PRESS RELEASE
Published November 27, 2023
The Manual Stair Climbing Wheelchair Market is estimated for 2023 for the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Manual stair climbing wheelchairs help disabled and elderly people to climb stairs independently. They have extra sturdy frames and wheels to lift the user up or down stairs.
Market Dynamics:
The manual stair climbing wheelchair market is expected to witness significant growth over the forecast period owing to rising geriatric population and increasing cases of physical disabilities. According to the United Nations, the number of people aged 60 years and above is expected to double from 12% to 22% between 2015 and 2050. Increasing life expectancy and declining birth rates are the primary factors contributing to rapid aging. Moreover, chronic diseases such as arthritis that limit mobility are also on the rise. This growing elderly population base is likely to drive demand for assistive devices such as manual stair climbing wheelchairs. Improving access to healthcare facilities across developing nations will also propel the market growth during the forecast period.
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Market Driver:
The geriatric population is increasing rapidly across the globe as life expectancy increases and fertility rates decline. Older adults are more likely to have mobility issues that make stairs challenging. With advancing age comes an increased risk of arthritis, joint replacements, and other conditions that can limit mobility. Manual stair climbing wheelchairs make it possible for elderly users to navigate stairs independently and continue living comfortably at home for longer. Their growing numbers represent a major driver of demand for these assistive devices.
Market Restraint:
While manual stair climbing wheelchairs open up new possibilities for mobility, their cost can be prohibitive for some. These specialized devices tend to have higher price points than basic wheelchairs. Upfront expenses coupled with necessary maintenance and repairs over the device’s lifespan increase the overall cost of ownership. Limited health insurance coverage and financial assistance for assistive equipment make manual stair climbing wheelchairs inaccessible for people with low incomes or limited resources. High costs serve as a major restrain on this market’s growth potential.
Market Opportunity:
The rise of the do-it-yourself (DIY) movement has seen more people taking an interest in customization, modification and independent problem-solving. As information resources expand online, some manual wheelchair users are learning to retrofit or upgrade their devices to enable stair climbing. This offers an opportunity for aftermarket companies to introduce affordable stair climbing accessory kits and instructional resources. Targeting the DIY community could open new customer segments and lower barriers to entry for consumers. As DIY activities gain traction, there is potential to significantly scale the market reach of manual stair climbing wheelchairs through more affordable customizable solutions.
Market Trend:
Technology developments across various industries are enabling the creation of lighter, stronger and more durable materials. Manual stair climbing wheelchairs are becoming increasingly high-tech, with frame components made of advanced alloys that offer superior weight to strength ratios. Improved gearing and transmission systems also make climbing stairs less physically taxing. Electromechanical assists integrated into some models further supplement user effort. The overall trend is towards products that are lighter, more efficient and easy to use—removing previous physical barriers. As manual stair climbing wheelchairs incorporate the latest technologies, their appeal and usability stands to improve dramatically among broader customer segments.
Competitive Landscape
In the segment specifically devoted to leading companies in the Manual Stair Climbing Wheelchair Market of the market analysis document, our researchers provide a summary of the financial statements of all the major companies, covering their noteworthy developments, product benchmarking, and SWOT analysis. The corporate profile copy also includes financial information and a business summary. The businesses in this area can be customized to match the unique needs of the client.
Some of the Top Players in Manual Stair Climbing Wheelchair Market:
101 Mobility LLC, Wanrooe Machinery Co., Ltd, AATGB Ltd, and PRO ACTIV Reha-Technik GmbH, among others.
Regional Analysis –
- North America (U.S., Canada, Mexico)
- Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
- Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
- Latin America (Colombia, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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Reasons to Purchase this Report:
- Regional report analysis highlighting the consumption of products/services in a region also shows the factors that influence the market in each region.
- Reports provide opportunities and threats faced by suppliers in the Manual Stair Climbing Wheelchair industry around the world.
- The report shows regions and sectors with the fastest growth potential.
- A competitive environment that includes market rankings of major companies, along with new product launches, partnerships, business expansions, and acquisitions.
- The report provides an extensive corporate profile consisting of company overviews, company insights, product benchmarks, and SWOT analysis for key market participants.
- This report provides the industry’s current and future market outlook on the recent development, growth opportunities, drivers, challenges, and two regional constraints emerging in advanced regions.
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