Global Transport Chairs Market is valued at approximately USD 1.09 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.70% over the forecast period 2022-2028. The primary drivers of industry growth are the prevalence of osteoporosis and arthritis, as well as the availability of contemporary, portable, and small mobility aids. It takes little time to develop transport chairs with the help of automation and additive features. Additionally, there have been more inventions in the frame materials category, which is assisting in the growth of this item category. The need for transport chairs expanded significantly during the pandemic due to an increase in patients in healthcare facilities, particularly senior patients because they were more susceptible to COVID-19. The increasing number of patients necessitated the purchase of more transportation and mobility supplies. The COVID-19 outbreak, in the opinion of the WHO, has a disproportionately bad impact on individuals with disabilities. Estimates show that 46 percent of those 60 and older have a handicap. Some of the main growth factors are an increase in accident cases and surgeries, technological advancements, innovation, rising fall rates that increase the need for mobility aids, and a high prevalence of osteoporosis and arthritis. According to the CDC, 24% of all adults in the United States-or 58.5 million people-have arthritis. It is the leading cause of job disability, with a yearly cost of USD 303.5 billion in medical care and missed income. However, high cost of these chairs is expected to hamper the market growth in the forthcoming period.
The key regions considered for the global Transport Chairs Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America accounted for the largest share of global revenue. This growth is brought on by increasing older population and a favorable reimbursement system. The rising incidences of disorders associated with lifestyle are anticipated to boost the regional market over the course of the forecast period. A sophisticated healthcare system, the presence of big corporations, high levels of disposable money, and considerable lifestyle changes are also contributing to the regional sector's expansion. The growing elderly population portends a serious socioeconomic load in this area. Over the projection period, the region with the fastest growth will likely be Asia Pacific.
Major market players included in this report are:
Carex Health Brands, Inc.
Stryker
Drive Medical Design & Manufacturing
Graham-Field Health Frame Materialss, Inc.
Invacare
Medline Industries
Sunrise Medical LLC
Karman Healthcare
Nova
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Application offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Category:
Paediatric
Adult
Geriatric
By Frame materials:
Aluminium
Steel
By End-User:
Healthcare facilities
Public facilities
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019, 2020
Base year - 2021
Forecast period - 2022 to 2028
Target Audience of the Global Transport Chairs Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors