Comfort And Mobility Are Key Drivers For The Portering Chair Market
Market drivers
Rising geriatric population prone to limited mobility is a key driver boosting demand for assistive portering chairs. As per estimates, over 12% of global population will be aged 65 years or older by 2030. Furthermore, growing incidence of lifestyle diseases like diabetes, obesity and orthopedic conditions requiring assisted patient transfer is propelling the market growth. Technological advancements featuring monitoring systems, rehab functionalities and customizable designs tailored for bariatric patients are increasing adoption. Stringent regulatory standards pertaining to adoption of medical devices to ensure user safety during transportation is augmenting the demand from healthcare organizations.
Portering Chair Market - Impact of Geopolitical Situation
The current geopolitical uncertainties such as unstable economic policies, trade wars and conflicts will impact the Portering Chair Market Size growth in the coming years. Any escalation in geopolitical tensions globally affects economies adversely resulting in lower consumer spending across regions. As portering chairs find major applications in hospitals and homes for elderly population, decline in overall economic activity will reduce the market potential. Manufacturers need to carefully strategize their policies by diversifying supply chains and exploring new growth opportunities in stable markets to mitigate risks from uncertain geo-political environment. Collaborating with regional players, investing in technology and innovation as well as building flexible business models will help gain competitive advantage. Focusing on value added products and services catering to new customer segments can drive sustainable growth of the portering chair market despite challenges from external factors.
Portering Chair Market - Geographical Regions with Highest Consumption
North America region accounts for the largest share of the global portering chair market in terms of value. This is majorly attributed to rising geriatric population, higher healthcare spending and early adoption of medical equipment in countries like the US and Canada. Asia Pacific portering chair market is estimated to witness fastest growth during the forecast period led by China and India. Factors such as improving access to healthcare services, increasing healthcare investments and expanding medical device industry provide strong growth opportunities. In addition, growing middle class population opting for modern mobility aids further bolsters the regional market. Europe also represents a significant geographical segment for portering chairs due to well-established hospitals and presence of major manufacturers in the region
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