require assistance in the safe transfer of patients, a need that can be fulfilled by mechanical lift-handling equipment. Within South Korea’s healthcare sector, there is an increasing focus on ensuring patient safety. Adopting mechanical lift handling technology offers a safer alternative to manually lifting and transferring patients, thereby reducing the potential harm to both patients and healthcare professionals.

The Asia-Pacific patient mechanical lift handling equipment market segmentation includes product and end-user. The end-user segment includes homecare, elder care home, hospital, and other end-users.

Elder care homes, alternatively referred to as nursing homes, assisted living facilities, or residential care homes, provide comprehensive assistance, support, and accommodations for senior individuals who require aid with daily activities and medical care. These establishments address the specific needs of older adults who may experience physical challenges, necessitate supervision, or seek assistance with tasks such as dressing, bathing, medication management, and meal preparation.

Some of the key players operating in the Asia-Pacific patient mechanical lift handling equipment market are Joerns Healthcare, Etac AB, Invacare Corporation, etc.

Invacare Corporation manufactures and distributes medical devices for non-acute care industries, including long-term care and healthcare. The company’s mobility and seating products include positioning and seating items and custom manual and power wheelchairs. Whereas lifestyle products include mattresses that relieve pressure, beds, and manual wheelchairs. 

The company distributes its products through a network of distributors and independent manufacturer representatives. It operates in Asia, New Zealand, Europe, Canada, Australia, and the United States, with headquarters in Elyria, Ohio. 

The company’s slings and positioning devices are used alongside patient lifts to ensure safety, comfort, and alignment during transfers.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2023-2032
Base Year2022
Market Historical Years2018-2022
Forecast UnitsRevenue ($ Million)
Segments AnalyzedProduct and End-User
Countries AnalyzedThailand, Japan, Australia & New Zealand, India, South Korea, China, and Rest of Asia-Pacific
Companies AnalyzedArjo AB, Baxter International Inc (Hill Rom Holdings Inc), Etac AB, Invacare Corporation, Joerns Healthcare, Medline Industries, Savaria Corporation, Stryker Corporation, Sunrise Medical Inc, WINNCARE Group

TABLE OF CONTENT

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
    3. SCOPE OF STUDY
    4. CRISIS SCENARIO ANALYSIS
      1. IMPACT OF COVID-19 ON PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET
    5. MAJOR MARKET FINDINGS
      1. MOBILE AND PORTABLE SOLUTIONS ARE MORE ACCESSIBLE
      2. INCREASING REGULATORY FOCUS
      3. RISE OF CEILING LIFT SYSTEMS
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. INCREASING AGING POPULATION 
      2. RISK OF INJURIES TO CAREGIVERS DURING MANUAL HANDLING
      3. PREVALENCE OF CHRONIC DISEASES AND DISABILITIES
      4. OPERATIONAL EFFICIENCY
    2. KEY RESTRAINTS
      1. HIGH COSTS
      2. MASSIVE STORAGE REQUIREMENTS AND DEVICE MANAGEMENT CHALLENGES
      3. LACK OF TRAINED CAREGIVERS
  4. KEY ANALYTICS
    1. KEY MARKET TRENDS
    2. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    3. GROWTH PROSPECT MAPPING – JAPAN
    4. MARKET CONCENTRATION ANALYSIS
  5. MARKET BY PRODUCT
    1. FLOOR-BASED LIFTS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. POWERED SIT-TO-STAND LIFTS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. STANDUP & RAISING LIFTS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. OVERHEAD LIFTS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    5. BATH PATIENT LIFTERS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    6. OTHER PRODUCTS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  6. MARKET BY END-USER
    1. HOSPITAL
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. HOMECARE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. ELDER CARE HOME
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. OTHER END-USERS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  7. GEOGRAPHICAL ANALYSIS
    1. ASIA-PACIFIC
      1. MARKET SIZE & ESTIMATES
      2. ASIA-PACIFIC PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET DRIVERS
      3. ASIA-PACIFIC PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET CHALLENGES
      4. ASIA-PACIFIC PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET REGULATORY FRAMEWORK
      5. KEY PLAYERS IN ASIA-PACIFIC PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET
      6. COUNTRY ANALYSIS
        1. CHINA
          1. CHINA PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET SIZE & OPPORTUNITIES
        2. JAPAN
          1. JAPAN PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET SIZE & OPPORTUNITIES
        3. INDIA
          1. INDIA PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET SIZE & OPPORTUNITIES
        4. SOUTH KOREA
          1. SOUTH KOREA PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET SIZE & OPPORTUNITIES
        5. THAILAND
          1. THAILAND PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET SIZE & OPPORTUNITIES
        6. AUSTRALIA & NEW ZEALAND
          1. AUSTRALIA & NEW ZEALAND PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET SIZE & OPPORTUNITIES
        7. REST OF ASIA-PACIFIC
          1. REST OF ASIA-PACIFIC PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET SIZE & OPPORTUNITIES
  8. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. MERGERS & ACQUISITIONS
      2. PRODUCT LAUNCHES & DEVELOPMENTS
      3. PARTNERSHIPS & AGREEMENTS
      4. BUSINESS EXPANSIONS
    2. COMPANY PROFILES
      1. ARJO AB
        1. COMPANY OVERVIEW
        2. PRODUCTS OVERVIEW
        3. STRENGTHS & CHALLENGES
      2. BAXTER INTERNATIONAL INC (HILL ROM HOLDINGS INC)
        1. COMPANY OVERVIEW
        2. PRODUCTS OVERVIEW
        3. STRENGTHS & CHALLENGES
      3. ETAC AB
        1. COMPANY OVERVIEW
        2. PRODUCTS OVERVIEW
        3. STRENGTHS & CHALLENGES
      4. INVACARE CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS OVERVIEW
        3. STRENGTHS & CHALLENGES
      5. JOERNS HEALTHCARE
        1. COMPANY OVERVIEW
        2. PRODUCTS OVERVIEW
        3. STRENGTHS & CHALLENGES
      6. MEDLINE INDUSTRIES
        1. COMPANY OVERVIEW
        2. PRODUCTS OVERVIEW
        3. STRENGTHS & CHALLENGES
      7. SAVARIA CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS OVERVIEW
        3. STRENGTHS & CHALLENGES
      8. STRYKER CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS OVERVIEW
        3. STRENGTHS & CHALLENGES
      9. SUNRISE MEDICAL INC
        1. COMPANY OVERVIEW
        2. PRODUCTS OVERVIEW
        3. STRENGTHS AND CHALLENGES
      10. WINNCARE GROUP
        1. COMPANY OVERVIEW
        2. PRODUCTS OVERVIEW
        3. STRENGTHS & CHALLENGES

LIST OF TABLES

TABLE 1:  MARKET SNAPSHOT – PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET

TABLE 2: ASIA-PACIFIC PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET, BY PRODUCT, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 3: ASIA-PACIFIC PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET, BY PRODUCT, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 4: ASIA-PACIFIC PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET, BY END-USER, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 5: ASIA-PACIFIC PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET, BY END-USER, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 6: ASIA-PACIFIC PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 7: ASIA-PACIFIC PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $MILLION)

TABLE 8: ASIA-PACIFIC PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET REGULATORY FRAMEWORK

TABLE 9: KEY PLAYERS OPERATING IN ASIA-PACIFIC PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET

TABLE 10: LIST OF MERGERS & ACQUISITIONS

TABLE 11: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 12: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 13: LIST OF BUSINESS EXPANSIONS

LIST OF FIGURES 

FIGURE 1: KEY MARKET TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: GROWTH PROSPECT MAPPING FOR JAPAN

FIGURE 4: MARKET CONCENTRATION ANALYSIS

FIGURE 5: ASIA-PACIFIC PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET, GROWTH POTENTIAL, BY PRODUCT, IN 2022

FIGURE 6: ASIA-PACIFIC PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET, BY FLOOR-BASED LIFTS, 2023-2032 (IN $ MILLION)

FIGURE 7: ASIA-PACIFIC PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET, BY POWERED SIT-TO-STAND LIFTS, 2023-2032 (IN $ MILLION)

FIGURE 8: ASIA-PACIFIC PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET, BY STANDUP & RAISING LIFTS, 2023-2032 (IN $ MILLION)

FIGURE 9: ASIA-PACIFIC PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET, BY OVERHEAD LIFTS, 2023-2032 (IN $ MILLION)

FIGURE 10: ASIA-PACIFIC PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET, BY BATH PATIENT LIFTERS, 2023-2032 (IN $ MILLION)

FIGURE 11: ASIA-PACIFIC PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET, BY OTHER PRODUCTS, 2023-2032 (IN $ MILLION)

FIGURE 12: ASIA-PACIFIC PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET, GROWTH POTENTIAL, BY END-USER, IN 2022

FIGURE 13: ASIA-PACIFIC PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET, BY HOSPITAL, 2023-2032 (IN $ MILLION)

FIGURE 14: ASIA-PACIFIC PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET, BY HOMECARE, 2023-2032 (IN $ MILLION)

FIGURE 15: ASIA-PACIFIC PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET, BY ELDER CARE HOME, 2023-2032 (IN $ MILLION)

FIGURE 16: ASIA-PACIFIC PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET, BY OTHER END-USERS, 2023-2032 (IN $ MILLION)

FIGURE 17: ASIA-PACIFIC PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

FIGURE 18: CHINA PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET, 2023-2032 (IN $ MILLION)

FIGURE 19: JAPAN PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET, 2023-2032 (IN $ MILLION)

FIGURE 20: INDIA PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET, 2023-2032 (IN $ MILLION)

FIGURE 21: SOUTH KOREA PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET, 2023-2032 (IN $ MILLION)

FIGURE 22: THAILAND PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET, 2023-2032 (IN $ MILLION)

FIGURE 23: AUSTRALIA & NEW ZEALAND PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET, 2023-2032 (IN $ MILLION)

FIGURE 24: REST OF ASIA-PACIFIC PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET, 2023-2032 (IN $ MILLION)

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