Global Lift Chair Market is Expected to Reach Billion US $ 22.13 by the end of 2026, with A CAGR of 6.7% During 2019-2026: Proficient Market
The “Global Lift Chair Market by Product Type (Elderly, Obese and Handicapped) and by End-Users/Application (Household, Commercial and Healthcare) Global Market Share, Forecast Data, In-Depth Analysis, and Detailed Overview, and Forecast, 2014 – 2026” report has been added to ProficientMarket.com’s offering.
According to the report, global lift chair market in 2018 stood at USD 22.13 billion and is expected to reach USD XX billion by 2026 growing at a CAGR of 6.7% from 2019 to 2026.
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A lift chair is a mobility device specially designed to provide maximum comfort. It gradually lifts a person to a standing position or takes back to a sitting position safely. Also, it reduces the risk of fall by providing floor space under the front of the chair to find the center of gravity while standing. Additionally, lift chair can also be operated through remote control and is mainly designed for persons who have mobility issues. Furthermore, the sole purpose of a lift chair is to lift a person to a standing position or to facilitate person in a sitting position without harm. Mainly, it is designed to look and feel like a recliner so that it offers maximum comfort while mixing with the patient’s home furniture.
Global Lift Chair Market: Key Players The research study includes profiles of leading companies operating in the global lift chair market. Key players profiled in the report include:
Ultimate Power Recliner
Best Chairs Inc.
Seminar Components (UK) Ltd
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Drivers for the Global Lift Chair Market: According to current market condition, the growing advancement in the healthcare industry coupled with the availability of a wide range of product is driving the demand of life chair. Additionally, the growing aging population and changing demographics are the main factors driving the global lift chair market growth.
Opportunities for the Global Lift Chair Market: Increasing disposable income and continuous R&D activities by key players in the development of innovative products are other factors that are expected to augment the global lift chair market growth during the forecast period. Also, rapid advancements in healthcare infrastructure has also contributed towards the market growth. Furthermore, the introduction of innovative products by the key players is creating opportunity in the global lift chair market.
Restrains for the Global Lift Chair Market: On the other hand, the high cost associated with the lift chair may restrict market growth. In the coming years, technological advances, improved functionality of modern lift chairs, high adaptability of modern designs among young people and increasing purchasing power are expected to impact the global lift chair market demand.
Region Wise, Global Lift Chair Market Analysis: The market includes North America, Europe, Asia Pacific, Latin America, Middle East and Africa. North America region is leading global lift chair market. The increasing aging population in the US is one of the primary factors surging the lift chair demand in the region. Rapid advancements in healthcare infrastructure in the region has also contributed towards the regional growth. Furthermore, the introduction of innovative products by the key players is driving the global lift chair market growth in the region. North America region is followed by Asia pacific and Europe.
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Global Lift Chair Market: Product analysis
On the basis of type, Elderly accounted for largest share of total revenue generated. The increasing aging population is one of the primary factors surging the Elderly market share.
Global Lift Chair Market: Application analysis
The demand of global lift chair market is highest from Household, due to people who struggle with leg or back weakness benefit from lift chairs as it promotes independence by allowing them to stay at home without the help of others to stay active and move. Lift chairs have an enormous impact not only on people with physical disabilities, but also on their families. Another factor that increases the demand for the lift chair market in household applications is increasing government support to provide financial assistance for mobility aid.
Global Lift Chair Market: Region analysis
North America: U.S., Canada, Mexico
Europe: U.K., France, Germany, Spain, Italy, Rest of Europe
Asia Pacific: China, Japan, South Korea, ASEAN, India
Rest of Asia Pacific: Latin America, Brazil, Argentina, Colombia, Rest of L.A.
Middle East and Africa: Turkey, GCC, UAE, South Africa, Rest of Middle East
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