Medical Lifting Sling Market - By Product (Transfer, Hammock, Bariatric, Universal, Seating, Standing, Toileting), Material (Nylon, Padded, Mesh, Canvas), Usage (Reusable, Disposable), End-Use (Hospitals, Nursing Homes, Home Healthcare) & Forecast, 2024 – 2032
Report ID: GMI9324
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Published Date: May 2024
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Report Format: PDF
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Premium Report Details
Base Year: 2023
Companies covered: 10
Tables & Figures: 151
Countries covered: 23
Pages: 105
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Medical Lifting Sling Market Size
Medical Lifting Sling Market size was valued at around USD 1.1 Billion in 2023 and is estimated to grow at 8.1% CAGR from 2024 to 2032. Rising prevalence of chronic diseases, surging cases of muscular and neuromuscular disorders, technological advancements among others are some of the factors contributing to the market growth.
The rising prevalence of chronic diseases is a significant factor driving the growth of the market. As the global population ages, the incidence of chronic illnesses and disabilities that affects mobility is increasing. Conditions such as arthritis, neurological disorders, and musculoskeletal issues often require the use of patient handling equipment such as medical lifting sling for safe and effective. For instance, The World Health Organization (WHO) estimates that 1.3 billion people worldwide experience a significant disability, representing 16% of the global population, in 2023.
Furthermore, this increasing prevalence of chronic diseases are driving the demand for patient mobility aids. Medical lifting sling is an essential for maintaining patient dignity, independence, and comfort while ensuring the safety of both patients and healthcare providers during transfers. The growing demand for these devices is expected to continue as healthcare systems worldwide prioritize patient safety, efficiency, and the well-being of healthcare personnel involved in patient care.
A medical lifting sling is a device used to assist in the transfer of patients who have mobility issues or are unable to move independently. It is designed to safely lift and move individuals from one place to another, such as from a bed to a wheelchair or vice versa.
Medical Lifting Sling Market Trends
The focus towards offering advanced care at home, which aims to provide comprehensive, innovative, and complex care to patients is fuelling the product demand. The launch of advanced care sling straps with smart loop technology, are propelled by the rise in healthcare spending and technological advancements in the manufacturing of medical slings.
Medical Lifting Sling Market Analysis
Based on product, the market is categorized into transfer, hammock, bariatric, universal, seating, standing, toileting, and other sling types. The transfer segment dominated the market with a revenue of around USD 280 million in 2023.
The medical lifting sling market by material is categorized into nylon, padded, mesh, canvas, and other materials. The nylon segment dominated the market with a revenue of around USD 345 million in 2023.
The medical lifting sling market by usage is categorized into reusable and disposable. The reusable segment dominated the market with a revenue of around USD 631 million in 2023.
Based on end-use, the medical lifting sling market is categorized into hospitals, nursing homes, home healthcare and other end-users. The hospitals segment held major market share in the market with a revenue of around USD 427 million in 2023.
North America medical lifting sling market accounted for USD 447 million in revenue in 2023 and is predicted to witness substantial market growth over the analysis timeline.
The U.S. held a dominant position in the medical lifting sling market, with a revenue of USD 420 million in 2023.
Japan medical lifting sling market is anticipated to witness substantial growth during 2024-2032.
China exhibits a high growth potential in the medical lifting sling market.
In Europe, alongside the prioritization of patient safety and outcomes, demographic shifts towards an aging population and an increase in surgical interventions contribute to the demand for medical lifting sling.
Medical Lifting Sling Market Share
The medical lifting sling industry is fragmented in nature, with various large multinationals and small and mid-sized companies competing in the industry. The development and launch of novel product with improved efficiency and cost-effectiveness are key market strategies for medical lifting sling manufacturers, driving competition and innovation in the medical lifting sling industry.
Medical Lifting Sling Companies
Some of the eminent market participants operating in the medical lifting sling industry include:
Medical Lifting Sling Industry News:
Medical lifting sling market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 to 2032 for the following segments:
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Market, By Product
By Material
By Usage
By End-use
The above information is provided for the following regions and countries: