Press release
Medical Lifting Slings Market to Reach US$910.6 mn by 2024; Asia Pacific to Expand at Fastest CAGR
Medical lifting slings provide a solution to patient lifting problems, especially for disabled and neuromuscular disease patients, with improved quality of care, reduced risks of patients falling, skin tears, and bruises. The medical lifting slings market is driven by factors such as rising geriatric population, favorable government initiatives, and increasing incidence of lifestyle diseases. Moreover, increasing number of accidents and partial immobility incidences have fueled demand and growth of the market in the last decade. However, lack of technical expertise and proper training to handle patients with medical lifting slings in emerging economies coupled with difficulties in handling obese patients with lifting slings hampers market growth. The global medical lifting slings market was valued at US$ 391.8 Mn in 2015 and is projected to reach US$ 910.6 Mn in 2024, expanding at a CAGR of 9.2% from 2016 to 2024.
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Geographically, Europe was the largest market for medical lifting slings in 2015. Increasing acceptance of technologically advanced medical lifting slings by end-users such as hospitals and assistive facilities is one of the major factors supporting market growth. Additionally, government initiatives for improved patient care in hospitals for serious illnesses is boosting the seating slings segment in Europe. Thus, rising geriatric population also drives demand for medical lifting slings in the region. North America accounted for the second largest share of the global medical lifting slings market in 2014. Factors such as consistent rise in geriatric population in North America boosts the growth of the medical lifting slings market. For instance, according to the Journal of American Medical Association (2013), one-third of the population of the U.S., or 78.6 million, is categorized as obese. This group is a major driver of the bariatric slings segment in North America.
Asia Pacific is anticipated to witness the fastest growth rate during the forecast period due to increased disposable income, increase in health care infrastructure, and distribution and partnership strategies adopted by the key players. Additionally, the United Nations (UN) stated that Asia Pacific accounts for nearly half of the world’s geriatric population and it is expected to increase significantly by 2020. This rapid growth in the geriatric population is anticipated to increase demand for medical lifting slings. Rest of the World comprises Latin America and Middle East & Africa. The region held over 13% share of the global market. Encouraging government initiatives and developing health care infrastructure augment the medical lifting slings market in these regions.
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ArjoHuntleigh, Argo Medical, Inc., Bestcare, LLC, Drive DeVilbiss Healthcare, Etac AB, DJO Global, GF Health Products, Inc., Joerns Healthcare, LLC, Invacare Corporation, and Prism Medical are the key players in the global medical lifting slings market.
The global medical lifting slings market has been segmented as follows:
Global Medical Lifting Slings Market, by Product
Bariatric Sling
Seating Sling
Stander Sling
Universal Sling
Hammock Sling
Transfer Sling
Toileting Sling
Others
Global Medical Lifting Slings Market, by Sling Point
2 point
4 point
6 point
Global Medical Lifting Slings Market, by Sling Shape
U-shape Sling
Full Body Sling
Global Medical Lifting Slings Market, by End-user
Hospital
Nursing Home
Home Health Care
Assisted Living Facilities
Others
Global Medical Lifting Slings Market, by Geography
North America
North America Market, by Product
Bariatric Sling
Seating Sling
Stander Sling
Universal Sling
Hammock Sling
Transfer Sling
Toileting Sling
Others
North America Market, by Sling Point
2 point
4 point
6 point
North America Market, by Sling Shape
U-shape Sling
Full body Sling
North America Market, by End-user
Hospital
Nursing Home
Home Health Care
Assisted Living Facilities
Others
Europe
Europe Market, by Product
Bariatric Sling
Seating Sling
Stander Sling
Universal Sling
Hammock Sling
Transfer Sling
Toileting Sling
Others
Europe Market, by Sling Point
2 point
4 point
6 point
Europe Market, by Sling Shape
U-shape Sling
Full Body Sling
Europe Market, by End-user
Hospital
Nursing Home
Home Health Care
Assisted Living Facilities
Others
Asia Pacific
Asia Pacific Market, by Product
Bariatric Sling
Seating Sling
Stander Sling
Universal Sling
Hammock Sling
Transfer Sling
Toileting Sling
Others
Asia Pacific Market, by Sling Point
2 point
4 point
6 point
Asia Pacific Market, by Sling Shape
U-shape Sling
Full Body Sling
Asia Pacific Market, by End-user
Hospital
Nursing Home
Home Health Care
Assisted Living Facilities
Others
Rest of the World
Rest of the World Market, by Product
Bariatric Sling
Seating Sling
Stander Sling
Universal Sling
Hammock Sling
Transfer Sling
Toileting Sling
Others
Rest of the World Market, by Sling Point
2 point
4 point
6 point
Rest of the World Market, by Sling Shape
U-shape Sling
Full Body Sling
Rest of the World Market, by End-user
Hospital
Nursing Home
Home Health Care
Assisted Living Facilities
Others
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