Medical Lifting Slings Market Size to Hit USD 1.34 Bn by 2031 | Exclusive Research by TMR

WILMINGTON, DE / ACCESSWIRE / April 6, 2023 / Transparency Market Research Inc. - The global medical lifting slings market size stood at USD 715.5 Mn in 2021 and is expected to exceed USD 1.34 Bn by 2031. The global industry is likely to expand at a CAGR of 6.7% during the forecast period between 2022 and 2031.

Hoyer lift slings, patient lifting slings, and patient transfer slings are other names for medical lifting slings. The global need for mobility aids, including medical hoist lifts, is anticipated to drive market demand for medical lifting slings.

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Medical Lifting Slings Market Scope:

Patient slings come in a variety of styles, including split-leg slings, full-body, and universal. There are several varieties of Hoyer lift slings. When used appropriately, they offer a number of advantages, including a decreased risk of damage to caregivers and patients. The U.S. Census Bureau projects that by 2030, all baby boomers would be over 65 years of age.

According to market forecast, this generation would outweigh the younger population group and add to geriatric population. Market share of medical lifting slings is therefore anticipated to rise from 2022 to 2031.

Partnerships between firms and introduction of innovative products are two major factors likely to drive the global market. The "Birdie" Evo XPLUS, developed by Invacare, is a new product that offers cutting-edge technology to help transfer or lift patients with the highest amount of comfort and security.Government programs such as laws promoting care provider safety, product portfolio diversification, and safe patient handling and mobility (SPHM) are anticipated to fuel the global medical lifting slings market.

Key Findings of Market Report

• Based on product, the seating slings segment accounted for significant share of the global industry in 2021. The segment is anticipated to expand at a rapid pace between 2022 and 2031. Seating slings are widely utilized across the world to meet the demands of different patients. These slings offer exceptional features, including strong leg and back support. In addition, seating sling installation is quick and simple, which is anticipated to fuel industry growth.
• Based on usage, the reusable segment held major share of the global market in 2021. This trend is anticipated to persist from 2022 and 2031. Reusable slings are easily available in a wide range of designs and are reasonably priced. Reusable medical slings often assist movements including sitting to standing, repositioning, and high back. Given their durability, demand for reusable medical lifting slings is high in many of the developing countries.
• In terms of shape, the u-shaped slings segment held significant share of the global industry in 2021. The segment is anticipated to expand rapidly between 2022 and 2031. It is projected to be driven by advent of different types of u-shaped slings, including toileting, bathing, and standing slings. Patients appreciate these forms since they offer a variety of attachments, ranging from four to eight straps that provide them with pleasant settings.

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Global Medical Lifting Slings Market: Growth Drivers

• Increase in rate of obesity is anticipated to boost patient demand for medical lifting slings. According to the WHO, 650 million persons over the age of 18 were obese and 1.9 billion adults worldwide were overweight in 2016. More than 340 million children worldwide are obese, and the number is growing among youngsters. The WHO reports that prevalence of obesity has risen since 1975, yet lifestyle interventions can prevent it. Bariatric as well as other pediatric slings are likely to benefit the obese and children population by enhancing their quality of life and mobility.
• Patients who need lifts and slings for a brief period of time (four to six months) at home health care setting are increasingly turning to rental services.As a result, a number of public and commercial organizations, including the Blue Cross and Blue Shield Association, Wy'East Medical, and the Ministry of Health and Long-Term Care Assistive Devices Program, offer low-income group of patients in developing countries with access to rental care facilities.

Global Medical Lifting Slings Market: Regional Landscape

• Based on region, Europe led the global industry in 2021. This can be largely ascribed to increase in favorable reimbursements for medical lifting slings by governments of various countries in the region. Growth in public awareness about various medical slings and their advantages in homecare settings and high recovery costs are likely to drive business opportunities in the market in Europe.

Global Medical Lifting Slings Market: Key Players

• Invacare Corporation
• Osprey Sling Company
• Medline Industries, Inc.
• HoverTech International
• Medical Depot, Inc.
• Bestcare, LLC

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Global Medical Lifting Slings Market: Segmentation

Product

• Bariatric Slings
• Seating Slings
• Stand Up Slings
• Universal Slings
• Hammock Sling
• Transfer Slings
• Toileting Slings
• Others

Usage

• Reusable
• Disposable

Shape

• U-shaped Slings
• Full Body Slings

End-user

• Hospitals
• Home Healthcare
• Nursing Homes
• Assisted Living Facility
• Others

Regions

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America

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