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GLOBAL MEDICAL LIFTING SLINGS MARKET FORECAST 2018-2026

GLOBAL MEDICAL LIFTING SLINGS MARKET FORECAST 2018-2026

  • January 2018
  • 148 pages
  • ID: 5292787

Summary

Table of Contents

KEY FINDINGS
The market for global medical lifting slings is expected to proliferate to $1341.2 million by the end of the year 2026 from $ 515 million in 2017. The market is anticipated to grow at 11.23% of CAGR throughout the forecasting years. Increasing growth of the aging population and growing prevalence of life-threatening diseases like cardiovascular disorders, diabetes, etc. are few of the factors up surging the growth of the medical lifting slings across the world.

MARKET INSIGHTS
A medical lifting sling is a device that assists or helps the caretaker in transferring a patient, with flexibility from the bed to chair or back. Medical lifting slings have lots of advantages like easily transfer of geriatric people, less risk, and less burden on the staff. The increasing life expectancy and changing lifestyle has boosted the demand for medical lifting slings.

The global medical lifting slings market covers products, materials, and usage type, and end-user segment. The medical lifting products are used for various purposes. In the product segment, transfer sling is the fastest growing product. Nylon slings dominate the material segment as it is less expensive than other materials. The usage type segment is expected to be over-powered by the reusable slings. The hospitals lead the end-user segment in the market.

REGIONAL INSIGHTS
The global medical lifting sling market has been segmented into four major regions North America, Asia Pacific, Europe, and rest of world. The North America medical lifting slings market is anticipated to possess colossal share by the year 2026. The advancement in technology, rise in healthcare expenditure are few of the factors proliferating the growth of the market in this region. The Asia Pacific is expected to be the rapidly growing region for the medical lifting slings market majorly due to the increased diabetes patients in the region and growing elderly population.

COMPETITIVE INSIGHTS
Some of the key Companies present the global medical lifting slings market are Philips Corporation, Benmor Medical, K Care Healthcare Equipment, Invacare Corporation, Prism Medical Ltd., Guldmann Inc., Arjohuntleigh, Hill-Rom Holdings, Inc., Joerns, Silvalea Ltd, Etac Ab, Sidhil Limited, Handi-Move International, Biodex Medical Systems Inc., XXL Rehab, Handicare, Skytron, and Spectra Care.

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