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NORTH AMERICA MEDICAL LIFTING SLING MARKET FORECAST 2020-2028

NORTH AMERICA MEDICAL LIFTING SLING MARKET FORECAST 2020-2028

  • January 2020
  • 178 pages
  • ID: 4379302
  • Format: PDF
  • Inkwood Research

Summary

Table of Contents

KEY FINDINGS
The North American market of medical lifting sling is anticipated to record a CAGR of 9.48% during the projected period of 2020-2028. Some of the main factors responsible for the market growth in the region are lifestyle-oriented diseases, an increase in healthcare expenditure, and technological advancement. According to WHO, diseases like CVD (Cardio Vascular Disease), CHD (Coronary Heart Disease), hypertension, stroke, and other heart diseases are highly prevalent in North America, leading to increased demand for medical lifting sling.

MARKET INSIGHTS
The North America medical lifting sling market growth is further studied on the basis of the market in regions of the US and Canada. In 2017, Canada spent 11.5% of its GDP on the healthcare sector. In Canada, the major hospitals are equipped with the latest technology, such as a medical sling, which enables surgeons to provide quality treatment. The cost of heart, orthopedic, or cancer surgeries is comparatively cheaper in Canada compared to the US, leading to higher use of medical lifting sling. Favorable government healthcare policies make it easy for a Canadian citizen to meet the costs of surgeries and hospital stays. An individual who enrolls for the healthcare program gets a healthcare card issued by the Provincial Ministry of Health. The Canadian government pays approximately 70% of the healthcare costs. Every citizen is provided with medical insurance. The increasing investment in the healthcare segment for research, health promotion, and community programs in the country is boosting the market growth. For instance, the heart and stroke foundation invested more than $91 million in research and development and other activities related to heart diseases and surgeries, which results in a rising demand for medical lifting sling.

COMPETITIVE INSIGHTS
Guldmann Inc., Drive DeVilbiss Healthcare, Hill-Rom, Prism Medical Ltd, DJO Global, Inc., etc. are some of the prominent companies operating in the market.

Our report offerings include:
•Explore key findings of the overall market
•Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
•Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
•Market Segmentation cater to a thorough assessment of key segments with their market estimations
•Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
•Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
•Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
•Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

Companies mentioned
1. PHILIPS
2. ARJOHUNTLEIGH INC.
3. BESTCARE LLC
4. DJO NORTH AMERICA (ACQUIRED BY COLFAX CORPORATION)
5. DRIVE MEDICAL
6. INVACARE CORP.
7. PRISM MEDICAL LTD.(ACQUIRED BY LIMERSTON CAPITAL)
8. GULDMANN INC.
9. HILL-ROM HOLDINGS, INC.
10. GF HEALTH PRODUCTS INC
11. JOERNS HEALTHCARE, LLC
12. CARE & INDEPENDENCE
13. ETAC AB
14. HANDICARE AS
15. SILVALEA LTD.

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