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.

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.

Medical Lifting Slings Market - Worldwide Market Shares, Strategies, and Forecasts 2016 to 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.

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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 - An Emerging Worldwide Industry

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 Dynamics and Opportunities Report by Transparency Market Research

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.

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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.

Emerging Trends in Medical Lifting Slings Market

Transparency Market Research has published a new market report titled, “Medical Lifting Slings Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2023.” According to the report, the global medical lifting slings market was valued at US$312.0 mn in 2014 and is projected to expand at a CAGR of 7.8% from 2015 to 2023 to reach US$632.8 mn in 2023.

Browse the full Medical Lifting Slings Market (Product (Bariatric Sling, Seating Sling, Stander Sling, Universal Sling, Hammock Sling, Transfer Sling, Toileting Sling and Others); Sling Point (2-Point Sling, 4-point sling, and 6-point sling); Sling Shape (U-shaped Sling and Full body Sling); End Users (Hospitals, Home Health Care, Nursing Homes, Assisted Living Facilities, and Others); and Geography (North America; Europe; Asia Pacific and Rest of the World))- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2023 report at http://www.transparencymarketresearch.com/medical-lifting-slings-market.html

Slings are used in conjunction with hoists to support a person while they are being lifted and transferred. Patient care often necessitates lifting or providing body movements to perform day to day activities such as walking, toileting, and bathing. Such tasks involve handling of sick or fragile human beings. Hence, these are more complicated and risky than handling materials in industrial settings. Additionally, in some instances, patients and residents may have medical, psychological, or other conditions that can complicate manual lifting and movement activities. Excessive body weight and manual handling can cause musculoskeletal injuries to both care providers as well as patients.

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The products considered under the scope of the study encompasses bariatric sling, seating sling, stander sling, universal sling, hammock sling, transfer sling, toileting sling, and others. The others segment primarily includes and provides a cumulative market estimation for bathing sling, pool and spa lifting sling, tri-turner sling, and pediatric sling. Market for universal sling in 2014 has been reported to be the most widely employed and salable product in the past few years. This market is driven by attributes such as comfort, ability to provide neck and back support, broad application areas such as transferring patient from a bed to a chair, wheelchair, or toilet, chair to chair, or from the floor to a bed or chair. Bariatric slings are specifically designed to handle obese patients. Incidence of obesity has increased significantly in the past few years, especially among the aged groups, which augments the difficulty of handling and moving obese patients, expected to act as a prominent driver for bariatric slings segment in forthcoming years. Additionally, in case of caregivers working into their old age, their exposure rate to occupational injuries while handling bulky and heavy weight patients has been a major concern among provider groups, especially in the emerging markets.

Transfer sling is considered to be one of the fastest growing product segment which is used for positioning and repositioning a patient resting in horizontal position. The positioning sling/transfer sling is intended to be permanently in place as part of the patient's bedding. The unique characteristic which differentiate it from other segments include the ability to render lateral transfer of patient between horizontal surfaces such as from bed to stretcher or between two beds. Moreover, hammock sling has been acknowledged by professionals as one of the most comfortable and supportive slings for both home and institutional use. Additionally, hammock slings base on case to case basis can be used by amputees or to provide individual leg support for patients who are particularly sensitive to pressure.

Seating, standing and toileting slings are among the most frequently used sling in both large as well as medium sized hospitals across the globe. The emerging market is found to be the most contributing and fastest growing region for the aforementioned three product segments. Seated sling are primarily used to transfer a patient from one room to other due to its specific characteristics such as excellent back and leg support and quick and easy to fit properties. Similar to hammock slings, there are long seated slings available in the market for amputees who require sling for an extended period such as during bed making or bathing. Whereas, stander sling are designed to lift the patient comfortably from a seated position to a relaxed upright position. Stander slings are majorly used while sitting to and from bed, wheelchair, and bathing and shower chair. Toileting sling, alternatively coined as hygiene sling, are uniquely designed to sit higher above the coccyx than other slings, allowing increased access for removal of clothing for toileting. The sling may not provide support for the shoulder, neck, and head of the use.

Some of the prominent companies profiled in this report includes 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.

The global medical lifting slings market has been segmented as follows:

Global Medical Lifting Slings Market, by Product

• Bariatric Sling
• Seating Sling
• Stander Sling
• Universal Sling
• Hammock Sling
• Transfer Sling
• Toileting Sling
• Others (Bath, Pool and Spa Lifting Sling, Tri-turner sling, Pediatric Sling)

Global Medical Lifting Slings Market, by Sling Point

• 2 Point Sling
• 4 Point Sling
• 6 Point Sling

Global Medical Lifting Slings Market, by Sling Shape

• U-shape Sling
• Full Body Sling

Global Medical Lifting Slings Market, by End Users

• Hospitals
• Home Health Care
• Nursing Homes
• Assisted Living Facility
• Others (Trauma Centers and Paramedical Services)

Global Medical Lifting Slings Market, by Geography

• North America
  • United States
  • Canada
• Europe
  • France
  • United Kingdom
  • Germany
  • Rest of the Europe
• Asia Pacific
  • Japan
  • China
  • South Korea
  • Rest of Asia Pacific
• Rest of the World
  • Latin America
  • Middle East and Africa

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