Press release
Key Medical Lifting Sling Market Trend for 2025-2034: Innovative Patient Lift Solutions Propel Medical Lifting Sling Market
"What Is the Future Outlook for the Medical Lifting Sling Market's Size and Growth Rate?The rapid expansion of the medical lifting sling market in the past years can't be overstated. Its size is projected to swell from $1.57 billion in 2024 to $1.76 billion in 2025, representing a compound annual growth rate (CAGR) of 12.0%. This notable surge during the historic era has been largely due to the growth in the aging population, the rising number of disabled people, substantial investments in healthcare facilities, escalated research and development undertakings, and heightened awareness and training engagements.
The market size of medical lifting slings is predicted to experience significant expansion in the upcoming years. It's projected to surge to $2.75 billion by 2029, with an annual compound growth rate (CAGR) of 11.8%. Numerous factors are credited to this projected growth within the forecasted period such as the expansion of home healthcare services, the prevalence of chronic diseases, the implementation of government policies, increasing obesity rates, and a rise in vehicular accidents. Key trends within the anticipated period encompass the incorporation of advanced technologies, advancements in technology, innovative product introductions, the need for personalized and custom-made lifting slings, along with a growing inclination towards eco-friendly and sustainable materials.
What Is Driving the Growth Trajectory of the Medical Lifting Sling Market?
The growth of the medical lifting slings market is expected to be fuelled by the rising instances of musculoskeletal ailments. These disorders, which impact the body's movement or musculoskeletal system, are becoming more prevalent due to reasons such as lack of exercise, an aging population, inadequate nutrition, smoking, and high alcohol consumption. Medical lifting slings aid in the management and prevention of these conditions by easing the physical burden on caregivers, improving patient movement and safety, encouraging rehabilitation, and facilitating patient independence. For example, the UK's Office for Health Improvement & Disparities stated in January 2024 that, in 2023, the number of individuals aged 16 and over who reported having a long-term musculoskeletal condition increased from 17.6% in 2022 to 18.4%. Consequently, the escalating instances of musculoskeletal conditions are propelling the medical lifting slings market.
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Which Key Market Leaders Are Driving Medical Lifting Sling Industry Growth?
Major companies operating in the medical lifting sling market are 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.
What Are the Emerging Trends in the Medical Lifting Sling Industry?
Leading businesses in the medical lifting slings market are innovating patient lift aids to bolster safety and comfort, streamline patient shifts, lessen physical strain on caregivers, and foster independence and rehabilitation for patients with mobility impairments. Patient lift aids are mechanical gadgets and systems intended to safely hoist, relocate, and reposition patients who have restricted mobility, making use of slings or harnesses to assist them during the movement. For example, in May 2022, Invacare Corporation, a medical equipment manufacturer based in the United States, introduced the Birdie Evo XPLUS patient lift, a solution specifically designed for post-acute care contexts, characterised by a sleek, modern design that integrates technology to augment comfort and security throughout patient hoisting and shifting. This innovative tool presents distinctive features like the Slow R Integrated Dampener, hardware engineered to tackle difficulties in secure patient handling, and an ergonomically designed sling hook intended to prevent the sling loops from inadvertently slipping out.
What Are the Main Segments in the Medical Lifting Sling Market?
The medical lifting sling market covered in this report is segmented -
1) By Product: Nylon Slings, Padded Slings, Mesh Slings, Canvas Slings, Other Slings
2) By Application: Bariatric Slings, Hammock Slings, Seating Slings, Standing Slings, Toileting Slings, Transfer Slings, Universal Slings, Other Slings
3) By End Use: Hospital, Homecare, Elderly Care, Other Healthcare Settings
Subsegments:
1) By Nylon Slings: Standard Nylon Slings, Heavy-Duty Nylon Slings, Single-Patient Use Nylon Slings
2) By Padded Slings: Full Body Padded Slings, Hammock Padded Slings, Universal Padded Slings
3) By Mesh Slings: Full Body Mesh Slings, Universal Mesh Slings, Padded Mesh Slings
4) By Canvas Slings: Standard Canvas Slings, Padded Canvas Slings
5) By Other Slings: Disposable Slings, Patient-Specific Slings
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Which Geographic Area Leads the Medical Lifting Sling Market?
Europe was the largest region in the medical lifting sling market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical lifting sling market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Medical Lifting Sling Global Market Report?
- Market Size Analysis: Analyze the Medical Lifting Sling Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Medical Lifting Sling Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Medical Lifting Sling Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Medical Lifting Sling Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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