openPR Logo
Press release

US accounted for major market share in the stairlift market with 32.51% in 2016

07-17-2017 11:48 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Beige Market Intelligence

US To Be The Largest Market For Global Stairlift Market during 2017-2022

US To Be The Largest Market For Global Stairlift Market during 2017-2022

In 2016, the stairlift market in US accounted for 32.51% market share driven by improved healthcare facilities and availability of efficient and innovative stairlift products. The market in US is also driven due to increase in lifestyle-related diseases and reimbursement in insurance infrastructure.”

According to a recently published report by Beige Market Intelligence, the global stairlift market is likely to witness tremendous growth during the forecast period 2016–2022. The analysts say that the market is expected to grow at an impressive CAGR of more than 8% during the forecast period. The 104-page report titled “Global Stair Lift Market – Strategic Assessment and Forecast 2017-2022” provides detailed insights about the global stairlift market.

View report: Global Stair Lift Market – Strategic Assessment and Forecast 2017–2022

Major drivers for this growth are aging population, increased incidence of lifestyle diseases such as obesity, and rise in osteoarthritis among aging population. The demand is also driven due to innovation and product development, resulting in a broad range of customized offerings that are not only turning out to be ergonomic in design and installation but also are offering better functionality and safety features at nominal prices.
The report provides a holistic view of the market share of leading segments, major regions contributing significant revenue to the global market and also offers a detailed scenario of the expected market size and growth in different region.

Order a free sample:

Stairlift Market in North America

The demand for stairlifts in the North America region is majorly driven by high awareness, better product availability, and extensive reach of innovative products. The same is also further reinforced by the presence of connected and sophisticated delivery and distribution network.
The stairlift market in North America ranks ahead of others in terms of innovation and standards in the region and paves well for product development and market structure, wherein the competition is limited and is often termed to be more based on customer centricity, range and service, and low price.

Stairlift Market in US

The US is the largest market in terms of revenue generated not only for the stairlift market but also for the mobility-assistance and devices market.
Rising geriatric population and increasing incidence of disability and obesity in the US are major factors driving the demand for mobility-assisting equipment in the region. Also, the presence of leading manufacturers of mobility-assisting equipment, including wheelchairs, mobility scooters, chair lifts in the region further contributes to the growth of the market in the region.

The stairlift market has started to take off as the inevitable wave of baby-boomers begins to expand. As the market for general mobility devices, including wheelchairs and mobility scooters starts to grow, the market has not only turned to be lucrative for growth but also invite the entry of new vendors, who, in turn, start to innovate on various other mobility devices, including platform lifts, power chair lifts, stairlifts, and residential escalators.
The report also includes top trends, growth driving factors and leading players in the market.

Browse Related Report

Global Mobility Scooter Market – Strategic Assessment and Forecast – Till 2021

Global Vision Care Market (Eye Glasses and Contact Lenses) – Strategic Assessment and Forecast 2017-2022

Source Link:

About Beige Market Intelligence

Beige Market Intelligence provides competitive and insightful business intelligence across various industry verticals. Our expertise and knowledge ensures that the analysis provided is comprehensive, detailed, and complete. The analysis helps our client organizations to make insightful decisions and devise innovative marketing strategies for their businesses. The actionable insights delivered through our research reports provide a comprehensive market analysis at every level of market segmentation in the industry.
Our team of experts ensure the analysis is not just analyzed and presented but also customized depending upon the client’s requirement. When it comes to competitive intelligence, we ensure our clients do not look beyond us.
Our employment base is spread across the globe. Our analysts come with a wide industry experience, which includes understanding the client's requirement and delivering high-quality research reports.

Beige Market Intelligence
BTM , Bangalore - 560076

US: +1 347 903 9949
UK: +44 20 323 99499
APAC: +91 99 012 75473

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release US accounted for major market share in the stairlift market with 32.51% in 2016 here

News-ID: 626765 • Views: 707

More Releases from Beige Market Intelligence

Growing Adoption of Industrial IoT to drive Global Industrial Cleaning Robot Mar …
Increasing application of IoT in industries worldwide is likely to affect the sale of industrial cleaning robots in a positive manner, and the market is expected to witness high demand for industrial robots during the period 2016−2022 A recent report on Global Industrial Cleaning Robot Market – Strategic Assessment and Forecast 2017-2022, states that the industrial cleaning robot market is going to witness unit shipment of more than 34,260 units during
Global Stair Lift Market Likely to Grow at a CAGR of 8% during 2016–2022
The report Global Stair Lift Market - Strategic Assessment and Forecast 2017-2022, considers the present scenario of the market and its strategic assessment for the period 2017−2022. It includes a detailed study of market drivers, trends, and restraints. It also profiles leading five vendors and ten other prominent vendors in the market. The report provides the analysis of key segments of the market in terms of following segments: By
Voice-first technology is making a significant impact on consumers worldwide
In the future consumer technology products will be designed around voice-first interfaces According to the report by Beige Market Intelligence, Global Smart Home Hub Market – Strategic Assessment and Forecast 2017-2022, the voice first technology is going to drive the global smart home hub market. Across the world, consumers always prefer to seek products that make their lives convenient and simple. They strive for technology-driven products and services that can help

All 4 Releases

More Releases for Stair

Stair Trucks Market Size by 2020-2025
Scope of the Report: The worldwide market for Stair Trucks?is expected to grow at a CAGR of roughly x% over the next five years, will reach x million US$ in 2024, from x million US$ in 2019, according to a new Global Info Research?study. The report presents the market outlook for the Indian Phospho Gypsum product from the year 2019 to the year 2025. The report provides a definition of the product.
Stair Lift Market to reach USD 1228.43 million by 2025 | Platinum Stair lifts, H …
Comprehensive analysis of 'Stair Lift market' with detailed information of Product Types, Applications & Key Players such as Platinum Stair lifts, Harmar Mobility LLC, Bruno Independent Living Aids Inc., ThyssenKrupp Accessibility BV, Stannah Lifts Holdings Ltd. Download Free Sample Copy of 'Stair Lift market' Report @ The report provides in-depth analysis of market segments that covers perfect Market definitions, latest trends, market size, and status, revenue by region, classifications, manufacturing
Stair Lifts Market Analysis to 2025 with Savaria, Handicare, Platinum Stair Lift …
Up Market Research recently introduced new title on “Global Stair Lifts Market 2019-2025 Report” that provides an in-depth overview of industry and competitive landscape, covering multiple market segments and elaborates market outlook and status to 2025. Request Sample Copy Of this Report @ Stair Lifts Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview
Stair Lift Market 2024 | Stannah Stairlifts Ltd. Acorn Stairlifts, Inc. ThyssenK …
Stair Lift Market Overview: A stairlift is used for transporting people over stairway who are unable or have problem with climbing the stairs. Such lifts are normally used by elderly people or patients. The stairlifts are installed on rails which are either straight or curved. A stairlift is typically an assembly of rail, seat and motor (A.C.or D.C). In terms of application, straight stair lift is used for single floor or
Straight Stair Lifts to Witness Higher Demand in the Global Stair Lifts Market D …
Global Stair Lifts Market: Overview Stair lifts are a mechanical setup that aims to help disabled people. This is a chair or platform that is motorized to travel along the rail or track guided along the stairway. A new research based on these lifts by Persistence Market Research is titled ‘Stair Lifts Market: Global Industry Analysis 2012 –2016 and Forecast 2017 – 2025’. This comprehensive research is intended to guide people
Stair Lifts Market By Rail Type (Curved Stair Lifts, Straight Stair Lifts, Platf …
Industry Outlook and Trend Analysis The Stair Lifts Market has encountered significant development over the recent years and is anticipated to grow tremendously over the forecast period. Stair lift, normally utilized in healthcare facilities or home care settings, are mechanized seats which keep running along a rail or track and are fueled by batteries or current so they can work even at times of power cuts. Stair lifts for