Published By : 15 Mar 2016 | Published By : QYRESEARCH
The growing incidence of lifestyle diseases, increasing number of people with disabilities, and the increasing geriatric population around the world, have been driving the market for medical lifting slings. Medical lifting slings, also coined as patient lifting slings, are considered crucial to ensure quality patient care in hospitals and other healthcare settings. The growing demand for medical lifting slings, keeping in mind patient’s comfort and also to avoid the chances of meeting with any fatal accidents while delivering patient care, the future outlook of the global market for these medical equipment seem rather impressive.
According to a report published by Transparency Market Research, the global market for medical lifting slings, which stood at US$312.0 mn in 2014, is expected to reach US$632.8 mn by the end of 2023. If the figures hold true, the global market for medical lifting slings will exhibit a positive CAGR of 7.8% between 2015 and 2023.
Universal Slings to Witness Rising Demand from Hospitals
The most common types of medical lifting slings available in the market include bariatric sling, stander sling, seating sling, universal sling, transfer sling, hammock sling, toileting sling, and others. The others segment includes pool and spa lifting slings, bathing sling, pediatric sling, and tri-turner sling. Among the key product segments of the global medical lifting slings market, the universal slings were reportedly most widely employed in hospitals and healthcare centers in 2014. Universal slings are more comfortable and offer back and neck support due to which their demand is substantially high across hospitals.
Demand for Bariatric Slings to Increase in Response to Increasing Incidence of Obesity
Over the next few years, the demand for bariatric slings is also anticipated to increase due to the increasing incidence of obesity around the world. These slings are specially designed to make handling obese patients easier for caregivers and more comfortable for patients. Furthermore, these slings are also demanded to avoid chances of occurrence of occupational injuries when an aging caregiver is attending to any patient.
Regionally, the global medical lifting slings market has been segmented into Asia Pacific, Europe, North America, and Rest of the World. Of these Europe dominated the global market for medical lifting sling in 2014, followed by North America. Based on end users, the hospitals segment led the market in 2014.