Industry Background:
Medical Lifting Slings are used to lift and transfer patients from one place to another. The growing number of patient with disabilities such as spine injury, surgeries, and other driving the demand for medical lifting slings. Market players are focusing on the development of advanced medical lifting slings for seating, toileting, bathing, and others. Further, the growing healthcare infrastructure in the emerging economies expected to drive the demand for medical lifting slings over the forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | ArjoHuntleigh, Inc. (Sweden), Hill-Rom Holdings Inc. (United States), Guldmann, Inc. (Denmark), Invacare Corporation (United States), Prism Medical Ltd. (Canada), ETAC AB (Sweden), Joerns Healthcare, LLC (United States), Silvalea Ltd. (United Kingdom), VANCARE, INC. (United States) and Stryker Corporation (United States) |
According to AMA, the market for Medical Lifting Slings is expected to register a CAGR of 9.6% during the forecast period to 2030. This growth is primarily driven by Growth in Geriatric Population and Increasing Number of Patients with Lifestyle Diseases.
Globally, a noticeable market trend is evident Emergence of Promove Portable Medical Lifting Slings
Major Players, such as ArjoHuntleigh, Inc. (Sweden), Hill-Rom Holdings Inc. (United States), Guldmann, Inc. (Denmark), Invacare Corporation (United States), Prism Medical Ltd. (Canada), ETAC AB (Sweden), Joerns Healthcare, LLC (United States), Silvalea Ltd. (United Kingdom), VANCARE, INC. (United States) and Stryker Corporation (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The key manufacturers are targeting the innovations of the products with better quality, and better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking about mergers and acquisitions to maintain their presence in the market.
Key Developments in the Market:
In March 2019, Invacare Corporation launched new products, BirdieEVO and BirdieEVO Compact, in their Birdie mobile hoist product portfolio. These products are designed to lift patients from chairs, beds, and floors.
In June 2023, Joerns Healthcare partnered with Winncare, a leading European mobility solutions provider, to introduce a moving and handling product range to the U.S. market.
Influencing Trend:
Emergence of Promove Portable Medical Lifting Slings and Rise in Demand of Universal Slings Which Provide Multiple Functions
Market Growth Drivers:
Growth in Geriatric Population and Increasing Number of Patients with Lifestyle Diseases
Challenges:
Difficulty in Handling Obese Patients with Patient Lifts
Restraints:
Lack of Skilled Professionals to Operate Patient Lifts
Opportunities:
Increasing Demand for Medical Lifting Slings Owing to Rise in Disabled Population and Growing Healthcare Infrastructure in the Emerging Economies
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Medical Lifting Slings Market
- Analysis about New Entrants in Medical Lifting Slings Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Medical Lifting Slings Study Sheds Light on
The Medical Lifting Slings Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Medical Lifting Slings industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Medical Lifting Slings industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.