Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
Portering Chair Market – Insights
Portering chairs are used to transfer patients in the hospital for therapeutic or diagnostic purposes or to specialized units of the hospital such as the Emergency Department (ED), Intensive Care Unit (ICU), and operating theatres. Portering chair are also useful for individuals with some risk of pressure damage to lower body and in patients suffering from diseases such as neurological conditions, kyphosis, oedemas legs and/ or fluid build-up, stiffness or fixtures at hips, and with limited extension at the knees.
The global portering chair market size was valued at US$ 544.8 million in 2017 and is expected to witness a CAGR of 6.2% over the forecast period (2018 – 2026).
Global Portering Chair Market Share (%) Analysis, By Chair Type 2017
Source: Coherent Market Insights Analysis (2018)
Increasing incidence of chronic diseases, trauma, and neurological conditions is expected to drive the portering chair market revenue
Increasing geriatric population in need of medical services, owing to escalating prevalence of chronic diseases such as cardiovascular disorders, diabetes, and infectious diseases is expected to drive the global portering chair market growth. According to the Centers for Disease Control and Prevention (CDC) foundation, 2015, around 800,000 people in the U.S. die due to stroke and other cardiovascular diseases.
Furthermore, increasing number of sport injuries including fractures and bone dislocation is expected to boost demand for portering chairs. According to the American Academics of Pediatrics 2015 report, 775,000 children aged 14 years and younger are admitted in hospital emergency rooms for sports-related injuries, annually. MRI portering chairs are expected to foresee significant demand due to increasing prevalence of chronic diseases such as cancer, respiratory diseases, and rheumatoid arthritis. According to the National Cancer Institute, in 2014, around 66,771 people suffered from liver and intrahepatic bile duct cancer in the U.S.
Portering chairs are also used to transport obese patients. Therefore, increasing prevalence of obesity is a major factor driving growth of the portering chair market. According to the National Center for Health Statistics report, over 30% of adults in the U.S. were obese in 2012. All these factors are expected to collectively increase demand for various types of portering chairs, thereby driving growth of the global portering chair market.
Portering Chair Market Restraints
However, stringent government regulation for manufacturing and marketing of portering chairs is expected to hinder growth of the market. Several professional organizations, including the American Association of Respiratory Care, the Society of Critical Care Medicine (SCCM), the European Society of Intensive Care Medicine (ESICM), the Study Group for Safety in Anesthesia and Intensive Care (SIAARTI), and the Australasian College for Emergency Medicine have published guidelines for the performance of intrahospital transports.
Portering Chair Market - Regional Insights
On the basis of region, the global portering chair market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America portering chair market is expected to generate major revenue share during the forecast period, owing to increasing MRI procedures coupled with rising incidence of chronic diseases and traumatic injuries in the region. According to Organization for Economic Co-operation and Development (OECD), 110 per 1000 inhabitants in the U.S. have undergone MRI examination in 2014, suggesting intense use of MRI portering chairs in this geographical region.
Asia Pacific portering chair market is expected to witness significant growth, owing to increasing geriatric population that requires appropriate medical care. According to the United Nation Population Fund, by 2050, one in four people in Asia and the Pacific will be over 60 years old. Moreover, increasing number of road accidents in emerging economies such as India and China is expected to propel demand for portering chair. According to the Government of India, Ministry of Road Transport & Highways Transport Research Wing’s report, 2016, road accident is the major cause of injuries, disabilities, and death in India, which accounts for 1,317 accidents per day with an average of 494,624 injured people in 2016.
Global Portering Chair Market Value (US$ Mn) & Y-o-Y Growth (%)
Source: Coherent Market Insights Analysis (2018)
Key players operating in the global portering chair market include, Accora Ltd, Antano Group, Bristol Maid, G & J Logistics Limited, Promotal, Roma Medical, and Stryker Corporation.