Market Size –
The medical lifting sling market size has grown rapidly in recent years. It will grow from $1.41 billion in 2023 to $1.57 billion in 2024 at a compound annual growth rate (CAGR) of 11.7%. The growth in the historic period can be attributed to increase in the elderly population, growing number of people with disabilities, Investments in healthcare infrastructure, increased research and development activities, and increased awareness and training.
The medical lifting sling market size is expected to see rapid growth in the next few years. It will grow to $2.46 billion in 2028 at a compound annual growth rate (CAGR) of 11.9%. The growth in the forecast period can be attributed to expansion of home healthcare services, rise in chronic diseases, increasing adoption of government policies, increasing cases of obesity, and increasing cases of vehicular accidents. Major trends in the forecast period include integration of smart technologies, technological advancements, product innovations, demand for customized and personalized lifting slings, and growing trend towards the use of eco-friendly and sustainable materials.
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Scope Of Medical Lifting Sling Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Medical Lifting Sling Market Overview
Market Drivers –
The medical lifting sling market size has grown rapidly in recent years. It will grow from $1.41 billion in 2023 to $1.57 billion in 2024 at a compound annual growth rate (CAGR) of 11.7%. The growth in the historic period can be attributed to increase in the elderly population, growing number of people with disabilities, Investments in healthcare infrastructure, increased research and development activities, and increased awareness and training.
The medical lifting sling market size is expected to see rapid growth in the next few years. It will grow to $2.46 billion in 2028 at a compound annual growth rate (CAGR) of 11.9%. The growth in the forecast period can be attributed to expansion of home healthcare services, rise in chronic diseases, increasing adoption of government policies, increasing cases of obesity, and increasing cases of vehicular accidents. Major trends in the forecast period include integration of smart technologies, technological advancements, product innovations, demand for customized and personalized lifting slings, and growing trend towards the use of eco-friendly and sustainable materials.
Market Trends –
The medical lifting sling market covered in this report is segmented –
1) By Product: Nylon Slings, Padded Slings, Mesh Slings, Canvas Slings, Other Slings
2) By Application: Baratric Slings, Hammock Slings, Seating Slings, Standing Slings, Tolleting Slings., Transfer Slings, Universal Slings, Other Slings
3) By End Use: Hospital, Homecare, Elderly Care, Other Healthcare Settings
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Regional Insights –
Europe was the largest region in the medical lifting sling market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical lifting sling market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the medical lifting sling market are Medline Industries LP, Stryker Corporation, Hill-Rom Holdings Inc., DJO Global Inc., Arjo AB, Sunrise Medical Inc., Savaria Corporation, Invacare Corporation, Etac Ab, Drive Medical Inc., Joerns Healthcare, Handicare Group AB, FRT Manufacturing & Trading Co. Pte Ltd., Vive Health, Guldmann Inc., Winncare Group, Mangar Health Limited, Prism Healthcare Ltd., Morecare, HME Ltd., HoverTech International, Vitality Medical, Silvalea Ltd., Bestcare LLC, SCALEO Medical, Pelican Manufacturing Pty Ltd.
Table of Contents
1. Executive Summary
2. Medical Lifting Sling Market Characteristics
3. Medical Lifting Sling Market Trends And Strategies
4. Medical Lifting Sling Market – Macro Economic Scenario
5. Global Medical Lifting Sling Market Size and Growth
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31. Medical Lifting Sling Market Other Major And Innovative Companies
32. Global Medical Lifting Sling Market Competitive Benchmarking
33. Global Medical Lifting Sling Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Medical Lifting Sling Market
35. Medical Lifting Sling Market Future Outlook and Potential Analysis
36.Appendix
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