LONDON, Dec. 14, 2016 /PRNewswire/ -- KEY FINDINGS
The global medical lifting sling market is poised to grow in 2017-2023. Various reasons for growth of the medical lifting sling market are growth in obese population, higher incidences of chronic diseases, high recovery cost of injuries and government initiatives to provide better mobility aid services.
Medical lifting sling refers to an assistive device that helps caregiver transfer a patient with limited mobility. These slings connect to the lift and hold the patient. It is important that the right kind of sling is used for the patient depending on his specific requirements. These slings are used in hospitals, nursing homes or clinics to transfer patients with restricted mobility. These slings are treated with antimicrobial protection to increase their lifespan and make them safer for use. Antimicrobial protection blocks odors and stains.
Medical lifting sling market is segmented on the basis of geography, end user, product, usage type, material, sling shape and sling point. Medical lifting sling is classified as transfer slings, hammock slings, standing slings, universal slings, seating slings, toileting slings, bariatric slings, pediatric slings, positioning sling, tri-turner slings, pivot slings, bath slings and pool and spa slings.
Materials used for medical lifting sling can be either nylon, padded, mesh or canvas slings. Slings can be either full body slings or U-shape slings. Slings can be 4 point sling, 2 point sling or 6 point sling. Slings can be either disposable or reusable slings. End users for medical lifting sling are hospitals, home care facilities, elderly care facilities, trauma center, emergency medical facilities, nursing homes and long term acute facilities.
Market drivers for medical lifting sling are increasing rates of lifestyle diseases like cardiovascular disease and diabetes, higher number of partial immobility incidences and accidents, growing geriatric population, high recovery cost of injuries and government initiatives to provide better mobility aid services.
Hospitals are the biggest end user of medical lifting sling and are expected to report good growth over the forecast period. They have market share of around 49% currently.Home health care is also coming up as a lucrative sector for these products.
U shape slings will have highest market demand in the forecast period of 2017-2023. Universal slings had highest market growth as they provide safe seating structure and provide a good degree of comfort. Currently reusable slings have the highest market share but it is expected that higher growth will be reported for disposable sector during the forecast period. Nylon slings have the highest demand and will also remain in demand over the forecast period. 4 point sling is the most popular and are expected to show good growth over coming years.
Factors that will restrain market growth are high costs associated with the lack of skilled personnel and difficulty in handling obese patients.
Figure: Global Medical lifting sling Market by Geography (%) in 2015
Market regions that are covered in the report are North America, Europe, Asia-Pacific and RoW. Europe has the largest market share of medical lifting sling market. North America follows Europe in the medical lifting sling market. Europe has favorable government policies that have helped market growth. North America will witness growth due to increasing number of obese population.
Asia-Pacific market is expected to report highest growth in the years 2017-2023. Increasing awareness, more disposable income along with rise in lifestyle diseases will be the market drivers for growth of medical lifting sling market in Asia Pacific region.
The major market players for medical lifting sling are Argo Medical, ArjoHuntleigh, Bestcare, Drive DeVilbiss Healthcare, DJO Global, ETAC AB, GF Health Products, GF Health Products, Invacare Corporation, Joerns Healthcare, and Prism Medical. Companies are forming alliances and are going for mergers and acquisitions to strengthen their market position. Organizations are investing in research and development to come up with novel and innovative products that will capture new market share.
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