Published on : May 17, 2016
Of late, the global market for medical lifting slings has been witnessing an exponential rise in its valuation. Several governments across the world are implementing various regulations to promote safe patient handling and mobility (SPHM) programs in the global arena, which is propelling the demand for medical lifting slings significantly.
Medical Lifting Slings Markets in North America and Europe Boosted by Favorable Government Policies
Europe, Asia Pacific, North America, and the Rest of the World are the major regional markets for medical lifting slings. The leading position in this market has been occupied by Europe since the last few years. North America has emerged second in the overall market.
The favorable regulations by several governments in this region, promoting automated patient handling, and the increasing uptake of slings and lifts in nursing homes, hospitals, and healthcare centers, driving the markets for medical lifting slings in these regions. The increasing pool of patients, stimulated by the rising base of geriatric population and the growing economic prosperity of people in these regions are other important factors behind the growth of the market for medical lifting slings in North America and Europe.
Asia Pacific Surfaces as Most Promising Market for Medical Lifting Slings
Asia Pacific has surfaced as the most promising market for medical lifting slings across the world in the recent times. The increase in spending power people in this region has enabled them to afford high healthcare expenses, thereby fueling the demand for medical lifts and slings substantially. Along with this, the escalating base of geriatric population in Asian nations such as South Korea, Singapore, and Japan is also projected to stimulate the demand for these slings over the coming years.
Argo Medical Inc., Joerns Healthcare LLC, ArjoHuntleigh, Drive DeVilbiss Healthcare, DJO Global, GF Health Products Inc., Invacare Corp., Bestcare LLC, Etac AB, and Prism Medical are some of the major producers of medical lifting slings across the world.