The medical lifting slings market may show rapid growth due to the growth in the geriatric population, increasing lifestyle diseases, increasing the number of people suffering from neuromuscular disorders, and the measures taken to prevent overexertion in personnel handling the patients.
The global population has been aging rapidly, owing to reducing birth rates and increasing life expectancy. The number of older people is estimated to increase by nearly 60% in the next 15 years. By 2030, the total number of people above the age of 65 is expected to be more than a billion, i.e., the geriatric population may represent 12% of the global population. By 2050, this number is likely to cross 1.6 billion or 16.7% of the total population.
Therefore, the demographic trend toward an aging population and the rising incidences of chronic diseases have further lead to a longer stay in hospitals, which may increase the demand for medical lifting slings, over the forecast period.
Furthermore, there is a high risk of cross-infection in reusable slings, which has been further impeding the growth of the market studied over the forecast period.
Key Market Trends
Hospitals Segment is Expected to be the Largest Growing Segment in the Medical Lifting Sling Market
The hospital segment accounts for the largest share in the global medical lifting slings market, and it is expected to grow steadily during the forecast period. The people suffering from neuromuscular diseases generally have limited movement capacity and need continuous support for any kind of movement. They are the primary consumers of lifting slings in homes and hospitals. Therefore, the increase in the number of neuromuscular patients, who may need lifting slings for proper movement, is expected to boost the market studied.
Europe holds the Largest Share in the Medical Lifting Sling Market
The major factors that have been driving the growth of the European medical lifting slings market are the rise in obesity prevalence, increasing aging population, and the rising incidence of accidents and injuries. Also, the country has a well-established healthcare system, therefore, the market studied has been experiencing rapid growth.
The United Kingdom has the highest number of reported obese cases in Western Europe, according to the Organization for Economic Co-operation and Development.The Health Survey for England, 2017, had estimated that around 28.7% of adults in England were found to be obese and a further 35.6% are overweight but not obese. People aged 65-74 are most likely to be overweight or obese.
According to the German Federal Statistics Office (Destatis), 3,214 people were killed in car accidents in 2016. While 2.6 million incidents were recorded in Germany and around 308,200 of those accidents resulted in deaths or injuries, while the overall number of traffic injuries in 2016 jumped by 0.8% to 396,700, which is expected to be a vital factor in the growth of the market studied.
There has been a presence of a considerable number of companies, and the key players have been focusing on acquisitions and collaborations to enhance their footprint in the global medical lifting slings market. The companies have been focusing on expanding their footprints by launching innovative solutions for patients.
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growth In Geriatric Population and Increasing Lifestyle Diseases
4.2.2 Increasing Number of People Suffering from Neuromuscular Disorders
4.2.3 Convenience for the Patients/People with Lift Slings
4.3 Market Restraints
4.3.1 Disadvantages of Patient Lifting Slings and Usage of Alternative Devices for Slings
4.3.2 Reluctance of Patients in Using Lifting Slings
4.4 Porter s Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Product
5.1.1 Standing Slings
5.1.2 Seating Slings
5.1.3 Universal Slings
5.1.4 Bariatric Slings
5.1.5 Transfer Sheets
5.1.6 Other Products
5.2 By Material
5.2.1 Nylon Slings
5.2.2 Padded Slings
5.2.3 Canvas Slings
5.2.4 Mesh Slings
5.2.5 Other Materials
5.3 By Usage Type
5.3.1 Disposable Slings
5.3.2 Reusable Slings
5.4 By End User
5.4.1 Home Care Facilities
5.4.3 Other End Users
5.5.1 North America
22.214.171.124 United States
126.96.36.199 United Kingdom
188.8.131.52 Rest of Europe
184.108.40.206 South Korea
220.127.116.11 Rest of Asia-Pacific
5.5.4 Middle East & Africa
18.104.22.168 South Africa
22.214.171.124 Rest of Middle East & Africa
5.5.5 South America
126.96.36.199 Rest of South America
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.2 Bestcare LLC
6.1.3 Drive DeVilbiss Healthcare (Medical Depot Inc.)
6.1.4 GF health products Inc.
6.1.5 Guldmann Inc.
6.1.6 Hillrom Services Inc. (Hill-Rom Holdings Inc.)
6.1.7 Invacare Corporation
6.1.8 Medline Industries Inc.
6.1.9 Prism Medical Ltd
6.1.10 Sunrise Medical Inc.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS