Market Size of Medical Lifting Slings Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 6.60 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Medical Lifting Sling Market Analysis
The medical lifting slings market may show rapid growth due to the growth in the geriatric population, increasing lifestyle diseases, increasing the number of people suffering from neuromuscular disorders, and the measures taken to prevent overexertion in personnel handling the patients.
The global population has been aging rapidly, owing to reducing birth rates and increasing life expectancy. The number of older people is estimated to increase by nearly 60% in the next 15 years. By 2030, the total number of people above the age of 65 is expected to be more than a billion, i.e., the geriatric population may represent 12% of the global population. By 2050, this number is likely to cross 1.6 billion or 16.7% of the total population.
Therefore, the demographic trend toward an aging population and the rising incidences of chronic diseases have further lead to a longer stay in hospitals, which may increase the demand for medical lifting slings, over the forecast period.
Furthermore, there is a high risk of cross-infection in reusable slings, which has been further impeding the growth of the market studied over the forecast period.
Medical Lifting Sling Industry Segmentation
The medical lifting sling is an assistive device that allows patients in hospitals and nursing homes, and people receiving home healthcare to be transferred between a bed and a chair or other similar resting places. These are the mobile devices that help the safe lifting of patients who are weak, obese, or are disabled.
| By Product | |
| Standing Slings | |
| Seating Slings | |
| Universal Slings | |
| Bariatric Slings | |
| Transfer Sheets | |
| Other Products |
| By Material | |
| Nylon Slings | |
| Padded Slings | |
| Canvas Slings | |
| Mesh Slings | |
| Other Materials |
| By Usage Type | |
| Disposable Slings | |
| Reusable Slings |
| By End User | |
| Home Care Facilities | |
| Hospital | |
| Other End Users |
| Geography | ||||||||
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Medical Lifting Slings Market Size Summary
The medical lifting slings market is poised for significant expansion, driven by the increasing geriatric population and the rising prevalence of lifestyle-related diseases and neuromuscular disorders. As the global population ages, with a substantial increase in individuals over 65, the demand for medical lifting slings is expected to rise. This demographic shift, coupled with the longer hospital stays due to chronic conditions, underscores the necessity for lifting slings to assist in patient mobility and prevent overexertion among healthcare personnel. However, the market faces challenges, such as the risk of cross-infection associated with reusable slings, which may hinder growth. The hospital sector remains the largest segment, with a steady growth trajectory anticipated, as patients with limited movement capacity rely heavily on these devices for support.
In Europe, the medical lifting slings market is experiencing robust growth, fueled by factors such as the increasing incidence of obesity, an aging population, and a rise in accidents and injuries. The region's well-established healthcare systems further bolster market expansion. Countries like the United Kingdom and Germany highlight the need for lifting slings due to high obesity rates and traffic-related injuries, respectively. Key players in the market are actively pursuing acquisitions and collaborations to strengthen their global presence, focusing on innovative solutions to meet the evolving needs of patients. Companies such as Bestcare LLC, Prism Medical Ltd, Invacare Corporation, GF Health Products Inc., and Arjo are at the forefront of this strategic expansion.
Medical Lifting Slings Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Growth In Geriatric Population and Increasing Lifestyle Diseases
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1.2.2 Increasing Number of People Suffering from Neuromuscular Disorders
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1.2.3 Convenience for the Patients/People with Lift Slings
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1.3 Market Restraints
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1.3.1 Disadvantages of Patient Lifting Slings and Usage of Alternative Devices for Slings
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1.3.2 Reluctance of Patients in Using Lifting Slings
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Product
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2.1.1 Standing Slings
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2.1.2 Seating Slings
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2.1.3 Universal Slings
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2.1.4 Bariatric Slings
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2.1.5 Transfer Sheets
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2.1.6 Other Products
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2.2 By Material
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2.2.1 Nylon Slings
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2.2.2 Padded Slings
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2.2.3 Canvas Slings
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2.2.4 Mesh Slings
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2.2.5 Other Materials
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2.3 By Usage Type
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2.3.1 Disposable Slings
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2.3.2 Reusable Slings
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2.4 By End User
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2.4.1 Home Care Facilities
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2.4.2 Hospital
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2.4.3 Other End Users
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2.5 Geography
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2.5.1 North America
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2.5.1.1 United States
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2.5.1.2 Canada
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2.5.1.3 Mexico
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2.5.2 Europe
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2.5.2.1 Germany
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2.5.2.2 United Kingdom
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2.5.2.3 France
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2.5.2.4 Italy
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2.5.2.5 Spain
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2.5.2.6 Rest of Europe
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2.5.3 Asia-Pacific
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2.5.3.1 China
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2.5.3.2 Japan
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2.5.3.3 India
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2.5.3.4 Australia
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2.5.3.5 South Korea
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2.5.3.6 Rest of Asia-Pacific
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2.5.4 Middle East & Africa
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2.5.4.1 GCC
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2.5.4.2 South Africa
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2.5.4.3 Rest of Middle East & Africa
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2.5.5 South America
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2.5.5.1 Brazil
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2.5.5.2 Argentina
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2.5.5.3 Rest of South America
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Medical Lifting Slings Market Size FAQs
What is the current Medical Lifting Slings Market size?
The Medical Lifting Slings Market is projected to register a CAGR of 6.60% during the forecast period (2024-2029)
Who are the key players in Medical Lifting Slings Market?
Bestcare LLC, Prism Medical Ltd, Invacare Corporation, GF health products Inc. and Arjo are the major companies operating in the Medical Lifting Slings Market.
