The hospitals end-user segment dominated the global medical lifting slings market in 2015. Rising demand for medical lifting slings and favorable government initiatives to train hospital nurses fuel the growth of this segment.
Albany, NY -- (SBWIRE) -- 06/14/2016 -- This report analyzes the current and future prospects of the medical lifting slings market globally. Medical lifting slings are devices used in hospitals and nursing homes to transfer patients who have restricted mobility. The medical lifting slings market is driven by increasing geriatric population as the large group of this population suffer from mobility-related disorders. Medical lifting slings are used to handle or transfer aged people. This is likely to increase utilization of medical lifting slings products. Hence, the global demand for medical lifting slings is likely to increase during the forecast period from 2016 to 2024.
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The market report comprises an elaborate executive summary, which includes a market snapshot that provides information about various segments and sub-segments of the market. It also provides information and data analysis of the global medical lifting slings market with respect to market segments based on the product type, sling point, sling shape and geographic analysis. Based on product type, the global medical lifting slings market has been segmented into bariatric sling, seating sling, stander sling, universal sling, hammock sling, transfer sling, toileting sling and others. Market size estimations involved in-depth study of medical lifting slings by product type, sling point and sling shape. Additionally, market related factors such as increasing preference for technological advancements and improved product design coupled with government subventions are also expected to contribute to the growth of the market in the near future in various geographies and historical year-on-year growth have been taken into consideration while estimating the market size. The market size and forecast in terms of US$ million for each segment has been provided for the period from 2014 to 2024. The report also provides the compound annual growth rate (CAGR %) for each market segment for the forecast period from 2016 to 2024, considering 2014 and 2015 as base years.
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Furthermore, based on geography, the market has been analyzed into major regions, namely, North America, Europe, Asia-Pacific and Rest of the World (RoW). The market size and forecast for each of these regions has been provided for the period from 2014 to 2024, along with their respective CAGRs for the forecast period from 2016 to 2024, considering 2014 and 2015 as base years.
A detailed qualitative analysis of factors responsible for driving and restraining the market growth and future opportunities has been provided in the market overview section. This section of the report also provides with market attractiveness analysis, and a Company share analysis providing a thorough analysis of the overall competitive scenario in the global medical lifting slings market.
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A list of recommendations has been provided for develop combination sling and lifting devices as well as existing market players to assist them in taking strategic initiatives to establish a strong presence in the market. The report also profiles major players in the market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments. The global medical lifting slings market consists small number of companies accounted for majority market share. Major players operating in the global medical lifting slings market are ArjoHuntleigh, Argo Medical, Inc., Bestcare, LLC, Drive DeVilbiss Healthcare, Etac AB, DJO Global, GF Health Products, Inc., Joerns Healthcare, LLC, Invacare Corporation and Prism Medical.
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