Press release
Stair Lifts Market: Segment Snapshot and Table of Content (2016-2024)
Common challenges facing the global geriatric population include chronic diseases, instances of falling due to vertigo and dizziness, mental deterioration, and reduced mobility caused by age-related issues. Around 92% of the global geriatric population commonly suffers from chronic diseases such as heart disease, cancer, stroke, and diabetes. According to the National Council on Aging, every 15 seconds an elderly person is treated in the emergency room as a result of falling. Stair lifts have proven to be an essential mobility devices among the geriatric and disabled population, leading to high adoption rates. Growth of the global stair lifts market is fueled by increasing awareness about accessibility and mobility devices and technological advancements in the industry.
The global Stair Lifts market is segmented on the basis of expression system, product type, application, end user and region.
By product type, the stair lifts market is segmented into straight stair lift, curved stair lift, and standing stair lift. Straight stair lift segment is estimated to account for highest revenue share in 2016, which is expected to increase over the forecast period. Standing stair lift segment is expected to witness sluggish growth over the forecast period due to relatively higher adoption of straight and curved stair lifts.
On the basis of modality, the stair lifts market is segmented into indoor and outdoor. Indoor modality segment is expected to witness high growth in terms of value due to increasing adoption in indoor facilities such as homes and healthcare facilities.
By mode of operation, the global stair lifts market is segmented into alternating current (AC) and battery. Battery segment is anticipated to register high CAGR over the forecast period due to ease of operation and frequent power outages in developing countries.
On the basis of end user, the stair lifts market is segmented into healthcare facilities and home care settings. Home care settings segment is expected to create robust growth opportunities owing to increasing adoption of stair lifts in home settings.
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Summary of Table of Content
1. Executive Summary
2. Assumptions and Acronyms
3. Research Methodology
4. Stair Lifts Market Overview
5. Global Stair Lifts Market Analysis, By Product Type
6. Global Stair Lifts Market Analysis, By Modality
7. Global Stair Lifts Market Analysis, By Mode of Operation
8. Global Stair Lifts Market Analysis, By End User
9. Global Stair Lifts Market Analysis, By Region
10. North America Stair Lifts Market Analysis
11. Latin America Stair Lifts Market Analysis
12. Europe Stair Lifts Market Analysis
13. APAC Stair Lifts Market Analysis
14. MEA Stair Lifts Market Analysis
15. Competition Landscape
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