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Stairlifts Market – Market Insights

A stairlifts are also known as chair lifts or stair gliders. These are mechanical devices designed for individuals with movement disability, and help to lift them up and down the staircase. A stairlift constitutes of electrically-powered motorized seats. Stairlifts are available for straight and curved staircases and also they can be modified as per the requirement. For medical purposes in particular, stairlifts are installed for physically disabled people and individuals suffering from musculoskeletal disorders due to aging.

Increasing incidence of musculoskeletal disorder is expected to drive the market growth over the forecast period. According to the Global Burden of Disease (GBD) study, in 2017, musculoskeletal conditions were the highest contributor to global disability and around 16% of the patients lived with disability. Moreover, according to the World Health Organization report published in November 2019, the prevalence of musculoskeletal conditions varies by age and diagnosis, and 20 to 33% of the people across the globe suffered from a painful musculoskeletal condition in 2017.

The global stairlifts market size is valued at US$ 762.3 million in 2019 and is expected to exhibit a CAGR of 6.1% over the forecast period (2019–2027).

Figure 1. Global Stairlifts Market Value (US$ Mn), by Region, 2019

Stairlifts  | Coherent Market Insights

Source: Coherent Market Insights Analysis (2020)

Growing geriatric population who is more prone to conditions such as osteoarthritis (OA), life style disorders such as obesity, and patients with physical disabilities

The rising geriatric population is a major factor that is projected to propel the market growth over the forecast period. For instance, according to United Nations report published in October 2019, there are around 703 million people in the age group of 65 or above across the globe, and it is expected to reach 1.5 billion by 2050. Moreover, according to the same source, 1 in 6 people in the world will be over the age 65 by 2050, up from 1 in 11 in 2019.

Increasing incidence of osteoarthritis (OA), and prevalence of life style disorders such as obesity are expected to propel the market growth over the forecast period. According to the Centers for Disease Control and Prevention, from 2013 to 2015, around 54.4 million adults in the U.S. were diagnosed with some form of arthritis and it is expected to reach 78 million by 2040.

Moreover, according to the World Health Organization’s 2018 report, over 50% of the global population is obese. According to the same source, in 2016, more than 650 million adults aged 18 years and older were obese. Obesity is connected to various chronic diseases, including hypertension, orthopedic disorders, diabetes, and cancer.

Figure 2. Global Stairlifts Market Share (%), by Product Type,

Stairlifts  | Coherent Market Insights

Source: Coherent Market Insights Analysis (2020)

Increasing adoption of inorganic growth strategies such as partnerships, acquisitions and collaborations is expected to drive the market growth over the forecast period

In March 2019, Yorkshire-based Platinum Stairlifts partnered with mobility retailer Dolphin Mobility Yorkshire and Cumbria to become an integral partner for the official launch of the Stairlift. The new single tube curved stair lift was unveiled in November 2018, and Platinum says that it provides various unique, solution-based benefits to address the increasing demand for domestic stair lifts.

Moreover, in December 2018, Harmar Mobility LLC and Pride Mobility Products Corporation announced that Harmar had acquired Pride’s lifts and ramps product line. This move allows Pride Mobility to further focus its efforts on developing consumer-driven mobility products in its scooter, power chair, and lift chair product lines. By combining two successful vehicle-lift product lines, Harmar has solidified its position as a market leader.

However, the high purchase, installation, and maintenance cost of Stairlifts and presence of less expensive alternatives to Stairlifts may hinder market growth.

Key Players

Major players operating in the global stairlifts market include Acorn Stairlifts, Bruno Independent Living Aids, Stannah Stairlifts Ltd., Inc., Handicare Group AB, Otolift Stairlifts Ltd., Prism U.K. Medical Limited, Platinum Stair Lifts Ltd., Kumalift Co., Ltd., Symax Lift (China) Co, Ltd, Taamal Seed Electra Group, Savaria Corp, Lehner Lifttechnik GmbH, Thyssenkrupp AG.

Stairlifts are mobility devices that are used by individuals who are unable to move properly, and by those with certain inabilities. Stairlifts are useful for individuals with limited mobility to travel easily from one floor to another in multi-floor premises. The worldwide stairlift market is expected to urge a significant growth during the forecast period.  Owing to increase in use of stairlifts in public spaces and business premises, hospitals and clinics, and residential buildings.

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.

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
  • Key companies covered as a part of this study include Acorn Stairlifts, Bruno Independent Living Aids, Stannah Stairlifts Ltd., Inc., Handicare Group AB, Otolift Stairlifts Ltd., Prism U.K. Medical Limited, Platinum Stair Lifts Ltd., Kumalift Co., Ltd., Symax Lift (China) Co, Ltd, Taamal Seed Electra Group, Savaria Corp, Lehner Lifttechnik GmbH, Thyssenkrupp AG
  • Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global stairlift market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global stairlift market

Detailed Segmentation:

  • Global Stairlifts Market, By Product Type:
    • Straight Stairlifts
    • Curved Stairlifts
    • Standing Stairlifts
  • Global Stairlifts Market, By Modality Type:
    • Indoor
    • Outdoor
  • Global Stairlifts Market, By Operation Mode:
    • Alternating Current
    • Direct Current
  • Global Stairlifts Market, By End User:
    • Health Care Facilities
    • Home Care Settings
    • Others
  • Global Stairlifts Market, By Region:
    • North America
      • By Product Type:
        • Straight Stairlifts
        • Curved Stairlifts
        • Standing Stairlifts
      • By Modality Type:
        • Indoor
        • Outdoor
      • By Operation Mode:
        • Alternating Current
        • Direct Current
      • By End User:
        • Health Care Facilities
        • Home Care Settings
        • Others
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • By Product Type:
        • Straight Stairlifts
        • Curved Stairlifts
        • Standing Stairlifts
      • By Modality Type:
        • Indoor
        • Outdoor
      • By Operation Mode:
        • Alternating Current
        • Direct Current
      • By End User:
        • Health Care Facilities
        • Home Care Settings
        • Others
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Product Type:
        • Straight Stairlifts
        • Curved Stairlifts
        • Standing Stairlifts
      • By Modality Type:
        • Indoor
        • Outdoor
      • By Operation Mode:
        • Alternating Current
        • Direct Current
      • By End User:
        • Health Care Facilities
        • Home Care Settings
        • Others
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Product Type:
        • Straight Stairlifts
        • Curved Stairlifts
        • Standing Stairlifts
      • By Modality Type:
        • Indoor
        • Outdoor
      • By Operation Mode:
        • Alternating Current
        • Direct Current
      • By End User:
        • Health Care Facilities
        • Home Care Settings
        • Others
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Product Type:
        • Straight Stairlifts
        • Curved Stairlifts
        • Standing Stairlifts
      • By Modality Type:
        • Indoor
        • Outdoor
      • By Operation Mode:
        • Alternating Current
        • Direct Current
      • By End User:
        • Health Care Facilities
        • Home Care Settings
        • Others
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Product Type:
        • Straight Stairlifts
        • Curved Stairlifts
        • Standing Stairlifts
      • By Modality Type:
        • Indoor
        • Outdoor
      • By Operation Mode:
        • Alternating Current
        • Direct Current
      • By End User:
        • Health Care Facilities
        • Home Care Settings
        • Others
      • By Country:
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • Acorn Stairlifts*
      • Company Overview
      • Material Portfolio
      • Financial Performance
      • Key Highlights
      • Market Strategies
    • Bruno Independent Living Aids
    • Stannah Stairlifts Ltd., Inc.
    • Handicare Group AB
    • Otolift Stairlifts Ltd.
    • Prism U.K. Medical Limited
    • Platinum Stair Lifts Ltd.
    • Kumalift Co., Ltd.
    • Symax Lift (China) Co, Ltd
    • Taamal Seed Electra Group
    • Savaria Corp
    • Lehner Lifttechnik GmbH
    • Thyssenkrupp AG

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Modality Type
      • Market Snippet, By Operation Mode
      • Market Snippet, By End User
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Market Trends
    • Key Developments
    • Regulatory Scenario
    • Reimbursement Scenario
    • Merger and Acquisition Scenario
    • PEST Analysis
    • Epidemiology
  4. Global Stairlifts Market, By Product Type, 2016 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Straight Stairlifts
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Curved Stairlifts
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Standing Stairlifts
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  5. Global Stairlifts Market, By Modality Type, 2016 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Indoor
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Outdoor
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  6. Global Stairlifts Market, By Operation Mode, 2016 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Alternating Current  
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Direct Current
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  7. Global Stairlifts  Market, By End User, 2016 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Health Care Facilities
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Home Care Settings
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  8. Global Stairlifts  Market, By Region, 2016 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, For Regions, 2017–2027
    • North America
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Modality Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Operation Mode, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • U.S.
        • Canada
    • Latin America
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Modality Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Operation Mode, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Modality Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Operation Mode, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Modality Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Operation Mode, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Modality Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Operation Mode, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Modality Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Operation Mode, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • South Africa
        • Central Africa
        • North Africa
  9. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis
      • Acorn Stairlifts *
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
    • Bruno Independent Living Aids
      • Company Overview
      • Product Portfolio
      • Financial Overview
      • Key Highlights
      • Market Strategies
    • Stannah Stairlifts Ltd., Inc.
      • Company Overview
      • Product Portfolio
      • Financial Overview
      • Key Highlights
      • Market Strategies
    • Handicare Group AB
      • Company Overview
      • Product Portfolio
      • Financial Overview
      • Key Highlights
      • Market Strategies
    • Otolift Stairlifts Ltd.
      • Company Overview
      • Product Portfolio
      • Financial Overview
      • Key Highlights
      • Market Strategies
    • Prism U.K. Medical Limited
      • Company Overview
      • Product Portfolio
      • Financial Overview
      • Key Highlights
      • Market Strategies
    • Platinum Stair Lifts Ltd.
      • Company Overview
      • Product Portfolio
      • Financial Overview
      • Key Highlights
      • Market Strategies
    • Kumalift Co., Ltd.
      • Company Overview
      • Product Portfolio
      • Financial Overview
      • Key Highlights
      • Market Strategies
    • Symax Lift (China) Co, Ltd
      • Company Overview
      • Product Portfolio
      • Financial Overview
      • Key Highlights
      • Market Strategies
    • Taamal Seed Electra Group
      • Company Overview
      • Product Portfolio
      • Financial Overview
      • Key Highlights
      • Market Strategies
    • Savaria Corp
      • Company Overview
      • Product Portfolio
      • Financial Overview
      • Key Highlights
      • Market Strategies
    • Lehner Lifttechnik GmbH
      • Company Overview
      • Product Portfolio
      • Financial Overview
      • Key Highlights
      • Market Strategies
    • Thyssenkrupp AG
      • Company Overview
      • Product Portfolio
      • Financial Overview
      • Key Highlights
      • Market Strategies
    • Analyst Views
  10. Section
    • References
    • Research Methodology
    • About Us and Sales Contact

*Browse 36 market data tables and 30 figures on "Stairlifts Market” - Global forecast to 2027.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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