South Korea Patient Lifting Equipment Market Overview, 2028

The country's healthcare ecosystem is embracing modern trends favouring home-based care, and this paradigm shift is influencing the demand for patient lifting equipment that seamlessly integrates into domestic environments. Cultural factors, including the importance of family and caregiving, can influence the use of patient lifting equipment. South Korea's cultural values may shape preferences for certain types of equipment and caregiving practices. Government initiatives supporting home care, coupled with a growing awareness of the importance of personalised healthcare, contribute to the prominence of patient lifting solutions in South Korea. Technological advancements, including smart and ergonomic designs, are shaping the landscape, enhancing safety, and fostering a more dignified care experience. As South Korea aligns with global healthcare standards, the market for patient lifting equipment is expected to continue its trajectory of growth, driven by a confluence of demographic factors, cultural considerations, and the pursuit of innovative solutions that empower both caregivers and individuals in need of assistance. The state of the healthcare infrastructure in South Korea, including the availability of home care services and the integration of assistive technologies, can impact the market for patient lifting equipment. Economic conditions and affordability play a role in the adoption of healthcare solutions. Patient lifting equipment that is cost-effective and aligns with the economic landscape may see greater acceptance. According to the research report, "South Korea Patient Lifting Equipment Market Research Reports," published by Actual Research, the South Korea Patient Lifting Equipment market is anticipated to grow to more than USD 30 Million by 2023–28. South Korea, like many developed nations, is experiencing a significant ageing population. As individuals age, there is an increased prevalence of mobility challenges and the need for assistance in daily activities. Patient lifting equipment becomes essential for providing safe and efficient care for seniors, both in healthcare institutions and home settings. The rise in chronic health conditions, including musculoskeletal disorders and age-related illnesses, contributes to the demand for patient lifting equipment. These devices assist individuals with limited mobility in maintaining their independence and quality of life. There is a growing trend towards home-based care in South Korea. Patients and their families increasingly prefer receiving care in the comfort of their homes. Patient lifting equipment is crucial in facilitating home-based care, allowing individuals to age in place and receive assistance with daily activities. South Korea places significant emphasis on family values and involvement in caregiving. Patient lifting equipment supports family members and cares in providing assistance to their loved ones, aligning with cultural norms and preferences. Increased awareness among healthcare professionals, cares, and the general public about the benefits of patient lifting equipment contributes to market growth. Educational programmes and training initiatives emphasise proper techniques and the importance of using lifting solutions for improved patient care. Economic factors, including the cost-effectiveness of home-based care compared to institutionalised care, influence the demand for patient lifting equipment. Families may find investing in such equipment more financially feasible than opting for long-term care facilities.

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The product types include ceiling lifts, staircase lifts, mobile lifts, sit-to-stand lifts, lifting slings, bath and pool lifts, and lifting accessories. In countries where bath and pool lifts are a growing market, South Korea places a growing emphasis on accessibility as part of a broader cultural awareness and commitment to inclusivity. The use of bath and pool lifts aligns with societal values that promote equal opportunities and access for individuals with disabilities or mobility challenges. South Korea's culture emphasises respect for elders, and the country is experiencing an ageing population. Bath and pool lifts contribute to the well-being of seniors by providing them with the means to maintain independence and participate in activities like bathing and swimming. Bathing holds cultural significance in South Korea, not just as a hygiene practice but also as a social and leisure activity. Bath and pool lifts ensure that individuals with mobility challenges can continue to participate in this cultural practice without barriers. South Korea has a growing wellness culture that extends beyond traditional healthcare. Bathing and aquatic activities are often associated with holistic well-being, and bath and pool lifts support the inclusion of individuals with mobility limitations in these wellness practices. South Korea is known for its rapid modernization and technological advancements. The adoption of advanced bath and pool lift technologies reflects the country's inclination towards incorporating innovative solutions to enhance the quality of life for individuals with disabilities. In terms of the end user, they are segmented into hospitals, homecare, elderly care facilities, and others. In South Korea, hospitals are the leading end users of lifting equipment. Patient lifting equipment, such as hoists and slings, is crucial for ensuring the safety and dignity of patients with mobility challenges. Using lifting equipment minimises the risk of falls during transfers, providing a secure and comfortable experience for patients. South Korea, like many countries, has occupational health and safety regulations in place to protect healthcare workers from injuries related to patient handling. Patient lifting equipment helps hospitals comply with these regulations by reducing the physical strain on healthcare professionals during patient transfers. Hospitals cater to a diverse range of patients with varying degrees of mobility challenges. Patient lifting equipment is versatile and can be adapted to meet the specific needs of different patients, providing customised and supportive care. Hospitals in South Korea prioritise the training and education of healthcare professionals. Training programmes often emphasise the proper use of patient lifting equipment, ensuring that healthcare providers are skilled in utilising these devices safely and effectively.

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Considered in this report: • Geography: South Korea • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report:

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• South Korea Patient Lifting Equipment market Outlook with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Products • Ceiling Lifts • Stair Lift • Mobile Lifts • Sit-to-Stand Lifts • Lifting Slings • Bath & Pool Lifts • Lifting Accessories By End User • Hospitals • Homecare • Elderly Care facilities • Others The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources. Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Patient Lifting Equipment, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.