Medical Lifting Slings Market Size, Share, Competitive Landscape and Trend Analysis Report, by Product, Usage Type and End User : Global Opportunity Analysis and Industry Forecast, 2021-2030

Medical Lifting Slings Market Overview:

The global medical lifting sling market size was valued at $560.2 million in 2020, and is estimated to reach $1,412.4 million by 2030, growing a CAGR of 9.6% from 2021 to 2030. The medical lifting slings are patient lifting medical devices that ensure safe lifting of patients who are obese, disabled, or weak. There are various types of patient slings available for easy, safe, and comfortable transfer of patients. Bariatric patients are lifted and transferred from beds to wheelchairs or vice versa through bariatric slings, which decrease stress on caregivers and reduce number of nursing staff required to move a patient.

Growth of the global medical lifting slings market is majorly driven by increase in prevalence of neuromuscular disorder diseases such as Parkinson’s disease and spinal muscular atrophy; increase in incidences of muscular disorder; rise in demand for universal slings; increase in funding from private & government organizations for development of various healthcare sectors; and advancements in technologies in the field of medical lifting slings. According to the National Organization for rare disorder, it was observed that approximately 1 in 3500 male are diagnosed with duchenne muscular dystrophy. The duchenne muscular dystrophy is characterized by wasting of muscles of pelvic area followed by shoulder muscle. 

Furthermore, surge in adoption of various medical lifting slings by geriatric and bariatric population is anticipated to fuel growth of the infection disease diagnostic market. According to the United Nation, it was reported that number of geriatric populations are projected to get double to 1.5 billion in 2050. Thus, rise in geriatric population fuels the market growth, owing to the fact that aged individuals are more susceptible to muscular disabilities. The geriatric population needs more patient-centric healthcare facilities, which further propels demand for home care service and boosts growth of the market. According to the International Osteoporosis Foundation, in 2020, it was reported that around 1 in 5 men and 1 in 3 women above the age of 50 years experience osteoporotic fractures in their lifetime. Likewise, according to the World Health Organization (WHO), in 2021, it was reported that approximately 2.8 million population are dying every year due to overweight.

In addition, increase in number of advanced home care facilities and surge in demand for patient lifting propel growth of the market. For instance, in June 2020, the Mayo Clinic, a non-profit American academic medical center, announced the launch of advanced care at home, which aims to provide comprehensive, innovative, and complex care to patients. Moreover, in November 2020, the Centers for Medicare & Medicaid services (CMC) announced comprehensive strategy to increase capacity of America healthcare system and provide care to patient outside a traditional hospital. 

Technological advancements in manufacturing of medical slings and rise in healthcare spending propel growth of the market. For instance, Guldmann, announced launch of new sling strap having smart loop technology. The slings are designed to enhance comfort and reduce shearing forces. Caregivers apply less efforts while removing sling straps from patients. However, lack of skilled technicians is expected to restrict the market growth during the forecast period.

Medical Lifting Slingsmarket Segmentation

The global medical lifting slings market is segmented into product, usage type, end user, and region. By product, the market is categorized into universal slings, transfer slings, hammock slings, standing slings, seating slings, toilet slings, bariatric slings, and others. On the basis of usage type, it is divided into reusable slings and disposable slings.

By end user, it is fragmented into home care facilities, hospitals, elderly care facilities, and others.

Region-wise, the medical lifting slings market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, and rest of LAMEA).

Segment Review

Depending on product, the universal sling segment dominated the market in 2020, and this trend is expected to continue during the forecast period, owing to increase in prevalence of neuromuscular disease and increase in number of key players for manufacturing universal sling. However, the transfer sling segment is expected to witness considerable growth during the forecast period, owing to increase in mobility disorder, advancements in technology for development of advanced transfer slings, and rise in geriatric population.

On the basis of usage type, the reusable sling segment dominated the market in 2020, and this trend is expected to continue during the forecast period, owing to increase in prevalence of  geriatric population, increase in number of hospitals, and healthcare facilities, and rise in demand for reusable slings. However, the disposable slings segment is expected to witness considerable growth during the forecast period, owing to rise in disposable income and increase in health care spending. 

By end user, the hospital segment was the major contributor in 2020, and is expected to maintain its lead during the forecast period, owing to increase in number of hospitals and rise in prevalence of neuromuscular disorders that need medical lifting slings for proper movement. However, the elderly care facilities segment is expected to witness considerable growth during the forecast period, owing to rise in prevalence of geriatric population, advancements in technology in the healthcare sector, and rise in demand for remote monitoring services.

North America garnered the major share in the medical lifting slings market in 2020, and is expected to continue to dominate during the forecast period, owing to rise in prevalence of obese population, presence of key players, and technological advancements in development of advanced medical lifting slings in the region. However, Asia-Pacific is expected to register the highest CAGR of 10.5% from 2021 to 2030, owing to increase in prevalence of geriatric population, rise in demand for home health care, rise in incidences of neuromuscular disorder, improvement in healthcare infrastructure, and rise in number of accident.

The key players operating in the global medical lifting slings market include ETAC AB, Getinge Group (Arjohuntleigh), Guldmann Inc., Handicare, Hill-Rom Holdings, Inc., Invacare Corporation, Joerns Healthcare, LLC, Prism Medical Ltd., Silvalea Ltd., and Stryker Corporation.

Key Benefits For Stakeholders

• The study provides an in-depth analysis of the medical lifting slings market, and the current trends & future estimations to elucidate imminent investment pockets.
• It presents a quantitative analysis of the medical lifting slings market from 2021 to 2030 to enable stakeholders to capitalize on the prevailing market opportunities.
• Extensive analysis of the market based on procedures and services assists to understand the trends in the industry.
• Key players and their strategies are thoroughly analyzed to understand the competitive outlook of the medical lifting slings market.

  Medical Lifting Slings Market Report Highlights

Aspects	Details
By Product	Universal Slings Transfer Slings Hammock Slings Standing Slings Seating Slings Toilet Slings Bariatric Slings Others
By Usage Type	Reusable Slings Disposable Slings
By DISTRIBUTION CHANNEL	Home Care Facilities Hospitals Elderly Care Facilities Others end user
By Region	North America  (U.S., Canada, Mexico) Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe) Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific) LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
Key Market Players	Handicare, Etac AB, STRYKER CORPORATION, Getinge Group (Arjohuntleigh), .Guldmann, Inc., Silvalea Ltd., Hill-Rom Holdings, Inc, Prism Medical Ltd., Invacare Corporation, Joerns Healthcare, LLC

Analyst Review

Growth of the medical lifting slings market is attributed to factors such as technological advancements in the healthcare sector; rise in prevalence of mobility diseases such as ataxia and osteoporosis; increase in funds from private and government organizations for development of various home care services; and rise in number of key manufacturers of medical lifting slings. The medical lifting slings market gains interest of manufacturing companies, owing to surge in demand for home care services and universal slings. This leads to increase in adoption of various medical lifting slings for lifting and transfer of patients from one place to another. Moreover, presence of advanced and developed medical lifting slings have gained high traction in the market in recent years as medical lifting sling tools are used by geriatric and bariatric population.

North America is expected to witness the highest growth, in terms of revenue, owing to rise in prevalence of obese population, presence of key players, and technological advancements in development of advanced medical lifting slings in the region.

Asia-Pacific was the second largest contributor to the market in 2020, and is expected to register the fastest CAGR during the forecast period, owing to increase in prevalence of geriatric population, rise in demand for home health care, rise in incidences of neuromuscular disorder, improvement in healthcare infrastructure, and rise in number of accidents.

However, lack of skilled technicians is anticipated to restrain the market growth during the forecast period.

Author Name(s) : Linu Dash | Roshan Deshmukh

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