Latin America Medical Lifting Sling Market Size & Outlook
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Latin America medical lifting sling market highlights
- The Latin America medical lifting sling market generated a revenue of USD 85.8 million in 2023.
- The market is expected to grow at a CAGR of 9% 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, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 85.8 million |
| Market revenue in 2030 | USD 157.3 million |
| Growth rate | 9% (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, Latin America region accounted for 8.5% 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 |
|---|---|---|---|---|
| Baxter International Inc | View profile | 60000 | One Baxter Parkway, Deerfield, IL, United States, 60015 | https://www.baxter.com |
| Arjo AB Class B | View profile | 6711 | Hans Michelsensgatan 10, Malmo, Sweden, SE-211 20 | https://www.arjo.com |
Latin America 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 29.72% in 2023. Horizon Databook has segmented the Latin America 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.
The market in Latin America is expected to show lucrative growth over the forecast period. The increasing government spending, increasing per capita health spending, and initiatives by the WHO and government are expected to boost market growth in Latin America.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America medical lifting sling market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America medical lifting sling market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America medical lifting sling market size, by country, 2018-2030 (US$M)
Latin America Medical Lifting Sling Market Outlook Share, 2023 & 2030 (US$M)
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