Category : Healthcare and Pharmaceuticals | Published at : April-2019 | Delivery Format : PDF | Status: Published | Pages : 190
According to Acumen Research and Consulting, the global Medical Lifting Slings market is expected to grow at noteworthy CAGR around 9 % throughout the forecast period and reach around US$ 1.2 billion by 2026. The report provides analysis of global Medical Lifting Slings market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.
Introduction
Medical lifting slings are mobility devices that help to lift weak, obese, or disabled patients safely. These are key tools, in particular for nurses suffering strain injuries from patient lifts, which represent an approximate one third of all annual injuries reported as per the data released by the World Health Organization.
Patients are reluctant to use elevators. Due to fear of falling, patients hesitate to use lifting slings. A repetitive sling infection in many hospitals is also worrisome. The user must have proper conscience of elevating slings so that heights can be better understood. This, together with factors like problems with the use of a lifting sled in obese patients and the absence of skilled personnel to treat patients safely, is reducing the growth of the market.
Market Dynamics
The worldwide medical lifting slings market is expected to boost the forecasting period with increasing geriatric population, increased population in the disabled, adoption and awareness of advanced medical lifting products, improving infrastructure for healthcare and favorable reimbursement policies. The global market for medical lifting slings should increase during the forecasted period when advanced medical lifting slings are developed for various functions, like standing, seating, bathing, sanitation, and certain specialized medical lifting slings for amputees or pediatrics. Developing the ProMove portable medical lifting slings and slopes' available to the global medical lifting market in different sizes and other variants. However, the market for lifts is expected to be impeded by the lack of technical expertise and training in emerging markets. It's equally important to protect the patient from falls, injuries and accidents while ensuring the safe handling of the patient, which leads the need for medical lifts. As part of strategic planning, many hospitals take measures to implement patient safety. Hospitals also face significant challenges due to injuries to the personnel involved in treating patients.
Product Outlook
The global market for medical lifts is divided into products, usage, form and users. As far as the product is concerned, the world market has been categorized as baryric slings, slings, stand-up slings, universal slings, hammock slings, transfers, slings, and more. As they feather specialized and long-lasting seat slings, the seat lifting slings dominated the global market for lifting. This helps patients with mobility problems, for example while making beds or bathing, who need slings for a longer period. Due to the increase in obesity worldwide, the Bariatrique segment is expected to expand in a remarkable CAGR.
Usage Stance
Based on its use, a reusable and disposable global medical elevator market can be divided. A major share in the reusable segment of the slings market has been provided by a range of reusable medical lifters and provides more health care solutions or options for health care facilities and patients The global market for the medical lift slings is divided into U-shaped and full-body slings based on slings. Due to the convenience they offer for lifting patients, U shape slings are preferred. In addition, they provide patients with greater support during the transportation and various mundane activities like bathing and toilet visits.
End Use Outlook
As far as end-users are concerned, the global market was divided into hospitals, home care, nursing homes, support centers and others. In 2018, the hospitals sector played a major role in the market, following the use of medical care facilities and the easy availability of medical lifting baggers in hospitals, followed by nursing homes and other segments. The demand for medically sound lifting slings has great difficulty in moving or doing mundane tasks for patients suffering from geriatric conditions, such as spine damage, disabilities and those retrieving from surgeries. Slings contribute to the improvement of the patient's quality of life. The home medicine sector is expected to expand during the predicted period at a notable CAGR as different slings are required to function effectively and efficiently in the patient's home. In addition, a number of patients struggle to cope better with life-long illness, infections and other disabilities at home. In developing countries, government funding for medical care is not entirely provided; therefore, several foundations and charities provide access to medical elevators.
Regional Stance
As regards the region, North America, Europe, Asia Pacific and Latin America and the Middle East & Africa have been segmented on the global medical lifts slings market. Europe dominates the global market for medical lift slings thanks to the favorable reimbursement of medical elevator slings, technological progress, awareness about different healthcare slings and their benefits in order to use them domestically to lower patient retrieval costs, increase geriatric population, increase patient population with disabilities and the presence of people with disabilities. North America, due to the advanced infrastructure, the increase in geriatric population, awareness on elevation slings, and the trained expert in medical lifting slings, is followed by Europe on the share of the world medical lifting slings market. A rise in the aging population of baby boomers has led the United States to dominate the North American medical lifting slings market. The estimates by the USA show that The census office, by 2030, is expected to include all baby boomers over 65 years of age. The region is expected to be driven by increased disabilities and various neurological and long-term diseases. Due to improving healthcare infrastructure, rising acceptance of advanced medical lift shoes, increasing disposable income, awareness of the new variants for medical lifts, and companies investing for the development of mobility aids, the Asia Pacific market is projected to expand significantly over the predictive period at a highly-equivalent level. In addition, an increase of geriatric population and awareness of the region is expected to boost Asia Pacific's market in the near future. In addition, government initiatives aimed at raising awareness of and providing assistance to disabled people are planned to boost the region's market during the forecast period.
Market Segmentation
Global Medical Lifting Slings Market, by Product
- Bariatric Slings
- Stand up Slings
- Universal Slings
- Seating Slings
- Hammock Slings Transfer Slings
- Toileting Slings
Global Medical Lifting Slings Market, by Usage
- Reusable
- Full Body Slings
- Disposable
- Shape - U Shape Slings
Global Medical Lifting Slings Market, by End Use
- Hospitals
- Nursing Homes
- Home Healthcare
- Assisted Living Facility
Global Medical Lifting Slings Market, by Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- Rest of Asia-Pacific
- Latin America
- Brazil
- Chile
- Rest of Latin America
- Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
- Rest of MEA
The market research study on “Medical Lifting Slings Market - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026” offers detailed insights on global Medical Lifting Slings market segments with market dynamics and their impact. The report also covers basic technology development policies.
Together with health organizations, the government is working to reduce healthcare costs. Domestic health services grow quickly because these services provide efficient, cost-effective long-term patient care. In these settings it is encouraged to use all patient-management devices including patient lifting slings. The development of home healthcare thus has a considerable impact on the dynamics of the market.
Key Players & Strategies
Invacare Corporation, Medline Industries, Inc., Medical Depot, Inc. dba DeVilbiss Healthcare, Bestcare, LLC, DJO Global, Arjo, Prism Medical, NAUSICAA MEDICAL, Handicare, Osprey Sling Company, Vancare, and HoverTech International are among the major players operating on the global medical lifting market. Key players focuss on procurement and collaborations in the global medical lifting slings market to improve their footprint. Companies aim to expand their footprints through the introduction of innovative patient solutions.
