Key Findings
The medical lifting sling market of Asia Pacific is estimated to grow at a CAGR of 9.77% over the projected period of 2020-2028. One of the important factors driving the market of medical lifting slings in the region is the rising purchasing power of countries like China and Japan. The growing awareness about the advantages of medical slings and supportive government initiatives to improve healthcare infrastructure are also boosting the market growth.

Market Insights
In order to study the Asia Pacific medical lifting sling market further, the region is segregated into countries such as Australia & New Zealand, China, India, South Korea, Thailand, Indonesia, Japan, Vietnam, and the rest of Asia Pacific. In Indonesia, healthcare is a priority, and the number of hospitals and clinics is growing despite the economic slowdown.There is support from both the central and regional governments, to develop healthcare facilities, and the market offers great potential for medical sling manufacturers. The Thailand government has allocated 15% of its total budget on public healthcare services. The country is gaining worldwide recognition in the quality of its healthcare facilities. The number of patients suffering from heart diseases, stroke, cancer, and diabetes is increasing considerably due to the growing geriatric population. The foreign patients, both medical tourists, and emigrants, are also on the rise.The building of new facilities by hospitals and the entry of new players is leading to market growth.
The Vietnam healthcare sector is facing challenges, and high-quality healthcare services are not available. A large number of patients have to travel and spend abroad for medical services. In the coming years, Vietnam plans to upgrade the healthcare system, which is expected to generate plenty of opportunities for medical equipment like lifting slings in the market. In Australia, the demand for healthcare services is growing due to the rising life span of an individual,the availability of sophisticated treatments, and emphasis on social care. In Australia and New Zealand, a large number of patients hospitalized for injury and rehabilitation care require mobility equipment and devices. The rising elderly population and the presence of a good health network are surging the market growth.

Competitive Insights
DJO Global, Inc., Philips Corporation , Invacare Corp, ,Drive DeVilbiss Healthcare, GF Health Products Inc., etc. are some of the key players operating in the market.
Our report offerings include:

  • Explore key findings of the overall market
  • Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
  • Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
  • Market Segmentation cater to a thorough assessment of key segments with their market estimations
  • Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
  • Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
  • Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
  • Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments