Medical Lifting Slings Market Will Be Worth $1.1 Billion By 2024: Grand View Research, Inc.
The medical lifting sling market is expected to reach
USD 1.1 billion by 2024, according to the new report by Grand View Research,
Inc. Long term care is required in case of chronic disorders and surgical
treatment. Medical lifting slings are essential elements in long term care and
post operative recovery as they assist in patient transfer and other purposes.
Increasing prevalence of chronic disorders and subsequent surgical
interventions are boosting the usage of these products thus contributing toward
substantial market growth.
Home healthcare has emerged as an
important area where treatment cost is much lower compared to in traditional
healthcare settings. In addition, long term care and post operative recovery
can be efficiently achieved in these settings. Hence, in the developed as well
as developing regions home healthcare services are growing swiftly resulting in
the considerable growth of this vertical.
Browse full research report on Medical
Lifting Slings Market: http://www.grandviewresearch.com/industry-analysis/medical-lifting-sling-market
Further Key Findings From the
Study Suggest:
- Nylon-based
medical lifting slings segment held a commanding share in 2015 and is
anticipated to grow at a lucrative rate. This can be attributed to their
durability and resistance to the infections.
- Patient
transfer is the primary application of these products, which held a
dominating share in 2015. Universal slings, which have multiple utility,
are also expected to gain a substantial share over the forecast period.
- Reusable
lifting slings were the most used products in 2015. However, with the
rising incidence of infections and hygiene issues, disposable products are
used to a greater extent and are expected to exhibit healthy growth over
the forecast period.
- Hospitals
use these products to a large extent, as they purchase in bulk and they
have a greater patient pool. This makes hospitals the largest end-user of
medical lifting slings.
- On the
other hand, with the growing awareness and streamlined policies for home
healthcare services, the usage of these services is surging. As a result,
the growing home healthcare vertical is anticipated to increase the usage
of medical lifting slings, thus affecting the market positively.
- Europe
dominated the global medical lifting slings vertical in 2015. Larger pool
of geriatric patients, rising research funding in medical devices, and
steadily increasing awareness amongst patients are the key growth
governing factors for this region.
- Asia
Pacific is projected to witness remunerative growth in the coming eight
years. Policy reforms, increasing disposable income, and economic
developments are anticipated to foster the usage of advanced treatment
options, and consequently engender a high demand for medical lifting
slings.
- Some
of the key players in this vertical are Getinge Group (ArjoHuntleigh),
Invacare Corporation, Hill-Rom, Joerns Healthcare LLC, Argo Medical, Inc.,
Prism Medical, DJO Global, V.Guldmann A/S, Spectra Care Group, and Drive
Medical. Strategic initiatives undertaken by these market players include
new product development, distribution enhancement, collaborations,
mergers, and acquisitions.
Browse more reports of this
category by Grand View Research: http://www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented
the medical lifting sling market on the basis of product, application, usage,
end use, and region:
Product Outlook (Revenue, USD
Million, 2013 - 2024)
- Nylon
- Padded
- Mesh
- Canvas
- Others
Application Outlook (Revenue,
USD Million, 2013 - 2024)
- Transfer
- Universal
- Hammock
- Standing
- Seating
- Toilet
- Bariatric
- Others
Usage Outlook (Revenue, USD
Million, 2013 - 2024)
- Reusable
- Disposable
End-use Outlook (Revenue, USD
Million, 2013 - 2024)
- Hospital
- Home
healthcare
- Elderly
Care
- Other
Healthcare Settings
Regional Outlook (Revenue, USD
Million, 2013 - 2024)
- North
America
- U.S.
- Canada
- Europe
- UK
- Germany
- Asia
Pacific
- Japan
- China
- Latin
America
- Brazil
- Mexico
- MEA
- South
Africa
Access press release of this
research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-medical-lifting-sling-market
About Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more information: www.grandviewresearch.com
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