Medical Lifting Sling Market Price USD 1.7 Billion by 2030: Grand View Analysis, Inc.
SAN FRANCISCO, July 13, 2022 /PRNewswire/ — The worldwide medical lifting sling market is anticipated to achieve USD 1.7 billion by 2030, in keeping with a brand new report by Grand View Analysis, Inc. The market is predicted to increase at a CAGR of 8.5% from 2022 to 2030. Increasing geriatric and disabled inhabitants coupled with rising want for house healthcare merchandise are propelling the market progress. Geriatric inhabitants kinds the goal inhabitants for this market. This demographic is very vulnerable to age-related problems that in sure circumstances causes immobility. Furthermore, the arrival of long-term care facilities and aged care facilities is creating progress alternatives for market gamers.
Key Trade Insights & Findings from the report:
- Primarily based on product, nylon slings accounted for the biggest market share of 29.30% in 2021 owing to the related advantages, which embrace higher sturdiness, reusability, and their availability in a number of sizes and styles.
- Primarily based on utility, switch slings was the biggest phase in 2021 when it comes to income and is anticipated to stay the identical over the forecast interval. Motive being its function which incorporates transferring a affected person to and or from a chair, mattress and from ground.
- Hospitals shaped the biggest end-user for these merchandise in 2021. The large affected person pool and a higher financing functionality facilitate bulk buying of those merchandise in hospitals.
- Europe medical lifting sling market dominated with round 32.59% market share in 2021 to the upper analysis expenditure, extra initiatives to offer superior gadgets, and private-public partnerships.
- Asia Pacific is predicted to develop at a speedy tempo over the forecast owing to the rising per capita revenue and the presence of excessive unmet wants of the large inhabitants pool on this area.
Learn 102-page market analysis report, “Medical Lifting Sling Market Dimension, Share & Traits Evaluation Report, By Product (Nylon, Padded, Mesh, Canvas), By Software (Switch, Common, Hammock, Standing, Seating, Bathroom, Bariatric), By Utilization, By Finish-use, By Area, And Section Forecasts, 2022 – 2030“, printed by Grand View Analysis.
Medical Lifting Sling Market Development & Traits
The outbreak of COVID-19 within the yr 2020 has positively impacted the medical lifting sling market progress. Elevated variety of COVID-19 circumstances and excessive demand for ventilator help, surged the significance of getting supporting aids throughout your entire keep in hospital. As well as, WHO printed the steering for utilizing disposable medical lifting slings and different gear, relating to the administration of COVID-19 sufferers. These components are anticipated to create enormous progress alternatives for market gamers over the forecast interval.
Furthermore, the prevalence of disabilities can be boosting the demand for the slings. As per the info printed by WHO, round 15% of the world’s inhabitants lives with some type of incapacity. Out of these some 2% to 4% inhabitants expertise difficulties in functioning. Previous individuals of 80 years or above are about eight instances extra prone to have a incapacity. As per the info printed by the U.S. Census Bureau, round 19.9 million individuals had problem in lifting and greedy. All these components are positively influencing the necessity for assistive gadgets like medical lifting slings to acquire mobility.
Medical Lifting Sling Market Segmentation
Grand View Analysis has segmented the worldwide medical lifting sling market on the premise of product, utility, utilization, end-use and area:
Medical Lifting Sling Market – Product Outlook (Income USD Million; 2018 – 2030)
- Nylon Slings
- Padded Slings
- Mesh Slings
- Canvas Slings
- Different Slings
Medical Lifting Sling Market – Software Outlook (Income USD Million; 2018 – 2030)
- Switch Slings
- Common Slings
- Hammock Slings
- Standing Slings
- Seating Slings
- Toileting Slings
- Bariatric Slings
- Different Slings
Medical Lifting Sling Market – Utilization Outlook (Income USD Million; 2018 – 2030)
- Reusable Slings
- Disposable Slings
Medical Lifting Sling Market – Finish-use Outlook (Income USD Million; 2018 – 2030)
- Aged Care
- Different Healthcare Settings
Medical Lifting Sling Market – Regional Outlook (Income, USD Million, 2018 – 2030)
- North America
- Asia Pacific
- South Korea
- Latin America
- Center East & Africa (MEA)
- South Africa
- Saudi Arabia
Checklist of Key Gamers of Medical Lifting Sling Market
- Invacare Company
- Hill-Rom (Baxter)
- Joerns Healthcare LLC
- Argo Medical, Inc.
- Prism Medical
- DJO World
- V.Guldmann A/S
- Spectra Care Group
- Drive Medical Inc.
Take a look at extra associated research printed by Grand View Analysis:
- Medical Imaging Phantom Market – The worldwide medical imaging phantoms market dimension is anticipated to achieve USD 212.4 million by 2027, in keeping with a brand new report by Grand View Analysis, Inc., registering a CAGR of 5.2% from 2020 to 2027. Diagnostic radiology is extensively adopted for precision analysis of mind accidents, most cancers, and different illnesses. As well as, computed tomography (CT) scan and magnetic resonance imaging (MRI) are extensively used methods. These phantoms assist in enhancing the effectivity of those imaging gadgets by serving to medical consultants in detecting, decoding, analyzing, and evaluating info required for therapies. Due to this fact, the rising adoption of those gadgets for the analysis of extreme illnesses is predicted to drive the market progress.
- Medical Billing Outsourcing Market – The worldwide medical billing outsourcing market dimension is predicted to achieve USD 30.2 billion by 2030, exhibiting a CAGR of 12.03% through the forecast interval, in keeping with a brand new report by Grand View Analysis, Inc. The market is pushed primarily by components such because the rising significance of regulatory compliance and danger administration, the rising have to streamline the medical billing course of, and efforts to cut back inner processing prices.
- Medical Carts Market – The worldwide medical carts market dimension is predicted to achieve USD 9.11 billion by 2030 by exhibiting a CAGR of 16.87% through the forecast interval, in keeping with a brand new report by Grand View Analysis, Inc. A rise within the adoption of digital medical data (EMR) in hospitals is predicted to drive the medical carts market. The expansion of the market can be attributed to the rising demand for environment friendly care supply and affected person engagement options in healthcare amenities.
Flick thru Grand View Analysis’s Medical Gadgets Trade Analysis Reviews.
About Grand View Analysis
Grand View Analysis, U.S.-based market analysis and consulting firm, gives syndicated in addition to personalized analysis experiences and consulting companies. Registered in California and headquartered in San Francisco, the corporate contains over 425 analysts and consultants, including greater than 1200 market analysis experiences to its huge database annually. These experiences supply in-depth evaluation on 46 industries throughout 25 main international locations worldwide. With the assistance of an interactive market intelligence platform, Grand View Analysis Helps Fortune 500 corporations and famend educational institutes perceive the worldwide and regional enterprise surroundings and gauge the alternatives that lie forward.
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