Press release
Digitally driven operational insights and efficiencies to boost the Stair Lifts Market
The Stair Lifts Market is expected to grow on an irrevocable note in the upcoming period. The medical landscape is witnessing an influx of at-home diagnostic kits. This trend of on-demand products is likely to take the healthcare vertical by storm in the upcoming period. It has been observed that home kits aid in educating patients and bringing them to the medical visits better prepared, thereby curtailing the time taken for diagnosis. The status quo would help in keeping the healthcare vertical’s cash registers ringing going forward as well.
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The report indicates that the global stair lifts market is expected to reach a market value of over US$ 1,600 Mn by the end of 2025. The market is projected to register a robust CAGR of 6.5% during the forecast period. Over the last decade, stair lifts have witnessed a substantial surge in demand in the U.S and Japan market. This demand is mainly driven by a growing geriatric population. Market players lay emphasis on increasing their product offerings and providing innovative products to achieve competitive edge, specifically over other local players.
Company Profiles:
Acorn Stairlifts Inc.
Stannah International
Savaria Corp.
Handicare Group AB
Lehner Lifttechnik GmbH
Otolift Stairlifts Ltd.
Harmar Mobility LLC
Prism U.K. Medical Limited
Bruno Independent Living Aids, Inc.
Platinum Stair Lifts Ltd.
HIRO LIFT (Hillenkötter + Ronsieck
Kumalift Co., Ltd.
SUGIYASU Co., Ltd.
Symax Lift (China) Co, Ltd.
Qingdao Sinofirst Machinery Co., L
Taamal Seed Electra Group
Gruppo Millepiani S.p.a
Others
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Global Stair Lifts Market: Segmental Analysis
On the basis of region, North America leads the global market with over US$ 420 Mn market revenue expected by the end of 2025, growing at a CAGR of 7.3% during the forecast period. Europe is also expected to emerge as an attractive region during the forecast period.
In terms of rail type, curved stair lifts is projected to have the largest market share by the end of 2025, whereas straight stair lifts is expected to be the fastest growing segment with a growth rate of 7.5% during the forecast period.
Based on install location, the residential spaces segment is ahead of commercial spaces with a higher market share, but the commercial spaces segment is projected to witness a higher growth rate during the forecast period.
On the basis of power source, the direct current segment dominates the global stair lifts market with a projected market value of over US$ 1,300 Mn by the end of 2025, growing at a CAGR of 7.2% by the end of forecast period.
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