Medical Lifting Slings Market Is Predicted To Grow Swiftly Due To Increasing Prevalence Of Chronic Disorders Till 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.
Global Medical Lifting Sling Market, 2014 - 2024 (USD Million) |
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: www.grandviewresearch.com/industry-analysis/medical-lifting-sling-market
Further
key findings from the report 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: 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 By Grand View Research: 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.
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