Medical Lifting Sling Global Market Report 2024

The medical lifting sling market size has grown rapidly in recent years. It will grow from $1.41 billion in 2023 to $1.57 billion in 2024 at a compound annual growth rate (CAGR) of 11.7%. The growth observed during the historic period can be attributed to several factors, including the rise in the elderly population, an increasing number of people with disabilities, investments in healthcare infrastructure, heightened research and development activities, and increased awareness and training initiatives.

The medical lifting sling market size is expected to see rapid growth in the next few years. It will grow to $2.46 billion in 2028 at a compound annual growth rate (CAGR) of 11.9%. The anticipated growth in the forecast period can be attributed to several factors, including the expansion of home healthcare services, the rise in chronic diseases, the increasing adoption of government policies supporting healthcare, the growing prevalence of obesity, and the rising number of vehicular accidents leading to mobility challenges. Major trends expected during this period include the integration of smart technologies into lifting sling systems, ongoing technological advancements, product innovations catering to diverse needs, a rising demand for customized and personalized lifting slings, and a growing trend towards the use of eco-friendly and sustainable materials in sling manufacturing.

The rise in musculoskeletal conditions is expected to fuel growth in the medical lifting slings market. These conditions encompass injuries or disorders affecting the body's movement or musculoskeletal system and are influenced by factors such as sedentary lifestyles, an aging population, poor diet, smoking, and excessive alcohol use. Medical lifting slings play a crucial role in managing and preventing musculoskeletal disorders by easing physical strain on caregivers, enhancing patient mobility and safety, aiding in rehabilitation, and promoting patient independence. For example, as of December 2022, Osteopaths For Industry Ltd. reported 477,000 work-related musculoskeletal disorder cases in 2021-2022, highlighting the driving force behind the medical lifting slings market's growth.

Key players in the medical lifting slings sector are innovating patient lift solutions to enhance safety, comfort, and efficiency in patient transfers. These solutions also aim to reduce caregiver strain and support the independence of patients with mobility challenges. Patient lift solutions involve mechanical devices and systems designed for safe patient lifting, transferring, and repositioning, often utilizing slings or harnesses for support during movement. For instance, in May 2022, Invacare Corporation introduced the Birdie Evo XPLUS patient lift, tailored for post-acute care environments, featuring modern design elements and technology for enhanced comfort and security during patient handling. Unique features such as the Slow R Integrated Dampener address safety challenges, while an ergonomic sling hook prevents unintended sling loop slippage.

In March 2022, Charme Capital Partners acquired Prism Healthcare Ltd. to bolster its healthcare group's capabilities and invest in UK manufacturing for medical lifting slings. Prism Healthcare Ltd. specializes in patient lift slings and related products.

Major companies operating in the medical lifting sling market are Medline Industries LP, Stryker Corporation, Hill-Rom Holdings Inc., DJO Global Inc., Arjo AB, Sunrise Medical Inc., Savaria Corporation, Invacare Corporation, Etac Ab, Drive Medical Inc., Joerns Healthcare, Handicare Group AB, FRT Manufacturing & Trading Co. Pte Ltd., Vive Health, Guldmann Inc., Winncare Group, Mangar Health Limited, Prism Healthcare Ltd., Morecare, HME Ltd., HoverTech International, Vitality Medical, Silvalea Ltd., Bestcare LLC, SCALEO Medical, Pelican Manufacturing Pty Ltd.

Europe was the largest region in the medical lifting sling market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical lifting sling market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the medical lifting sling market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A medical lifting sling is a tool utilized in healthcare settings to aid in the safe lifting, transferring, and repositioning of patients with limited mobility. These slings are crafted from robust, washable materials and are engineered to securely support the patient's body during lifting operations conducted by a mechanical hoist or lift. Medical lifting slings play a critical role in mitigating the risk of injuries for both patients and caregivers, and they are widely deployed in hospitals, nursing homes, and home care settings.

The primary types of medical lifting slings include nylon slings, padded slings, mesh slings, canvas slings, and others. Nylon slings, for instance, are constructed from nylon material known for its durability and resistance to wear and tear. These slings find diverse applications such as bariatric support, hammock-style lifts, seating assistance, standing aids, toileting assistance, transfer aids, universal use, and more. They are utilized by various end users including hospitals, home care services, elderly care facilities, and other healthcare environments.

The medical lifting slings market research report is one of a series of new reports that provides medical lifting slings market statistics, including the medical lifting slings industry global market size, regional shares, competitors with medical lifting slings market share, detailed medical lifting slings market segments, market trends, and opportunities, and any further data you may need to thrive in the medical lifting slings industry. This medical lifting slings market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The medical lifting sling market consists of sales of full-body patient lift slings, sit-to-stand padded slings, and high-back slings. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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