Germany Medical Lifting Sling Market Size & Outlook
Germany medical lifting sling market, 2018-2030 (US$M)
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Germany medical lifting sling market highlights
- The Germany medical lifting sling market generated a revenue of USD 56.7 million in 2023 and is expected to reach USD 92.0 million by 2030.
- The Germany market is expected to grow at a CAGR of 7.2% 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 56.7 million |
| Market revenue in 2030 | USD 92.0 million |
| Growth rate | 7.2% (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, Germany accounted for 5.6% 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 Europe, Germany medical lifting sling market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 92.0 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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Germany 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 Germany 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.
Germany is the world’s third largest provider of medical technology products, following the U.S. and Japan. In addition, continuous investment in research and innovation by medical device manufacturers in Germany is expected to contribute significantly to the European medical lifting slings market.
For instance, approximately 1,200 companies are active in the medical technology sector and invest around nine percent of their turnover in R&D.
Germany has more than 11,000 medical device manufacturers and is home to more than 30 specialized cluster networks for continuous innovation in R&D along with manufacturing by linking companies, universities, hospitals, and other research institutes.
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Our clientele includes a mix of medical lifting sling market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany medical lifting sling market , including forecasts for subscribers. This country databook contains high-level insights into Germany medical lifting sling market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany medical lifting sling market size, by product, 2018-2030 (US$M)
Germany Medical Lifting Sling Market Outlook Share, 2023 & 2030 (US$M)
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