PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1441427
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1441427
Global Medical Lifting Sling Market is valued approximately at USD 0.94 billion in 2022 and is anticipated to grow with a growth rate of more than 7.60% over the forecast period 2023-2030. A medical lifting sling is a specialized piece of equipment used in healthcare settings to assist in the safe and secure transfer of patients with limited mobility. It is a fabric or mesh device designed to support an individual's body during lifting and transferring procedures, particularly for those who have difficulty moving on their own. Medical lifting slings are a crucial component of patient lifting and transfer systems, which may include ceiling-mounted or mobile patient lifts. The Medical Lifting Sling market is expanding because of factors such as rising geriatric population, rise in the number of physical disabilities, rising prevalence of musculoskeletal problems.
Musculoskeletal disorders, such as arthritis, back pain, and mobility-limiting conditions, are increasingly prevalent, particularly among the aging population. As individuals face challenges in mobility, healthcare providers and caregivers seek efficient and safe solutions for patient handling and transfer. Medical lifting slings play a crucial role in addressing these challenges by providing a secure and supportive means of moving individuals with musculoskeletal problems, minimizing the risk of injuries to both patients and caregivers. Elderly persons are more likely to suffer from osteoporosis, hip and bone fractures, arthritis, and other musculoskeletal conditions. A May 2023 article from the Centers for Disease Control and Prevention (CDC) states that hip fractures result in at least 300,000 elderly persons being hospitalized annually. Additionally, a March 2023 study published in Medical Science and Discovery revealed that roughly 95.3% of senior persons reported experiencing musculoskeletal disorders, based on a district survey conducted in Maharashtra, India. The rising incidence of musculoskeletal diseases in the elderly is propelling the demand for medical lifting equipment, resulting in the market growth. In addition, rising healthcare expenditure, government initiatives promoting patient and healthcare worker safety and a growing preference for home-based healthcare are some factors creating new opportunities to market growth. However, the high cost of Medical Lifting Sling stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Medical Lifting Sling Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 with largest market share owing to the dominance of key market players, rising prevalence of various chronic diseases, cohesive government initiatives for supporting development of healthcare infrastructure, rising technological advancement for product innovation in the region. Asia Pacific is expected to grow at the fastest rate during the forecast period, owing to factors such as rising geriatric and target populations, an increase in the number of collaborations for product research and development, geographic expansion of key players, and active participation of government and in the market space.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of tables and figures and dummy in nature, final lists may vary in the final deliverable