The global stairlift market is estimated to value US$ 1.2 Bn in 2017 and is projected to register a CAGR of 6.2% in terms of value during forecast period 2017–2026.

Stairlifts are basically mobility devices mainly used by disabled and aging people for vertical mobility. These devices help people to travel between floors and high-rise buildings efficiently. Stairlifts used in applications such as in residential buildings, hospitals and clinics, educational institutes, restaurants, and commercial or public spaces such as shopping malls, and offices.

Stair lifts are known variously as stair lifts, stair-lifts, chair lifts, stair gliders and by other names. This type of chair lift should not be confused with the chairlift used by skiers.

Global Stairlift Market Dynamics:

Increasing aging population and increasing incidence of lifestyle diseases such as obesity and large tracts of age groups reporting osteoarthritis are major factors expected to drive growth of the global starilift market over the forecast period. In addition, rising technological advancements for developing products offering better functionality and advanced safety features is expected to fuel growth of the target market.

Get Free PDF Sample @ https://marketresearch.biz/report/stairlift-market/request-sample/

However, high installation as well as equipment cost is a key factor expected to restrain growth of the global stairlift market. In addition, country/region wise changing residential structure is another factor expected to hamper growth of the target market in the near future.