Wednesday 2 September 2015, Amsterdam
The report, now available on ASDReports, “Medical Lifting Sling Market by Product (Transfer, Hammock, Toilet, Seating, Universal, Standing, Bariatric), by Material (Nylon, Padded, Canvas), by Usage Type (Disposable, Reusable), End User (Home, Hospital, Elderly) -Forecast to 2020” provides a detailed overview of the major drivers, restraints, threats, opportunities, current market trends, and strategies impacting the market along with estimates and forecasts of revenue.
The medical lifting sling market is poised to reach USD 706.0 Million by 2020 from USD 411.5 Million in 2015, at a CAGR of 11.4 % from 2015 to 2020.
Factors such as rising aging population, disabilities from non-communicable diseases, increasing incidences of lifestyle diseases, and high recovery cost from injuries are promoting use of medical lifting slings which in turn is driving the growth of the medical lifting sling market. However, lack of skilled training and knowledge to handle patients and difficulty in handling obese patients are hindering the growth of this market.
The medical lifting sling report is broadly segmented on the basis of product, usage type, material, end user and region. On the basis of products, the medical lifting sling market is broadly segmented into standing slings, seating slings, universal slings, hammock slings, transfer slings, toilet slings, bariatric slings, and others (such as positioning and pivot slings). The transfer sling segment is expected to be the largest segment and will also be the fastest growing segment in the forecast period.
On the basis of type of material, the medical lifting sling market is categorized into nylon, padded, mesh, canvas, and others (polypropylene and cotton). Nylon is the largest as well as fastest growing segment of this market. On the basis of end users, the medical lifting sling market is classified into home care, hospital, elderly care, and others (emergency medical services, long-term acute care facilities, trauma centers, and nursing homes). Hospitals are the major end users of this market. This large share can be attributed to growing use of medical lifting slings in hospitals while assisting the disabled patients.
On the basis of usage type, the medical lifting sling market is divided into disposable and reusable slings. In 2015, the reusable segment will hold the largest share of the medical lifting sling market. However, the disposable slings segment will show the highest growth rate as the use of these slings prevents infections.
The medical lifting sling market by region is segmented into North America, Europe, Asia-Pacific and Row. In 2015, Europe is expected to account for the largest share of the European medical lifting sling market, followed by North America. Both markets are estimated to register double-digit growth rates over the next five years.
Key players operating in the medical lifting sling market are ArjoHuntleigh, Inc. (Sweden), Hill-Rom Holdings Inc. (U.S.), Guldmann, Inc. (Denmark), Invacare Corporation (U.S.) and Prism Medical Ltd. (Canada)
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