Medical Lifting Sling Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 6.60 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Medical Lifting Sling Market Analysis
The medical lifting slings market may show rapid growth due to the growth in the geriatric population, increasing lifestyle diseases, increasing the number of people suffering from neuromuscular disorders, and the measures taken to prevent overexertion in personnel handling the patients.
The global population has been aging rapidly, owing to reducing birth rates and increasing life expectancy. The number of older people is estimated to increase by nearly 60% in the next 15 years. By 2030, the total number of people above the age of 65 is expected to be more than a billion, i.e., the geriatric population may represent 12% of the global population. By 2050, this number is likely to cross 1.6 billion or 16.7% of the total population.
Therefore, the demographic trend toward an aging population and the rising incidences of chronic diseases have further lead to a longer stay in hospitals, which may increase the demand for medical lifting slings, over the forecast period.
Furthermore, there is a high risk of cross-infection in reusable slings, which has been further impeding the growth of the market studied over the forecast period.
Medical Lifting Sling Market Trends
This section covers the major market trends shaping the Medical Lifting Sling Market according to our research experts:
Hospitals Segment is Expected to be the Largest Growing Segment in the Medical Lifting Sling Market
The hospital segment accounts for the largest share in the global medical lifting slings market, and it is expected to grow steadily during the forecast period. The people suffering from neuromuscular diseases generally have limited movement capacity and need continuous support for any kind of movement. They are the primary consumers of lifting slings in homes and hospitals. Therefore, the increase in the number of neuromuscular patients, who may need lifting slings for proper movement, is expected to boost the market studied.
Europe holds the Largest Share in the Medical Lifting Sling Market
The major factors that have been driving the growth of the European medical lifting slings market are the rise in obesity prevalence, increasing aging population, and the rising incidence of accidents and injuries. Also, the country has a well-established healthcare system, therefore, the market studied has been experiencing rapid growth.鈥�
The United Kingdom has the highest number of reported obese cases in Western Europe, according to the Organization for Economic Co-operation and Development.鈥婽he Health Survey for England, 2017, had estimated that around 28.7% of adults in England were found to be obese and a further 35.6% are overweight but not obese. People aged 65-74 are most likely to be overweight or obese.
According to the German Federal Statistics Office (Destatis), 3,214 people were killed in car accidents in 2016. While 2.6 million incidents were recorded in Germany and around 308,200 of those accidents resulted in deaths or injuries, while the overall number of traffic injuries in 2016 jumped by 0.8% to 396,700, which is expected to be a vital factor in the growth of the market studied.鈥�
Medical Lifting Sling Industry Overview
There has been a presence of a considerable number of companies, and the key players have been focusing on acquisitions and collaborations to enhance their footprint in the global medical lifting slings market. The companies have been focusing on expanding their footprints by launching innovative solutions for patients.
Medical Lifting Sling Market Leaders
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Bestcare LLC
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Prism Medical Ltd
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Invacare Corporation
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GF health products Inc.鈥嬧��
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Arjo
*Disclaimer: Major Players sorted in no particular order
Medical Lifting Sling Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.2.1 Growth In Geriatric Population and Increasing Lifestyle Diseases
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4.2.2 Increasing Number of People Suffering from Neuromuscular Disorders
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4.2.3 Convenience for the Patients/People with Lift Slings
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4.3 Market Restraints
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4.3.1 Disadvantages of Patient Lifting Slings and Usage of Alternative Devices for Slings
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4.3.2 Reluctance of Patients in Using Lifting Slings
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4.4 Porter's Five Forces Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Product
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5.1.1 Standing Slings
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5.1.2 Seating Slings
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5.1.3 Universal Slings
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5.1.4 Bariatric Slings
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5.1.5 Transfer Sheets
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5.1.6 Other Products
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5.2 By Material
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5.2.1 Nylon Slings
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5.2.2 Padded Slings
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5.2.3 Canvas Slings
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5.2.4 Mesh Slings
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5.2.5 Other Materials
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5.3 By Usage Type
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5.3.1 Disposable Slings
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5.3.2 Reusable Slings
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5.4 By End User
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5.4.1 Home Care Facilities
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5.4.2 Hospital
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5.4.3 Other End Users
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5.5 Geography
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5.5.1 North America
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5.5.1.1 United States
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5.5.1.2 Canada
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5.5.1.3 Mexico
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5.5.2 Europe
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5.5.2.1 Germany
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5.5.2.2 United Kingdom
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5.5.2.3 France
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5.5.2.4 Italy
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5.5.2.5 Spain
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5.5.2.6 Rest of Europe
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5.5.3 Asia-Pacific
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5.5.3.1 China
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5.5.3.2 Japan
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5.5.3.3 India
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5.5.3.4 Australia
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5.5.3.5 South Korea
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5.5.3.6 Rest of Asia-Pacific
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5.5.4 Middle East & Africa
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5.5.4.1 GCC
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5.5.4.2 South Africa
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5.5.4.3 Rest of Middle East & Africa
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5.5.5 South America
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5.5.5.1 Brazil
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5.5.5.2 Argentina
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5.5.5.3 Rest of South America
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 ARJO
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6.1.2 Bestcare LLC
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6.1.3 Drive DeVilbiss Healthcare (Medical Depot Inc.)
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6.1.4 GF health products Inc.
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6.1.5 Guldmann Inc.
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6.1.6 Hillrom Services Inc. (Hill-Rom Holdings Inc.)
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6.1.7 Invacare Corporation
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6.1.8 Medline Industries Inc.
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6.1.9 Prism Medical Ltd
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6.1.10 Sunrise Medical Inc.
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Medical Lifting Sling Industry Segmentation
The medical lifting sling is an assistive device that allows patients in hospitals and nursing homes, and people receiving home healthcare to be transferred between a bed and a chair or other similar resting places. These are the mobile devices that help the safe lifting of patients who are weak, obese, or are disabled.
| By Product | |
| Standing Slings | |
| Seating Slings | |
| Universal Slings | |
| Bariatric Slings | |
| Transfer Sheets | |
| Other Products |
| By Material | |
| Nylon Slings | |
| Padded Slings | |
| Canvas Slings | |
| Mesh Slings | |
| Other Materials |
| By Usage Type | |
| Disposable Slings | |
| Reusable Slings |
| By End User | |
| Home Care Facilities | |
| Hospital | |
| Other End Users |
| Geography | ||||||||
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Medical Lifting Sling Market Research FAQs
What is the current Medical Lifting Slings Market size?
The Medical Lifting Slings Market is projected to register a CAGR of 6.60% during the forecast period (2024-2029)
Who are the key players in Medical Lifting Slings Market?
Bestcare LLC, Prism Medical Ltd, Invacare Corporation, GF health products Inc.鈥嬧�� and Arjo are the major companies operating in the Medical Lifting Slings Market.
Which is the fastest growing region in Medical Lifting Slings Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Medical Lifting Slings Market?
In 2024, the North America accounts for the largest market share in Medical Lifting Slings Market.
What years does this Medical Lifting Slings Market cover?
The report covers the Medical Lifting Slings Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Medical Lifting Slings Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Medical Lifting Slings Industry Report
Statistics for the 2024 Medical Lifting Slings market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Medical Lifting Slings analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
