Medical Lifting Sling Market

Global Medical Lifting Sling Market Size (2023 to 2028)

The global medical lifting sling market size is estimated to grow to USD 1092 million by 2028 from USD 633.6 million in 2023, growing at a CAGR of 11.5% from 2023 to 2028.

Global Medical Lifting Sling Market Share Insights:

• Based on the product, the transfer sling segment held 30.4% of the global market share in 2022.
• Based on material type, the nylon segment led the market and captured 31.6% of the global market share in 2022.
• Based on usage, the reusable segment occupied a major share of the global market in 2022.
• Based on end-user, the end-user segment accounted for the leading share of the global market in 2022.
• Europe was the biggest regional segment in the worldwide market in 2022.

MARKET DRIVERS:

The growing aging population worldwide is one of the major factors propelling the growth of the medical lifting slings market. With growing age, people face issues with mobility impairments and disabilities that impact their ability to move around and perform their daily tasks. In such cases, older people take help from other people and use some of the medical instruments including medical lifting slings. These slings help to move faster and more safely and move patients in healthcare facilities or in-home care settings. The aging population is on the rise worldwide. The World Health Organization (WHO) estimates that the number of people with age 60 years or more is anticipated to reach 2.1 billion by 2050. The demand for medical lifting slings is expected to accelerate with the growing aging population and boost market growth.

The rising incidence of disabilities is another notable factor fuelling the growth rate of the medical lifting slings market. The patient population suffering from various disabilities is growing rapidly worldwide. According to the data provided by the World Health Organization (WHO), an estimated 16% of the world population is suffering from significant disability worldwide, accounting for 1.3 billion people of the worldwide population. People who suffer from disabilities such as spinal cord injuries, cerebral palsy, multiple sclerosis and muscular dystrophy are also likely to experience mobility impairments and need medical lifting slings to transfer patients safely and comfortably.

Technological advancements are further accelerating the medical lifting slings market growth. Due to the technological advancements in the healthcare industry, people with disabilities are able to live longer, which is expected to drive the demand for these products and contribute to market growth. The technological advancements have further led to the development of specially designed lifting slings considering the individual needs of patients. For instance, bariatric slings for larger patients or slings with head support for those with spinal cord injuries have been developed to address the specific needs of individual patients and different disabilities.

In addition, the growing healthcare expenditure, particularly in developing countries has improved the availability of medical lifting slings, raising awareness among healthcare professionals and patients regarding the benefits of lifting slings, an increasing number of initiatives from several governments to improve the healthcare infrastructure and provide support to individuals with disabilities or mobility impairments including lifting slings and rising preference for home healthcare services boost the growth rate of the medical lifting slings market. Furthermore, the rising prevalence of obesity, the development of new materials, such as mesh fabrics and high-strength fibers and increasing demand for medical lifting slings in emerging markets such as APAC and Latin America promote the market’s growth rate.

MARKET RESTRAINTS:

The high cost of medical lifting slings is one of the significant factors hampering the market growth. Due to these high costs, patients in developing and underdeveloped countries are unable to afford them. Poor awareness among patients and healthcare professionals regarding the benefits of medical lifting slings is another key factor limiting the market growth. The safety concerns associated with using medical lifting slings and the stringent regulatory environment further hinder the market growth. The availability of alternative products such as hoists and transfer belts and limited reimbursement from insurance companies and government healthcare programs for medical lifting slings inhibit the growth rate of the market.

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

The COVID-19 pandemic has shown a mixed impact on the growth of the medical lifting slings market. On one side, the demand for these products has grown substantially during the COVID-19 pandemic due to the increased number of admissions in hospitals and healthcare facilities from people who have mobility impairment issues contracting COVID-19. The growing number of patients requiring respiratory support and the rising need to prevent the spread of the virus has further propelled the demand for medical lifting slings during the COVID-19 pandemic. Furthermore, the adoption of home healthcare has increased significantly during the COVID-19 pandemic, and this has resulted in the increased usage of medical lifting slings and boosted the demand levels for these products. Likewise, the medical lifting slings market has experienced a favorable impact from the COVID-19 pandemic.

On the other hand, the COVID-19 pandemic has caused severe disruptions in the global supply chains and resulted in the shortage of raw materials required for the manufacturing of medical lifting slings and affected the market growth. In addition, elective surgeries and non-essential medical proceedings were kept on hold during the COVID-19 pandemic and the whole priority had been given to COVID-19 patients and resulting negatively in the market growth. These factors have shown an unfavorable impact on the growth of the medical lifting slings market.

REPORT COVERAGE:

This research report on the global medical lifting sling market has been segmented and sub-segmented into the following categories.

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 slings segment had a substantial share of the global market in 2022 and is expected to grow at a promising CAGR during the forecast period. Factors such as the growing aging population and rising prevalence of mobility disorders, such as arthritis and Parkinson's disease propel the segmental growth. In addition, rising emphasis on reducing the incidence of patient falls and injuries during transfers is another key factor fuelling the segment’s growth rate.

The bariatric slings segment accounted for a considerable share of the worldwide market in 2022 and is anticipated to witness a notable CAGR during the forecast period. The growing patient population suffering from obesity is one of the key factors promoting segmental growth. In addition, the rising emphasis of healthcare professionals to provide safety and comfort to patients and increasing awareness among healthcare professionals regarding the potential risks associated with the use of non-specialized slings for bariatric patients further boost the segment’s growth rate.

The standing slings segment is another lucrative segment and is predicted to showcase a healthy CAGR during the forecast period. Factors such as the growing patient population suffering from mobility disorders, such as spinal cord injuries and strokes, raising awareness of the benefits of standing and walking for patients with mobility disorders and the development of advanced technologies, such as motorized standing slings drive the segmental growth.

Medical Lifting Sling Market - By Type of Material:

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

Based on the application, the nylon segment accounted for the largest share of the global market in 2022 and is estimated to register the fastest CAGR during the forecast period. The benefits of nylon slings such as being highly durable, easy to clean, lightweight, easy to use and long-lasting are primarily driving the segmental growth. The flexibility of nylon slings is another key factor driving the adoption of these slings and boosting segmental growth. The cost-effectiveness of nylon slings and the increasing adoption of nylon slings by the chronic disease patient population further fuel the segment’s growth rate.

The padded segment held a considerable share of the global market in 2022 and is predicted to witness a notable CAGR during the forecast period owing to the increasing demand for patient safety and comfort is driving the demand for specialized equipment such as padded slings. In addition, factors such as the growing prevalence of mobility disorders, such as arthritis and Parkinson's disease, advancements in technology and materials and rising awareness of the benefits of patient mobilization contribute to the segmental growth.

Medical Lifting Sling Market - By Usage Type:

• Disposable Slings
• Reusable Slings

By usage type, the reusable segment captured the largest share of the global medical lifting slings market in 2022 and is expected to showcase a healthy CAGR during the forecast period. The cost-effectiveness of reusable slings compared to disposable slings and long-term value for healthcare providers drive segmental growth. Reusable slings are more durable and more environmentally friendly than disposable slings and made of higher-quality materials. Due to these, the adoption of disposable slings is growing increasingly and contributing to segmental growth.

On the other hand, the disposable slings segment is expected to witness a steady CAGR during the forecast period. The ability to control and prevent infections of disposable slings is majorly fuelling segmental growth.

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, the hospital segment led the market in 2022 and is expected to grow at a promising CAGR during the forecast period as hospitals are the primary end-users of the medical lifting slings. Hospitals are the primary choice for patients to visit for their healthcare needs. The growing volume of patients visiting hospitals and the increasing need among hospitals for medical lifting slings for patient transfer and positioning drive segmental growth. The growing need for frequent transfers of patients within the hospital setting, such as moving patients from the bed to a wheelchair or stretcher further boost the segment’s growth rate. The rising number of hospital facilities and the growing number of hospital beds in emerging economies are additionally driving segmental growth.

The elderly care segment is another notable segment among all in the worldwide market and is expected to register a steady CAGR during the forecast period. The growing aging population requiring long-term care, the increasing number of elderly care facilities and the rising focus on patient safety and comfort drive the growth rate of the segment.

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 accounted for the major share of the worldwide market in 2022 and this regional market is anticipated to witness a noteworthy CAGR during the forecast period. The growth of the European market is attributed to the rising demand for home healthcare services, the increasing geriatric population across Europe and the growing incidence of disabilities and chronic diseases, favorable government initiatives to promote the use of medical devices and advancements in medical technologies. In addition, the growing incidence of musculoskeletal disorders among healthcare workers, the rising trend towards personalized care and the availability of a wide range of medical lifting slings to meet specific patient needs majorly boost the growth rate of the market. Germany captured the largest share of the European market in 2022 and is expected to grow at a healthy CAGR during the forecast period owing to the growing adoption of home healthcare services and the increasing geriatric population.

APAC is one of the most lucrative regional markets for medical lifting slings and is expected to grow at the highest CAGR during the forecast period. Factors such as the growing geriatric population across APAC, increasing prevalence of chronic diseases and rising number of improvements in the healthcare infrastructure in the APAC region, the increasing demand for home healthcare services and growing healthcare expenditure by APAC governments primarily promote the growth of the Asia Pacific medical lifting sling market. In addition, the growing demand for cost-effective and efficient healthcare solutions due to the high burden of chronic diseases among the countries of Asia-Pacific and the rising adoption of mobile healthcare services and telemedicine that require medical lifting slings for patient mobility and safety propel the growth rate of the APAC market. Japan held a notable share of the APAC market in 2022 and is expected to register a healthy CAGR during the forecast period.

North America had a considerable share of the global market in 2022 and is expected to grow at a healthy CAGR during the forecast period. The growth of the medical lifting sling market in North America is majorly driven by factors such as the rapid adoption of advanced medical technologies, the presence of sophisticated healthcare infrastructure and increasing healthcare spending by governments. The growing demand for bariatric lifting slings due to the high prevalence of obesity across the North American region, increasing adoption of home healthcare services and assisted living facilities that require medical lifting slings for patient mobility and safety further boost the growth rate of the North American market.

The Latin American medical lifting sling market is expected to grow steadily during the forecast period. The growing prevalence of disabilities and chronic diseases, the rising geriatric population and favorable government initiatives to promote the use of medical devices primarily drive the Latin American market growth. Brazil led the Latin American market in 2022.

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