Automatic Stair Climbing Wheelchair Market By Application (Hospitals, Ambulatory Surgical Centers, Home Care Settings, Others) and By Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America)- Size, Share, Outlook, and Opportunity Analysis, 2023 – 2030.
The global Automatic Stair Climbing Wheelchair Market is estimated to be valued at US$ 619.69 million and is expected to exhibit a CAGR of 12.6 % over the forecast period, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Automatic Stair Climbing Wheelchair is a wheelchair equipped to aid individuals facing difficulty to move into their homes and workplaces. This is particularly essential for those who are impaired or geriatric. They can usually not climb the stairs on their own and may require someone to take them or a device such as a folding stair chair to climb the stairs. This stair-climbing wheelchair has trace wheels that are capable to take the wheelchair up and down the stairs with comfort. It also can be utilized on flat surfaces and disassembled into 3 parts for comfortable transport & loading.
Competitive Landscape:
Key players involved in the growth of the Global Automatic Stair Climbing Wheelchair Market are Harmar Mobility, Acorn Stairlifts, Johnson & Johnson, AATGB, and B-Free Tech.
Market Key Drivers:
The rising geriatric population is expected to boost the growth of the global Automatic Stair Climbing Wheelchair Market. For instance, as per UN.Org, the geriatric population is expected to reach around 1.5 billion by 2050.
Rising disabilities among people is projected to propel the growth of the global Automatic Stair Climbing Wheelchair Market. For instance, as per WHO around 1.3 billion people across the globe.
Covid-19 Impact Analysis:
The Covid-19 outbreak has adversely affected the growth of the global Automatic Stair Climbing Wheelchair Market due to the rise in the surge of pandemic. The rising cases have led to restraints on the movement of people. The low visits to hospitals and the low traveling rate have adversely affected the market growth.
Key Takeaways:
The global Automatic Stair Climbing Wheelchair Market is expected to exhibit a CAGR of 12.6 % during the forecast period due to rising chronic diseases and lifestyle changes. For instance, as per NIH, around 1 in 3 adults suffer from chronic illness.
Among regions North America, Asia Pacific, and Europe are anticipated to witness robust growth in the global Automatic Stair Climbing Wheelchair Market due to rising approvals and quick launches, rising prevalence of disabilities, rising geriatric population, and rise in lifestyle changes. For instance, as per CDC around 1 in 4 suffer from some or the other kind of disabilities in the U.S.
