Introduction
Medical lifting slings are essential tools used in healthcare settings to safely move and transfer patients who have mobility limitations. These slings provide support and stability during transfers, reducing the risk of injury to both patients and caregivers. They come in various designs and materials to accommodate different patient needs and transfer scenarios.
The primary function of medical lifting slings is to assist caregivers in transferring patients between beds, wheelchairs, stretchers, and other surfaces, as well as helping with tasks like repositioning in bed or chair. They are commonly used in hospitals, nursing homes, rehabilitation centers, and home care settings.
Market Drivers
The rising prevalence of chronic diseases necessitating long-term patient care is expected to increase the use of medical lifting slings. The growing senior population, as well as the growing number of physically challenged people, are driving up demand for medical lifting slings. Various market participants are working hard to meet the need for rehabilitation assistive equipment such as walkers, hospital beds, wheelchairs, crutches, commode chairs, patient lifts, slings, and so on.
These characteristics are expected to generate significant growth potential for market participants during the forecast period. Aging increases an individual's propensity to developing target diseases such as rheumatoid arthritis and osteoporosis. According to the Arthritis Society, around 6 million Canadians (1 in 5 adults) have arthritis, and this figure is anticipated to increase to an estimated 9 million by 2040. (1 in 5 today to 1 in 4 in 2040). The aged population is also more vulnerable to chronic illnesses such as diabetes, cardiovascular problems, and other lifestyle-related disorders, which will drive market expansion.
According to the CDC, there are approximately 49 million people in the United States aged 65 and up in 2016, accounting for 15% of the population, and this figure is expected to rise to 71 million by 2030 and 98 million by 2060. According to the Population Reference Bureau fact sheet, the number of individuals aged 65 and up in the United States is predicted to nearly double from 52 million in 2018 to 95 million by 2060 (an increase from 16% to 23%). As a result, the growing geriatric population is likely to extend the patient pool for medical lifting sling manufacturers. Furthermore, ageing demographics have increased demand for long-term care facilities and nursing homes, which drives the demand for medical lifting slings.
Several investments/guidelines in the industry have been directed in recent years, which would boost the overall market:
- Germany is the world's third-largest supplier of medical technology items, trailing only the United States and Japan. Furthermore, ongoing investment in research and innovation by German medical device makers is predicted to considerably contribute to the European medical lifting slings industry. For example, around 1,200 companies are active in the medical technology sector and invest approximately 9% of their revenue in R&D. Strong collaboration between German equipment makers and R&D institutes aids in preserving an internationally unrivaled competitive edge. Germany has over 11,000 medical device manufacturers and over 30 specialized cluster networks that connect corporations, universities, hospitals, and other research institutes to foster continuous innovation in R&D and manufacturing.
Segment Analysis
By Usage Type
"Reusable medical lifting slings held the greatest proportion of the global market in 2021".
The medical lifting slings market has been divided into reusable and disposable. Reusable medical lifting slings held the greatest proportion of the global market in 2021. This is due to the fact they can be used and washed again. Most reusable slings are controlled by the caregiver and can be used for patients with restricted upper body function (head support).
Furthermore, reusable slings are intended to make it simple to move, roll, or turn a patient. These slings are often composed of polyester and yarn to improve comfort and prevent shear by conforming to the contours of the body. During the forecast period, the reusable medical lifting slings sector is predicted to increase at a modest rate.
Nevertheless, disposable medical slings are expected to develop rapidly during the projection period. The key motivation for professionals to convert to disposable products is the rising risk of hospital-borne infections and cross-infection caused by reusable products. When they become soiled, they may be quickly disposed of to prevent cross-contamination. The sling is manufactured from eco-friendly materials.
By End User Typ
"In 2021, hospitals will be the largest end-user of these products".
The market is segmented into hospitals and clinics, home care settings, and others. In 2021, hospitals will be the largest end-user of these products. The large patient pool and increased financial power make a bulk acquisition of these products in hospitals possible. Medical lifting slings are commonly used in hospitals to transfer patients with mobility issues.
The hospital segment is expected to lead the medical lifting slings market during the forecast period, owing to an increase in bulk purchases of medical lifting slings due to their limited product life and the increasing use of medical lifting slings in hospitals to assist disabled patients.
The home healthcare market is expected to be a potential end-user for these goods. When compared to hospitals, home healthcare services are more cost effective. Furthermore, medical lifting slings are an important aspect of home health care (after surgery) when a user or amputee needs to get up from a sitting posture or out of bed and/or move from one location to another at home.
Furthermore, these slings are excellent when the user is easily lifted from a bed and transferred to a wheelchair, bath, or commode without putting strain on the caregiver or putting the occupant in danger. Increased demand for these services in both developed and developing nations is expected to drive their growth.
Regional Analysis
"Europe held the highest share of the medical lifting sling market in 2021"
The medical lifting slings market is broken down geographically into areas like North America, Europe, Asia-Pacific, and the Rest of the World (RoW). Europe held the highest share of the medical lifting sling market in 2021, owing to increased research spending and more efforts that deliver sophisticated products as well as private-public partnerships.
Furthermore, the increased prevalence of chronic diseases and the implementation of supportive reimbursement systems are critical variables driving market expansion. Europe is home to world-class research, and its research facilities are used by researchers from all over the world. The United Kingdom has established a world-class research infrastructure.
These research efforts are funded by the EU and specific European countries. The increased frequency of chronic conditions, as well as the implementation of supportive reimbursement programs, are key drivers of the European medical lifting slings industry.
Key Players
The following are the key players in the Medical Lifting Slings Market (arranged alphabetically)
- ArjoHuntleigh
- Argo Medical, Inc.
- Drive Medical Inc.
- DJO Global
- Joerns Healthcare LLC
- Hill-Rom (Baxter)
- Invacare Corporation
- Joerns Healthcare LL
- Prism Medica
- Spectra Care Group
- V.Guldmann A/
Companies are adopting numerous strategic activities, such as mergers, acquisitions, and collaborations, to produce novel inventive solutions and grow operations in both established and developing countries to increase their worldwide presence. The primary strategic initiatives influencing industry dynamics are distribution channel enhancement, new product development, regional expansion, and collaborations.
- Baxter International, Inc., a worldwide medical technology firm, acquired Hill-Rom in December 2021 to provide new prospects for innovation, which will help lower costs and enhance overall care results.
Note: The above list does not necessarily include all the top players in the market.
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in-depth Analysis of the Medical Lifting Slings Market
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Global, regional, and country-level historical data and forecasts
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Market segment analysis and Forecast
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Competitive landscape analysis, Market share analysis
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Porter’s five forces analysis, PEST analysis, Life cycle analysis
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