Stair Lifts And Climbing Devices Industry Overview
The global stair lifts and climbing devices market size is expected to reach USD 3.4 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 8.9% from 2021 to 2028. The factors driving the market include the rising geriatric population and technological innovations.
Stair Lifts And Climbing Devices Market Segmentation
Grand View Research has segmented the global stair lifts and climbing devices market on the basis of device, end-use, and region:
Based on the Devices Insights, the market is segmented into Stair Lifts, Stair Climbing Wheelchairs, Others.
- The stair lifts segment dominated the overall market and accounted for a revenue share of 57.8% in 2020. The old population and disabled people can easily access and move the equipment. More seniors are seeing the value of aging in place, frequently looking for products that allow them to remain independent in their homes.
- They are the perfect solution and include a lot of possible features to meet the needs of users. Besides, its ability to be fitted on almost any staircase makes it more adaptable at home whether indoor or outdoor.
Based on the End-use Insights, the market is segmented into Hospitals, Homecare, Others.
- The homecare segment accounted for the largest share of 64.4% in 2020 and is likely to remain dominant in the coming future. A major factor that influences the stair lifts market for homecare is the ability of the devices to safely and quickly move from one place to another without the help of any other person.
- The hospitals segment is projected to register the fastest growth rate of 9.1% over the forecast period. The stair lift is mainly required for the transportation of patients when going up and downstairs in the hospital. Low mobility entrances and stairs can make it very tricky to gain access to the hospital.
- As per the Disability Discrimination Act (DDA) 2005, it is essential and a legal requirement to have fully functional accessibility systems within the healthcare facility whether a private or public NHS hospital.
Stair Lifts And Climbing Devices Regional Outlook
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East Africa (MEA)
Key Companies Profile Market Share Insights
The companies are improving the product offering by utilizing vital cooperative drives and are involved in acquisitions to grow their client base further and gain a portion of the overall industry.
Some prominent players in the global stair lifts and climbing devices market include
- Brooks Stairlifts
- Stannah
- Handicare Group
- Garaventa Lift
- Acorn Stairlifts
- Platinum Stairlifts
- Bruno Independent Living Aids
- ThyssenKrupp Elevator Technology
- American Elevator
- Precision Stairlifts
Order a free sample PDF of the Stair Lifts And Climbing Devices Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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