Prevalence of Life Style Disorders such as Obesity are expected to Propel the Stairlifts Market Growth Over the Forecast Period

 

Stairlifts Market
Stairlifts Market

Stairlifts are frequently referred to as chair lifts or stair gliders. These are mechanical devices meant to assist those with movement disabilities in moving up and down the stairs. A stairlift is made up of motorised seats that are powered by electricity. Stairlifts are available for both straight and curved staircases, and they can be customised to meet specific needs.

Geographically, Europe held a commanding market share in 2021. It is due to reasons such as an increase in the average age of the population, as well as vital government support for the elderly's difficulties. North America, on the other hand, is expected to be the fastest-growing region due to a rising elderly patient pool and active technological innovation.

A growing population of older persons, improved life expectancy, technology developments, and active government support for the disabled will be important market drivers. However, greater installation costs in the residential segment limit market expansion.

Geographically, the StairLifts Market may be divided into North America, Europe, Asia-Pacific, South America, and the Rest of the World. In the year 2021, Europe owned a 38% market share. The region's demand for stair-lifts is driven by the existence of a large disabled population as well as a large elderly population with medical issues. According to Eurostat, the geriatric population is 90.5 million in 2019, and it is predicted to expand rapidly during the time. However, North America is expected to be the fastest-growing region, with a CAGR of 8% between 2022 and 2027.

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