Patient Lift Equipment Market
Patient Lift Equipment Market Forecasts to 2030 - Global Analysis By Product Type (Manual Lifts, Powered Lifts, Slings, Accessories and Other Product Types), Usage Type, End User and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2024) |
US $5.40 BN |
|
Projected Year Value (2030) |
US $12.29 BN |
|
CAGR (2024- 2030) |
14.7% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Patient Lift Equipment Market is accounted for $5.40 billion in 2024 and is expected to reach $12.29 billion by 2030 growing at a CAGR of 14.7% during the forecast period. Patient lifting equipment includes gadgets that allow people with limited physical skills, such as the elderly and crippled, to move around safely. Healthcare environments use this equipment, such as sit-to-stand lifts, mobile lifts, and ceiling lifts, to increase patient safety and lower caregiver injuries. The aging population and rising rates of chronic diseases are driving the market demand for improved mobility alternatives.
According to the World Health Organization (WHO) THE number of those over 60 years of age globally, will increase from 12% to 22% between 2015 and 2050. As the elderly (those aged 85 and above) are more susceptible to problems needing high levels of assistance and care, this is expected to necessitate a more intensive degree of care.
Market Dynamics:
Driver:
Increasing incidence of disabilities
Growing rates of impairments and chronic illnesses are driving up demand for patient lift equipment, especially in industrialized nations with elderly populations and well-established healthcare systems. Patient lift equipment is in high demand because of improvements in rehabilitation techniques and medical technology that have increased the survival rates of people with impairments. This development is helping to propel the market forward as people become more aware of the advantages of assistive technology.
Restraint:
High equipment costs
Medical facilities are unable to purchase required lifting equipment due to high equipment costs in the patient lift equipment industry. Although these complex mechanical lifts are essential for securely transporting patients with restricted mobility, other costs such as installation, maintenance, and employee training add to the original cost of purchase. The lack of contemporary lifting solutions in healthcare settings discourages smaller practices, posing a risk of harm to patients and caregivers due to cost barriers.
Opportunity:
Growing home healthcare services
The increase in home healthcare services is driving a considerable expansion in the market for patient lift equipment. Patient lifts and other assistance devices are becoming more and more in demand as more people choose to receive care at home. These tools increase comfort, lower the risk of harm, and improve the quality of care provided by enabling caregivers to safely support patients with movement and everyday tasks. Patient lift equipment is predicted to be in high demand as the home healthcare sector grows.
Threat:
Maintenance and durability issues
Mechanical failures and higher repair costs can result from marketplace difficulties in preserving and guaranteeing its endurance. Equipment is used past its intended lifespan at healthcare facilities because patients discover it difficult to provide money for continuous maintenance. Rapid deterioration of lower-quality materials might put patients and caregivers at risk for injury. Inconsistencies in care between facilities can also result from a lack of standard maintenance rules. Improving equipment lifetime and reliability requires addressing these problems.
Covid-19 Impact
The COVID-19 pandemic significantly impacted the patient lift equipment market, initially causing a decline in demand due to reduced hospital admissions and lockdown measures. The demand for lifting equipment, however, grew again as safe patient handling became more necessary. The adoption of these devices was made necessary by the increase in COVID-19 cases, particularly in hospitals that were overflowing with patients. After the pandemic, the industry is anticipated to rebound and expand as healthcare systems adjust to new safety regulations and an aging population.
The manual lifts segment is expected to be the largest during the forecast period
During the forecast period, the manual lifts segment is anticipated to register the largest market share, due to the convenience of use, affordability, and growing emphasis on caregiver safety. They can be used in smaller healthcare facilities and home care settings because they provide an inexpensive substitute for complicated mechanical systems. The need for manual lifts has grown as a result of healthcare providers realizing the dangers of manual handling, including musculoskeletal problems.
The nursing homes segment is expected to have the highest CAGR during the forecast period
The nursing homes segment is expected to register lucrative growth during the estimation period, as the number of elderly individuals requiring long-term care increases, the demand for assistive devices like patient lifts becomes crucial. Nursing homes often have a large number of residents with mobility impairments, making patient lifts essential for safe and efficient handling and transfers. The use of patient lift equipment in nursing homes is also being fuelled by the regulatory requirements and growing emphasis on patient safety in the healthcare sector.
Region with largest share:
The Asia Pacific region is projected to account for the largest market share during the forecast period, due to the growing aging population, especially in China and Japan, which raises the need for senior care options. Rising healthcare infrastructure investments and expanding home healthcare services in developing economies like India and Southeast Asia are also fuelling market growth. Government measures to enhance healthcare facilities and raise awareness of patient safety and caregiver injury prevention are driving the adoption of patient lift equipment in the region.
Region with highest CAGR:
The North America region is expected to register the highest growth rate over the forecast period, owing to the excellent healthcare system. There is a growing need for lifting equipment as a result of the rising prevalence of chronic illnesses and impairments, which calls for efficient patient handling solutions. Further driving market expansion are laws intended to prevent manual handling injuries and growing awareness of caregiver safety. This trend is also influenced by large government investments in healthcare and the growth of home care services.
Key players in the market
Some of the key players profiled in the Patient Lift Equipment Market include Hill-Rom Holdings, Inc., Invacare Corporation, Medline Industries, Inc., Drive DeVilbiss Healthcare, Stryker Corporation, GF Health Products, Inc., DJO Global, Inc., Handicare Group AB, Etac AB, Joerns Healthcare LLC, Prism Medical Ltd., Guldmann Inc., Mangar Health, OpeMed, Savaria Corporation, Hoyer Lift, AKS Lifting and Handling Solutions, Sunrise Medical and EZ Way, Inc.
Key Developments:
In June 2021, Invacare launched Birdie Evo XPLUS, a mobile floor lift designed for optimal patient transfer and lifting, offering better maneuverability and enhanced safety features for both patients and caregivers.
In April 2021, Hill-Rom expanded its overhead patient lift systems, integrating them with patient monitoring and fall prevention solutions, enhancing patient safety and reducing caregiver strain.
In October 2020, GF Health launched Lumex Stand Assist, an easy-to-use, sit-to-stand device, helping patients move from seated to standing positions without requiring full-body lifting, promoting patient independence.
In September 2020, Arjo introduced the Sara Flex, a new sit-to-stand lift designed to improve patient comfort and support during transfers, while simplifying the caregiver’s role through its ergonomic design.
Product Types Covered:
• Manual Lifts
• Powered Lifts
• Slings
• Accessories
• Other Product Types
Usage Types Covered:
• Non-Bariatric Lifts
• Bariatric Lifts
End Users Covered:
• Home Healthcare
• Nursing Homes
• Hospitals
• Rehabilitation Centers
• Long-Term Care Facilities
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Patient Lift Equipment Market, By Product Type
5.1 Introduction
5.2 Manual Lifts
5.3 Powered Lifts
5.3.1 Ceiling Lifts
5.3.2 Sit-to-Stand Lifts
5.3.3 Floor Lifts
5.3.4 Bath and Pool Lifts
5.4 Slings
5.5 Accessories
5.6 Other Product Types
6 Global Patient Lift Equipment Market, By Usage Type
6.1 Introduction
6.2 Non-Bariatric Lifts
6.3 Bariatric Lifts
7 Global Patient Lift Equipment Market, By End User
7.1 Introduction
7.2 Home Healthcare
7.3 Nursing Homes
7.4 Hospitals
7.5 Rehabilitation Centers
7.6 Long-Term Care Facilities
7.7 Other End Users
8 Global Patient Lift Equipment Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Hill-Rom Holdings, Inc.
10.2 Invacare Corporation
10.3 Medline Industries, Inc.
10.4 Drive DeVilbiss Healthcare
10.5 Stryker Corporation
10.6 GF Health Products, Inc.
10.7 DJO Global, Inc.
10.8 Handicare Group AB
10.9 Etac AB
10.10 Joerns Healthcare LLC
10.11 Prism Medical Ltd.
10.12 Guldmann Inc.
10.13 Mangar Health
10.14 OpeMed
10.15 Savaria Corporation
10.16 Hoyer Lift
10.17 AKS Lifting and Handling Solutions
10.18 Sunrise Medical
10.19 EZ Way, Inc.
List of Tables
1 Global Patient Lift Equipment Market Outlook, By Region (2022-2030) ($MN)
2 Global Patient Lift Equipment Market Outlook, By Product Type (2022-2030) ($MN)
3 Global Patient Lift Equipment Market Outlook, By Manual Lifts (2022-2030) ($MN)
4 Global Patient Lift Equipment Market Outlook, By Powered Lifts (2022-2030) ($MN)
5 Global Patient Lift Equipment Market Outlook, By Ceiling Lifts (2022-2030) ($MN)
6 Global Patient Lift Equipment Market Outlook, By Sit-to-Stand Lifts (2022-2030) ($MN)
7 Global Patient Lift Equipment Market Outlook, By Floor Lifts (2022-2030) ($MN)
8 Global Patient Lift Equipment Market Outlook, By Bath and Pool Lifts (2022-2030) ($MN)
9 Global Patient Lift Equipment Market Outlook, By Slings (2022-2030) ($MN)
10 Global Patient Lift Equipment Market Outlook, By Accessories (2022-2030) ($MN)
11 Global Patient Lift Equipment Market Outlook, By Other Product Types (2022-2030) ($MN)
12 Global Patient Lift Equipment Market Outlook, By Usage Type (2022-2030) ($MN)
13 Global Patient Lift Equipment Market Outlook, By Non-Bariatric Lifts (2022-2030) ($MN)
14 Global Patient Lift Equipment Market Outlook, By Bariatric Lifts (2022-2030) ($MN)
15 Global Patient Lift Equipment Market Outlook, By End User (2022-2030) ($MN)
16 Global Patient Lift Equipment Market Outlook, By Home Healthcare (2022-2030) ($MN)
17 Global Patient Lift Equipment Market Outlook, By Nursing Homes (2022-2030) ($MN)
18 Global Patient Lift Equipment Market Outlook, By Hospitals (2022-2030) ($MN)
19 Global Patient Lift Equipment Market Outlook, By Rehabilitation Centers (2022-2030) ($MN)
20 Global Patient Lift Equipment Market Outlook, By Long-Term Care Facilities (2022-2030) ($MN)
21 Global Patient Lift Equipment Market Outlook, By Other End Users (2022-2030) ($MN)
22 North America Patient Lift Equipment Market Outlook, By Country (2022-2030) ($MN)
23 North America Patient Lift Equipment Market Outlook, By Product Type (2022-2030) ($MN)
24 North America Patient Lift Equipment Market Outlook, By Manual Lifts (2022-2030) ($MN)
25 North America Patient Lift Equipment Market Outlook, By Powered Lifts (2022-2030) ($MN)
26 North America Patient Lift Equipment Market Outlook, By Ceiling Lifts (2022-2030) ($MN)
27 North America Patient Lift Equipment Market Outlook, By Sit-to-Stand Lifts (2022-2030) ($MN)
28 North America Patient Lift Equipment Market Outlook, By Floor Lifts (2022-2030) ($MN)
29 North America Patient Lift Equipment Market Outlook, By Bath and Pool Lifts (2022-2030) ($MN)
30 North America Patient Lift Equipment Market Outlook, By Slings (2022-2030) ($MN)
31 North America Patient Lift Equipment Market Outlook, By Accessories (2022-2030) ($MN)
32 North America Patient Lift Equipment Market Outlook, By Other Product Types (2022-2030) ($MN)
33 North America Patient Lift Equipment Market Outlook, By Usage Type (2022-2030) ($MN)
34 North America Patient Lift Equipment Market Outlook, By Non-Bariatric Lifts (2022-2030) ($MN)
35 North America Patient Lift Equipment Market Outlook, By Bariatric Lifts (2022-2030) ($MN)
36 North America Patient Lift Equipment Market Outlook, By End User (2022-2030) ($MN)
37 North America Patient Lift Equipment Market Outlook, By Home Healthcare (2022-2030) ($MN)
38 North America Patient Lift Equipment Market Outlook, By Nursing Homes (2022-2030) ($MN)
39 North America Patient Lift Equipment Market Outlook, By Hospitals (2022-2030) ($MN)
40 North America Patient Lift Equipment Market Outlook, By Rehabilitation Centers (2022-2030) ($MN)
41 North America Patient Lift Equipment Market Outlook, By Long-Term Care Facilities (2022-2030) ($MN)
42 North America Patient Lift Equipment Market Outlook, By Other End Users (2022-2030) ($MN)
43 Europe Patient Lift Equipment Market Outlook, By Country (2022-2030) ($MN)
44 Europe Patient Lift Equipment Market Outlook, By Product Type (2022-2030) ($MN)
45 Europe Patient Lift Equipment Market Outlook, By Manual Lifts (2022-2030) ($MN)
46 Europe Patient Lift Equipment Market Outlook, By Powered Lifts (2022-2030) ($MN)
47 Europe Patient Lift Equipment Market Outlook, By Ceiling Lifts (2022-2030) ($MN)
48 Europe Patient Lift Equipment Market Outlook, By Sit-to-Stand Lifts (2022-2030) ($MN)
49 Europe Patient Lift Equipment Market Outlook, By Floor Lifts (2022-2030) ($MN)
50 Europe Patient Lift Equipment Market Outlook, By Bath and Pool Lifts (2022-2030) ($MN)
51 Europe Patient Lift Equipment Market Outlook, By Slings (2022-2030) ($MN)
52 Europe Patient Lift Equipment Market Outlook, By Accessories (2022-2030) ($MN)
53 Europe Patient Lift Equipment Market Outlook, By Other Product Types (2022-2030) ($MN)
54 Europe Patient Lift Equipment Market Outlook, By Usage Type (2022-2030) ($MN)
55 Europe Patient Lift Equipment Market Outlook, By Non-Bariatric Lifts (2022-2030) ($MN)
56 Europe Patient Lift Equipment Market Outlook, By Bariatric Lifts (2022-2030) ($MN)
57 Europe Patient Lift Equipment Market Outlook, By End User (2022-2030) ($MN)
58 Europe Patient Lift Equipment Market Outlook, By Home Healthcare (2022-2030) ($MN)
59 Europe Patient Lift Equipment Market Outlook, By Nursing Homes (2022-2030) ($MN)
60 Europe Patient Lift Equipment Market Outlook, By Hospitals (2022-2030) ($MN)
61 Europe Patient Lift Equipment Market Outlook, By Rehabilitation Centers (2022-2030) ($MN)
62 Europe Patient Lift Equipment Market Outlook, By Long-Term Care Facilities (2022-2030) ($MN)
63 Europe Patient Lift Equipment Market Outlook, By Other End Users (2022-2030) ($MN)
64 Asia Pacific Patient Lift Equipment Market Outlook, By Country (2022-2030) ($MN)
65 Asia Pacific Patient Lift Equipment Market Outlook, By Product Type (2022-2030) ($MN)
66 Asia Pacific Patient Lift Equipment Market Outlook, By Manual Lifts (2022-2030) ($MN)
67 Asia Pacific Patient Lift Equipment Market Outlook, By Powered Lifts (2022-2030) ($MN)
68 Asia Pacific Patient Lift Equipment Market Outlook, By Ceiling Lifts (2022-2030) ($MN)
69 Asia Pacific Patient Lift Equipment Market Outlook, By Sit-to-Stand Lifts (2022-2030) ($MN)
70 Asia Pacific Patient Lift Equipment Market Outlook, By Floor Lifts (2022-2030) ($MN)
71 Asia Pacific Patient Lift Equipment Market Outlook, By Bath and Pool Lifts (2022-2030) ($MN)
72 Asia Pacific Patient Lift Equipment Market Outlook, By Slings (2022-2030) ($MN)
73 Asia Pacific Patient Lift Equipment Market Outlook, By Accessories (2022-2030) ($MN)
74 Asia Pacific Patient Lift Equipment Market Outlook, By Other Product Types (2022-2030) ($MN)
75 Asia Pacific Patient Lift Equipment Market Outlook, By Usage Type (2022-2030) ($MN)
76 Asia Pacific Patient Lift Equipment Market Outlook, By Non-Bariatric Lifts (2022-2030) ($MN)
77 Asia Pacific Patient Lift Equipment Market Outlook, By Bariatric Lifts (2022-2030) ($MN)
78 Asia Pacific Patient Lift Equipment Market Outlook, By End User (2022-2030) ($MN)
79 Asia Pacific Patient Lift Equipment Market Outlook, By Home Healthcare (2022-2030) ($MN)
80 Asia Pacific Patient Lift Equipment Market Outlook, By Nursing Homes (2022-2030) ($MN)
81 Asia Pacific Patient Lift Equipment Market Outlook, By Hospitals (2022-2030) ($MN)
82 Asia Pacific Patient Lift Equipment Market Outlook, By Rehabilitation Centers (2022-2030) ($MN)
83 Asia Pacific Patient Lift Equipment Market Outlook, By Long-Term Care Facilities (2022-2030) ($MN)
84 Asia Pacific Patient Lift Equipment Market Outlook, By Other End Users (2022-2030) ($MN)
85 South America Patient Lift Equipment Market Outlook, By Country (2022-2030) ($MN)
86 South America Patient Lift Equipment Market Outlook, By Product Type (2022-2030) ($MN)
87 South America Patient Lift Equipment Market Outlook, By Manual Lifts (2022-2030) ($MN)
88 South America Patient Lift Equipment Market Outlook, By Powered Lifts (2022-2030) ($MN)
89 South America Patient Lift Equipment Market Outlook, By Ceiling Lifts (2022-2030) ($MN)
90 South America Patient Lift Equipment Market Outlook, By Sit-to-Stand Lifts (2022-2030) ($MN)
91 South America Patient Lift Equipment Market Outlook, By Floor Lifts (2022-2030) ($MN)
92 South America Patient Lift Equipment Market Outlook, By Bath and Pool Lifts (2022-2030) ($MN)
93 South America Patient Lift Equipment Market Outlook, By Slings (2022-2030) ($MN)
94 South America Patient Lift Equipment Market Outlook, By Accessories (2022-2030) ($MN)
95 South America Patient Lift Equipment Market Outlook, By Other Product Types (2022-2030) ($MN)
96 South America Patient Lift Equipment Market Outlook, By Usage Type (2022-2030) ($MN)
97 South America Patient Lift Equipment Market Outlook, By Non-Bariatric Lifts (2022-2030) ($MN)
98 South America Patient Lift Equipment Market Outlook, By Bariatric Lifts (2022-2030) ($MN)
99 South America Patient Lift Equipment Market Outlook, By End User (2022-2030) ($MN)
100 South America Patient Lift Equipment Market Outlook, By Home Healthcare (2022-2030) ($MN)
101 South America Patient Lift Equipment Market Outlook, By Nursing Homes (2022-2030) ($MN)
102 South America Patient Lift Equipment Market Outlook, By Hospitals (2022-2030) ($MN)
103 South America Patient Lift Equipment Market Outlook, By Rehabilitation Centers (2022-2030) ($MN)
104 South America Patient Lift Equipment Market Outlook, By Long-Term Care Facilities (2022-2030) ($MN)
105 South America Patient Lift Equipment Market Outlook, By Other End Users (2022-2030) ($MN)
106 Middle East & Africa Patient Lift Equipment Market Outlook, By Country (2022-2030) ($MN)
107 Middle East & Africa Patient Lift Equipment Market Outlook, By Product Type (2022-2030) ($MN)
108 Middle East & Africa Patient Lift Equipment Market Outlook, By Manual Lifts (2022-2030) ($MN)
109 Middle East & Africa Patient Lift Equipment Market Outlook, By Powered Lifts (2022-2030) ($MN)
110 Middle East & Africa Patient Lift Equipment Market Outlook, By Ceiling Lifts (2022-2030) ($MN)
111 Middle East & Africa Patient Lift Equipment Market Outlook, By Sit-to-Stand Lifts (2022-2030) ($MN)
112 Middle East & Africa Patient Lift Equipment Market Outlook, By Floor Lifts (2022-2030) ($MN)
113 Middle East & Africa Patient Lift Equipment Market Outlook, By Bath and Pool Lifts (2022-2030) ($MN)
114 Middle East & Africa Patient Lift Equipment Market Outlook, By Slings (2022-2030) ($MN)
115 Middle East & Africa Patient Lift Equipment Market Outlook, By Accessories (2022-2030) ($MN)
116 Middle East & Africa Patient Lift Equipment Market Outlook, By Other Product Types (2022-2030) ($MN)
117 Middle East & Africa Patient Lift Equipment Market Outlook, By Usage Type (2022-2030) ($MN)
118 Middle East & Africa Patient Lift Equipment Market Outlook, By Non-Bariatric Lifts (2022-2030) ($MN)
119 Middle East & Africa Patient Lift Equipment Market Outlook, By Bariatric Lifts (2022-2030) ($MN)
120 Middle East & Africa Patient Lift Equipment Market Outlook, By End User (2022-2030) ($MN)
121 Middle East & Africa Patient Lift Equipment Market Outlook, By Home Healthcare (2022-2030) ($MN)
122 Middle East & Africa Patient Lift Equipment Market Outlook, By Nursing Homes (2022-2030) ($MN)
123 Middle East & Africa Patient Lift Equipment Market Outlook, By Hospitals (2022-2030) ($MN)
124 Middle East & Africa Patient Lift Equipment Market Outlook, By Rehabilitation Centers (2022-2030) ($MN)
125 Middle East & Africa Patient Lift Equipment Market Outlook, By Long-Term Care Facilities (2022-2030) ($MN)
126 Middle East & Africa Patient Lift Equipment Market Outlook, By Other End Users (2022-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
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