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