Medical Lifting Sling Market Is Anticipated To Grow At A Cagr Of 9.6% During 2020-2026

By Author: Lucintel LLC
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The global medical lifting sling market is projected to reach $1.1 billion by 2026, at a CAGR of 9.6% during 2020-2026. The growth of medical lifting sling market is driven by increasing healthcare facilities, aging population, increasing incidences of lifestyle diseases, and high recovery cost of injuries.

Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the medical lifting sling market by product (universal slings, transfer slings, hammock slings, standing slings, seating slings, toilet slings, bariatric slings, and other slings), material (nylon, padded, mesh, canvas, and others), usage (reusable and disposable), end user (home care facilities, hospitals, elderly care facilities, and other end users), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the medical lifting sling market?
Q.4 What are some changing demands of customers in the medical lifting sling market?
Q.5 What ...
... are the new developments in the medical lifting sling market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this medical lifting sling area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this medical lifting sling market?
Emerging trends, which have a direct impact on the dynamics of the industry, include introduction of clip slings and evolution of foam padding universal slings.

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Market Segmentation:
Based on product, the medical lifting sling market is segmented into universal slings, transfer slings, hammock slings, standing slings, seating slings, toilet slings, bariatric slings, and other slings. The transfer slings segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period, due to its multipurpose usage.
North America is expected to be the largest region over the forecast period due to increasing elderly population and rising cases of lifestyle diseases such as diabetes and cardiovascular diseases.
Key Players in the medical lifting sling market are Hill-Rom Holdings, Handicare Group, Invacare Corporation, ArjoHuntleigh, and Guldmann.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
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About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
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Email: brandon.fitzgerald@lucintel.com
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