APAC Medical Lifting Sling Market Size (2022 to 2027)
The size of the Medical Lifting Sling Market in the Asia pacific was around USD 114.89 million in 2022. It is expected to grow at a CAGR of 12.7% to reach USD 208.88 million by 2027. It captures 20% of the global market.
Medical lifting slings are patient lifting medical equipment that allows fat, disabled, or weak patients to be lifted safely.
Y-O-Y rise in obesity prevalence, the aging population, and the rising frequency of accidents and injuries are the primary factors driving the growth of the Asia Pacific medical lifting slings market. Furthermore, because the countries have a well-established healthcare system, the industry under consideration has seen tremendous expansion. Again, according to the United Nations, the world's senior population is expected to double to 1.5 billion people by 2050. As a result, market growth is fueled by an increase in the geriatric population, as older people are more prone to muscle limitations.
Increased prevalence of neuromuscular disorder diseases such as Parkinson’s disease and spinal muscular atrophy; rise in incidences of muscular disorder; rise in demand for universal slings; increase in funding from private and government organizations for the development of various healthcare sectors, and advancements in medical lifting slings technologies are further accelerating the demand for medical lifting sling products in the APAC region.
Medical device manufacturing has seen a lot of advancements in the recent past, thanks to technological breakthroughs. Guldmann, for example, has announced the launch of a new sling strap with innovative loop technology. The slings are made to provide comfort while reducing shearing pressures.
When removing sling straps from patients, caregivers put forth less effort. Nonetheless, during the forecast period, a scarcity of experienced technicians is expected to limit the market expansion. In addition, a lack of competent training and adequate understanding required to operate medical lifting slings and challenges in treating obese patients are forecasted to hamper the growth rate of the market.
This research report on the Asia Pacific medical lifting sling market has been segmented and sub-segmented into the following categories:
By Usage Type
Based on geography, Asia Pacific is likely to witness a fast growth rate over the aforementioned forecast period. Rising per capita income, economic development, and high unmet demands of the vast population pool in this region are projected to contribute toward significant growth.
Due to an increase in the prevalence of lifestyle diseases, an increase in the cost of injury rehabilitation, and an increase in the occurrences of lifestyle diseases in this area, countries such as India, China, and Japan are likely to grow in the medical lifting sling market.
KEY MARKET PLAYERS:
Companies playing a significant role in the APAC 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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