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Amid the COVID-19 crisis, the global market for Patient Lifting Equipment estimated at US$ 3.3 Billion in the year 2020, is projected to reach a revised size of US$ 7 Billion by 2027, growing at a CAGR of 11.4% over the analysis period 2020-2027.
Ceiling Lifts, one of the segments analyzed in the report, is projected to record a 11.9% CAGR and reach US$ 1.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Star & Wheelchair Lifts segment is readjusted to a revised 12.2% CAGR for the next 7-year period.