Global Medical Lifting Slings Market - 2022-2029
Market Overview
The global medical lifting slings market size was valued at US$ XX million in 2021 and is estimated to reach US$ XX million by 2029, growing at a CAGR of XX% during the forecast period (2022-2029).
Medical lifting sling is a device that allows patients in hospitals and nursing homes and persons receiving home treatment to be transported from a bed to a chair or other comparable resting area. These are transportable devices that aid in the safe lifting of frail, obese, or incapacitated patients.
Market Dynamics
The rising frequency of chronic diseases necessitating long-term patient care is expected to increase the use of medical lifting slings.This market's target demographic is the geriatric population. This population is predisposed to age-related illnesses, resulting in immobility in patients in some situations. Furthermore, establishing aged care centers and long-term care facilities exclusively for geriatric patients creates new opportunities for market participants.
Increasing prevalence of neuromuscular disorders will drive the market growth
The medical lifting slings market is expected to increase rapidly as the senior population grows, lifestyle diseases become more prevalent, the number of people suffering from neuromuscular disorders rises, and methods to prevent overexertion in personnel handling patients become more prevalent.
Because of lower birth rates and longer life expectancies, the global population has been rapidly aging. In the next 15 years, the number of elderly individuals is expected to rise by approximately 60%. The total number of persons over 65 is predicted to exceed a billion by 2030, implying that the geriatric population may account for 12% of the world population. By 2050, this figure is expected to exceed 1.6 billion, accounting for 16.7% of the global population.
As a result, the aging population and increased prevalence of chronic diseases have led to longer hospital stays, which may enhance demand for medical lifting slings over the projection period.Furthermore, there is a considerable danger of cross-infection with reused slings, which has hampered the market's growth throughout the projection period.
The global medical lifting slings market is being driven primarily by an increase in the prevalence of neuromuscular disorder diseases such as Parkinson's disease and spinal muscular atrophy; an increase in the incidences of muscular disorder; an increase in demand for universal slings; an increase in funding from private and government organizations for the development of various healthcare sectors; and advancements in medical lifting slings technologies. According to the National Organization for Rare Disorders, approximately one in every 3500 males is diagnosed with Duchenne muscular dystrophy. Duchenne muscular dystrophy is characterized by the wasting of muscles in the pelvic area, followed by the wasting of muscles in the shoulder. According to the International Osteoporosis Foundation, one in every five men and one in every three women over the age of 50 will develop osteoporotic fractures. Similarly, the World Health Organization (WHO) projected in 2021 that roughly 2.8 million people would die each year due to being overweight. Furthermore, a boost in the number of modern home care facilities and increased demand for patient lifting drive market expansion. For example, the Mayo Clinic, a non-profit American academic medical facility, announced the debut of advanced care at home in June 2020, intending to provide patients with complete, innovative, and sophisticated care.
In addition, technological developments in the manufacturing of medical slings and an increase in healthcare spending drive market expansion. Guldmann, for example, announced the release of a new sling strap with smart loop technology. The slings are intended to improve comfort while reducing shearing pressures. When removing sling straps from patients, caregivers exert less effort. These factors are likely to boost the medical lifting slings market.
COVID-19 Impact Analysis
The COVID-19 epidemic is expected to impact the worldwide medical lifting slings market growth positively. The rising number of COVID-19 cases and the growing demand for ventilator support have highlighted the importance of having the correct tools and supporting aids during one's hospital stay. The World Health Organization's (WHO) guidelines for COVID-19 patient treatment emphasize disposable medical lifting slings and associated equipment.
Segment Analysis
The hospital segment is expected to grow at the fastest CAGR during the forecast period (2022-2029)
The hospital segment dominates the worldwide medical lifting slings market, and it is predicted to develop gradually over the forecast period. People with neuromuscular illnesses typically have reduced movement capacity and require ongoing support for any movement. In homes and hospitals, they are the principal users of lifting slings. As a result, an increase in the number of neuromuscular patients who may require lifting slings for optimal movement is predicted to raise the market under consideration.
Geographical Analysis
Europe region holds the largest market share of the global medical lifting slings market
The rise in obesity prevalence, an older population, and an increase in accidents and injuries are the primary drivers driving the growth of the European medical lifting slings market. Furthermore, because the country has a well-established healthcare system, the market under consideration has seen tremendous expansion.
According to the Organization for Economic Cooperation and Development, the United Kingdom has the greatest number of recorded obese cases in Western Europe. According to the 2017 Health Survey for England, approximately 28.7 percent of adults in England are obese, with 35.6 percent being overweight but not obese. Overweight or obese people are most likely to be between 65 and 74.
In 2016, 3,214 persons were killed in car accidents in Germany, according to the Federal Statistics Office (Destatis). While 2.6 million occurrences were registered in Germany, with approximately 308,200 of those accidents resulting in deaths or injuries, the overall number of traffic injuries in 2016 increased by 0.8 percent to 396,700, a critical component of the market's growth.
Competitive Landscape
The medical lifting slings market is highly competitive presence of local as well as global companies. Some of the key players which are contributing to the growth of the market include Bestcare LLC, Prism Medical Ltd, Invacare Corporation, GF health products Inc, Arjo, Hill-Rom Holdings Inc, Guldmann Inc, Stryker, Joerns Healthcare LLC, Silvalea, among others. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the medical lifting slings market globally. For instance, In March 2019, Birdie EVO Compact, a new product from Invacare Corporation, has been added to the Birdie mobile hoist line. The newly released items are designed to elevate patients from their chairs, beds, and the ground.
GF Health Products Inc
Overview:
GF Health Goods, Inc. ( Graham-Field ) is a global leader in manufacturing medical products for the health care business. Graham-Field provides nearly 50,000 items utilized in hospitals, long-term care facilities, clinics, and for those receiving home care.
Product Portfolio:
Surelift: When transferring a resident from a seated position, universal slings (also known as divided leg slings) are the most convenient sling to employ. These may also be used to lift from a supine posture, making them appropriate for the majority of lifting circumstances. They are a simple, all-purpose sling suitable for the majority of users. They can be used to shift from a bed to a chair, wheelchair, or toilet, or from a chair to the floor.
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Target Audience
Service Providers/ Buyers
Industry Investors/Investment Bankers
Education & Research Institutes
Research Professionals
Emerging Companies
Manufacturers
Market Segmentation
Global Medical Lifting Slings Market– By Product
Standing Slings
Slating Slings
Universal Sling
Bariatric Slings
Transfer Sheets
Others
Global Medical Lifting Slings Market- By Material
Nylon Slings
Padded Slings
Canvas Slings
Mesh Slings
Others
Global Medical Lifting Slings Market- By Usage Type
Disposable Slings
Reusable Slings
Global Medical Lifting Slings Market– By End User
Home Care Facilities
Hospitals
Others
Global Medical Lifting Slings Market- By Region
North America
Europe
Asia-Pacific
Middle East & Africa
South America
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