The medical lifting sling global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Medical Lifting Sling Market, 2024report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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 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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Scope Of Medical Lifting Sling MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Medical Lifting Sling Market Overview
Market Drivers –
The increasing incidences of musculoskeletal conditions are anticipated to drive the growth of the medical lifting slings market going forward. Musculoskeletal disorders refer to injuries or disorders that affect the human body’s movement or musculoskeletal system. The increasing incidences of musculoskeletal conditions are due to factors such as lack of exercise, an increasing aging population, poor nutrition, smoking, and excessive alcohol consumption. Medical lifting slings help in managing and preventing musculoskeletal disorders by reducing physical strain on caregivers, enhancing patient mobility and safety, promoting rehabilitation, and supporting patient independence. For instance, in December 2022, according to Osteopaths For Industry Ltd., a UK-based company that provides musculoskeletal injury prevention training and consultancy services, there were 477,000 cases of work-related musculoskeletal disorders recorded in 2021-2022. Therefore, the increasing incidences of musculoskeletal conditions is driving the growth of the medical lifting slings market.
The increasing incidences of musculoskeletal conditions are anticipated to drive the growth of the medical lifting slings market going forward. Musculoskeletal disorders refer to injuries or disorders that affect the human body’s movement or musculoskeletal system. The increasing incidences of musculoskeletal conditions are due to factors such as lack of exercise, an increasing aging population, poor nutrition, smoking, and excessive alcohol consumption. Medical lifting slings help in managing and preventing musculoskeletal disorders by reducing physical strain on caregivers, enhancing patient mobility and safety, promoting rehabilitation, and supporting patient independence. For instance, in December 2022, according to Osteopaths For Industry Ltd., a UK-based company that provides musculoskeletal injury prevention training and consultancy services, there were 477,000 cases of work-related musculoskeletal disorders recorded in 2021-2022. Therefore, the increasing incidences of musculoskeletal conditions is driving the growth of the medical lifting slings market.
Market Trends –
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.
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.
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: Baratric Slings, Hammock Slings, Seating Slings, Standing Slings, Tolleting Slings., Transfer Slings, Universal Slings, Other Slings
3) By End Use: Hospital, Homecare, Elderly Care, Other Healthcare Settings
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Regional Insights –
Europe was the largest region in the medical lifting sling market in 2023. 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.
Europe was the largest region in the medical lifting sling market in 2023. 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.
Key Companies –
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.
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.
Table of Contents
1. Executive Summary2. Medical Lifting Sling Market Report Structure3. Medical Lifting Sling Market Trends And Strategies4. Medical Lifting Sling Market – Macro Economic Scenario5. Medical Lifting Sling Market Size And Growth…..27. Medical Lifting Sling Market Competitor Landscape And Company Profiles28. Key Mergers And Acquisitions
1. Executive Summary2. Medical Lifting Sling Market Report Structure3. Medical Lifting Sling Market Trends And Strategies4. Medical Lifting Sling Market – Macro Economic Scenario5. Medical Lifting Sling Market Size And Growth…..27. Medical Lifting Sling Market Competitor Landscape And Company Profiles28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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