In a recent published report, Kenneth Research has updated the market report for Medical Lifting Sling Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Medical Lifting Sling Market products.
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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.
Global medical lifting sling market has huge scope and its products are widely adopted across all the geographies. Globally, the demand for medical lifting slings is expected to increase further due to increase in patients suffering from lingering diseases such as CVD, CHD, and diabetes and so on. The awareness has increased over the years and the demand for medical lifting slings is expected to increase further. Global medical lifting slings by product include universal slings, hammock slings, seating slings, standing slings, toileting slings and transfer slings.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Additionally, the patients suffering from lingering diseases or unfortunate accidents are also inclined towards adoption of medical lifting slings. Global medical lifting sling market offers disposable and reusable slings according to the demand. Globally, medical lifting sling market by products is expected huge demand in the transfer slings, universal slings, hammock slings and standing slings. The global market value of the In the present scenario, the global medical lifting sling market is undergoing rapid expansion with the adoption of medical lifting slings and significant expansion in emerging economies.
The key driving forces for the market of medical lifting sling are: Global rise in life style oriented diseases driving the global medical lifting sling market. Global increase in disabilities and disorders are also giving rise to global medical lifting sling market. Rise incidence and prevalence rate of CVD, CHD and other heart diseases are expected to bring huge scope for global medical lifting sling market. Innovation and technological advancement enables the global medical lifting sling market to grow fast. Increase in research and development will give rise to global medical lifting sling market and expected to offer innovative lifting sling into the market.
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“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Companies Mentioned:
1. Arjohuntleigh Inc
2. Hill-Rom Holdings, Inc.
3. Handicare as
4. Joerns Healthcare, LLC
5. Silvalea Ltd.
6. Invacare Corporation
7. Prism Medical Ltd.
8. Guldmann Inc.
9. ETAC AB
10. Spectra Care Group
11. GE healthcare
12. Cortland Inc
13. Osprey sling
14. Antano group Srl
15. Pelican group
16. Winncare group
17. MMO medical
18. Ergolet
19. Etac
20. Meyra Gmbh
21. Human care group
22. Aacurat Gmbh
23. Johnson & Johnson
24. Philips corporation
25. Skytron
26. Biodex
27. XXL REHAB
28. Sidhil
29. Handimove
30. Benmor medical
31. K care healthcare equipment
This Research Report covers
1. Historical data
2. Revenue forecasts, growth rates and CAGR upto 2028
3. Industry Analysis
4. Competitive Analysis
5. Key geographic growth data
6. In-depth profiling of companies
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Key Answers Captured in Report?
- Which geography would have better demand for products/services?
- What are the strategies adopted by big players in the regional market?
- Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
- What is the current & expected market size in the next five years?
- What is the market feasibility for long term investment?
- What opportunity the country would offer for existing and new players in the market?
- What is the risk involved for suppliers in the geography?
- What factors would drive the demand for the product/service in the near future?
- What is the impact analysis of various factors in market growth?
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