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Global Stairlifts Market | Outlook, and Opportunity Analysis, 2017–2025
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Furthermore, factors such as ease of accessibility, low cost of installation, rise in geriatric population and aging-related health conditions such as hip fractures, traumatic brain injuries, Vitamin D deficiency, vision problems or lower body weakness. According to World Population Ageing Report 2015, the number of people in the world aged 60 years or over are projected to grow by 56%, from 901 million to 1.4 billion from 2015 to 2030. Straight rails are used on domestic staircase usually made up of aluminum or steel. Whereas, carriage is also an important component which moves along the rail and normally runs on small diameter roller. Stairlifts carriage include seat with arms and a footrest which has special platform known as “perch” seat for the users with shorter legs to make the stairlifts more comfortable to sit on. Stairlifts carriage can also be customized according to needs of individual, additionally stairlifts are controlled by using a control on the arm of the lift and to satisfy the safety codes stairlifts have cut-out switches connected to safety edges and also other protective devices are provided.
Rising global geriatric population fuels the growth of global stairlifts market
Common problems faced by geriatric population include instances of falling due to vertigo or dizziness, metal deterioration, chronic diseases and reduced mobility caused due to age-related issue. According to W.H.O falls are the second leading cause of accident or unintentional injury which leads to death of people worldwide whereas adults older than 65 years suffer the greatest number of fatal falls. Furthermore, every 11 seconds, an older adult is treated in emergency room for a fall and every 19 minutes, an elderly person dies from a fall according to National Council on Aging. Where stairlifts is proving to be an essential mobility devices among the disabled people and geriatric population.
Regional growth engines of stairlifts market
There are about 18.2 million people unable to walk in U.S. according to Centers for Disease and Prevention (CDC) in year 2015 which is expected to boost the market of stairlifts market in U.S. Whereas North America is also seen to increase the market of stairlifts due to rise in geriatric population and also due to advancement in technological development for mobility device marketing. Older people had 18.9% share in Europe according to Eurostat in 2015 which as increased by 0.4% by previous year 2014 which indicates that there will be significant increase in stairlifts market in Europe. Decrease in its installation cost favors the growth in Asia Pacific market of stairlifts.
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Key players supporting the growth factor of stairlifts market
Key players operating in the global stairlifts market include Acorn Stairlifts, Bruno Independent Living Aids, Stannah Stairlifts Ltd., Inc, and Handicare. Leading brands available in the market include, Siena, Handicare Van Gogh, Starla, Elan Indoor Straight, and Acorn Superglide 120.
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