Medical Lifting Column Market

Market Overview

According to Reed Intelligence the Global Medical Lifting Column Market Size will approximately grow at a CAGR of 7% during the forecast period.

Lifting columns are used whenever the safe and consistent movement of heavy machinery or equipment is required. Integrated technology is used to lift huge loads, and the lifting columns make this possible. As a result of the proliferation of increasingly sophisticated technology, there has been an increase in the demand for lifting columns, and these devices can be beneficial as lifting equipment. The lifting column provides powerful and fluid movements for the lifting columns.

These raising of columns operate on a steady guiding system that does not require any maintenance and is designed to lift huge loads wherever required. In addition, the utilization of cutting-edge technology, in conjunction with the numerous difficulties associated with lifting and adjusting various apparatus pieces across various sectors, is further encouraging demand for the worldwide lifting column market. Some of the most important technologies for the lifting column are telescopic posts, vacuum feeding systems, and other similar systems in the major industries responsible for enhancing the applications in the healthcare and pharmaceutical industries. The demand for lifting columns in the medical industry is steadily growing.

Market Dynamics

Market Drivers

• Increase In Automation

The introduction of automation has led to an increase in the number of responsibilities that may be finished by manually programming a variety of pieces of equipment just once. One example of this type of apparatus is a lifting column. Lifting columns make it possible to carry out processes more than once with the same level of effectiveness and precision as the first time.In hospitals, the staff is less in number compared to the number of beds. As a result, there can't be a hospital staff member present at all times. In these situations, automated operations, such as moving the patient or wheelchairs without assistance, will not only make the task of the hospital staff easier, but they will also incorporate comfort and self-control among the patients.

Market Restraints

• Adoption of Competitive Pricing Methods By Vendors

Manufacturers of lifting columns rely heavily on price strategy to maintain a competitive edge in this highly fragmented industry. Pricing is the only basis for competitiveness in the market because there is no diversity in the products given by different suppliers. Because of the competitive pricing, the price of the product is going down, and as a consequence, lifting column producers are seeing a low return on investment (ROI). Therefore, the use of price-cutting techniques that are competitive among vendors hampers the expansion of the market.

Market Opportunities

• Increasing Demand For Medical Facilities Using Lifting Columns

The demand for lifting columns in the healthcare industry is driven by the rising demand for medical equipment based on motion control. Vertical lifts are used in various medical equipment, including wheelchair lifts, treatment chairs, dental chairs, examination tables, and beds, to improve comfort and accessibility. In addition, there has been a rise in the aging population in both the United States and Europe, which has led to an increase in the need for medical beds and chairs equipped with lifting columns. Consequently, during the next five years, the expansion of the market will be driven by the rising need for medical facilities that use lifting columns.

Market Scope

Segmental Analysis

Segment By Type

• Multi-stage Electric Lifting Columns

Lifting columns with several stages are fitted with connected arms or stages that can be raised and lowered using a remote control device or by an operator at the top of the column. These stages can also be moved independently of one another. Multi-stage lifting columns have a lower overall energy consumption because the weight carried onto each level is immediately transferred to the ground through a chain reaction mechanism.

• Two-stage Electric Lifting Columns

In order to provide the structure with stability and support, the Lifting Columns market uses columns with two stages of lifting. These columns feature a fixed base and another stage that can be adjusted upwards or downwards according to the weight of the materials being lifted. These kinds of lifting equipment find their most common use in warehouses, which frequently need moving large materials from one location to another in various directions.

Segment By Application

• Bed

Patients benefit from the extensive use of lifting column systems in the healthcare industry. The need for bed lifts is being driven by the shortage of healthcare staff as well as the growing demand for patients to be responsible for their own care. Bed lifts are mechanical devices that can raise, lower, push, pull, or position a patient's hospital bed so that the patient more readily lifts them. Patients and staff alike can personalize their healthcare experiences with the simple click of a button, ultimately resulting in improved treatment for everyone involved. Patients have an easier time recovering when their comfort and ability to relax are not compromised by the hospital beds that do not require them to get out of bed.

• Chair

Chairs are one of the primary instruments where lifting column technology is used. The majority of the dental industry uses this type of chair. The Dentist's room is occupied with a large chair to accommodate patients. These chairs are more adjustability and comfortable; for example, supplying the chairs with a lifting mechanism to assist someone in standing up and various comfort modifications such as the capacity to tilt the backrest, reposition the leg rest, or change the position of the headrest. When patients do not need to lie down for treatment, these chairs can also give certain care.

Regional Analysis

The Global Medical Lifting Column Market is segmented by region as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

North America

The dominance of the North area can be linked to several factors, including an increase in the prevalence of diseases, an increase in the amount spent on health care, technological improvement, and a well-developed health care infrastructure. Because there will be more hospitals in the future, there will be an increase in the demand for lifting columns.

Europe

The rise in the number of individuals living in Europe who suffer from chronic diseases is a major factor that drives the need for healthcare analytics and leads to the expansion of the lifting column market in this area. The healthcare market in Germany is the largest in all of Europe, ranking first in market volume, number of patients, medical technology producers, and healthcare providers. As a result, the need for equipment will increase; consequently, the requirements for lifting columns will also increase in the future in European countries.

Asia-Pacific

The market for medical beds and chairs is expected to expand quickly in the Asia-Pacific region over the next few years. This is a result of an increase in the overall number of accidents, an improvement in the infrastructure of health care, an increase in disposable money, and an increase in the proportion of senior citizens living in this region.

South America

One of the main elements that are driving the expansion of the Latin American healthcare market is the increase in the aging population that is occurring across the American area. According to the United Nations, the number of people 65 or older is expected to triple by the year 2050. In addition, a few countries in Latin America, such as Brazil, Chile, and Mexico, may have a larger population than the United States. This elderly population is extremely vulnerable to various diseases, including diabetes, circulatory strain, sleep disorders, joint pain, and cardiovascular disease. The expanding focus placed on the provision of treatment at affordable prices, the rising cost of medical care, particularly in metropolitan areas, and the growing concern regarding the system's viability are all factors expected to contribute to the market's expansion. It is estimated that the use of lifting columns for various pieces of machinery will increase in the years to come in Latin America.

Middle East and Africa

Establishment of hospitals and clinics, domestic manufacturing, expansion of microinsurance alternatives, enhancement of care, expansion of point-of-care (POC) healthcare solutions, and a growing emphasis on in-home diagnostics are all factors that are driving growth in the African healthcare sector. The sectors of Africa's healthcare industry that account for the largest shares include pharmaceuticals, medical services, medical devices, and medical reagents and disposables. Thus,increasing the need for lifting columns and other lifting equipment in African countries.

Key Players

1. Link
2. Phoenix Mecano
3. Jiecang
4. Thomson Industries
5. Emotion
6. Suspa
7. Kaidi
8. Progressive Automations
9. LoctekMotion
10. MOVETEC Solutions
11. RICHMAT
12. X2 Technology
13. 1Roemheld

Recent Developments

• BOC purchased UKCG Group, a renowned provider of pyrolytic graphite materials, in May 2023. BOC will be able to reach new markets and diversify its product line thanks to this acquisition.
• SGL Carbon said in April 2023 that it will increase the amount of pyrolytic graphite it could produce in Germany. The lithium-ion battery industry's rising demand for pyrolytic graphite will be easier to satisfy thanks to this expansion for SGL Carbon.
• ASC Graphite announced the creation of a new variety of pyrolytic graphite in March 2023 that is more conductive and robust than standard pyrolytic graphite. Applications for this novel product are anticipated to include lithium-ion batteries, aerospace & defence, and electronics.