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Global Medical Lifting Sling Market Size, Share, Trends, Growth & COVID-19 Impact Analysis Report – Segmented By Product Type, Type of Material, Usage Type and Region - Industry Forecast (2022 to 2027)

Published: January, 2022
ID: 3639
Pages: 175
Formats: report pdf report excel report power bi report ppt

Global Medical Lifting Sling Market Size (2022 to 2027)

The global medical lifting sling market size is estimated to grow USD 979.45 million by 2027 from USD 568.34 million in 2022, growing at a CAGR of 11.5% from 2022 to 2027.

Medical lifting slings are mobility devices that help weak, obese, or disabled lift patients safely. The use of hydraulic technology in patient elevating improves patient comfort while also reducing the extra effort necessary by the staff. It is also used to support a patient while receiving treatment at a hospital or treatment center, and it is patient-friendly since it is simple to use. It is constructed of nylon, mesh, and a variety of other components, and it is commercially accessible in the shape of U or C in stores. These tools are primarily used to move people with limited mobility in nursing homes, hospitals, and clinics.

MARKET DRIVERS:

Rising incidences of chronic diseases and other health disorders, increasing adoption of sedentary lifestyles, and food habits changes are majorly promoting the growth rate of the global medical lifting sling market.

From the past few years, there is an increase in the number of obese patients, which is also one of the factors accelerating the market's demand. Medical lifting sling helps the patients during their treatment in the hospitals, where this attribute accelerates the market's growth rate. In addition, the rapidly increasing elderly population is straight propelling the demand for this market. 

Growing investments in hospitals' construction with the latest equipment worldwide create chances for the market to grow. Besides, the rise in the government's support in launching reimbursement schemes, which are entirely in favor of ordinary people, is also likely to boost the market demand. Medical lifting sling tools are convenient and readily available in the stores, fueling the market's need eventually. Constant economic growth in developed and developing countries potentially makes the market share grow from the past few years. The emergence of the latest technologies in the medical sector significantly influences the growth rate of the medical lifting sling market. An increasing number of chronic diseases where there is a need for the patient to stay longer days in hospitals magnifies the market's growth rate. Also, escalating expenditure on health care is leveling up the demand of the medical lifting sling market. Furthermore, the rising birth rate and growing prevalence of life expectancy among individuals broaden the market's growth rate. These tools are handy for patients who are disabled, weak, or obese in lifting safely. This attribute is elevating the demand for the medical lifting sling market. 

MARKET RESTRAINTS:

However, fluctuations in the raw materials' availability increase the final products' prices, which are slowly impeding the market's demand. Due to the lack of complete knowledge of the latest technologies, the shortage of skilled manufacturers is challenging for market growth. Besides, these tools are a bit difficult to carry heavy patients, impacting the market's growth. Less training programs in controlling medical lifting slings are limiting the demand for this market. Medical lifting slings can be reused, which raises infections from one patient to another, which is hampering this market's growth rate. 

Impact of COVID-19 on the global medical lifting sling market:

The world is witnessing a severe health crisis causing millions of lives at risk. The new virus is caused by a reagent known as SARS-CoV-2, known as a coronavirus (COVID-19), and declared a pandemic by the World Health Organization (WHO). Medical lifting slings are also called patient lifting slings used to shift or mobilize patients from one place to another without causing them any injuries. Lifting slings are such as stretchers, wheelchairs, and many more. Hospitals own these medical lifting slings in bulk. But, when the lockdown was initiated, there was no option of purchasing these patient slings due to transportation problems and lack of human resources in manufacturing them and avoiding the virus spread. As a result, many hospitals have seen a shortage of patient lifting slings, as many COVID-19 patients admitted. By the end of 2020, the large-sized hospitals started ordering in bulk for lifting slings, and the demand has been expanding, creating a positive impact in the market.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 to 2027

Base Year

2021

Forecast Period

2022 to 2027

Segments Covered

By Product Type, Type of Material, Usage Type, and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

 

This research report on the global medical lifting sling market has been segmented and sub-segmented into the following categories and analyzed market size and forecast for each segment until 2027.

Medical Lifting Sling Market - By Product:

  • Seating Slings
  • Standing Slings
  • Universal Slings
  • Hammock Slings
  • Transfer Slings
  • Toilet Slings
  • Bariatric Slings
  • Positioning
  • Pivot Slings

Based on product type, the transfer sling segment is estimated to be the largest segment. It is also the fastest-growing segment among all during the forecast period due to the multi-purpose application of this sling.

Medical Lifting Sling Market - By Type of Material:

  • Nylon
  • Padded
  • Mesh
  • Canvas
  • Polypropylene
  • Cotton

Based on the application, the Nylon material is the largest and fastest-growing segment of this market.

Medical Lifting Sling Market - By Usage Type:

  • Disposable Slings
  • Reusable Slings

By usage type, the market is segmented into disposable and reusable slings. In 2020, the reusable category will hold the most significant share of the medical lifting sling market. But still, the disposable slings category will show the most notable growth rate mainly due to the use of these slings to help control and prevent infections.

Medical Lifting Sling Market – By End-users:

  • Elderly Care
  • Home Care
  • Hospital
  • Long-Term Acute Care Facilities
  • Emergency Medical Services
  • Trauma Centres
  • Nursing Homes

Based on End-User, Hospitals are the primary end-users of this market.

Medical Lifting Sling Market – By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • The Middle East and Africa

Based on geography, the European market is estimated to play a significant role in the global market due to the higher research expenses and initiatives that provide advanced devices and private-public partnerships, thus holding the largest share in this vertical. Additionally, chronic diseases prevalent and the advent of supportive reimbursement schemes are significant factors governing the vertical development in this region. The Asia Pacific is likely to witness a fast growth rate over the forecast above period. Rising per capita income and economic development and the high unmet demands of the enormous population pool in this region are projected to contribute to significant growth.

KEY MARKET PARTICIPANTS:

Notable companies leading the global medical lifting sling market profiled in this report are Argo Medical, Arjo HuntleighBestcare LLCDrive DeVilbiss HealthcareHill-Rom HoldingsEtac AB, GF Health Products, Guldmann, Invacare Corporation, Joerns Healthcare, and Prism Medical.

RECENT MARKET HAPPENINGS:

  • In June 2019, Savaria Corporation completed the acquisition of Silvalea. The acquisition will provide slingshot expertise and technical knowledge to speed up special straps production for Savaria Corporation customers. The company will also expand its portfolio of patient lifts and pressure care products and improve product quality.
  • In July 2019, Prism Medical completed Durham's acquisition, which is well-known for producing and supplying quality lifting products. With this acquisition, Prism Medical expanded the portfolio of products and services offered in the market, integrating its professionals' expertise and skills with its customers to maintain enhanced customer satisfaction.

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