Lift Chair Market 2023 Size, Share, Growth & SWOT Analysis of key players: Golden Technologies, Franklin Corporation, Pride Mobility Products Corp, La-Z-Boy Incorporated, Jackson Furniture Industries, Med-Lift, Ashley Furniture Industries

A powered recliner that assists a person in standing up and sitting down is known as a lift chair. Lift chairs are especially helpful for people who struggle to stand and sit down from a seated position because of physical limitations, mobility concerns, or age-related health issues. Lift chairs have an electric motor that gently and safely raises and reclines the chair, facilitating standing up or sitting down for the user. Additionally, these chairs offer cosy seating and can be customised with a number of features, including headrests, heat, massage, and side pockets for remote controls and books.

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The market for lift chairs is being driven by an ageing population, an increase in mobility problems and disabilities, and a growing awareness among medical professionals of the benefits of lift chairs for people who find it difficult to stand up from a seated position. The demand for lift chairs will increase as more people become aware of the many advantages they provide, including improved safety, comfort, convenience, and independence. Additionally, a lot of health insurance plans typically cover lift chairs, making them more affordable for many customers.

Lift chairs' rising popularity, the availability of cutting-edge products, and the expansion of health insurance plans' coverage of these products are all factors in this growth. These factors have led to an increase in the number of people who are aware of the numerous advantages lift chairs can provide, including improved safety, comfort, convenience, and independence.

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During the anticipated time, the 3-position lift chair type will expand at the fastest pace. Users of three-position lift chairs can stretch out while seated thanks to the chair's three reclining positions. Due to their ability to adjust the user's body in a safe and comfortable manner, they are especially beneficial for users who experience back pain or have mobility problems. Furthermore, compared to other lift chair types, 3-position lift chairs allow for a wider range of reclining positions, enabling users to sit more naturally.

Among the applications, the Household Segment is expected to rule the market for the anticipated period of time. Due to the increasing demand for lift chairs in residential settings and their increased comfort and convenience, the Household Segment dominates the Lift Chair Market. Lift chairs are a desirable option for many households because they have been shown to improve general health and mobility for people with limited mobility. It is not surprising that more and more people are becoming aware of the various advantages lift chairs offer, including enhanced safety, comfort, convenience, and independence.

According to regional projections, North America will see the largest growth rate due to variables including the availability of high-tech lift chairs and health insurance policies that cover them. Additionally, an ageing population and their growing need for medical help, along with the region's existing healthcare infrastructure, are anticipated to support the expansion of the North American lift chair market. This is due to the predicted unprecedented growth of the older population in North America, which will increase demand for lift chairs, which provide several advantages that can help improve their safety, comfort, and independence.

A power recliner with adjustable positions that offer maximum comfort and support, the Cirrus 3-Position Lift Chair was introduced by American manufacturer Golden Technologies in January 2022. The chair is made to accommodate those with limited mobility, such as elderly people or people with chronic pain. The Comforter 3-Position Lift Chair, which has several ergonomic features such as adjustable headrests, armrests, and footrests, was introduced in March 2022 by Pride Mobility Products Corporation. This is important because it demonstrates the rise in demand for lift chairs, which are becoming more and more common in North America due to their many advantages.

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