Medical Lifting Slings Market Overview and Regional Outlook Study

Transparency Market Research (TMR) has published a new report titled ‘Medical Lifting Slings Market Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027.’ According to the report, the global medical lifting slings market was valued at US$ 520.0 Mn in 2018. The global market is anticipated to reach a value of about US$ 1,350 Mn by 2027, expanding at a single digit CAGR during the forecast period. Increase in geriatric population, rise in people with disability, awareness about the different medical lifting slings, and availability of patient lifting slings in hospitals and other healthcare facilities are expected to augment the global market from 2019 to 2027. The global medical lifting slings market is projected to expand, owing to acceptance and rise in the demand for technological advanced products and better reimbursement policies. Request Brochure of Report - https://www.transparencymarketresearch.com/sample/sample.php? flag=B&rep_id=6559 Increase in the global geriatric population is driving the need for assistive devices like medical lifting slings Rising geriatric population globally is driving the demand for medical lifting slings in order to carry out their daily routine. The geriatric population often experiences difficulty in walking or moving and sometimes, certain chronic diseases affect their mobility, which makes them unable to perform various activities. Consequently, their dependency on medical lifting slings help improve the quality of their lives. Rise in the geriatric population demands better treatment options, which in turn, is likely to provide opportunities to companies that operate in the global medical lifting slings market. According to the United Nations, the geriatric population, or people above the age of 60, is expected to double by 2050 and triple by 2100. It is projected to rise from 962 million in 2017 to 2.1 billion by 2050 and reach 3.1 billion by 2100. Globally, the geriatric population is rising at a rapid pace, as compared to the population growth rate of the younger age group. Rise in obesity and the people with disability worldwide is propelling the global medical lifting slings market Rise in obesity is a key factor driving the medical lifting slings market. As per WHO, in 2016, more than 1.9 billion adults were overweight of which more than 650 million people are obese. Almost 39% of adults above the age of 18 years were overweight and 13% were considered obese. Obesity is prevalent in children and adolescents; however, the disease is preventable if measures are undertaken. Rise in disability, globally, is another factor that drives the demand for assisted patient handling devices globally. As per WHO, 15% of the world population is expected to suffer from some form of disability, with 2% to 4% of the global population experiencing major difficulties in functioning. Request for Analysis of COVID-19 Impact on Medical Lifting Slings Market https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=6559 Europe dominates the global medical lifting slings market owing to rise in awareness, technological advancements, and aging baby boomers Presence of key players in the region, rising incidences of chronic diseases, growing geriatric population, awareness of technological advancements, increase in obese population, and strong reimbursement policies are key factors attributable for Europe to be a leading market. Regulations for medical lifting slings by governments in Europe are favorable toward patients, which in turn is driving the market in the

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