Medical Lifting Sling Market

Medical Lifting Sling Market Growth, Statistics, Trends, Forecast
Report, 2023
Medical Lifting Sling Market size is expected to surpass USD 700 million by 2023 from USD
400 million in 2015, with a CAGR of 10% from 2016 to 2023.
Rising geriatric population, increasing cases of lifestyle diseases such as diabetes and
cardiovascular disease (CVD), government initiativesand high recovery cost of injuries are the
key drivers for stimulating the use of these instruments. A considerable percentage of the
elderly population base suffers from mobility-related disorders, disabilities from noncontagious
diseases. Conversely, lack of skilled personnel and difficulty in handling obese
patients are hampering growth.
These instruments are used in nursing homes, hospitals or clinicsto transfer patients
with restricted mobility. Growing number of partial immobility incidences and accidents
has driven industry demand and growth in the last few years. Lack of technical
expertise and inadequate training to handle patients using these products in
developing economies along with difficulties in handling obese patients is a barrier to
the global medical lifting sling market.
While transferring bariatric patients it is important to have a comfortable lift sling. They
are designed to be secure enough to handle the weight of the patient and soft enough
for ensure comfort. In order to accommodate a patient’s unique size, they are built in
convenient loops that work with several types of lift and many of them are available in
two sizes. In addition to being strong and durable, they are treated with antimicrobial
protection which is intended for increasing the lifespan. Antimicrobial treatment thwarts
the growth of harmful bacteria, viruses, microbes and other disease-causing
microorganisms. It also blocks stains and odors caused by bodily fluids and other
substances.
On the basis of product, the global medical lifting sling market share is categorized
intobariatric, hammock, position, pivot, seating, standing, transfer, toilet and universal slings.
Universal segment was the industry leader in 2015, since these products provide high degree
of comfort and safe seating structure. The transfer segment is anticipated to witness high
growth over the next few years. Bariatric product growth will be hampered by low medical
lifting sling market price trend in this segment.
On the basis of usage, the industry is categorized into reusable and disposable. In 2015, the
reusable medical lifting sling market share dominated overall revenue. The disposable sector
will show the maximum growth rateas their use prevents patients from infections.
On the basis of type of material, the industry is classified into canvas, padded, nylon, mesh
and others (cotton and polypropylene). Nylon is the largest and fastest growing sector. In
2015, Europe accounted for the largest share, followed by U.S., which is estimated to show
lucrative growth rates over the next five years.
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The toileting and transfer sections are expected to increase at a high CAGR during the
forecast period. Increased growth rate of this sector is due to introduction of new supporting
applications to provide quality life for patients and higher penetration in developing economies.
In terms of sling point, the 4-point sling held the largest share in 2015, and will exhibit growth
since most products, such as spa, bathing and hammock slings fall under this sector. The u-
shaped sling is also expected to witness lucrative growth during the forecast period because
shorter lifespan results in purchasing large quantity by dealers.
Based on the end-users, the industry is categorized into hospital, home care, elderly care,
emergency medical services, nursing homes, trauma centers, etc. Hospitals accounted for the
major share of the industry in 2015 and are expected to dominate during the forecast period.
The dominance is primarily owing to high adoption rate and high usage while assisting the
disabled patients; and government initiatives of training hospital nurses. Supported living
facilities and home healthcare have seensubstantial acceptance. All these factors witnessthat
the sector is likely to expand at the maximum growth rate during the forecast period.
Key players in the medical lifting sling market are Argo Medical, Arjo Huntleigh, Bestcare,
Drive DeVilbiss Healthcare, Hill-Rom Holdings, Etac AB, GF Health Products, Guldman,
Invacare Corporation, Joerns Healthcare, and Prism Medical.
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