Portering chairs are durable, lightweight transport chairs designed to assist healthcare professionals in safely moving patients within clinical settings. Portering chairs offer multi-directional, 360-degree maneuverability that enables swift navigation through facility corridors, exam rooms, and treatment areas. They feature comfortable padding and ergonomic handles for gentle handling of patients. Portering chairs help prevent musculoskeletal injuries for caregivers by eliminating the need for heavy lifting. Their compact fold-down designs allow for convenient storage when not in use.
The global portering chair market is estimated to be valued at US$ 616.09 Mn in 2023 and is expected to exhibit a CAGR of 14% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Key Trends
The demand for portering chairs is anticipated to significantly rise over the coming years, driven primarily by the world’s rapidly expanding aging demographic. Older populations are more prone to illnesses and injuries that may require assisted transport between medical service locations. Additionally, healthcare providers are increasingly conscious of implementing patient handling equipment and accessories that promote staff safety by reducing physical strain. Many clinical facilities are upgrading their mobility fleets with innovative portering chairs incorporating the latest ergonomic designs, lightweight build, and customization options. There is also a growing emphasis on rental and leasing models for portering chairs that provide flexibility to healthcare organizations without major capital expenses. These factors are expected to contribute to the strong projected growth trajectory of the global portering chair market over the forecast period.
Porter’s Analysis
Threat of new entrants: Low capital requirements and availability of skilled workforce allows new players to enter the market easily. However, established brands and customer loyalty towards existing players poses a challenge for new entrants.
Bargaining power of buyers: Large volume buyers can negotiate on price whereas individual buyers have limited bargaining power. Access to substitutes provides buyers with alternatives.
Bargaining power of suppliers: Few major suppliers exist for raw materials increasing their bargaining power. However, availability of substitutes balances their power.
Threat of new substitutes: Alternative seating options like sofas, easy chairs pose competition. Technological advancement can lead to new substitutes.
Competitive rivalry: Intense competition exists between established brands. Players differentiate through design, comfort, and additional features to gain market share.
Key Takeaways
The Global Portering Chair Market Growth is expected to witness high growth over the forecast period. The global portering chair market is estimated to be valued at US$ 616.09 Mn in 2023 and is expected to exhibit a CAGR of 14% over the forecast period 2023 to 2030.
Regional analysis: North America is expected to hold the largest share in the global Portering Chair market during the forecast period. Factors such as presence of major players, high healthcare expenditure, and rising incidences of chronic diseases boost the market growth in the region. Asia Pacific is expected show high growth owing to improving access to healthcare facilities, rising medical tourism, and expanding healthcare infrastructure in developing countries such as India and China.
Key players: Key players operating in the Portering Chair market are Abbott Laboratories, Pfizer Inc., Abbvie Inc., Biocon, and F. Hoffmann-La Roche Ltd. These players are focusing on new product launches and strategic collaborations to strengthen their market position. For instance, in 2021, Abbott Laboratories launched Ensure Glucerna, a diabetes-friendly nutritional shake.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it