The global bariatric lifts market is anticipated to be worth US$ 81.22 Mn in terms of revenue in 2022. The market is projected to expand at a CAGR of 6.1% to reach a market size of US$ 146.83 Mn by 2032.
Attributes
Details
Bariatric Lifts Market CAGR
6.1%
Bariatric Lifts Market (2022)
US$ 81.22 Mn
Bariatric Lifts Market (2032)
US$ 146.83 Mn
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Bariatric Lifts are Highly Preferred in the Healthcare Industry
The preference for bariatric lifts is expected to rise over the forecast period. Some of the difficulties that health practitioners face while caring for bariatric patients include musculoskeletal injuries, fractures, strains, and severe spinal compression. As a result, there is an urgent necessity and requirement for specialist equipment built specifically for bariatric patients. The increasing prevalence of lifestyle disorders, along with the expensive cost of recovery times, encourage the adoption of bariatric equipment.
Currently, the number of bariatric patients in hospitals is increasing. As a result of this trend, there is a requirement to give bariatric patients with appropriate care that is safe for both the medical practitioner and the patient. Owing to their weight and trouble with movement, a considerable majority of bariatric patients necessitate help with almost all aspects of daily living.
Furthermore, several incidences have been observed in which medical personnel were injured while treating bariatric patients. Essential chores such as ambulation, hygiene, bathing, and clothing become significantly more difficult for bariatric patients and the medical professionals who nurture these patients.
Developing Trend of Rental Facility to Push Market
The increased demand for healthcare services would create favourable prospects for the expansion of the bariatric lift market. The requirement for equipment used to deal with patients in home care settings, such as patient transfer devices, bariatric lifts, and medical beds, is expected to rise over the forecast period as the demand for home care develops.
Rental service has developed as a budding trend among patients in home health care settings who need lifts for a short period. As a result, some governments and commercial organizations source low-income group patients in developing nations with rental care facilities.
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Increased Preference for Homecare Setting to Create Market Opportunities
In the upcoming decades, bariatric equipment is expected to emerge as the fastest-growing mobility assistance sector, creating a major opportunity for the bariatric lift industry. Along with this, increased hospital admission and expanding urbanization are expected to generate opportunities that would likely boost the growth of the market of bariatric lifts. Additionally, rising healthcare infrastructure spending is likely to provide opportunities in this industry.
Furthermore, the increased emphasis of market players on the adoption of modern technologies, as well as the upsurge in the number of evolving markets, are also projected to create further chances for the market of the bariatric lift to grow throughout the forecast period.
Ahead-of-the-curve Developments from Global Market Players
Physical limitations become more common as people become extremely obese due to a sedentary lifestyle. This is dramatically influencing the need for assistive mobility devices such as medical lifts. Market players have identified that it is important to emphasize unique traits because these devices are designed for overweight persons. Therefore sturdiness, superior efficiency, and ease of moving and operation should be the priority when contending the bariatric lift market. Prominent manufacturers have produced bariatric lifts that reduce the risk of musculoskeletal injuries caused by lifting, positioning, and moving patients.
Manufacturers of bariatric lifts are focusing on developing new products to boost their income-generating capacity and acquire a competitive advantage over other market participants. For example, Invacare Corporation, a major brand in the patient lifting equipment business, publicized the launch of a revolutionary patient lift solution called BirdieTM Evo XPLUS for the US market in May 2022. This equipment has sophisticated patient lifting technology to offer optimal comfort and safety while moving the patient from a chair, the floor, or a bed.
Bariatrics is a term used for providing healthcare for individuals who have extreme obesity. Calculating the Body Mass Index or BMI is the most commonly accepted and consistent method for determining whether an individual is obese. Most often, hospital staff activate bariatric protocols when a patient’s weight exceeds 350 pounds.
Presently, there is an increase in the number of bariatric admissions in the hospitals. Due to this trend, there is a need to provide dignified care to bariatric patients that is safe both for the patient and the healthcare provider. A large number of bariatric patients, due to their size and difficulty with mobility require assistance with almost all the activities of daily living. It is here that the huge potential for bariatric lifts markets comes to the fore.
In addition, a number of cases have been reported where healthcare providers have experienced injuries while providing patient care to bariatric patients. All the activities like maintaining hygiene, bathing, ambulation and dressing become much more challenging for bariatric patients and for the healthcare workers providing care to such kind of patients.
Musculoskeletal injuries, strains, sprains and excessive spinal loading are some of the risks that the care givers are exposed to while caring for bariatric patients. Thus, there is a pressing need and demand for specialized equipment that are specially designed for bariatric patients. In this context, the bariatric lifts market is poised to exhibit a sustained growth during the decade of 2016-2026.
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Bariatric Lifts Market: Drivers
As per the National Centre for Health Statistics at the Centre for Disease Control and Prevention, both men and women in the United States are approximately an inch taller and 25 pounds heavier than they were in 1960. This has led to a significant increase in the overweight and obese population.
Obesity has become a major challenge for the healthcare system in the United States. A critical concern is the need and ability to care for bariatric patients, i.e. patients who are obese. Respecting the dignity of the bariatric patients and possessing the ability to care physically and emotionally for this segment of the patient population is a huge challenge.
The number of individuals suffering from obesity is increasing at an alarming rate in North America. Millions are suffering from obesity and yet manufacturers are reacting slowly to the demand for bariatric mobility equipment. This provides a great opportunity for new entrants in this market. Bariatric products are poised to become the fastest growing mobility aid segment in the near future and this creates a huge opportunity for bariatric lifts market.
Manufacturers are laying emphasis on providing special features since these products are made for heavy people, so durability, great performance and ease in manoeuvring have to be kept in mind while competing in bariatric lifts market.
Bariatric Lifts Market: Restraints
Growth of bariatric lifts market is powered by increasing incidences of lifestyle diseases and a high recovery cost from injuries that promote the use of bariatric equipment. However, there is a lack of skilled training and knowledge to handle obese patients. In addition, handling obese patients is a difficult job. These are the key factors limiting the growth of bariatric lifts market.
Bariatric Lifts Market: Key Regions
Europe and North America are key markets for the bariatric equipment. While Europe has the largest market size, North America is the fastest growing bariatric equipment market. This is due to the proactive healthcare measures taken by the American government.
Bariatric Lifts Market: Key Market Players
In the United States, dominant players of bariatric equipment market include Stryker Corporation and Invacare Corporation. In Europe, Getinge Group is a major player in bariatric equipment market.
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The report covers exhaustive analysis on
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Regional analysis includes
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, N. Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
