Market Overview:

Portering chairs are mobile chairs used for transporting patients within healthcare facilities such as hospitals and clinics. They are lightweight and easily maneuverable to transfer patients conveniently from one place to another like operating rooms, recovery rooms, etc. Portering chairs come equipped with features like adjustable height handles, swivel lockable casters, retractable footrest, and safety belts for patient comfort and safety.

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 4.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:

Growing geriatric population and rising number of surgeries are major factors fueling growth of the portering chair market. According to the United Nations, the number of people aged 60 years and above is projected to double by 2050 and reach around 2.1 billion globally. Older adults are more prone to chronic conditions, disabilities and injuries, thus driving demand for portering chairs. Additionally, increasing healthcare spending in emerging economies of Asia Pacific and Latin America is also anticipated to boost market growth over the forecast period.

On the other hand, availability of cheaper substitutes and lack of awareness about features and benefits of using portering chairs in low and middle-income countries may hamper market growth to some extent. However, ongoing research and development to introduce technologically advanced portering chairs with improved ergonomics and safety features is expected to create lucrative opportunities for players in the market.

SWOT Analysis

Strength: Portering chairs offer specialized features that allow for safe lifting and movement of patients, which traditional chairs lack. Their unique designs provide ergonomic support and proper positioning for patients. Furthermore, portering chairs are easy to maneuver and handle, making them ideal for transporting patients within healthcare facilities.

Weakness: The high production costs associated with portering chairs limits their affordability and widespread adoption in price-sensitive markets. Moreover, frequent wear and tear makes these chairs costly to maintain over the long-run for facilities with high patient volumes.

Opportunity: Rapid growth of the geriatric population prone to disabilities expands the target pool of users. Furthermore, increasing investments by governments and healthcare providers to enhance patient mobility and care presents an opportunity to raise awareness and demand for portering chairs.
Threats: Strong competition from inexpensive makeshift patient carriers poses pricing challenges.Growing preference for multi-functional patient handling equipment with tilt and lift functions can replace standalone portering chairs.

Key Takeaways

The global Portering Chair Market Growth  is expected to witness high growth, exhibiting a CAGR of 4.6% over the forecast period, due to increasing prevalence of disabilities among the expanding geriatric population. Continuous innovations in chair designs by manufacturers catering to specialized patient handling needs will further support market growth.

Regional analysis: North America currently dominates the global portering chair market, owing to high healthcare spending and early technology adoption. However, Asia Pacific is anticipated to exhibit the fastest growth over the forecast period with a CAGR of 5.2%, driven by rising medical tourism and investments in modernizing healthcare infrastructure in developing countries such as China and India.

Key players operating in the Portering Chair market are Accora Ltd, Antano Group, Bristol Maid, G & J Logistics Limited, Promotal, Roma Medical, and Stryker Corporation. Market leaders are focusing on new product launches, partnerships, and mergers and acquisitions to strengthen their distribution networks and manufacturing capabilities in high growth regions.

For more details on the report, Read- https://dailynewsmotion.weebly.com/report-blog/portering-chair-market-is-estimated-to-witness-high-growth-owing-to-increasing-adoption-in-healthcare-facilities