LONDON, Feb. 15, 2016 /PRNewswire/ -- The North American Patient Handling Systems Market : Increased Adoption of Patient Lifts in US Acute Care Hospitals Drives Market Growth
In this study of the North American patient handling systems market, patient lifts are broadly segmented as ceiling and floor lifts. End users are segmented as acute care hospitals, long-term care, and home care. The US market accounts for about 83% of the total market by revenue and is expected to grow faster than the Canadian market. Penetration of ceiling lifts in the Canadian long-term and home care markets is better than in the US where the reimbursement scenario will continue to pose a challenge for penetration. This research service includes a look at market drivers and restraints, forecasts and trends, the competitive landscape, and new product launches. The base year used for analysis is 2014 with forecasts from 2015 to 2018.
The US market accounts for % of the total market by revenue and is expected to grow faster than the Canadian market for patient lifts.
-The US market for patient lifts in acute care hospitals is still underpenetrated when compared to the Canadian market.
-The acute care hospital segment for patient lifts contributed the highest share in terms of revenue, followed by the long-term care and home care markets. This hospital market is expected to grow fastest among all the end-user segments described.
-The long-term care market is well penetrated and will near saturation over the forecast period. The home care market is still restricted by reimbursement policies in the United States.
-Ceiling lifts and floor lifts have nearly equal market shares; ceiling lifts will grow faster than floor lifts due to their increased adoption in the institutional set-ups.
-ArjoHuntleigh and Hill-Rom lead the market with a significant presence in the acute care segment anchored by their strong product portfolios of ceiling and floor lifts. Invacare leads the floor-based patient lifts segment in the long-term care and home care markets.
Key Questions This Study Will Answer
-What is the market size and potential for the patient lifts market in North America (US and Canada)?
-Which are the key end-user segments of the patient handling systems market, and what is the growth of patient lifts by product type in each of these segments?
-What are the major factors driving growth, and what are the challenges faced by the patient handling systems market?
-What is the market size, growth, and important trends for each segment in the patient handling systems market?
-What is the competitive structure of the patient handling systems market in North America, and how is it expected to change during the forecast period?
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