Report ID: UCMIG35A2240
Report ID:
UCMIG35A2240 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The medical lifting sling market has been valued at USD 814.8 million in 2021, and it is expected to witness a compound annual growth rate (CAGR) of 8.5% from 2022 to 2030. The growth of the market can be attributed to the rising prevalence of chronic ailments, which require long-term care, leading to an increase in the usage of medical lifting slings. The growing geriatric population and the rising number of physically disabled individuals also contribute to the growing demand for medical lifting slings. Furthermore, the outbreak of the COVID-19 pandemic in 2020 has had a positive impact on the market growth.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Equipment by segment aggregation, the contribution of the Health Care Equipment in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG35A2240