The [FURL=https://www.industryarc.com/Report/16842/medical-lifting-sling-market.html?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Medical Lifting Sling Market[/FURL] size is anticipated to reach 1,235 million by 2026, growing at a CAGR of 5.2% during the forecast period 2021-2026. Lifting Slings are placed around and under patients facing difficulties in mobility. The Medical Lifting Slings assist to hoist patients in order to be moved from one place to another such as a bed to a wheelchair and minimize the risk of injury to the patient. They also diminish injury to nurses or caretakers, who previously had to physically lift the patients to help them move.Key Takeaways
Geographically, Europe accounted for the highest revenue share in 2020 and it is poised to dominate the Medical Lifting Sling market over the period 2021-2026 owing to the presence of a highly developed and established healthcare system along with the high priority given for patient safety and comfort in the region.
Increase in the geriatric population and rapid rise in disabilities caused by lifestyle illnesses are driving the market. However, the scarcity of raw materials needed to manufacture the devices such as the patient hoist act as a major challenge to the Medical Lifting Sling market.
Detailed analysis on the Strength, Weaknesses, and Opportunities of the prominent players operating in the market will be provided in the Medical Lifting Sling Market report.
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Medical Lifting Sling Market Segment Analysis - By Geography
The Medical Lifting Sling Market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and Rest of World. Europe held the largest share of the overall market in 2020 with 27% of the market. The growth in this segment is owing to the increase in the prevalence of lifestyle illnesses and disorders such as diabetes, Stroke, and Cardiovascular diseases in Europe. The North American market is anticipated to have the largest share of the market after Europe. This is owing to the almost equally developed healthcare system in North America. An increase in Obesity rates and illnesses like Muscular dystrophy and Amyotrophic lateral sclerosis (ALS) are the major reasons for the growth in North America.
Medical Lifting Sling Market Drivers
An Increase in the Technological Advancements in Medical Slings is Projected to Drive Market Growth
Rise in the Global Population Experiencing Disabilities is Expected to Boost Product Demand
Medical Lifting Sling Market Competitive Landscape:
Top 10 companies of this market are Medline Industries Inc, Bestcare LLC, Invacare Corporation, Drive DeVilbiss Healthcare, GF health products Inc., ARJO, Prism Medical, Guldmann Inc., Hillrom Services inc., Sunrise Medical Inc.
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