Demand in the market for Stair Lifts increases with growing incidence of OA in the geriatric population
The new research report by DataM Intelligence titled ‘Global Stair Lifts Market – Size, Share and Forecast (2019-2026)’ analyses the scope and trends prevailing in this industry.
Stair Lifts Market Dynamics
According to the United Nations, an estimated 10% - 15% of all adults aged over 60 have some degree of osteoarthritis (OA) and forecasts that by 2050 people aged over 60 will account for more than 20% of the world population. According to the World Health Organization (WHO), 2016, more than 650 million adults aged 18 years and older were obese.
So, this growing geriatric population, more prone to diseases such as osteoarthritis (OA) and rising incidences of lifestyle diseases such as obesity is primarily driving the stair lifts market.
Stair Lifts Market Segmentation
Global Stair Lifts Market is segmented by
Rail Type- into Straight Stair Lifts, and Curved Stair Lifts. Straight Stair Lifts holds a significant market share.
Installation Type- into indoor and outdoor stair lifts. The indoor segment dominates the market share owing to increasing demand to be used in residential spaces.
By User Orientation- into Seated Stairlifts, Standing and Perched Stairlifts and Integrated Wheelchair Platform Stairlifts.
Global Stair Lifts Market Geographical Share
North America accounts for the largest share in the global Stair Lifts market. This is because of factors such as increasing awareness among the public regarding benefits of stairlifts, ease of accessibility, growing geriatric population, and rising incidence of obesity.
The Asia-Pacific market is expected to grow at the fastest rate due to the availability of a large patient pool, increasing elderly population and rising disposable income in countries such as China and India.
Stair Lifts Market Competition
To increase user base and improve their Stair Lifts market presence, companies are increasingly launching new and innovative products.
Major Players in the global Stair Lifts market include Acorn Stairlifts Inc., Stannah Stairlifts Ltd., Harmar, Bruno Independent Living Aids Inc., and Platinum Stair Lifts Ltd.
In March 2019, Yorkshire-based Company, Platinum Stairlifts partnered with mobility retailer Dolphin Mobility Yorkshire and Cumbria to become an integral partner for the official launch of the Ultimate Stairlift.
Further information can be obtained by downloading a sample report from the portal below-
The Table of content contained in this report is as under-
1. Stair Lifts Market – Scope and Methodology
2. Stair Lifts Market – Key Trends and Developments
3. Stair Lifts Market – Executive Summary
4. Stair Lifts Market – Market Dynamics
5. Stair Lifts Market – Industry Analysis
6. Stair Lifts Market – By Rail Type
7. Stair Lifts Market – By Installation Type
8. Stair Lifts Market – By User Orientation
9. Stair Lifts Market – By Region
10. Stair Lifts Market – Competitive Landscape
11. Stair Lifts Market – Company Profiles
12. Stair Lifts Market – Premium Insights
13. Stair Lifts Market – DataM
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About DataM Intelligence
DataM Intelligence 4Market Research is a Market Intelligence and Business Research firm, based in India. It aims to bridge the two main aspects of a business decision - opinion and supportive data.
DMI is currently strengthening its cross-industrial database for sectors including Chemicals, Materials, Agriculture, Healthcare Services, Animal Nutrition, Consumer Goods, Food & Beverages, Industrial Machinery and, Automation among others.
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