Medical Lifting Sling Market Share, Size, Trends, Industry Analysis Report, By Product (Nylon Slings, Padded Slings, Mesh Slings, Canvas Slings, Other Slings); By Usage; By Application; By End-Use; By Region; Segment Forecast, 2024- 2032
- Published Date:Feb-2024
- Pages: 117
- Format: PDF
- Report ID: PM4643
- Base Year: 2023
- Historical Data: 2019-2022
Report Outlook
The medical lifting sling market size was valued at USD 2.09 billion in 2023. The market is anticipated to grow from USD 2.26 billion in 2024 to USD 4.34 billion by 2032, exhibiting a CAGR of 8.5% during the forecast period.
Industry Trends
The medical lifting sling market encompasses specialized slings designed for safely lifting and transferring patients or individuals with limited mobility within healthcare settings like hospitals, nursing homes, and home care. These slings, typically crafted from durable materials such as nylon or polyester, offer various configurations to suit different patient needs, including full-body slings, toileting slings, and hammock slings.
The significant driver behind the growth of the medical lifting sling market is the increasing adoption of government policies promoting their employment. Additionally, factors such as the rising prevalence of lifestyle diseases, higher rates of injury recovery, increasing occurrences of lifestyle-related ailments, and the rapid growth in the aging population contribute substantially to market expansion.
The growth of the global medical lifting slings market is primarily fueled by several factors, including the rising prevalence of neuromuscular disorders such as Parkinson’s disease and spinal muscular atrophy, an increase in muscular disorder incidences, growing demand for universal slings, heightened funding from both private and government organizations for various healthcare sectors, and technological advancements in medical lifting sling technologies.
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Moreover, ongoing technological advancements and modernization in healthcare techniques, coupled with increased research and development activities within the healthcare sector, are poised to create new market opportunities for the medical lifting sling market in the forecasted period. However, targeting emerging markets with growing healthcare infrastructure and aging populations presents an opportunity for market expansion and increased adoption of medical lifting slings. Hence, the medical lifting slings market size is expected to increase tremendously in the upcoming years.
- For instance, In May 2023, SSM Health launched the LIFTsmart Program, offering patients access to a range of equipment, including slings, lateral transfer and repositioning devices, lifts, as well as standing and raising aids.
According to the National Organization for Rare Disorders, it has been observed that approximately 1 in 3500 males are diagnosed with Duchenne muscular dystrophy. This condition is marked by muscle wasting in the pelvic site, followed by shoulder muscle involvement. Such statistics highlight the significant impact of muscular disorders on individuals and underscore the importance of medical lifting slings in assisting and supporting patients affected by these conditions.
Key Takeaway
- Asia Pacific accounted for the largest market and contributed to more than 38% of the share in 2023.
- North America is expected to witness the fastest growing CAGR during the forecast period.
- By Product category, the nylon slings segment accounted for the largest market share in 2023.
- By End-use category, the hospital segment is projected to grow at a fastest CAGR during the projected period.
What are the market drivers driving the demand for the Medical Lifting Sling Market?
The increasing incidence of disabilities and chronic conditions
The increasing prevalence of disabilities and chronic conditions is a significant driver behind the rising value of the medical lifting slings market. As the number of individuals with mobility limitations continues to grow globally, there is a heightened demand for solutions that can safely assist in lifting and transferring patients. Medical lifting slings play a crucial role in facilitating the mobility and care of individuals with disabilities or chronic conditions, providing support and assistance to both patients and caregivers. Consequently, as the need for such support increases, the market for medical lifting slings experiences a corresponding rise in value, driven by the growing demand for these essential healthcare aids. Hence, the medical lifting sling market share is expected to grow during the forecast period.
Continued advancements in infection-resistant sling materials present a notable market opportunity within the medical lifting slings sector. In healthcare environments, minimizing the spread of diseases is paramount, and this extends to medical lifting slings, which frequently come into direct contact with patients. Manufacturers are increasingly prioritizing the creation of sling materials that offer durability, comfort, and resistance to microbiological growth, including bacteria and viruses.
Which factor is restraining the demand for Medical Lifting Sling?
Lack of Awareness and Training
Healthcare providers and caregivers may not be fully aware of the benefits and proper use of medical lifting slings. More training on the correct usage and maintenance of these devices can lead to hesitation in their adoption, impacting demand. Further, some healthcare providers or caregivers may prefer using alternative devices or manual lifting methods due to established routines or a need for more confidence in the effectiveness of medical lifting slings. This preference for familiar methods can restrain the demand for new lifting technologies.
Report Segmentation
The market is primarily segmented based on product, usage, application, end-use, and region.
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Category Wise Insights
By Product Insights
Based on a product analysis, the medical lifting sling market is segmented based on nylon slings, padded slings, mesh slings, canvas slings, and other slings. Nylon slings held the largest market share in 2023. The dominance of nylon-based slings in the medical lifting sling market can be attributed to their exceptional durability and resistance to infections. These slings are known for their thin and flexible nature, making them ideal for use with standing-support slings. Remarkably, they can withstand a load of up to 300,000 pounds (136,363 kilograms) and have the versatility to conform to any shape, enhancing their usability and effectiveness.
Moreover, nylon-based slings exhibit resistance to temperature variations, further bolstering their suitability for diverse healthcare settings. Their efficient reusability, availability, and durability in multiple sizes and shapes contribute to their appeal among caregivers and healthcare professionals. As a result, these factors are anticipated to propel the growth of the nylon-based medical lifting sling segment over the forecast period.
By End Use Insights
Based on the end-use analysis, the market has been segmented based on the hospital, homecare, elderly care, and other healthcare settings. The hospital segment is expected to witness the fastest-growing CAGR during the forecast period. Hospitals are primary healthcare facilities where patients with various medical conditions, disabilities, or injuries are admitted for treatment and care. With the growing global population and aging demographics, the number of hospital admissions is expected to rise, due to an increased demand for the medical lifting slings market to assist in patient handling and mobility.
Hospitals are subject to strict regulations and standards aimed at ensuring patient safety and preventing injuries during handling and transfers. As such, there is a heightened emphasis on the adoption of safe patient-handling practices and equipment to mitigate the risk of patient and caregiver injuries. This includes the integration of advanced patient handling equipment, such as motorized lifting systems and specialized lifting slings, to enhance the quality of care and streamline workflow processes.
Regional Insights
Asia Pacific
Asia Pacific accounted for the largest medical lifting sling market share in 2023. Asia Pacific is home to a rapidly aging population, particularly in countries like Japan, China, and South Korea. As the elderly population grows, there is an increased demand for healthcare services, including patient lifting and transfer solutions, driving the adoption of these slings in the region. Asia Pacific is home to a rapidly aging population, particularly in countries like Japan, China, and South Korea. As the elderly population grows, there is an increased demand for healthcare services, including patient lifting and transfer solutions, driving the adoption of these medical lifting slings in the region. Many countries in the Asia Pacific are implementing healthcare reforms and initiatives aimed at improving patient care and safety. Government investments in healthcare infrastructure and policies supporting safe patient handling contribute to the growth of the medical lifting sling market in the region. Asia Pacific is witnessing rapid technological advancements in healthcare, including innovations in medical lifting sling designs and materials.
North America
North America region is expected to witness the fastest CAGR during the forecast period. North America has a significant proportion of elderly individuals, and this demographic is predicted to grow further with the aging baby boomer population. As people age, there is a higher prevalence of mobility issues and chronic conditions that necessitate the use of medical lifting slings, thereby driving market growth. North America has stringent regulations and safety standards in healthcare, including guidelines for patient handling and safety. Compliance with these regulations often requires the use of specialized equipment, such as medical lifting slings, fostering market demand.
Competitive Landscape
The Medical Lifting Sling Market exhibits fragmentation, with competition stemming from the involvement of multiple players. Key product providers continually enhance their technologies to maintain a prioritizing efficiency, competitive edge, safety and integrity. Striving for a notable market share, these participants emphasize strategic partnerships, ongoing product enhancements, and collaborative initiatives to surpass industry counterparts.
Some of the major players operating in the global market include:
- Arjo
- Invacare Corporation.
- Baxter (Hill-Rom)
- Joerns Healthcare
- Prism Healthcare Ltd
- DJO, LLC
- Spectracare
- V. Guldmann A/S
- Silvalea ltd
- Etac AB
Recent Developments
- In May 2022, Invacare Corporation has unveiled the Birdie Evo XPLUS in the United States, presenting an innovative patient lift solution designed for the post-acute care environment. The Birdie Evo XPLUS incorporates cutting-edge technology to enhance comfort and security during patient lifting or transfers to and from a bed, chair, or floor.
Report Coverage
The medical lifting sling market report emphasizes on key regions across the globe to provide a better understanding of the product to the users. Also, the report provides market insights into recent developments, and trends and analyzes the technologies that are gaining traction around the globe. Furthermore, the report covers an in-depth qualitative analysis of various paradigm shifts associated with the transformation of these solutions.
The report provides a detailed analysis of the market while focusing on various key aspects such as competitive analysis, product, usage, application, end-use, and their futuristic growth opportunities.
Medical Lifting Sling Market Report Scope
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Report Attributes |
Details |
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Market size value in 2024 |
USD 2.26 billion |
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Revenue forecast in 2032 |
USD 4.34 billion |
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CAGR |
8.5% from 2024 – 2032 |
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Base year |
2023 |
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Historical data |
2019 – 2022 |
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Forecast period |
2024 – 2032 |
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Quantitative units |
Revenue in USD billion and CAGR from 2024 to 2032 |
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Segments covered |
By Product, By Usage, By Application, By End Use, And By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
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Customization |
Report customization as per your requirements with respect to countries, region and segmentation. |
Uncover the dynamics of the Medical Lifting Sling Market sector in 2024 with detailed statistics on market share, size, and revenue growth rate meticulously curated by Polaris Market Research Industry Reports. This all-encompassing analysis extends to a forward-looking market forecast until 2032, complemented by a perceptive historical overview. Immerse yourself in the profound insights offered by this industry analysis through a complimentary PDF download of the sample report.
FAQ's
The global medical lifting sling market size is expected to reach USD 4.34 billion by 2032
Key players in the market are Arjo, Invacare Corporation, Baxter (Hill-Rom), Joerns Healthcare, Prism Healthcare Ltd
North America contribute notably towards the global Medical Lifting Sling Market
The medical lifting sling market exhibiting a CAGR of 8.5% during the forecast period.
The Medical Lifting Sling Market report covering key segments are product, usage, application, end-use, and region.
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