Tag Archives: Medical Lifting Slings Market

Medical Lifting Slings Market is expected to reach US$910.6 mn by the end of 2024

Given their applications in health care, the demand for medical lifting slings corresponds directly to the increasing geriatric population worldwide, since a large share of this demographic suffers from mobility-related disorders. The usability of medical lifting slings is therefore poised to surge in the health care industry. This, combined with the latest advancements introduced to improve designs of medical lifting slings, will boost their sales at a CAGR of 9.2%.

Prospects in Europe for Medical Lifting Slings Market to be Most Lucrative

Regionally, Europe accounted for the dominant share of 33.09% in the market in 2015. North America emerged as the second-largest regional market for medical lifting slings holding 28.90% of the global market in 2015. In Europe, the market for medical lifting slings is expected to gain considerably from favorable government policies.

This 130 page report gives readers a comprehensive overview of the medical lifting slings market. Browse through 23 data tables and 25 figures to unlock the hidden opportunities in this market: http://www.transparencymarketresearch.com/medical-lifting-slings-market.html

However during the forecast period, prospects exhibited for the market in Asia Pacific is expected to be the most lucrative. As per TMR, the Asia Pacific market for medical lifting slings is expected to surge at a CAGR of 9.7% between 2016 and 2024.

Hospitals to Report Highest Demand for Medical Lifting Slings

Hospitals majorly exhibit bulk purchase of medical lifting slings due to their limited product life. In Asia Pacific, the demand for cost-effective medical lifting slings is expected to rise in particular. However, the high cost of advanced medical lifting slings may hamper their sales in the hospital segment of developing economies. As per TMR, the hospitals segment is expected to report a CAGR of 8.9% between 2016 and 2024. In 2015, the segment was valued at US$186.3 mn.

Besides this, home health care is also fast emerging as a lucrative segment for sale or rent of medical lifting slings.

Favorable Policies by Governments to Ensure Highest Standards of Patient Care to Boost Market

Based on in-depth research, Transparency Market Research (TMR) projects the valuation of the global medical lifting slings market to reach US$910.6 mn by 2024 from US$391.8 mn in 2015. By sling shape, the demand for u-shape slings is likely to be the highest during the forecast period. Regionally, Europe will emerge as the most lucrative market for medical lifting slings globally. Among other factors, the rising willingness among consumers for spending on advanced healthcare has been crucial in bolstering the sales of medical lifting slings.

Ensuring the highest standard of healthcare facilities is a priority for governments across developed as well as developing nations. Encouraged by favorable policies, leading manufacturers are keen on investing on better designs of medical lifting slings. The emerging rental provisions have been aiding the medical lifting slings market as well. This new trend facilitates patients who require slings for shorter duration.

Request a sample of this report to know what opportunities will emerge in the rapidly evolving medical lifting slings market during 2016 – 2024: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=6559

Lack of Technical Expertise Emerges as Major Challenge for Companies

Despite opportunities in the market being high across the globe, the lack of technical expertise and inadequate training provisions are having an adverse impact on the market. For instance, lifts can prove dangerous if correct lifting slings are not selected. In order to avoid such incidents, TMR recommends hospitals and health care centers to focus on providing adequate training to care providers. Understanding the principles behind potential risks of various types of hoisting will help them in delivering improved patient care.

Based on end users, hospitals hold the largest share in the market. TMR estimates the market share held by this segment to be around 47.54% in 2015. The segment is considerably gaining from the increase in obese population in developed nations such as the U.S. The increasing incidence of lifestyle impairments also has positively influenced the demand from this segment.

Some of the leading vendors operating in the global medical lifting slings market include Hill-Rom Holding, Inc., Prism Medical Ltd., ArjoHuntleigh, Inc., Invacare Corporation, Barrier Free Lifts, Inc., Joerns Healthcare, LLC, Silvalea, Vancare, Inc., Guldmann, Inc., MedCare, and others.

 

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Medical Lifting Slings Market Dynamics and Opportunities Report by Transparency Market Research

Given their applications in health care, the demand for medical lifting slings corresponds directly to the increasing geriatric population worldwide, since a large share of this demographic suffers from mobility-related disorders. The usability of medical lifting slings is therefore poised to surge in the health care industry. This, combined with the latest advancements introduced to improve designs of medical lifting slings, will boost their sales at a CAGR of 9.2%.

Prospects in Europe for Medical Lifting Slings Market to be Most Lucrative

Regionally, Europe accounted for the dominant share of 33.09% in the market in 2015. North America emerged as the second-largest regional market for medical lifting slings holding 28.90% of the global market in 2015. In Europe, the market for medical lifting slings is expected to gain considerably from favorable government policies.

Obtain Report Details: http://www.transparencymarketresearch.com/medical-lifting-slings-market.html

However during the forecast period, prospects exhibited for the market in Asia Pacific is expected to be the most lucrative. As per TMR, the Asia Pacific market for medical lifting slings is expected to surge at a CAGR of 9.7% between 2016 and 2024.

Hospitals to Report Highest Demand for Medical Lifting Slings

Hospitals majorly exhibit bulk purchase of medical lifting slings due to their limited product life. In Asia Pacific, the demand for cost-effective medical lifting slings is expected to rise in particular. However, the high cost of advanced medical lifting slings may hamper their sales in the hospital segment of developing economies. As per TMR, the hospitals segment is expected to report a CAGR of 8.9% between 2016 and 2024. In 2015, the segment was valued at US$186.3 mn.

Besides this, home health care is also fast emerging as a lucrative segment for sale or rent of medical lifting slings.

Favorable Policies by Governments to Ensure Highest Standards of Patient Care to Boost Market

Based on in-depth research, Transparency Market Research (TMR) projects the valuation of the global medical lifting slings market to reach US$910.6 mn by 2024 from US$391.8 mn in 2015. By sling shape, the demand for u-shape slings is likely to be the highest during the forecast period. Regionally, Europe will emerge as the most lucrative market for medical lifting slings globally. Among other factors, the rising willingness among consumers for spending on advanced healthcare has been crucial in bolstering the sales of medical lifting slings.

Ensuring the highest standard of healthcare facilities is a priority for governments across developed as well as developing nations. Encouraged by favorable policies, leading manufacturers are keen on investing on better designs of medical lifting slings. The emerging rental provisions have been aiding the medical lifting slings market as well. This new trend facilitates patients who require slings for shorter duration.

Fill the form for an exclusive sample of this report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=6559

Lack of Technical Expertise Emerges as Major Challenge for Companies

Despite opportunities in the market being high across the globe, the lack of technical expertise and inadequate training provisions are having an adverse impact on the market. For instance, lifts can prove dangerous if correct lifting slings are not selected. In order to avoid such incidents, TMR recommends hospitals and health care centers to focus on providing adequate training to care providers. Understanding the principles behind potential risks of various types of hoisting will help them in delivering improved patient care.

Based on end users, hospitals hold the largest share in the market. TMR estimates the market share held by this segment to be around 47.54% in 2015. The segment is considerably gaining from the increase in obese population in developed nations such as the U.S. The increasing incidence of lifestyle impairments also has positively influenced the demand from this segment.

Some of the leading vendors operating in the global medical lifting slings market include Hill-Rom Holding, Inc., Prism Medical Ltd., ArjoHuntleigh, Inc., Invacare Corporation, Barrier Free Lifts, Inc., Joerns Healthcare, LLC, Silvalea, Vancare, Inc., Guldmann, Inc., MedCare, and others.

 

Medical Lifting Slings Market to Gain Upper Hand with Rising Geriatric Population

Although the medical lifting slings market exhibits fragmentation in developing countries, global giants such as Invacare Corporation, Bestcare, LLC, GF Health Products, Inc., Etac AB, DJO Global, ArjoHuntleigh, Joerns Healthcare, LLC, Argo Medical, Inc., Prism Medical, and Drive DeVilbiss Healthcare have cemented significant and consolidated presence in developed markets, says a report by Transparency Market Research (TMR).

According to the report, the global market is anticipated to rise at a CAGR of 9.2% from US$391.8 mn recorded in 2015 to US$910.6 mn by the end of 2024.

Major players in the medical lifting slings market are looking forward to broaden their services base across different geographical regions, especially those incorporating emerging nations. Argo Medical, Inc., for instance, offers a fleet of equipment maintenance and customized healthcare services to attract the attention of customers.

Read Full Report: http://www.transparencymarketresearch.com/medical-lifting-slings-market.html

The augmenting trend of privatization in the healthcare sector and far-reaching awareness about mobility aids are predicted to draw the interest of businesses and investors in the global market. Besides this, inflating number of government and private insurance products will add to the growth of the market.

Asia Pacific to Achieve Speedy Growth throughout the Forecast Period

On the basis of sling point, the international medical lifting slings market is foreseen to be dominated by the 4 point sling segment until 2024 with a whopping percentage share while rising to US$400.6 mn by 2024 from US$168.8 mn in 2015. Other segments discussed on the same parameter are 2 point sling and 6 point sling.

Although Europe is envisaged to take grip of a mammoth share of the global medical lifting slings market for the forecast period at an 8.9% CAGR, Asia Pacific (APAC) will be the leading segment by geography in terms of growth rate. The transfer sling and universal sling product type segments and 4 point sling segment will significantly contribute to the growth of the APAC market.

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New companies will have little hopes to enter the worldwide medical lifting slings market, although the demand for economical, technologically sophisticated, and adaptable products may attract them. Shortened product lifecycle, market consolidation, increasing research and development expenses, and price competition are the constraints of the growth of new entrants.

The bargaining power of suppliers is expected to be low with the rising risk of forward integration and demand for mobility merchandise. Moreover, the number of raw material and equipment suppliers prevailing in the market is enormous with a broad scope of slings and related accessories available for purchase.

Increasing Geriatric Population to Push Global Market

The provision of offering medical lifting slings on rental basis in home care settings has inclined the global market towards growth. Government and private organizations in emerging regions have targeted low income group patients by providing them rental care services. Furthermore, there are multiple number of programs initiated to help the poverty-stricken patients bear the expense of the purchase and maintenance of slings.

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Favorable initiatives by government organizations such as the Occupational Safety and Health Administration (OSHA) are promoting the usage of slings to avoid injuries and musculoskeletal disorders (MSDs).

With almost 50% of the global geriatric population accounted by APAC to expand strikingly by 2020 according to the United Nations (UN), the international medical lifting slings market is expected to see a rise. Global population aged 65 years and above is envisioned to reach 2.0 bn by 2050, as per the statistics of the World Health Organization (WHO).

Lack of Technical Knowledge and Training Could Influence Growth

Lack of proper training and amateur technical know-how on the part of end-users, such as hospital staffs, could hamper the advancement of the medical lifting slings market, especially in the emerging economies. However, most end-users are now focusing on delivering apposite information and sufficient training related to patient handling and moving. This is expected to compensate for the effect of the market constraints.

The information presented in this review is based on a Transparency Market Research report titled “Medical Lifting Slings Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016–2024.”

Medical Lifting Slings Market to Surpass US$910 mn by 2024, Universal Slings Witness High Demand

According to a new market research report published by Transparency Market Research “Medical Lifting Slings Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024”, the global medical lifting slings market was valued at US$391.8 mn in 2015 and is estimated to reach US$910.6 mn in 2024, expanding at a CAGR of 9.2% from 2016 to 2024.

Medical lifting slings are devices used in hospitals and nursing homes to transfer patients who have restricted mobility. The medical lifting slings market is driven by factors such as rising geriatric population, favorable government initiatives, and increasing incidence of lifestyle diseases. Moreover, increasing number of accidents and partial immobility incidences have fueled demand and growth of the market in the last decade. However, lack of technical expertise and proper training to handle patients with medical lifting slings in emerging economies coupled with difficulties in handling obese patients with lifting slings hampers market growth. The global medical lifting slings market was valued at US$391.8 mn in 2015 and is projected to reach US$910.6 mn by 2024, expanding at a CAGR of 9.2% from 2016 to 2024.

Read Full Report: http://www.transparencymarketresearch.com/medical-lifting-slings-market.html

The universal sling segment dominated the medical lifting slings market in 2015. The dominance of this segment was majorly due to rising demand for universal lifting slings globally and comfortable and secure seating structure. The bariatric sling segment held the smallest share of the market in 2015 due to low average cost compared to other medical lifting sling products.

The universal sling segment is expected to gain market share in 2024 due to comfortable and secure seating structure. The transfer and toileting sling segment is likely to expand at a high CAGR during the forecast period. High growth rate of this segment is attributed to introduction of new supporting applications to provide better quality of life for patients and higher penetration in developing regions.

In terms of sling point, the 4 point sling segment held the largest share of the medical lifting slings market in 2015. The segment is expected to gain market share in 2024, as most products, such as bathing, spa, and hammock slings, fall under this segment. The u-shape sling segment is also estimated to witness strong growth during the forecast period as shorter lifespan results in purchase in large quantity by dealers.

The hospitals end-user segment accounted for the largest share of the market in 2015. The segment is expected to dominate the market during the forecast period. The dominance of the segment is primarily due to high adoption rate and government initiatives to train hospital nurses. Assisted living facilities and home health care have witnessed significant acceptance. Hence, the segment is likely to expand at the highest growth rate in the next few years

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The global medical lifting slings market is fragmented, with the presence of many players in the market. Major players operating in the global medical lifting slings market are ArjoHuntleigh, Argo Medical, Inc., Bestcare, LLC, Drive DeVilbiss Healthcare, Etac AB, DJO Global, GF Health Products, Inc., Joerns Healthcare, LLC, Invacare Corporation, and Prism Medical, among others.

 

Medical Lifting Slings Market – Industry Overview and Key Factors

According to a new market research report published by Transparency Market Research “Medical Lifting Slings Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024”, the global medical lifting slings market was valued at US$391.8 mn in 2015 and is estimated to reach US$910.6 mn in 2024, expanding at a CAGR of 9.2% from 2016 to 2024.

Medical lifting slings are devices used in hospitals and nursing homes to transfer patients who have restricted mobility. The medical lifting slings market is driven by factors such as rising geriatric population, favorable government initiatives, and increasing incidence of lifestyle diseases. Moreover, increasing number of accidents and partial immobility incidences have fueled demand and growth of the market in the last decade. However, lack of technical expertise and proper training to handle patients with medical lifting slings in emerging economies coupled with difficulties in handling obese patients with lifting slings hampers market growth. The global medical lifting slings market was valued at US$391.8 mn in 2015 and is projected to reach US$910.6 mn by 2024, expanding at a CAGR of 9.2% from 2016 to 2024.

The universal sling segment dominated the medical lifting slings market in 2015. The dominance of this segment was majorly due to rising demand for universal lifting slings globally and comfortable and secure seating structure. The bariatric sling segment held the smallest share of the market in 2015 due to low average cost compared to other medical lifting sling products.

Download Brochure for this Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=6559

The universal sling segment is expected to gain market share in 2024 due to comfortable and secure seating structure. The transfer and toileting sling segment is likely to expand at a high CAGR during the forecast period. High growth rate of this segment is attributed to introduction of new supporting applications to provide better quality of life for patients and higher penetration in developing regions.

In terms of sling point, the 4 point sling segment held the largest share of the medical lifting slings market in 2015. The segment is expected to gain market share in 2024, as most products, such as bathing, spa, and hammock slings, fall under this segment. The u-shape sling segment is also estimated to witness strong growth during the forecast period as shorter lifespan results in purchase in large quantity by dealers.

The hospitals end-user segment accounted for the largest share of the market in 2015. The segment is expected to dominate the market during the forecast period. The dominance of the segment is primarily due to high adoption rate and government initiatives to train hospital nurses. Assisted living facilities and home health care have witnessed significant acceptance. Hence, the segment is likely to expand at the highest growth rate in the next few years

The global medical lifting slings market is fragmented, with the presence of many players in the market. Major players operating in the global medical lifting slings market are ArjoHuntleigh, Argo Medical, Inc., Bestcare, LLC, Drive DeVilbiss Healthcare, Etac AB, DJO Global, GF Health Products, Inc., Joerns Healthcare, LLC, Invacare Corporation, and Prism Medical, among others.