The Patient Mechanical Lift Handling Equipment Market size is expected to grow from USD 1.84 billion in 2023 to USD 2.54 billion by 2028, at a CAGR of 6.68% during the forecast period (2023-2028).
According to the National Cancer Institute data updated in June 2022, breast cancer was the most common cancer, with 290,560 new cases projected in the United States in 2022. Prostate cancer and lung cancer are the next most frequent cancers in the country. This burden of cancer is anticipated to increase hospital admissions and prolonged hospital stays, which will require patient lifting equipment for patient handling. This is expected to drive the demand for mechanical lifts used for patient handling, driving the market growth in the country.
Moreover, the AHA statistics show that the number of active hospitals in the United States increased from 5,534 in 2016 to 6,093 in 2020. Thus, a steep rise in the volume of hospitals and increasing hospital admissions drives higher demand for ceiling lifts in hospitals, thereby boosting the studied market growth in the country.
Additionally, the Senior Report 2021 published by America’s Health Rankings United Health Foundation showed that more than 54 million adults aged 65 and older were living in the United States in 2021, which accounted for about 16.5% of the country’s population. As this population is more prone to getting chronic diseases and surgeries for treatment, it increases the rate of hospitalization, which ultimately is expected to drive the demand for patient mechanical lift handling equipment, driving the market growth. Rising musculoskeletal disorders in the United States are expected to increase the demand for mechanical lift-handling equipment during the forecast period.
Source: ReportLinker
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