Press release
Medical Lifting Slings Market: Demand from Hospitals and Emerging Home Health Care Trend to Boost Medical Lifting Slings Sales Globally
Obtain Report Details @ http://www.transparencymarketresearch.com/medical-lifting-slings-market.html
Since the market exhibits high demand for cost-effective, adaptive, and technologically advanced devices to address the diverse mobility needs of patients, opportunities for the entry of new players are quite high.
Hill-Rom Holding, Inc., ArjoHuntleigh, Inc., Invacare Corporation, Guldmann, Inc., Barrier Free Lifts, Inc., Silvalea, Vancare, Inc., Joerns Healthcare, LLC, MedCare, have emerged as the leading players in the global medical lifting slings market. TMR new study recommends companies to broaden their product offerings and services to strengthen their position in the market.
Favorable Government Policies Create Lucrative Prospects for Medical Lifting Slings Market
Several governments worldwide have implemented policies favoring growth of the healthcare industry, the benefits of which are extend to the medical lifting slings market as well. Encouraged by these stringent regulations, leading manufacturers have been investing on advanced designed of medical lifting slings, thus positively fuelling their demand globally. The emerging rental provisions have also significantly boosted the sales of medical lifting slings. This new trend is facilitated by the rising demand for home health care and the subsequent requirement of slings for shorter durations.
“Despite exhibiting growth at an impressive rate, the lack of technical expertise and absence of proper training provisions are likely to have an adverse impact on the market’s trajectory,” said a lead TMR analyst. “For instance, if lifts are not attached with proper slings it can prove dangerous for both patients and care providers,” he added. TMR recommends the healthcare industry to focus on training of care givers for them to understand the potential risks of various types hoisting better.
Hospitals Exhibit High Demand for Medical Lifting Slings
By end users, hospitals emerged as the largest segment in the global medical lifting slings market in 2015, accounting for a share of 47.54%. The rising obese population in developed countries such as the U.S. has been positively influencing demand from this segment. The increasing incidence of lifestyle impairments is also boosting demand for medical lifting slings across hospitals.
The high demand from hospitals is aided by the bulk purchase of medical slings from this segment due to their limited product life. Besides this, the demand for cost-effective medical lifting slings is expected to rise considerably in Asia Pacific. TMR forecasts the hospitals segment to exhibit a CAGR of 8.9% between 2016 and 2024. The hospitals segment stood at US$186.3 mn in 2015. Besides this, the home health care segment is also exhibiting rising demand for cost-effective medical lifting slings.
Fill the Form for an Exclusive Sample of this Report @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=6559
Europe to Emerge as Largest Regional Market for Medical Lifting Slings
Regionally, Europe emerged as the largest market for medical lifting slings, accounting for a share of 33.09% in 2015. North America, in the same year, emerged as the second-largest market for medical lifting slings with a share of 28.90% in the overall market. The favorable government policies will boost sales of medical lifting slings in Europe.
Based on in-depth research, TMR forecasts the global medical lifting slings market to rise at a CAGR of 9.2% between 2016 and 2024. The market was valued at US$391.8 mn in 2015 and is expected to reach US$910.6 mn by the end of 2024
This review is based on information published in a report, titled “Medical Lifting Slings Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024” by TMR.
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Contact Us
Transparency Market Research
State Tower,
90 State Street, Suite 700
Albany, NY 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Medical Lifting Slings Market: Demand from Hospitals and Emerging Home Health Care Trend to Boost Medical Lifting Slings Sales Globally here
News-ID: 610364 • Views: …
More Releases from Transparency Market Research
Handheld Marijuana Vaporizer Market Key Drivers, Market Research, and Insights f …
The global handheld marijuana vaporizer market has witnessed remarkable growth in recent years, attributed to the increasing acceptance of medicinal marijuana and the demand for convenient and discreet consumption methods. Valued at US$ 5 billion in 2021, the market is projected to surge at a CAGR of 13.4% to reach US$ 15.9 billion by 2031. This article delves into the factors driving this growth, the evolving market landscape, and the…
Disinfectant Wipes Market Forecast 2020-2030 - Market Size, Drivers, Trends, And …
The COVID-19 pandemic has precipitated a remarkable surge in the demand for disinfectant products, with a notable emphasis on disinfectant wipes as an essential tool in maintaining hygiene and preventing the spread of pathogens. This research report delves into the multifaceted landscape of the disinfectant wipes market, elucidating key trends, drivers, and innovations shaping the industry.
𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=70359
Key Players and Market Developments
Key players…
Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Stud …
The global 𝐭𝐢𝐬𝐬𝐮𝐞 𝐛𝐚𝐧𝐤𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 reached a value of US$ 1,056.4 million in 2017 and is projected to nearly triple to US$ 2,903.3 million by 2026, with a robust Compound Annual Growth Rate (CAGR) of approximately 12.0% from 2018 to 2026. Factors such as increasing awareness about tissue donation, technological advancements, and a growing target patient population are anticipated to propel market growth during this period.
Moreover, the market is expected…
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
This report by Transparency Market Research, Inc. assesses the present state and future growth potential of the global 𝐯𝐚𝐬𝐜𝐮𝐥𝐚𝐫 𝐜𝐥𝐨𝐬𝐮𝐫𝐞 𝐝𝐞𝐯𝐢𝐜𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭. It features a comprehensive executive summary, offering insights into various segments of the market. Additionally, the report provides detailed analysis and data on product, access type, application, end user, and regional segments within the global market.
Vascular closure devices is estimated to reach a value of ~US$ 1 Bn…
More Releases for TMR
Tumblers Market 2028 | TMR Research
The tumblers market is expected to set growth straight with rising demand for new attractive designs for liquors including alcoholic, and non-alcoholic in emerging region of Asia pacific. The rising disposable income, increasing access to quality products, and new product launches customised to suit the taste of the region promise major growth for the tumblers market in near future.
Download Brochure of This Market Report at - https://www.tmrresearch.com/sample/sample?flag=B&rep_id=6200
Among regions, North America,…
TMR Research
Global 3D Animation Market: Snapshot
The evolution and introduction of three-dimensional (3D) animation has given the world of animation a new perspective. The process of creating 3D moving images in a digital space through objects or models has given these illusions depth. One of the most fundamental differences between 2D animation and 3D animation is the technique used for creating the images and the way they look. The global 3D animation…
TMR
Various strategies are leveraged by success-hungry players in the global hyperbaric oxygen therapy devices market. One of them is the thrust on research and development to come up with new or better products. Their focus is on building cost-effective medical devices that would see greater uptake. Strategic partnerships are also being undertaken by them to diversify product portfolios and gain greater share. Further, companies are shifting their gaze to developing…
Monolithic Ceramics Market Analysis : TMR
Transparency Market Research has published a new market report titled “Monolithic Ceramics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the global monolithic ceramics market was valued at US$ 19.43 Bn in 2014 and is anticipated to reach US$ 36.64 Bn by 2023, expanding at a CAGR of 7.3% between 2015 and 2023.
Request to view Sample Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3158
Monolithic ceramics are…
Wax Market Analysis : TMR
A recent research report published by Transparency Market Research projects the global wax market to expand at a CAGR of 2.6% during the period between 2014 and 2020. The report, titled “Wax Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” estimates the global wax market to be worth US$8.98 bn by 2020. The overall market stood at a valuation of US$8.21 bn in 2013…
Sulfone Polymers Market Analysis : TMR
Global Sulfone Polymers Market: Snapshot
Several grades/varieties of sulfone polymers have gained vast applicability across a number of industries in the past few years. The relatively higher level of resistance wear and corrosion provided by these materials as compared to metals have increased their usage in medical devices and implants. Owing to their high transparency resistance, low weight, and high performance, the demand for sulfone polymers is also rising in the…
