The global medical lifting slings market is expected to witness moderate growth till 2023. Several factors will shape the dynamics of the global medical lifting slings market during the forecast period from 2015 to 2023. Let’s take a look at the drivers and restraints of the global medical lifting slings market:
Favorable Legislations to Drive Global Medical Lifting Slings Market
The global medical lifting slings market will be driven by the increasing number of favorable legislations supporting safe patient handling and mobility (SPHM). These legislations are also supporting care provider safety, further fueling the global medical lifting slings market. In addition to this, the trend of rental provision is boosting the usage of slings among low-income patients, in turn driving the overall medical lifting slings market.
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The increasing baby boomer population will also propel the global medical lifting slings market during the forecast period. Nevertheless, the lack of proper technical expertise and training provisions, particularly in emerging regions, will impact the market’s penetration rate negatively. This trend will challenge the global medical lifting slings market significantly.
Transfer Sling Segment to Witness Fastest Growth in Global Market
Broadly, the global medical lifting slings market is segmented on the basis of product, sling point, sling shape, end use, and geography. By product, the global medical lifting slings market is divided into toileting slings, transfer slings, hammock slings, universal slings, stander slings, bariatric slings, and others. In 2014, universal slings stood out as the most salable and widely employed product type. This product segment is driven by attributes such as the ability to offer neck and back support, comfort, and broad application areas such as transferring a patient from a wheelchair to a bed or the toilet. On the other hand, the rising incidence of obesity is driving the demand for bariatric slings, which are designed especially to handle obese patients.
Nevertheless, the segment of transfer slings is projected to witness the fastest growth during the forecast period. Transfer slings are used to position and reposition a patient resting in a horizontal position. A transfer sling is permanently placed as a part of the patient’s bedding. This characteristic of transfer slings is unique from other slings and is driving their demand in the global medical lifting slings market.
According to sling point, the global medical lifting slings market is segmented into 6 point sling, 4 point sling, and 2 point sling. On the basis of sling shape, the global medical lifting slings market is bifurcated into full body slings and U-shape slings. By end use, the global medical lifting slings market is divided into assisted living facilities, nursing homes, home health care, hospitals, and others. Revenue-wise, the hospitals segment leads the global medical lifting slings market due to the preference of the same to make bulk purchases of medical lifting slings. Regionally, the global medical lifting slings market is classified into Asia Pacific, Europe, North America, and Rest of the World.
Players in the global medical lifting slings market will benefit from the rise in government and private initiatives to provide better healthcare services to the elderly and disabled population. The key players operating in the global medical lifting slings market are Prism Medical, Invacare Corporation, DJO Global, Argo Medical, Etac AB, and Bestcare.