growing prevalence of disabilities is driving the Medical Lifting Sling Market
Technavio analyzes that the Medical Lifting Sling Market is expected to grow at a CAGR of 6.6% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 337.7 million.There are various factors that contribute to the growth of the market. The medical lifting sling market is experiencing significant growth due to the increasing prevalence of disabilities and aging population. These devices are essential for assisting in the safe transfer and positioning of patients with mobility limitations. The rising number of chronic diseases and injuries, coupled with the need for improved patient care and safety, is driving the demand for medical lifting slings in hospitals, long-term care facilities, and home healthcare settings.
In the Medical Lifting Sling Market, reusable slings held a significant market share in 2023 due to their anatomically designed features, ensuring patient safety and comfort. Manufactured from a breathable poly/cotton material, these slings are durable, allowing for laundering and reuse among multiple patients. However, factors such as patient weight, cleaning frequency, and drying temperature impact their lifespan. Concerns regarding potential cross-infections and hygiene issues have led to an increasing preference for disposable medical lifting slings within the healthcare sector, which is a key trend shaping the market landscape.
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Medical Lifting Sling Market Segmentation
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Medical lifting slings are essential patient handling equipment used by healthcare providers for transferring and positioning individuals with chronic conditions, musculoskeletal issues, arthritis, bone fractures, and osteoporosis. These conditions often result in disability in movement and mobility issues. Various types of medical lifting slings include nylon, padded, transfer, and disposable slings. Nylon slings offer durability, while padded slings ensure patient dignity and comfort. Other types include standing, seating, universal, hammock, toilet, and bariatric slings, made from materials like mesh, reusable fabrics, and disposable materials. Smart loop technology enhances the functionality of these slings, catering to multipurpose applications. Patient mobility aids, such as medical lifting slings, are crucial for home care and institutional settings, enabling safe and efficient transfers for patients with disabilities.
The medical lifting sling market is a significant segment of the global healthcare equipment industry, focusing on the production of lifting devices for individuals with chronic conditions, musculoskeletal disorders such as arthritis, bone fractures, and osteoporosis, as well as for the physically disabled and those with limited movement capabilities. According to Technavio, this market is part of the larger global healthcare equipment market, which encompasses manufacturers of capital equipment, instruments, implants, accessories, and consumables used for disease diagnosis, monitoring, and treatment. The global healthcare equipment market size is determined by the combined revenue generated by these manufacturers across various therapy areas. The medical lifting sling market specifically caters to the demand for nylon slings and other lifting equipment that facilitate the safe transfer and positioning of patients with mobility challenges.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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