Brazil Medical Lifting Sling Market Size & Outlook
Brazil medical lifting sling market, 2018-2030 (US$M)
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Brazil medical lifting sling market highlights
- The Brazil medical lifting sling market generated a revenue of USD 27.0 million in 2023 and is expected to reach USD 51.0 million by 2030.
- The Brazil market is expected to grow at a CAGR of 9.5% from 2024 to 2030.
- In terms of segment, nylon slings was the largest revenue generating product in 2023.
- Nylon Slings is the most lucrative product segment registering the fastest growth during the forecast period.
Medical lifting sling market data book summary
| Market revenue in 2023 | USD 27.0 million |
| Market revenue in 2030 | USD 51.0 million |
| Growth rate | 9.5% (CAGR from 2023 to 2030) |
| Largest segment | Nylon slings |
| Fastest growing segment | Nylon Slings |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Nylon Slings, Padded Slings, Mesh Slings, Canvas Slings, Other Slings |
| Key market players worldwide | Arjo AB Class B, Baxter International Inc |
Other key industry trends
- In terms of revenue, Brazil accounted for 2.7% of the global medical lifting sling market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil medical lifting sling market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 37.3 million by 2030.
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Medical Lifting Sling Market Scope
Medical Lifting Sling Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil medical lifting sling market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to medical lifting sling market will help companies and investors design strategic landscapes.
Nylon slings was the largest segment with a revenue share of 29.63% in 2023. Horizon Databook has segmented the Brazil medical lifting sling market based on nylon slings, padded slings, mesh slings, canvas slings, other slings covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil has the second-largest private insurance market by population in the world following the U.S. The Superintendência de Seguros Privados (SUSEP) is composed of 160 companies, out of which 72% of which are insurance companies, 17% are entities that offer open private pension schemes, and 11% companies offer capitalization plans.
In addition, the economic reforms introduced by the Brazilian government in the recent years and the economic stabilization plan had a significant impact on the insurance sector (for life, automotive, and health insurance businesses).
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil medical lifting sling market , including forecasts for subscribers. This country databook contains high-level insights into Brazil medical lifting sling market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil medical lifting sling market size, by product, 2018-2030 (US$M)
Brazil Medical Lifting Sling Market Outlook Share, 2023 & 2030 (US$M)
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