Medical Lifting Sling Market: Global Growth Strategies and 2024 Forecast

"The Business Research Company recently released a comprehensive report on the Global Medical Lifting Sling Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The medical lifting sling market size has grown rapidly in recent years. It will grow from $1.41 billion in 2023 to $1.57 billion in 2024 at a compound annual growth rate (CAGR) of 11.7%. The growth in the historic period can be attributed to increase in the elderly population, growing number of people with disabilities, Investments in healthcare infrastructure, increased research and development activities, and increased awareness and training.

The medical lifting sling market size is expected to see rapid growth in the next few years. It will grow to $2.46 billion in 2028 at a compound annual growth rate (CAGR) of 11.9%. The growth in the forecast period can be attributed to expansion of home healthcare services, rise in chronic diseases, increasing adoption of government policies, increasing cases of obesity, and increasing cases of vehicular accidents. Major trends in the forecast period include integration of smart technologies, technological advancements, product innovations, demand for customized and personalized lifting slings, and growing trend towards the use of eco-friendly and sustainable materials.

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Market Drivers and Trends:

The increased incidence of hospital acquired infections is expected to propel the growth of the hospital linen supply and management services market going forward. Hospital-acquired infections (HAIs) are infections that patients acquire during the course of receiving healthcare treatment in a hospital or other healthcare facility that were not present or developing at the time of admission. Hospital-acquired infections are driven by a combination of factors, including the presence of infectious agents in healthcare settings, compromised patient immune systems, invasive procedures, antibiotic resistance, inadequate hand hygiene, overcrowding, and insufficient infection control measures. Hospital linen supply and management services play a crucial role in preventing hospital-acquired infections by ensuring the proper laundering, sterilization, and handling of linens to minimize contamination and pathogen transmission. Effective linen management reduces the risk of cross-contamination, contributing to a safer and more hygienic hospital environment. For instance, in August 2023, according to Nuffield Trust Limited, a UK-based health research and policy analysis provider, the number of Escherichia coli infections (a type of hospital-acquired infection) rose from 6,544 in 2021 to 7,070 in 2022. Therefore, the increased incidence of hospital acquired infections is driving the growth of the hospital linen supply and management services market.

Major companies operating in the medical lifting slings market are developing patient lift solutions to enhance safety and comfort, improve efficiency in patient transfers, reduce caregiver physical strain, and support the rehabilitation and independence of patients with mobility issues. Patient lift solutions are mechanical devices and systems designed to safely lift, transfer, and reposition patients with limited mobility, using slings or harnesses to support them during movement. For instance, in May 2022, Invacare Corporation, a US-based medical equipment manufacturer, launched Birdie Evo XPLUS patient lift, a patient lift solution, designed for the post-acute care setting, featuring a sleek and modern design that incorporates technology to enhance comfort and security during patient lifting and transfers. It provides unique features such as Slow R Integrated Dampener, which is hardware built to address challenges in safe patient handling, and an ergonomic sling hook designed to help prevent sling loops from sliding out unintentionally.

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Major Key Players of the Market:

Medline Industries LP, Stryker Corporation, Hill-Rom Holdings Inc., DJO Global Inc., Arjo AB, Sunrise Medical Inc., Savaria Corporation, Invacare Corporation , Etac Ab, Drive Medical Inc., Joerns Healthcare, Handicare Group AB, FRT Manufacturing & Trading Co. Pte Ltd., Vive Health, Guldmann Inc., Winncare Group, Mangar Health Limited, Prism Healthcare Ltd., Morecare, HME Ltd., HoverTech International, Vitality Medical, Silvalea Ltd., Bestcare LLC, SCALEO Medical, Pelican Manufacturing Pty Ltd.

Medical Lifting Sling Market 2024 Key Insights:

• The medical lifting sling market size is expected to see rapid growth in the next few years. It will grow to $2.46 billion in 2028 at a compound annual growth rate (CAGR) of 11.9%.
• Impact of Rising Musculoskeletal Disorders on the Growth of the Medical Lifting Slings Market
• Innovative Patient Lift Solutions Propel Medical Lifting Sling Market
• Europe was the largest region in the medical lifting sling market in 2023

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