Middle East & Africa Stair Lifts And Climbing Devices Market Size & Outlook
Middle East Africa Stair Lifts And Climbing Devices Market, 2018-2030 (US$M)
Global Market
Related Markets
MEA stair lifts and climbing devices market highlights
- The MEA stair lifts and climbing devices market generated a revenue of USD 123.2 million in 2023.
- The market is expected to grow at a CAGR of 8.2% from 2024 to 2030.
- In terms of segment, stair lifts was the largest revenue generating devices in 2023.
- Stair Climbing Wheelchair is the most lucrative devices segment registering the fastest growth during the forecast period.
- Country-wise, Kuwait is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 123.2 million |
| Market revenue in 2030 | USD 213.5 million |
| Growth rate | 8.2% (CAGR from 2023 to 2030) |
| Largest segment | Stair lifts |
| Fastest growing segment | Stair Climbing Wheelchair |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Stair lifts, Stair Climbing Wheelchair |
| Key market players worldwide | Thyssenkrupp AG, Platinum Stairlifts, Bruno Independent Living Aids, American Elevator Group, Precision Stairs, Stannah Stairlifts, Handicare Stairlifts, Acorn Stairlifts, Harmar, Savaria Corp |
Other key industry trends
- In terms of revenue, MEA region accounted for 5.8% of the global stair lifts and climbing devices market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 868.5 million by 2030.
The MEA accounted for 5.1% of the global stair lifts and climbing devices market in 2022. The region is among the key emerging markets for medical devices. A growing population and increasing efforts by governments to increase access to healthcare are expected to attract global medical device companies looking to enter this market.
Improving healthcare expenditure, rising geriatric population, and growing cases of disabilities are expected to boost the market over the forecast period. These trends pose significant difficulties to national and community-based healthcare systems. However, with forethought, solid economic policies, and political stability, the existing population structure in MEA may be converted into a demographic advantage.
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Stair Lifts And Climbing Devices Market Scope
Stair Lifts And Climbing Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Thyssenkrupp AG | View profile | 100,202 | ThyssenKrupp Allee 1, Essen, NW, Germany, 45143 | www.thyssenkrupp.com |
| Savaria Corp | View profile | 2,450 | 4350 Highway 13, Laval, QC, Canada, H7R 6E9 | www.savaria.com |
| Platinum Stairlifts | View profile | 51-100 | Crosshill, South Ayrshire, United Kingdom, Europe | www.platinumstairlifts.com |
| Bruno Independent Living Aids | View profile | 251-500 | Oconomowoc, Wisconsin, United States, North America | www.bruno.com/ |
| American Elevator Group | View profile | 501-1000 | New York, New York, United States, North America | americanelevator.com |
| Precision Stairs | View profile | 1-10 | Modesto, California, United States, North America | precisionstairsystems.com |
| Stannah Stairlifts | View profile | 11-50 | Franklin, Massachusetts, United States, North America | www.stannah-stairlifts.com |
| Handicare Stairlifts | View profile | 101-250 | Amsterdam, Noord-Holland, The Netherlands, Europe | handicare-trapliften.nl/ |
| Acorn Stairlifts | View profile | 11-50 | Steeton, Bradford, United Kingdom, Europe | www.acornstairlifts.co.uk |
| Harmar | View profile | 101-250 | Sarasota, Florida, United States, North America | harmar.com |
Middle East & Africa Stair Lifts And Climbing Devices Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Stair Lifts And Climbing Devices Market Outlook will help companies and investors design strategic landscapes.
Stair Lifts was the largest segment with a revenue share of 57.71% in 2023.
Horizon Databook has segmented the Middle East & Africa stair lifts and climbing devices market based on stair lifts, stair climbing wheelchair covering the revenue growth of each sub-segment from 2018 to 2030.
The MEA accounted for 5.1% of the global stair lifts and climbing devices market in 2022. The region is among the key emerging markets for medical devices. A growing population and increasing efforts by governments to increase access to healthcare are expected to attract global medical device companies looking to enter this market.
Improving healthcare expenditure, rising geriatric population, and growing cases of disabilities are expected to boost the market over the forecast period. These trends pose significant difficulties to national and community-based healthcare systems. However, with forethought, solid economic policies, and political stability, the existing population structure in MEA may be converted into a demographic advantage.
- Middle East & Africa Stair Lifts And Climbing Devices Market Devices Outlook (Revenue, USD Million , 2018-2030)
- Stair lifts
- Stair Climbing Wheelchair
- Others
- Middle East & Africa Stair Lifts And Climbing Devices Market End Use Outlook (Revenue, USD Million , 2018-2030)
- Hospitals
- Homecare
- Others
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa Stair Lifts And Climbing Devices Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa Stair Lifts And Climbing Devices Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Middle East Africa Stair Lifts And Climbing Devices Market, 2018-2030 (US$M)
MEA stair lifts and climbing devices market statistics, by devices, 2018-2030 (US$M)
