Medical Lifting Slings Market is Anticipated to Rise to US$ 910.6 Million by 2024

With the increasing geriatric population, the demand for medical lifting slings is rising substantially across the world. The global market for medical lifting slings is likely to gain considerably from this factor, with its valuation rising from US$391.8 mn in 2015 to US$910.6 mn by 2024, expanding at a CAGR of 9.20% during the period from 2016 to 2024. However, the lack of medical professionals with adequate expertise, the market may face tough challenge in the near future.

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This report is aimed at providing clear and detailed information about the worldwide market for medical lifting slings to consultants, stakeholders, and other participants of this market to assist them in making well thought of decisions about their businesses.

Currently, the demand for medical lifting slings is significantly high in hospitals. However, the high cost associated with advanced medical lifting slings may limit their demand in the hospital segment, especially in developing economies over the next few years. The home healthcare segment is also expected to report a tremendous rise in the demand for medical lifting slings in the near future. U-shape slings are more in demand than full body slings and are projected to remain reporting high demand over the forthcoming years. The latest trend in this market is to rent medical lifting slings among consumers, which isn’t likely to die out soon.

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In terms of the region, the global market for medical lifting slings is spread across Europe, Asia Pacific, North America, the Middle East and Africa, and Latin America. Among these, Europe, with a share of more than 33%, led the global market in 2015. The increasing implementation of favorable government policies has been supporting this market in Europe since the last few years. Researchers expect the scenario to remain so in the near future, thanks to the rising expenditure of consumers advanced healthcare products.

North America, which stood second among all the regional markets for medical lifting slings in 2015 with a share of nearly 30%, is also expected to retain its position over the next few years. However, Asia Pacific is likely to emerge as the most promising regional market for medical lifting slings across the world in the years to come. Other regional markets, such as the Middle East and Africa and Latin America are also projected to witness considerable growth in their respective markets for medical lifting sling over the forthcoming years.

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The worldwide market for medical lifting slings is highly competitive and fragmented due to the presence of a large pool of participants. The key players are emphasizing more on product innovation and technological advancements to strengthen their position in the global market. Prism Medical, Invacare Corporation, Joerns Healthcare LLC, GF Health Products Inc., DJO Global, Etac AB, Drive DeVilbiss Healthcare, Bestcare, LLC, Agro Medical Inc., and ArjoHuntleigh are some of the leading players operating in the global medical lifting slings market.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

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Medical Lifting Slings Industry Overview And Analysis 2024

With the increasing geriatric population, the demand for medical lifting slings is rising substantially across the world. The global market for medical lifting slings is likely to gain considerably from this factor, with its valuation rising from US$391.8 mn in 2015 to US$910.6 mn by 2024, expanding at a CAGR of 9.20% during the period from 2016 to 2024. However, the lack of medical professionals with adequate expertise, the market may face tough challenge in the near future.

Request for Sample Copy of Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=6559

This report is aimed at providing clear and detailed information about the worldwide market for medical lifting slings to consultants, stakeholders, and other participants of this market to assist them in making well thought of decisions about their businesses.

Currently, the demand for medical lifting slings is significantly high in hospitals. However, the high cost associated with advanced medical lifting slings may limit their demand in the hospital segment, especially in developing economies over the next few years. The home healthcare segment is also expected to report a tremendous rise in the demand for medical lifting slings in the near future. U-shape slings are more in demand than full body slings and are projected to remain reporting high demand over the forthcoming years. The latest trend in this market is to rent medical lifting slings among consumers, which isn’t likely to die out soon.

In terms of the region, the global market for medical lifting slings is spread across Europe, Asia Pacific, North America, the Middle East and Africa, and Latin America. Among these, Europe, with a share of more than 33%, led the global market in 2015. The increasing implementation of favorable government policies has been supporting this market in Europe since the last few years. Researchers expect the scenario to remain so in the near future, thanks to the rising expenditure of consumers advanced healthcare products.

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North America, which stood second among all the regional markets for medical lifting slings in 2015 with a share of nearly 30%, is also expected to retain its position over the next few years. However, Asia Pacific is likely to emerge as the most promising regional market for medical lifting slings across the world in the years to come. Other regional markets, such as the Middle East and Africa and Latin America are also projected to witness considerable growth in their respective markets for medical lifting sling over the forthcoming years.

The worldwide market for medical lifting slings is highly competitive and fragmented due to the presence of a large pool of participants. The key players are emphasizing more on product innovation and technological advancements to strengthen their position in the global market. Prism Medical, Invacare Corporation, Joerns Healthcare LLC, GF Health Products Inc., DJO Global, Etac AB, Drive DeVilbiss Healthcare, Bestcare, LLC, Agro Medical Inc., and ArjoHuntleigh are some of the leading players operating in the global medical lifting slings market.

Report Overview @ https://www.transparencymarketresearch.com/medical-lifting-slings-market.html

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

US Office Contact

90 State Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: https://www.transparencymarketresearch.com

Hospitals Majorly Exhibit Bulk Purchase of Medical Lifting Slings due to Their Limited Product Life

The vendor landscape of the global medical lifting slings market is consolidated in developed countries, which are home to major international players, but remains fragmented in emerging nations, says Transparency Market Research (TMR). The presence of local and small-scale enterprises in large numbers has rendered the competitive landscape of the market in developing countries highly fragmented. There is keen rivalry among top players in the market due to the increasing demand for customization to cater to the specific requirements of users.

Since the market exhibits high demand for cost-effective, adaptive, and technologically advanced devices to address the diverse mobility needs of patients, opportunities for the entry of new players are quite high.

Hill-Rom Holding, Inc., ArjoHuntleigh, Inc., Invacare Corporation, Guldmann, Inc., Barrier Free Lifts, Inc., Silvalea, Vancare, Inc., Joerns Healthcare, LLC, MedCare, have emerged as the leading players in the global medical lifting slings market. TMR new study recommends companies to broaden their product offerings and services to strengthen their position in the market.

Favorable Government Policies Create Lucrative Prospects for Medical Lifting Slings Market

Several governments worldwide have implemented policies favoring growth of the healthcare industry, the benefits of which are extend to the medical lifting slings market as well. Encouraged by these stringent regulations, leading manufacturers have been investing on advanced designed of medical lifting slings, thus positively fuelling their demand globally. The emerging rental provisions have also significantly boosted the sales of medical lifting slings. This new trend is facilitated by the rising demand for home health care and the subsequent requirement of slings for shorter durations.

“Despite exhibiting growth at an impressive rate, the lack of technical expertise and absence of proper training provisions are likely to have an adverse impact on the market’s trajectory,” said a lead TMR analyst. “For instance, if lifts are not attached with proper slings it can prove dangerous for both patients and care providers,” he added. TMR recommends the healthcare industry to focus on training of care givers for them to understand the potential risks of various types hoisting better.

Look through the Advancement in Medical Lifting Slings at: http://bit.ly/2bXrnbw

Hospitals Exhibit High Demand for Medical Lifting Slings

By end users, hospitals emerged as the largest segment in the global medical lifting slings market in 2015, accounting for a share of 47.54%. The rising obese population in developed countries such as the U.S. has been positively influencing demand from this segment. The increasing incidence of lifestyle impairments is also boosting demand for medical lifting slings across hospitals.

The high demand from hospitals is aided by the bulk purchase of medical slings from this segment due to their limited product life. Besides this, the demand for cost-effective medical lifting slings is expected to rise considerably in Asia Pacific. TMR forecasts the hospitals segment to exhibit a CAGR of 8.9% between 2016 and 2024. The hospitals segment stood at US$186.3 mn in 2015. Besides this, the home health care segment is also exhibiting rising demand for cost-effective medical lifting slings.

Europe to Emerge as Largest Regional Market for Medical Lifting Slings

Regionally, Europe emerged as the largest market for medical lifting slings, accounting for a share of 33.09% in 2015. North America, in the same year, emerged as the second-largest market for medical lifting slings with a share of 28.90% in the overall market. The favorable government policies will boost sales of medical lifting slings in Europe.

 Based on in-depth research, TMR forecasts the global medical lifting slings market to rise at a CAGR of 9.2% between 2016 and 2024. The market was valued at US$391.8 mn in 2015 and is expected to reach US$910.6 mn by the end of 2024