Japan Medical Lifting Sling Market Size & Outlook
Japan medical lifting sling market, 2018-2030 (US$M)
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Japan medical lifting sling market highlights
- The Japan medical lifting sling market generated a revenue of USD 20.4 million in 2023 and is expected to reach USD 37.7 million by 2030.
- The Japan market is expected to grow at a CAGR of 9.1% 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.
Medical lifting sling market data book summary
| Market revenue in 2023 | USD 20.4 million |
| Market revenue in 2030 | USD 37.7 million |
| Growth rate | 9.1% (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, Japan accounted for 2.0% 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 Asia Pacific, China medical lifting sling market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 95.1 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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Japan 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 29.9% in 2023. Horizon Databook has segmented the Japan 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.
Japan is the world’s third-largest spender on health care following the U.S. and China, and spent an estimated amount of USD 480 billion (9.8% of GDP) in 2013, owing to rising aging population and increasing chronic diseases in the country. Increasing population of amputees in the country, especially amongst women is opening up avenues for market players.
In 2015 around 70,000 people were missing the whole leg or part of it due to diabetes, which accounts for about 40% of cases, followed by cancer and traffic accidents. Hence, Japan is anticipated to contribute in driving demand for medical lifting slings over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan medical lifting sling market , including forecasts for subscribers. This country databook contains high-level insights into Japan medical lifting sling market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan medical lifting sling market size, by product, 2018-2030 (US$M)
Japan Medical Lifting Sling Market Outlook Share, 2023 & 2030 (US$M)
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