Global Market Study on Stair Lifts: Revenue Growth Expected to be Driven by High Adoption of Stair Lifts by Geriatric and Disabled Patient Population during the Forecast Period, 2016 – 2024

Stair lift is a motorized seat that runs on a rail or a track which climbs up and down along a stair case. These devices are used primarily by individuals who are elderly, challenged by mobility issues resulting from disease or injury etc. Stair lifts are mostly intended for indoor use; however, these can also be installed in outdoor settings such as gardens, hospitals, and public places.

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Persistence Market Research (PMR) offers a seven-year forecast for the global stair lifts market (2016–2024). In terms of value, the market is expected to register a CAGR of 7.0% during the forecast period. The study demonstrates the market dynamics that are expected to influence the current environment and future status of the global stair lifts market over the forecast period. It includes key trends, drivers, restraints, and opportunities influencing growth of the global stair lifts market over the forecast period. Impact analysis of key growth drivers and restraints based on the weighted average model are included in this report to better equip clients with crystal clear decision-making insights.

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The global stair lifts market is segmented on the basis of:

  • Product Type
  • Modality
  • Mode of Operation
  • End User
  • Region

On the basis of product type the market is segmented as follows:

  • Straight Stair Lift
  • Curved Stair Lift
  • Standing Stair Lift

“Straight stair lift segment is estimated to account for the highest revenue share of US$ 443.7 Mn in 2016 and is expected to expand at the highest CAGR during the forecast period”.

On the basis of modality the market is segmented as follows:

  • Indoor
  • Outdoor

Indoor modality segment is expected to witness highest CAGR of 7.2% during the forecast period.

On the basis of mode of operation the market is segmented as follows:

  • AC
  • Battery

Battery segment is estimated to account for highest revenue share of 51.4% by 2016 end.

On the basis of end user the market is segmented as follows:

  • Healthcare Facilities
  • Home Care Settings

“Home care settings segment is expected to witness highest CAGR of 7.2% during the forecast period.

On the basis of region the market is segmented as follows:

  • North America
    • S.
    • Canada
  • Latin America
    • Argentina
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • France
    • Germany
    • Italy
    • Spain
    • K.
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia & New Zealand
    • Rest of APAC
  • Middle East & Africa
    • GCC countries
    • South Africa
    • Rest of MEA

Europe and North America markets are estimated to account for 42.8 % and 31.0% revenue share in 2016 and are expected to dominate the market over the forecast period.

Some key market participants included in the stair lifts market report include Stannah Stairlifts Ltd., Acorn Stairlifts, Inc., thyssenkrupp AG, Handicare, Bruno Independent Living Aids, Inc., Otolift Stairlifts Ltd., Harmar, Platinum Stairlifts and Prism Medical Ltd.

Key features of this report

  • Drivers and restraints
  • Latest product innovations and key developments in the market
  • Analysis of business strategies of top players
  • Stair lifts market estimates and forecast

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