The stairlifts market refers to the global market for devices used to assist individuals with mobility impairments to safely ascend and descend stairs. Stairlifts are designed for both straight and curved stairways and can be installed on a permanent or temporary basis. The market for stairlifts is growing due to an aging population, an increase in disabilities and mobility impairments, and advancements in technology. The Asia-Pacific region is expected to see significant growth in the stairlifts market in the coming years due to a rapidly aging population and increasing demand for home healthcare solutions.
Market Dynamics
Key players operating in the global stairlift market are focusing on acquisitions and collaborations in order to increase their market presence and expanding their product portfolio, is expected to propel the market growth over the forecast period. For instance, in December 2018, Limerston Capital, a U.K based private equity firm, acquired Prism Medical UK (Prism). Prism specializes in moving, handling and bathing equipment for elderly, disabled and mobility disadvantaged clients. With this acquisition Limerston Capital, has expanded its mobility devices business unit and market share.
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Key features of the study:
This report provides in-depth analysis of the global stairlift market and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2019–2027), considering 2018 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global stairlift market based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
