Medical Lifting Sling Market

Global Medical Lifting Sling Market Size (2022 to 2027)

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

Global Medical Lifting Sling Market Share Insights:

• Based on product, the transfer sling segment held 30.4% of the global market share in 2021.
• Based on material type, the nylon segment led the market and captured 31.6% of the global market share in 2021.
• Based on usage, the reusable segment occupied a major share of the global market in 2021.
• Based on end-user, the end-user segment accounted for the leading share of the global market in 2021.
• Europe was the biggest regional segment in the worldwide market in 2021.

Medical lifting slings are mobility devices that help weak, obese, or disabled lift patients safely. Using hydraulic technology in patient elevation improves patient comfort while 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 primarily 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.

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

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 stores, fueling the market growth. Constant economic growth in developed and developing countries potentially increased the market share over 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 increasing the growth 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 availability of raw materials increase the final products' prices, 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 difficult to carry heavy patients, impacting the market's growth. Less training programs in controlling medical lifting slings limit the demand for this market. Medical lifting slings can be reused, which raises infections from one patient to another, 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, a coronavirus (COVID-19), and declared a pandemic by the World Health Organization (WHO). Medical lifting slings, also called patient lifting slings, are used to shift or mobilize patients from one place to another without causing 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 for purchasing these patient slings due to transportation problems and a lack of human resources to manufacture them and avoid the virus spread. As a result, many hospitals have seen a shortage of patient lifting slings, as many COVID-19 patients have been admitted. By the end of 2020, large-sized hospitals started ordering bulk lifting slings, and the demand has been expanding, creating a positive impact in the market.

REPORT COVERAGE:

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 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
• Middle East and Africa

Based on geography, the European medical lifting sling 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 are prevalent, and supportive reimbursement schemes are a significant factor governing the regional market growth.

The Asia Pacific medical lifting sling market is likely to witness a fast growth rate over the forecast 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.

The medical lifting sling market in North America is anticipated to hold a notable global market share during the forecast period.

The Latin American medical lifting sling market is expected to grow steadily during the forecast period.

The medical lifting sling market in MEA is anticipated to hold a moderate global market share during the forecast period.

KEY MARKET PARTICIPANTS:

Notable companies leading the global medical lifting sling market profiled in this report are Argo Medical, Arjo Huntleigh, Bestcare LLC, Drive DeVilbiss Healthcare, Hill-Rom Holdings, Etac 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 strap 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 its market portfolio of products and services, integrating its professionals' expertise and skills with its customers to maintain enhanced customer satisfaction.