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The Increase in Adoption of Stair Lifts Disabled & Geriatric Patient Population Coupled with Medicaid & Private Insurance is Set to Drive Global Stair Lift Market Over the Forecast Period: Ken Research
June 2019

Stair lifts are the mobility devices which are used by the aged and disabled people for the vertical mobility. The stair lift devices are the chair or platform devices which facilitates the traveling between the floors and the high-rise buildings efficiently. The carrier (chair or platform) is chosen based on the consumer necessity & feasibility of the installation. However, the installation itself is a vital part, which requires design considerations and handy calculations depending on the space availability. It finds its major application in hospitals & clinics, residential buildings and the commercial spaces for instance shopping malls and offices. The installation form associated with these places dependents upon the footfalls and the curvature of the stairs & the building architecture. The global stair devices are easy to operate and have many features such as flip-up rail, safety belt or harness, swivel seat, rechargeable batteries, limit sensors handheld controller, and call stations.

According to study, “Global Stair Lift Market Size study, by Application (Residential, Medicare Areas, Public Places), by Product (Straight Stair Lifts, Curved Stair Lifts) and Regional Forecasts 2018-2025” some of the other major companies that are currently operating in the global stair lift market are Access BDD, DID – Daido, Harmar Mobility LLC, MediTek, ThyssenKrupp AG, Otolift Stairlifts Ltd., Stannah, Handicare Group AB, Acorn, Savaria Corp., Lehner Lifttechnik GmbH, Prism U.K. Medical Limited, Bruno Independent Living Aids, Inc., HIRO LIFT (Hillenkötter + Ronsieck GmbH), SUGIYASU Co., Ltd., Kumalift Co., Ltd., Symax Lift (China) Co, Ltd., Taamal Seed Electra Group, Qingdao Sinofirst Machinery Co., Ltd., Gruppo Millepiani S.p.a, Platinum Stair Lifts Ltd.

Based on the rail orientation, global stair lift market is segmented into straight stair lifts and curved stair lifts. Based on installation, market is segmented into outdoor stair lifts and indoor stair lifts. Based on the user orientation, market is segmented into standing & perched stair lifts, seated stair lifts and integrated wheelchair platform stair lifts. Based on the mode of operation, market is segmented into battery mode and alternating current.

The global stair left market is primarily driven by the increased adoption of stair lifts disabled & geriatric patient population. The other key driving factors are include the Medicaid & private insurance enabling expenditure on stair lifts, financial assistance for stair lifts in home modification and inclination of aging & disabled population towards the active or the independent living. Apart from the key advantages, the other market restraint factors include high purchase, installation, & maintenance cost of the stair lifts, presence of less expensive alternatives to stair lifts, perceptual barriers deterring user experience etc. In addition to this some of the other new opportunities and trends includes the increased emphasis of government & private organizations for the productive or the active lifestyle for the disabled population, leading to the substantial growth in the second-hand market for stair lifts, the use of better knowledge and mobility of the equipment among the disabled & elderly population with the modularity, safety, or space optimization is expected to drive the product development of the market over the forecast period.

Asia-Pacific holds highest share of stair lift market owing to the increase in growth of the overall economy. Additionally, the North American region is anticipated to remain the second-highest share in the target market due to the increase in the incidence of fall injuries in the U.S. It is expected that the global stair lift market to reach at US $1228.43 million, by 2025.

For more information, click on the link below:

Global Stair Lift Market

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Ken Research                                   

Ankur Gupta, Head Marketing & Communications

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