Lift Chair Market 2019 Comprehensive Study Explores Huge Growth in Future with Leading Key Players - Franklin Corporation, Pride Mobility, Jackson Furniture, Golden Technologies, Med-Lift, La-Z-Boy, Ashley Furniture, Best Chairs, Ultimate Power Recliner,

The “Lift Chair Market to 2025 – Global Analysis and Forecasts by Type and End-users” report provides a detailed overview of the major factors impacting the global market with the market share analysis and revenues of various sub segments

“Lift Chair Market 2019” report gives distinctive insights worldwide market competition for Lift Chair. Focusing on objectives of this report is to categorize dynamics of the market and to supply latest updates like mergers and acquisitions, numerous technological developments, new entrants within the market, that create an impression on totally different segments of the Lift Chair market.

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About the Lift Chair Market:

The global lift chair market size is estimated to be worth USD 34.20 billion by 2025. The growing aging population and changing demographics are the main factors driving the global lift chair market growth. In the coming years, technological advances, improved functionality of modern lift chairs, high adaptability of modern designs among young people and increasing purchasing power are expected to impact the global lift chair market demand.

Top Key Players of Lift Chair market
Franklin Corporation, Pride Mobility, Jackson Furniture, Golden Technologies, Med-Lift, La-Z-Boy, Ashley Furniture, Best Chairs, Ultimate Power Recliner, Seminar Components

Scope of the Report (Overlook 2019-2025):

Lift chairs are very helpful mobility aids for patients who have recently undergone surgery. Post-surgery soreness and discomfort can make basic mobility difficult. A lift chair is a practical and affordable tool that can make the recovery process easier for both the patient and the caregiver. Lift chair on the market offer various features such as posture-correct lumbar and lateral cushioning, easy suspension wire-spring construction, and antibacterial easy polyvinyl cleaning among others. Increasing number of private as well as public healthcare facilities across the globe is leading to surged demand. Safety is another major concern for the patients in hospitals. A lift chair helps in taking off that burden of the caregiver by helping the patient function independently. These factors have fueled lift chair market demand in hospitals.

Based on type, 3-position lift chair is projected to grow at a CAGR of 7.3% during the forecast period. 3 position lifting chairs can be placed in the sitting position, 15 degree reclining position, 45 degree reclining position and up position. These three positions offer a lot of versatility. The price of a 3-position elevator chair is generally lower than that of an infinite position lift chair. They also offer the advantage of reclining to 180 degrees (perfectly flat), thus, offering comfort over longer period of time. Some of these chairs also include backup power sources so that it can be used during power outage. These factors have propelled the demand for 3-position lift chairs across the globe.

Household dominated the global lift chair market in 2017 and is projected to be the fastest growing application in the near future with an estimated market share of 84.3% by 2025. People who struggle with leg or back weakness benefit from lift chairs as it promotes independence by allowing them to stay at home without the help of others to stay active and move. Lift chairs have an enormous impact not only on people with physical disabilities, but also on their families. Another factor that increases the demand for the lift chair market in household applications is increasing government support to provide financial assistance for mobility aid. For instance, medical and assistive devices are exempted from Harmonized Sales Tax (HST), though lift chairs require a written prescription from a medical practitioner. The medical coverage provided by various governments have created enormous potential for lift chair market growth in household segment across the globe.

North America is projected to generate sales more than USD 10 billion by 2025. The US is expected to hold major lift chair market share in North American region. The increasing aging population in the US is one of the primary factors surging the lift chair demand in the region. Elderly and long-term care quickly become one of the most disastrous challenges in healthcare. According to the Population Reference Bureau report, the number of Americans over 65 years of age are expected to double from approximately 50 million today to almost 100 million by 2060. This has necessitated the need for lift chairs as mobility and independence are essential for elderly to live a high quality life. This factor has led to the increased demand for lift chairs in the region. Rapid advancements in healthcare infrastructure in the region has also contributed towards the regional growth. Furthermore, the introduction of innovative products by the key players is driving the global lift chair market growth in the region.

Key segments of the global lift chair market

Type Overview, 2015-2025 (USD Million)
• 2-position lift chair
• 3-position lift chair
• Infinite position lift chair
• Zero gravity position lift chair

End-Use Industry Overview, 2015-2025 (USD Million)
• Household
• Hospital

Table of Contents
1. Executive Summary
2. Research Methodology
3. Market Outlook
4. Global Lift Chair Market Overview, By Type
5. Global Lift Chair Market Overview, By End-use Industry
6. Global Lift Chair Market Overview, By Region
7. Company Profiles

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