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 Overview: Portering chairs are used to transport patients within hospital premises. They offer safety, comfort and stability to patients and ease of movement for caregivers.
Market key trends: One of the key trends in the Portering Chair Market is the rising demand for multifunctional chairs. Manufacturers are developing portable chairs with features like adjustable heights, retractable footrests, side rails and utility trays to provide comfort and convenience to patients during transportation. They are also making chairs that can convert into stretchers to facilitate carrying patients up and down stairs. The growth in geriatric population base coupled with increasing cases of accidents and chronic diseases is driving the need for portering chairs worldwide.
Strength: Portering chair provides comfortable seating and positioning for patients during medical procedures or treatment. It allows adjustable back and leg positioning.
Weakness: Portering chairs are expensive medical devices designed specifically for clinical use. They require regular servicing and maintenance.
Opportunity: Growing geriatric population leading to rise in chronic diseases and mobility issues worldwide presents an opportunity for portering chair manufacturers. Increasing investments in healthcare infrastructure also supports market growth.
Threats: Stringent regulatory norms for medical devices. Price sensitivity in developing regions. Supply chain disruptions amid COVID-19 pandemic posed initial threat to production.
The global portering chair market demand is expected to witness high growth, exhibiting CAGR of 4.6% over the forecast period, due to increasing prevalence of chronic diseases and mobility impairment issues globally. Elders are more likely to require portering chairs for facilitated movement and assistance.
Regional analysis: North America dominated the market and held largest share in 2023 owing to presence of major players and advanced healthcare infrastructure in the region. Asia Pacific is expected to grow at fastest pace during the forecast period supported by rapid economic development, rising healthcare expenditure and huge patient pool in major countries like 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 and partnerships with hospitals, nursing homes and clinical settings to strengthen distribution networks in emerging regions. Strategic acquisitions are also done to expand market presence.
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it