Europe Medical Lifting Sling Market Size & Outlook
Europe medical lifting sling market, 2018-2030 (US$M)
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Europe medical lifting sling market highlights
- The Europe medical lifting sling market generated a revenue of USD 319.4 million in 2023.
- The market is expected to grow at a CAGR of 7.1% 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.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 319.4 million |
| Market revenue in 2030 | USD 516.7 million |
| Growth rate | 7.1% (CAGR from 2023 to 2030) |
| Largest segment | Nylon slings |
| Fastest growing segment | Nylon Slings |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Europe region accounted for 31.7% of the global medical lifting sling market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 385.7 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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Europe 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 29.65% in 2023. Horizon Databook has segmented the Europe 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.
Europe includes UK and Germany. This region is expected to dominate the medical lifting slings market due to high expenditure on R&D of medical devices and consistent government support for health care facilities, which results in development of advanced devices. For instance, according to the European Parliamentary Research Service, the EU has a total estimated budget of around USD 128 billion to directly support research and innovation activities between 2014 to 2020.
Europe is home to world-class research and their research centers are used by researchers across the globe. UK has created a world-leading research base. The EU along with individual European countries fund these research activities. The rising prevalence of chronic diseases and the introduction of supportive reimbursement schemes are the vital factors driving the growth of the European medical lifting slings market.
In addition, initiatives by the European government to improve patient care in hospitals for serious illnesses is boosting the demand of medical slings during the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe medical lifting sling market , including forecasts for subscribers. This continent databook contains high-level insights into Europe medical lifting sling market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe medical lifting sling market size, by country, 2018-2030 (US$M)
Europe Medical Lifting Sling Market Outlook Share, 2023 & 2030 (US$M)
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