Global Medical Lifting Sling Market (1)

Global Medical Lifting Sling Market Opportunity & Growth Outlook Report
2017
According to the Healthcare report , published by Market Data Forecast,Global Medical
Lifting Sling Market size was around USD 410 million in 2016. It is expected to grow at
a CAGR of 11.5% to reach USD 706.5 million by 2021. 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 to 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
odours caused by bodily fluids and other substances.
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Rising geriatric population, increasing cases of lifestyle diseases such as diabetes and
cardiovascular disease (CVD), government initiatives and 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 non-contagious diseases. These instruments are utilized in nursing
homes, hospitals or clinics to transfer patients with limited mobility. Increasing number of
partial immobility incidences and accidents has fuelled industry demand and growth in
the past few years.
Conversely, inadequate skilled personnel and difficulty in handling obese patients are
hampering growth. Shortage of technical expertise and inadequate training to handle
patients using these products in developing countries along with difficulties in handling
obese patients is a hindrance to the global medical lifting sling market.
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In this report, the medical lifting sling market is broadly categorized on the basis of
product, usage type, material, end user and region. If we go by products, the medical
lifting sling market is broadly categorized into seating slings, standing slings, universal
slings, hammock slings, transfer slings, toilet slings, bariatric slings, and others (such as
positioning and pivot slings). The transfer sling category is estimated to be the largest
category and will also be the fastest growing category in the aforementioned forecast
period. This growth is due to the multi-purpose application of these sling. By type of
material, the medical lifting sling market is segmented into nylon, padded, mesh, canvas,
and others (polypropylene and cotton). Nylon is the largest as well as fastest growing
segment of this market. If we go by end users, the medical lifting sling market is
segmented into elderly care, home care, hospital, and others (long-term acute care
facilities, emergency medical services, trauma centres, and nursing homes). Hospitals
are the primary end users of this market. By usage type, the medical lifting sling market
is segmented into disposable and reusable slings. In 2016, the reusable category will
hold the biggest share of the medical lifting sling market. But still, the disposable slings
category will show the largest growth rate mainly due to the use of these slings helps
control and prevent infections.
Market Segmentation
Product
Introduction
Transfer Slings
Universal Slings
Hammock Slings
Standing Slings
Seating Slings
Toileting Slings
Bariatric Slings
Others Slings
Y-o-Y Growth Analysis, By Product
Market Attractiveness Analysis, By Product
Market Share Analysis, By Product
Material
Introduction
Nylon Slings
Padded Slings
Canvas Slings
Other Material (Polypropylene and Cotton)
. Type
Introduction
Disposable Slings
Reusable Slings
. End User
Introduction
Hospitals
Home Care Facilities
Elderly Care Facilities
Other End Users
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On the basis of geography, the global Medical Lifting Sling has been segmented into
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe is
the leading market because of the higher research expenses and initiatives provides
advanced devices and private-public partnerships, and thus held the largest share in this
vertical. Additionally, chronic diseases which are prevalent and the advent of supportive
reimbursement schemes are significant factors governing the development of the vertical
in this region. Asia Pacific is likely to witness a swift growth rate over the aforementioned
forecast period. Rising per capita income along with economic development and the
presence of high unmet demands of the huge population pool in this region is projected
to contribute toward significant growth.
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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Global Medical Lifting Sling Market size was around USD 410 million in 2016. It is expected to grow at a CAGR of 11.5% to reach USD 706.5 million by 2021.