The India Patient Lifting Equipment market is anticipated to grow at more than 8% CAGR from 2023 to 2028.
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India has a large and aging population, with over 100 million people aged 60 and above. This is driving the demand for patient lifting equipment, as older adults are more likely to require assistance with mobility. The Indian healthcare market is expected to reach USD 372 billion by 2022, driven by increasing disposable incomes and government initiatives. This increased spending is also boosting the demand for patient lifting equipment. NGOs and charitable organizations play a crucial role in providing access to patient lifting equipment for those who cannot afford it. These organizations often organize donation drives and offer financial assistance to families in need. Rural areas in India have a lower penetration of patient lifting equipment compared to urban areas. This presents an opportunity for manufacturers to develop and market affordable and portable solutions that are specifically designed for use in rural settings. The prevalence of obesity is increasing in India, which is leading to a growing demand for bariatric patient lifting equipment. This equipment needs to be able to handle heavier weights and wider dimensions than standard lifts. Patient lifting equipment is increasingly being used in rehabilitation settings, such as hospitals and physiotherapy clinics. This equipment can help patients with mobility impairments regain their strength and independence. Renting patient lifting equipment can be a cost-effective option for patients who need the equipment for a short period of time. This is particularly beneficial for patients recovering from surgery or illness who need temporary assistance with mobility. The growing trend of DIY solutions could lead to the development of more affordable and accessible patient lifting equipment options, particularly in rural and underserved areas. However, concerns about safety and regulatory compliance need to be addressed.
According to the research report "India Patient Lifting Equipment Market Overview, 2028," published by Bonafide Research, the India Patient Lifting Equipment market is anticipated to grow at more than 8% CAGR from 2023 to 2028. The growth of telehealth and home healthcare services has influenced the design and demand for patient lifting equipment that is suitable for use in home settings. Portable and user-friendly devices are becoming more popular. There's a growing emphasis on designing patient lifting equipment with ergonomic features to reduce strain on caregivers and provide greater comfort for patients during transfers. The integration of data analytics and predictive maintenance into patient lifting equipment is on the rise. This enables healthcare facilities to monitor the performance of equipment, schedule maintenance proactively, and reduce the risk of unexpected breakdowns. Artificial Intelligence (AI) and machine learning applications are being explored to enhance the capabilities of patient lifting equipment. These technologies can contribute to predictive analytics, personalized user experiences, and the development of intelligent lifting solutions. Wearable technology is making its way into patient lifting equipment, providing caregivers with real-time data on patient movements and conditions. This can aid in making informed decisions about transfers and adjustments to care plans. The importance of infection control has been underscored by global health events. Patient lifting equipment with features that facilitate easy cleaning, disinfection, and maintenance of hygiene standards is gaining prominence. A shift towards rental and leasing models for patient lifting equipment is observed, providing healthcare facilities with more flexibility in acquiring and upgrading equipment without significant upfront costs.
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