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Stairlifts Market Development Activities by Top players Acorn Stairlifts, Bruno Independent Living Aids, Stannah Stairlifts Ltd

07-20-2021 10:39 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Coherent Market Insights

Stairlifts Market

Stairlifts Market

Stairlifts are mobility devices that are used by individuals who are unable to move properly, and by those with certain inabilities. Stairlifts are useful for individuals with limited mobility to travel easily from one floor to another in multi-floor premises. The worldwide stairlift market is expected to urge a significant growth during the forecast period. Owing to increase in use of stairlifts in public spaces and business premises, hospitals and clinics, and residential buildings.

Key players operating in the global stairlift market are focusing on acquisitions and collaborations in order to increase their market presence and expanding their product portfolio, is expected to propel the market growth over the forecast period. For instance, in December 2018, Limerston Capital, a U.K based private equity firm, acquired Prism Medical UK (Prism). Prism specializes in moving, handling and bathing equipment for elderly, disabled and mobility disadvantaged clients. With this acquisition Limerston Capital, has expanded its mobility devices business unit and market share.

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Continuous technological advancement and launch of innovative stairlifts is expected to drive the market growth over the forecast period. For instance, in July 2019, MediTek Ltd. launched the MediTek E120 Essential Stairlift. It is integrated with advanced features such as joystick control, manual swivel lever, Intelligent Control and Diagnostic System (ICS), continuous charging strip and others.

In January 2018, Harmar Mobility LLC announced the launch of Pinnacle SL300 straight stair lift. The newest Pinnacle Harmar’s SL600 and SL600HD is integrated with compact dimensions, lengthy operation during power outages and the automatic/mechanical folding rail options. These some of the benefits continued in the SL300 along with SL600 and SL600 HD.

However, increasing product recalls and stringent regulatory guidelines for product launch and product approvals, are expected to hamper growth of the market over the forecast period. For instance, in July 2015, Acorn Stairlifts recalled around 34,500 units of its Motorized Stair Lifts due to issues such as the seat post separating from the main seat support in the United Kingdom.

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Key players operating in the market are focusing on strategic investments in order to develop new products and expand their product portfolio to increase their market positioning. For instance, In February 2018, Stairlift manufacturer Platinum Stairlifts received investment from private equity firm, NorthEdge Capital, for development of new products and improve its proposition for distributors.

Detailed Segmentation:

Global Stairlifts Market, By Product Type:
Straight Stairlifts
Curved Stairlifts
Standing Stairlifts
Global Stairlifts Market, By Modality Type:
Indoor
Outdoor
Global Stairlifts Market, By Operation Mode:
Alternating Current
Direct Current
Global Stairlifts Market, By End User:
Health Care Facilities
Home Care Settings
Others

Note – In order to provide more accurate Market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.

Actual Numbers & In-Depth Analysis of Global Stairlifts Market Size Estimation and Trends Available in Full Version of the Report.

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About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies, to not-for-profit organization, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.

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