LATIN AMERICA PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET 2024-2032

Triton’s report denotes that the Latin America patient mechanical lift handling market is anticipated to progress at a CAGR of 5.14% during the forecasting period 2024-2032.

Report scope can be customized per your requirements - Request Free Sample Report

Latin America is a popular spot for medical tourism, drawing patients from various countries seeking healthcare. These healthcare facilities often emphasize patient safety and comfort, driving the demand for innovative technologies like patient mechanical lift handling systems. Industry estimates valued the medical tourism sector in the region to be around $7 billion in 2022. Additionally, the rising prevalence of chronic disorders such as obesity, diabetes, and cardiovascular disease often results in reduced mobility and a need for assistance with daily activities. In this regard, patient mechanical lift handling technology enables healthcare workers to safely and efficiently manage patients with limited mobility.

The countries reviewed in this region include:

Key Countries	Growth rate for 2024-2032
Brazil	5.08%
Mexico	5.32%
Rest of Latin America	5.04%

Brazil captures the majority of the market share, accounting for $30.74 million in 2023

In 2021, Brazil’s public health system (SUS) reported an increase in investments aimed at modernizing healthcare facilities, including the purchase of advanced equipment for patient handling.

The country’s aging population and inefficiencies in healthcare resource management create opportunities for US products and services, especially in assisted living, mental health, rehabilitation, and chronic disease management. These areas have a high demand for patient mechanical lift handling equipment essential for assisting the elderly with mobility and care.

The market for patient lift equipment in Brazil has significant growth potential if companies highlight cost-effectiveness and the advantages of their advanced technologies to succeed in the price-sensitive healthcare sector.

Market Forecast for Mexico

According to data from the Mexican National Institute of Statistics and Geography (INEGI), the leading causes of premature death in Mexico from January to June 2022 included heart disease (30.6%) and diabetes (27.6%). These figures underscore the urgent healthcare needs in Mexico, especially in chronic disease management, rehabilitation, and palliative care. The high incidence of heart disease and diabetes creates a substantial need for patient mechanical lift handling equipment to aid those with reduced mobility. Mexico’s increasing demand for advanced medical equipment, along with its expanding healthcare infrastructure, makes it a promising market for manufacturers and suppliers of such equipment.

The market is sub-segmented based on product and end-user. The product segment further includes powered sit-to-stand lifts, floor-based lifts, overhead lifts, standup & raising lifts, bath patient lifters, and other products.

A powered sit-to-stand lift, also known as an electric standing hoist, is a device designed to assist individuals who have difficulty transitioning from sitting to standing. Commonly used in healthcare facilities, nursing homes, and home care settings, these lifts facilitate the transfer of patients or adults with limited mobility. They typically consist of a sturdy frame with a sling or seat attachment that supports the individual during the transfer. An electric motor drives the lifting mechanism, eliminating the need for manual lifting and reducing physical strain on caregivers. The motor is operated by a handheld remote or control panel, ensuring safe and comfortable use.

Contender Analysis in the Patient Mechanical Lift Handling Equipment Market:

Stryker Corporation is a medical technology company specializing in a broad range of products and services across the orthopedic, medical and surgical, neurotechnology, and spine sectors. Key offerings include surgical navigation systems, orthopedic implants, patient handling and emergency medical equipment, etc. Additionally, the company’s products are designed for doctors, hospitals, and other healthcare facilities and are distributed through subsidiaries, branches, third-party dealers, and distributors across multiple regions, including Latin America. Stryker is headquartered in Kalamazoo, Michigan, the US.

Stryker’s product line includes Sage AirTap LC, a lift-compatible patient repositioning system offering 3-in-1 mobility. This product enables in-bed positioning, along with lateral and vertical transfer, ensuring patient safety during movement.

Other notable companies in the market include Savaria Corporation, Stryker Corporation, Sunrise Medical Inc, and Medline Industries LP.

KEY DELIVERABLES OF THE REPORT:

Market CAGR during the forecasting years 2024-2032
Detailed data highlighting key insights, industry components, and market strategies
Comprehensive information and estimation of the patient mechanical lift handling equipment market revenue growth in Latin America and its influence on the parent market
In-depth study of forthcoming trends in consumer behavioral patterns
A meticulous analysis of the competitive landscape and Porter’s Five Forces
A wide-ranging study of factors that will challenge the LA patient mechanical lift handling equipment market’s growth during the upcoming years

Want to get specific insights? Our team of analysts can customize this report based on your preferences. Connect with us here.

Major Players in the Market

Related Reports

Lifesciences

ASIA PACIFIC AESTHETIC LASER MARKET 2019-2027

Market By Type, Application, E ..

VIEW REPORT

Lifesciences

ASIA PACIFIC BIOCHIPS MARKET 2019-2027

Market By Type, Substrate Mate ..

VIEW REPORT

Lifesciences

ASIA PACIFIC BIOPSY DEVICE MARKET 2019-2027

Market By Device Type, Therape ..

VIEW REPORT

Lifesciences

ASIA PACIFIC DNA VACCINES MARKET 2019-2027

Market By Type, Application, T ..

VIEW REPORT

Lifesciences

ASIA-PACIFIC 3D CELL CULTURE MARKET 2019-2027

Market By Technology, Applicat ..

VIEW REPORT

Lifesciences

ASIA-PACIFIC AIRWAY CLEARANCE SYSTEM MARKET 2019-2028

Market By Application, Type, E ..

VIEW REPORT

Lifesciences

ASIA-PACIFIC ALZHEIMER’S DISEASE THERAPEUTICS AND DIAGNOSTICS MARKET 2022-2028

Market by Therapeutics, Diagno ..

VIEW REPORT

Lifesciences

ASIA-PACIFIC AMNIOTIC MEMBRANE MARKET 2022-2028

Market by Type, Application, E ..

VIEW REPORT

Table of Content

1. LATIN AMERICA PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET - SUMMARY

2. INDUSTRY OUTLOOK

2.1. IMPACT ANALYSIS ON THE PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET

2.1.1. COVID-19 IMPACT

2.2. PORTER’S FIVE FORCES ANALYSIS

2.2.1. THREAT OF NEW ENTRANTS

2.2.2. THREAT OF SUBSTITUTES

2.2.3. BARGAINING POWER OF BUYERS

2.2.4. BARGAINING POWER OF SUPPLIERS

2.2.5. THREAT OF COMPETITIVE RIVALRY

2.3. SUPPLY CHAIN ANALYSIS

2.3.1. RAW MATERIAL

2.3.2. MANUFACTURERS

2.3.3. DISTRIBUTORS

2.3.4. END-USER

2.4. REGULATORY FRAMEWORK

2.5. KEY MARKET STRATEGIES

2.5.1. PRODUCT LAUNCHES

2.5.2. COLLABORATIONS

2.5.3. ACQUISITIONS

2.5.4. BUSINESS EXPANSIONS

2.6. MARKET DRIVERS

2.6.1. GREATER CARE PROVISION FOR THE RISING ELDERLY DEMOGRAPHIC

2.6.2. CAREGIVER INJURY RISK IN MANUAL PATIENT HANDLING

2.6.3. INCIDENCE OF CHRONIC DISEASES

2.6.4. ENHANCED OPERATIONAL EFFICIENCY WITH PATIENT MECHANICAL LIFT HANDLING EQUIPMENT

2.7. MARKET CHALLENGES

2.7.1. HIGH COST OF EQUIPMENT

2.7.2. STORAGE NEEDS AND DEVICE MANAGEMENT HURDLES

2.7.3. DEARTH OF TRAINED CAREGIVERS

2.8. MARKET OPPORTUNITIES

2.8.1. DEMAND FOR IN-HOME HEALTHCARE SERVICES

2.8.2. SURGE IN HEALTHCARE EXPENDITURE AND FOCUS ON PATIENT SAFETY

2.8.3. TECHNOLOGICAL ADVANCEMENTS IN PATIENT HANDLING EQUIPMENT

2.9. ANALYST PERSPECTIVE

3. LATIN AMERICA PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET – BY PRODUCT

3.1. FLOOR-BASED LIFTS

3.2. POWERED SIT-TO-STAND LIFTS

3.3. STANDUP & RAISING LIFTS

3.4. OVERHEAD LIFTS

3.5. BATH PATIENT LIFTERS

3.6. OTHER PRODUCTS

4. LATIN AMERICA PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET– BY END-USER

4.1. HOSPITAL

4.2. HOMECARE

4.3. ELDER CARE HOME

4.4. OTHER END-USERS

5. LATIN AMERICA PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET – BY COUNTRY OUTLOOK

5.1. LATIN AMERICA

5.1.1. COUNTRY ANALYSIS

5.1.1.1. BRAZIL

5.1.1.1.1. BRAZIL PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET FORECAST & PROSPECTS

5.1.1.2. MEXICO

5.1.1.2.1. MEXICO PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET FORECAST & PROSPECTS

5.1.1.3. REST OF LATIN AMERICA

5.1.1.3.1. REST OF LATIN AMERICA PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET FORECAST & PROSPECTS

6. COMPETITIVE LANDSCAPE

6.1. ARJO AB

6.1.1. OVERVIEW

6.1.2. PORTFOLIO

6.1.3. KEY STRENGTHS

6.1.4. KEY CHALLENGES

6.2. BAXTER INTERNATIONAL INC (HILL ROM HOLDINGS INC)

6.2.1. OVERVIEW

6.2.2. PORTFOLIO

6.2.3. KEY STRENGTHS

6.2.4. KEY CHALLENGES

6.3. ETAC AB

6.3.1. OVERVIEW

6.3.2. PORTFOLIO

6.3.3. KEY STRENGTHS

6.3.4. KEY CHALLENGES

6.4. INVACARE CORPORATION

6.4.1. OVERVIEW

6.4.2. PORTFOLIO

6.4.3. KEY STRENGTHS

6.4.4. KEY CHALLENGES

6.5. JOERNS HEALTHCARE

6.5.1. OVERVIEW

6.5.2. PORTFOLIO

6.5.3. KEY STRENGTHS

6.5.4. KEY CHALLENGES

6.6. MEDLINE INDUSTRIES LP

6.6.1. OVERVIEW

6.6.2. PORTFOLIO

6.6.3. KEY STRENGTHS

6.6.4. KEY CHALLENGES

6.7. SAVARIA CORPORATION

6.7.1. OVERVIEW

6.7.2. PORTFOLIO

6.7.3. KEY STRENGTHS

6.7.4. KEY CHALLENGES

6.8. STRYKER CORPORATION

6.8.1. OVERVIEW

6.8.2. PORTFOLIO

6.8.3. KEY STRENGTHS

6.8.4. KEY CHALLENGES

6.9. SUNRISE MEDICAL INC

6.9.1. OVERVIEW

6.9.2. PORTFOLIO

6.9.3. KEY STRENGTHS

6.9.4. KEY CHALLENGES

6.10. WINNCARE GROUP

6.10.1. OVERVIEW

6.10.2. PORTFOLIO

6.10.3. KEY STRENGTHS

6.10.4. KEY CHALLENGES

7. RESEARCH METHODOLOGY & SCOPE

7.1. RESEARCH SCOPE & DELIVERABLES

7.2. SOURCES OF DATA

7.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: LATIN AMERICA PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET, BY COUNTRY OUTLOOK, 2024-2032 (IN $ MILLION)

TABLE 2: REGULATORY FRAMEWORK

TABLE 3: LIST OF PRODUCT LAUNCHES

TABLE 4: LIST OF COLLABORATIONS

TABLE 5: LIST OF ACQUISITIONS

TABLE 6: LIST OF BUSINESS EXPANSIONS

TABLE 7: LATIN AMERICA PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET, BY PRODUCT, 2024-2032 (IN $ MILLION)

TABLE 8: LATIN AMERICA PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET, BY END-USER, 2024-2032 (IN $ MILLION)

TABLE 9: LATIN AMERICA PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET, BY COUNTRY OUTLOOK, 2024-2032 (IN $ MILLION)

List of Figures

FIGURE 1: SUPPLY CHAIN ANALYSIS

FIGURE 2: LATIN AMERICA PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET, BY PRODUCT, 2023 & 2032 (IN %)

FIGURE 3: LATIN AMERICA PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET, BY FLOOR-BASED LIFTS, 2024-2032 (IN $ MILLION)

FIGURE 4: LATIN AMERICA PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET, BY POWERED SIT-TO-STAND LIFTS, 2024-2032 (IN $ MILLION)

FIGURE 5: LATIN AMERICA PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET, BY STANDUP & RAISING LIFTS, 2024-2032 (IN $ MILLION)

FIGURE 6: LATIN AMERICA PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET, BY OVERHEAD LIFTS, 2024-2032 (IN $ MILLION)

FIGURE 7: LATIN AMERICA PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET, BY BATH PATIENT LIFTERS, 2024-2032 (IN $ MILLION)

FIGURE 8: LATIN AMERICA PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET, BY OTHER PRODUCTS, 2024-2032 (IN $ MILLION)

FIGURE 9: LATIN AMERICA PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET, BY END-USER, 2023 & 2032 (IN %)

FIGURE 10: LATIN AMERICA PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET, BY HOSPITAL, 2024-2032 (IN $ MILLION)

FIGURE 11: LATIN AMERICA PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET, BY HOMECARE, 2024-2032 (IN $ MILLION)

FIGURE 12: LATIN AMERICA PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET, BY ELDER CARE HOME, 2024-2032 (IN $ MILLION)

FIGURE 13: LATIN AMERICA PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET, BY OTHER END-USERS, 2024-2032 (IN $ MILLION)

FIGURE 14: LATIN AMERICA PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET, BY COUNTRY OUTLOOK, 2023 & 2032 (IN %)

FIGURE 15: BRAZIL PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET 2024-2032 (IN $ MILLION)

FIGURE 16: MEXICO PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET 2024-2032 (IN $ MILLION)

FIGURE 17: REST OF LATIN AMERICA PATIENT MECHANICAL LIFT HANDLING EQUIPMENT MARKET 2024-2032 (IN $ MILLION)