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Medical Lifting Sling Market Research and Forecast, 2022-2028

  • Report

  • 140 Pages
  • July 2022
  • Region: Global
  • Orion Market Research Private Limited
  • ID: 3821017

Global Medical Lifting Sling Market By Product (Bariatric Sling, Toilet Sling, Hammock Sling, Universal Slings, Standing Slings, and Seating Slings), By Material (Mesh Sling, Padded Sling, Canvas Sling, Nylon Slings, and Other Slings), By Type (Disposable Slings and Reusable Slings), By End User (Homecare, Hospitals, and Elderly Facilities), and Forecast, 2022-2028

The global medical lifting sling market is growing at a CAGR of nearly 11.0% during the forecast period. The major factors that are augmenting the growth of the market include a significant prevalence of the disabled population, favorable government policies promoting the market growth, and increasing prevalence of chronic diseases. The rising geriatric population is also contributing to the market growth. According to the United Nations (UN), the aged population, or people above the age of 60, is expected to double by 2050 and triple by 2100 as it rises at an increased pace than the younger population. This will further drive the adoption of medical lift slings to hold old age patients while they are connected to lifts. Further, medical lifting slings support to improve the quality of lives of the geriatric population while providing them with better treatment options.

Additionally, advancement in technology is offering an opportunity for market growth. The development of Pro move portable medical lifting slings is a different and new sort of approach to this market and can offer a significant opportunity for the market. These are having portable, lightweight and easy to deploy features. The range of Pro Move portable slings ranging from children to high age individuals. However, the lack of skilled professionals is hindering the growth of the global medical lifting sling market across the globe.

Segmental Outlook

The market is segmented based on the product, material, type, and end-user. Based on the product, the market is segmented into the bariatric sling, toileting sling, hammock sling, universal slings, standing sling and sitting slings. Based on the materials segment, the market is segmented into the mesh, padded, canvas, nylon, and others. based on type, the market is segmented into the disposable sling and reusable sling. Based on end-user, the market is classified into home care, hospitals, and elderly facilities.

Global Medical Lifting Sling Market Share by Product, 2020 (%)

Global Medical Lifting Sling Market Share by Product

By product type, the demand for bariatric slings is primarily driven by the rising obese and overweight population. According to the US Department of Health & Human Services the prevalence of obesity was 40% in adults ageing from 20 to 39 years, 44.8% among adults ageing from 40 to 59 and 42.8% ageing above 60 and older. Bariatric slings are general slings used for lifting obese people. These kinds of slings are useful for lifting the entire body along with the head. Some bariatric sling providers include Invacare corp., Alpha modalities, LLC, Hill-Rom Holdings, Inc., Prism Medical, Guldmann Inc., among others. According to U.S. Department of Health & Human Services the prevalence of obesity was 40% in adults aging from 20 to 39 years, 44.8% among adults aging from 40 to 59 and 42.8% aging above 60 and older. The availability of innovative bariatrics slings is expected to further drive the share of this segment. Guldmann Inc. offers Twin Turner Bariatric that is used in conjunction with the ceiling lift system. The use of this sling for obese patients supports in turning the user along with positioning them on to their side. As a result, it will avoid unnecessary strain on the care provider.

Regional Outlook

The global medical lifting sling market is analyzed based on geographical regions such as North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America has the highest rate of healthcare spending, followed by Europe. Some factors that are boosting the market growth in North America include advanced healthcare infrastructure, rising aged population, significant adoption of elevation slings coupled with the rising arm injuries in the region. The rising geriatric population is one of the major factors boosting the adoption of medical lifting slings as it supports aged patients to carry their daily routine easily with the support of a sling. The aged population have trouble walking or moving which makes them unable to perform various activities, which in turn, is resulting increasing demand for medical slings to perform everyday activities.

Global Medical Lifting Sling Market Growth, by Region 2022-2028

Global Medical Lifting Sling Market Growth, by Region

Asia-Pacific will have considerable growth in the Market During the Forecast Period

Asia-Pacific region is expected to witness significant growth opportunity for the market. Rising development in healthcare infrastructure and favorable government policies for healthcare are some crucial factors that are accelerating market growth. The Indian government along with China are investing more in order to develop healthcare infrastructure which results in increasing demand for patients care equipment, including medical lifting slings in the region. Additionally, a significant prevalence of the aged population is also expected to raise the demand for medical lifting slings in-home care along with in-hospital settings in the Asia-Pacific.

Market Players Outlook

Key players in the medical lifting sling market include Arjo Inc., Hill-Rom Holdings, Inc., Invacare Corp., Prism Healthcare Group, and Savaria Corp. To survive in the market, these players adopt different marketing strategies such as mergers and acquisitions, product launches, and geographical expansion. For instance, in June 2019, Savaria Corp. acquired a manufacturer of patent transfer slings and accessories, Silvalea Ltd. Through this acquisition, the company will extend its product portfolio along with enhancing the quality of the product. Additionally, in July 2019, Prism medical acquired the County Durham-based Care-Ability Healthcare Ltd. (Care-Ability) which is considered as well-established in the manufacturing process along with supplying quality medical sling products. The main purpose of this acquisition is to extend the product portfolio along with the service offerings in the market.

The Report Covers

  • Market value data analysis of 2020 and forecast to 2027.
  • Annualized market revenues ($ million) for each market segment.
  • Country-wise analysis of major geographical regions.
  • Key companies operating in the medical lifting sling market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
  • Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
  • Analysis of market-entry and market expansion strategies.
  • Competitive strategies by identifying ‘who-stands-where’ in the market.

Table of Contents

1. Report Summary
  • Current Industry Analysis and Growth Potential Outlook
  • Impact of COVID-19 on the Global Cancer Vaccine Industry
  • Recovery Scenario of Global Cancer Vaccine Industry
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Bristol-Myers Squibb Overview Financial Analysis SWOT Analysis Recent Developments
3.1.2. Eli Lilly and Co. Overview Financial Analysis SWOT Analysis Recent Developments
3.1.3. GlaxoSmithKline plc Overview Financial Analysis SWOT Analysis Recent Developments
3.1.4. Merck & Co. Inc. Overview Financial Analysis SWOT Analysis Recent Developments
3.1.5. Pfizer Inc. Overview Financial Analysis SWOT Analysis Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of Covid on key players
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Cancer Vaccine Market by Type
5.1.1. Preventive Vaccines
5.1.2. Therapeutic vaccines
5.2. Global Cancer Vaccine Market by Technology
5.2.1. Dendritic Cell Vaccines
5.2.2. Conjugate Vaccines
5.2.3. Inactivated Vaccines
5.2.4. Live Attenuated Vaccines
5.2.5. Recombinant Vector Vaccines
5.2.6. Others
5.3. Global Cancer Vaccine Market by End-User
5.3.1. Hospitals and Clinics
5.3.2. Research Institutes
5.3.3. Pharmaceuticals & Biotechnology Companies
5.3.4. Others
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. South Korea
6.3.5. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. AduroBioTech, Inc.
7.2. Advaxis Inc.
7.3. Amgen Inc.
7.4. Astellas Pharma Inc.
7.5. AstraZeneca PLC
7.6. Dendreon Pharmaceuticals LLC
7.7. Dynavax Technologies Corp.
7.8. F. Hoffmann-La Roche AG
7.9. Generex Biotechnology Corp.
7.10. Immunocellular Therapeutics, Ltd.
7.11. Moderna, Inc.
7.12. OSE Immunotherapeutics SA
7.13. Sanofi SA
7.14. Vaccinogen, Inc.
7.15. Welland Medical Ltd.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Alpha Modalities, LLC
  • Antano Group Srl
  • Benmor Medical
  • Cortland Ltd.
  • Etac AB
  • Gunnebo Industries AB
  • Handicare Group AB
  • Handi-Move International
  • Horcher GmbH
  • Human Care HC AB
  • Joerns Healthcare LLC
  • MeyraGmbh
  • Nausicaa Medical
  • Pelican Manufacturing
  • Proactive Medical Products
  • Sunrise Medical (US) LLC
  • V. Guldmann A/S
  • Vancare, Inc.
  • Willaid Health Care Equipment
  • Winncare Nordic ApS