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Innovative expansion to be the USP of Stair Lifts Market between 2024 (reaching US$ 1,000 Million)

The Stair Lifts Market Share is slated to reach US$ 1,000 Million between 2024 at a CAGR of 7%. The healthcare vertical, on the whole, is moving towards value-based care. In other words, the trend towards consolidation asks for better care at lower costs, with smaller hospitals showing affiliation with larger IDNs (Integrated Delivery Networks). This would be a remarkable thing with regards to the healthcare industry in the next decade.

Like all the other verticals, the healthcare vertical is poised to witness an amalgamation of collaborations and networks as a result of the culture of belonging and inclusion being the new DNA therein. Also, remote work arrangements will be simplified with shared services, cloud technologies, and AI is in place. The Stair Lifts Market is meant to capture these happenings and give insights regarding the same.

Stair lifts are a mechanical setup that aims to help disabled people. This is a chair or platform that is motorized to travel along the rail or track guided along the stairway. A new research based on these lifts by Persistence Market Research is titled ‘Stair Lifts Market: Global Industry Analysis 2012 –2016 and Forecast 2017 – 2025’. This comprehensive research is intended to guide people with useful insights on this market.

The stair lifts market study involves assessment of global market opportunities by representing annual sales volume (units) and value (US$ Mn) of various types of stair lifts installed in residential and commercial or public spaces. The report indicates that the global stair lifts market is expected to reach a market value of over US$ 1,600 Mn by the end of 2025. The market is projected to register a robust CAGR of 6.5% during the forecast period.

Get Sample Copy of Report @ https://www.persistencemarketresearch.com/samples/5621

Company Profiles

  • Acorn Stairlifts Inc.
  • Stannah International
  • Savaria Corp.
  • Handicare Group AB
  • Lehner Lifttechnik GmbH
  • Otolift Stairlifts Ltd.
  • Harmar Mobility LLC
  • Prism U.K. Medical Limited
  • Bruno Independent Living Aids, Inc.
  • Platinum Stair Lifts Ltd.
  • HIRO LIFT (Hillenkötter + Ronsieck
  • Kumalift Co., Ltd.
  • SUGIYASU Co., Ltd.
  • Symax Lift (China) Co, Ltd.
  • Qingdao Sinofirst Machinery Co., L
  • Taamal Seed Electra Group
  • Gruppo Millepiani S.p.a

Get To Know Methodology of Report @ https://www.persistencemarketresearch.com/methodology/5621

Over the last decade, stair lifts have witnessed a substantial surge in demand in the U.S and Japan market. This demand is mainly driven by a growing geriatric population. Market players lay emphasis on increasing their product offerings and providing innovative products to achieve competitive edge, specifically over other local players.

Global Stair Lifts Market: Segmental Analysis

On the basis of region, North America leads the global market with over US$ 420 Mn market revenue expected by the end of 2025, growing at a CAGR of 7.3% during the forecast period. Europe is also expected to emerge as an attractive region during the forecast period.

In terms of rail type, curved stair lifts is projected to have the largest market share by the end of 2025, whereas straight stair lifts is expected to be the fastest growing segment with a growth rate of 7.5% during the forecast period.

Access Full Report @ https://www.persistencemarketresearch.com/checkout/5621

Based on install location, the residential spaces segment is ahead of commercial spaces with a higher market share, but the commercial spaces segment is projected to witness a higher growth rate during the forecast period.

On the basis of power source, the direct current segment dominates the global stair lifts market with a projected market value of over US$ 1,300 Mn by the end of 2025, growing at a CAGR of 7.2% by the end of forecast period.

Access Trending Market Report

Medical Spas Market@https://www.prnewswire.com/news-releases/medical-spa-market-is-predicted-to-expand-at-an-impressive-cagr-of-more-than-15-over-the-forecast-period-20212031—persistence-market-research-301272530.html

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