With Rising Geriatric Population, Medical Lifting Slings Market Is Anticipated to Rise at a CAGR of 9.2% by the End of 2024
Transparency Market Research Report Added "Medical Lifting Slings Market" to its database.Albany, NY -- (SBWIRE) --
Although the medical lifting slings market exhibits fragmentation in developing countries, global giants such as
Major players in the medical lifting slings market are looking forward to broaden their services base across different geographical regions, especially those incorporating emerging nations.
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The augmenting trend of privatization in the healthcare sector and far-reaching awareness about mobility aids are predicted to draw the interest of businesses and investors in the global market. Besides this, inflating number of government and private insurance products will add to the growth of the market.
On the basis of sling point, the international medical lifting slings market is foreseen to be dominated by the 4 point sling segment until 2024 with a whopping percentage share while rising to
Although
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New companies will have little hopes to enter the worldwide medical lifting slings market, although the demand for economical, technologically sophisticated, and adaptable products may attract them. Shortened product lifecycle, market consolidation, increasing research and development expenses, and price competition are the constraints of the growth of new entrants.
The bargaining power of suppliers is expected to be low with the rising risk of forward integration and demand for mobility merchandise. Moreover, the number of raw material and equipment suppliers prevailing in the market is enormous with a broad scope of slings and related accessories available for purchase.
Increasing Geriatric Population to Push Global Market
The provision of offering medical lifting slings on rental basis in home care settings has inclined the global market towards growth. Government and private organizations in emerging regions have targeted low income group patients by providing them rental care services. Furthermore, there are multiple number of programs initiated to help the poverty-stricken patients bear the expense of the purchase and maintenance of slings.
Favorable initiatives by government organizations such as the
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With almost 50% of the global geriatric population accounted by APAC to expand strikingly by 2020 according to the
Lack of Technical Knowledge and Training Could Influence Growth
Lack of proper training and amateur technical know-how on the part of end-users, such as hospital staffs, could hamper the advancement of the medical lifting slings market, especially in the emerging economies. However, most end-users are now focusing on delivering apposite information and sufficient training related to patient handling and moving. This is expected to compensate for the effect of the market constraints.
The information presented in this review is based on a
The global medical lifting slings market is segmented as:
Global Medical Lifting Slings Market, by Product
Bariatric Sling
Seating Sling
Stander Sling
Universal Sling
Hammock Sling
Transfer Sling
Toileting Sling
Others
Global Medical lifting slings Market, by
2 point
4 point
6 point
Global Medical lifting slings Market, by Sling Shape
U-shape Sling
Full Body Sling
Global Medical lifting slings Market, by End-user
Hospital
Assisted Living Facilities
Others
Global Medical lifting slings Market, by Geography
Europe Market, by Product
Bariatric Sling
Seating Sling
Stander Sling
Universal Sling
Hammock Sling
Transfer Sling
Toileting Sling
Others
Europe Market, by
2 point
4 point
6 point
Europe Market, by Sling Shape
U-shape Sling
Full body Sling
Europe Market, by End-user
Hospital
Assisted Living Facilities
Others
North America Market, by Product
Bariatric Sling
Seating Sling
Stander Sling
Universal Sling
Hammock Sling
Transfer Sling
Toileting Sling
Others
North America Market, by
2 point
4 point
6 point
North America Market, by Sling Shape
U-shape Sling
Full body Sling
North America Market, by End-user
Hospital
Assisted Living Facilities
Others
Asia Pacific Market, by Product
Bariatric Sling
Seating Sling
Stander Sling
Universal Sling
Hammock Sling
Transfer Sling
Toileting Sling
Others
Asia Pacific Market, by
2 point
4 point
6 point
Asia Pacific Market, by Sling Shape
U-shape Sling
Full body Sling
Asia Pacific Market, by End-user
Hospital
Assisted Living Facilities
Others
Rest of the World
Rest of the World Market, by Product
Bariatric Sling
Seating Sling
Stander Sling
Universal Sling
Hammock Sling
Transfer Sling
Toileting Sling
Others
Rest of the World Market, by
2 point
4 point
6 point
Rest of the World Market, by Sling Shape
U-shape Sling
Full Body Sling
Rest of the World Market, by End-user
Hospital
Assisted Living Facilities
Others
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