Medical Lifting Slings Market is Prophesied to Reach US$ 3.11 billion by 2033

According to Fact.MR, a leader of market research and competitive information, the global medical lifting slings market is expected to reach a value of US$ 1.14 billion in 2023 and grow quickly at a CAGR of 10.5% from 2023 to 2033.

Medical lifting slings are also known as patient lifting slings, Hoyer lift slings, and patient transfer slings. A medical lifting sling that is wrapped around and placed beneath the patient is used to lift and carry people with mobility issues. When a patient is having treatment in a hospital or other medical facility, a medical lift sling is used to support them. There are many different types of patient slings, including universal, full-body, and split-leg slings.

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Market Frontrunners

• Arjo AB
• ArjoHuntleigh, Inc.
• Bestcare, LLC
• DJO Global, Inc.
• Drive Medical
• GF Health Products, Inc.
• Guldmann Inc.
• Hill-Rom Holdings, Inc.
• Invacare Corporation
• Prism Medical Ltd.

Patient transfer slings are developing rapidly, but in several regions, it is seen that many caregivers are unaware of the functioning of technologically improved slings, which may hamper sales growth to some extent. North America and Europe are holding a strong position in the global medical lifting slings market. Asia Pacific market is expected to grow at the fastest pace during the forecast period.

Key Takeaways from Market Study

• The global medical lifting slings market is projected to reach a valuation of US$ 3.11 billion by 2033.
• China's market is predicted to expand at a CAGR of 10% during the projected period (2023-2033).
• Sales of medical lifting slings in Japan are expected to increase at a CAGR of 9.5% during the forecast period.
• Demand for universal slings is predicted to rise at a CAGR of 11.5% during the next 10 years.

"Rapidly increasing cases of traffic accidents across the world are boosting the demand for medical lifting slings," says a Fact.MR analyst.

Winning Strategy

Some of the key manufacturers of medical lifting slings are Arjo AB, ArjoHuntleigh, Inc., Bestcare, LLC, DJO Global, Inc., Drive Medical, GF Health Products, Inc., Guldmann Inc., Hill-Rom Holdings, Inc., Invacare Corporation, and Prism Medical Ltd. To increase their product offerings and sales revenue, several major market participants are introducing cutting-edge designs with advanced technologies.
• Guldmann announced the introduction of a new sling strap using cutting-edge smart loop technology. The slings' design reduces shearing pressures while boosting comfort.
• Invacare Corporation, a well-known brand of patient lifting equipment, announced the launch of a cutting-edge patient lift solution for the American market in May 2022. The innovative patient lifting technology in the BirdieTM Evo XPLUS ensures the patient's optimal comfort and safety when being transferred from a chair, the floor, or a bed.

AmeriGlide, a reputable stair lift manufacturer, announced the introduction of the AmeriGlide UP Stair Lift in July 2021. To ensure the highest level of safety when utilising it, the new stair lift is outfitted with advanced technologies.

Industry Research

By Product :

• Universal Slings
• Seating Slings
• Transfer Slings
• Hammock Slings
• Standing Slings
• Bariatric Slings
• Toilet Slings

By Material :

• Nylon Slings
• Padded Slings
• Canvas Slings
• Mesh Slings

By Usage :

• Reusable Slings
• Disposable Slings
• Full Body Slings
• U-shape Slings

By End User :

• Hospitals
• Home Care
• Elderly Care Facilities

By Region :

• North America
• Latin America
• Europe
• East Asia
• South Asia & Oceania
• MEA

The medical lifting slings market report will improve the revenue impact of businesses in various industries by:

• Providing a framework tailored toward understanding the attractiveness quotient of various products/solutions/technologies in the medical lifting slings market
• Guiding stakeholders to identify key problem areas pertaining to their consolidation strategies in the global medical lifting slings market and offers solutions
• Assessing the impact of changing regulatory dynamics in the regions in which companies are keen on expanding their footprints
• Provides understanding of disruptive technology trends to help businesses make their transitions smoothly
• Helping leading companies make strategy recalibrations ahead of their competitors and peers
• Offers insights into promising synergies for top players aiming to retain their leadership position in the medical lifting slings market.

How can Fact.MR Make Difference?

• In-depth understanding of key industry trends shaping the present growth dynamics
• Offers value chain analysis and price trend analysis of various offering of competitors
• Offers data-drive decision to help companies decide strategies that need recalibration
• Offers insights into areas in research and development that should attract
• Identifies data outliers before your competitors

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About Fact.MR

Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range - from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories. We are committed to deliver insights that help businesses gain deeper understanding of their target markets. We understand that making sense of the vast labyrinth of data can be overwhelming for businesses. That's why focus on offering insights that can actually make a difference to bottom-lines.

This release was published on openPR.