Market Size of Medical Lifting Slings Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 6.60 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Medical Lifting Sling Market Analysis
The medical lifting slings market may show rapid growth due to the growth in the geriatric population, increasing lifestyle diseases, increasing the number of people suffering from neuromuscular disorders, and the measures taken to prevent overexertion in personnel handling the patients.
The global population has been aging rapidly, owing to reducing birth rates and increasing life expectancy. The number of older people is estimated to increase by nearly 60% in the next 15 years. By 2030, the total number of people above the age of 65 is expected to be more than a billion, i.e., the geriatric population may represent 12% of the global population. By 2050, this number is likely to cross 1.6 billion or 16.7% of the total population.
Therefore, the demographic trend toward an aging population and the rising incidences of chronic diseases have further lead to a longer stay in hospitals, which may increase the demand for medical lifting slings, over the forecast period.
Furthermore, there is a high risk of cross-infection in reusable slings, which has been further impeding the growth of the market studied over the forecast period.
