Stair lifts are the type of mechanical devices which are used by aged or disabled people for vertical mobility. Stair lifts enable these people to travel between the high-rise buildings and floors effectively. However, stair lifts may find its applications in several sectors such as hospitals and clinics, residential buildings, commercial building such as offices and shopping malls. The installation type of such places is mostly based on the curvature footfalls and of stairs as well as building architecture.
Increase in aging population, raised occurrences of lifestyle diseases such as obesity and osteoarthritis are some of the major factors responsible for the growth of stair lifts market across the globe. The demand for stair lift is also increasing at a rapid pace owing to the technological innovations and product development. In addition, growing adoption of stair lifts particularly in public as well as residential places, due to rising geriatric population and increasing demand for automated systems over the globe are also some significant factors anticipated to fuel the demand of global stair lift market over the forecasted period. Likewise, technological innovations and growing requirement for effective and safe products are other factors likely to drive the growth of the market.
Furthermore, rising support from government worldwide for offering stair lifts at a subsidized or normal price to geriatric and disabled people in certain regions is also one of the major factors contributing to the growth of the stair lift market across the globe into coming future. In addition to this, other factors such as low cost of installation, ease of accessibility, increase in geriatric people, and aging-related health issues such as traumatic brain injuries, hip fractures, vision problems, Vitamin D deficiency, and lower body weakness. According to the research, the majority of people aged 60 years or more are expected to rise by around 56% over the predicted period. Stair lift basically consists of steel or aluminum. However, carriage is also one of the significant elements which move along with the stair lift. Stair lifts carriage comprise seat along with arms as well as a footrest that has a platform called “perch” seat which is specially intended for the shorter legs people to sit with more comfort.
On considering the geographical expansion, there is more than 18.2 ML public unable to walk in the United States, as per the reports of CDC 2015, which is likely to drive the stair lifts market across the region. In addition to this, the North American market is also seen to raise the stair lift market owing to the increase in geriatric people and the huge number of technological advancements for mobility device marketing. However, aged people had around 18.9% of the market share in Europe in the year 2015. In addition, reduce in stair lift installation cost is one of the major factors contributing to the growth of Asia Pacific stair lift market. The Chinese stair lift market is also expected to grow with a healthy growth rate into the coming years.
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