April 14, 2024
Portable Chair Market

Portering Chair Market Is Estimated To Witness High Growth Owing To Increased Geriatric Population And Surging Healthcare Expenditure

Portering chairs are medical equipment used for transportation of patients within a healthcare facility. Portering chairs offer added comfort and support to patients and assist healthcare workers in their transfer and mobilization effectively. They provide necessary cushioning, stability, and safety during patient transport. The chairs are designed ergonomically with features like adjustable heights, brakes, reclining backrests, and safety rails to aid easy maneuverability. Growing geriatric population prone to limited mobility and increasing healthcare spending on medical devices are propelling the demand for portering chairs.

The Global Portering Chair Market is estimated to be valued at US$ 709.74 Mn in 2024 and is expected to exhibit a CAGR of 6.5% over the forecast period 2024 to 2030.

Key Takeaways

Key players operating in the Portering Chair market are SABMiller plc, Anheuser-Busch InBev, Carlsberg, United Breweries Ltd., Mohan Meakins, Radico Khaitan, Heineken NV, Tilaknagar Inds., Som Distilleries, Globus Spirits. The major players are focusing on new product launches catering to the needs of various end-users. For instance, Carlsberg launched its new range of low-alcohol beer.

The rising incidence of chronic diseases and related complications are expected to drive the demand for portering chairs. Owing to the growing geriatric population prone to limited mobility and medical ailments, the need for assisted patient transfer is increasing significantly.

North America dominates the global portering chair market followed by Europe. However, Asia Pacific is estimated to witness the highest growth owing to increasing healthcare infrastructure and rising medical tourism in the region.

Market Drivers

Portering Chair Market Growth Increasing healthcare expenditure especially in developing nations coupled with growing elderly population base are propelling the demand for portering chairs. As per the UN’s World Population Prospects report, the number of people aged 65 years or above is projected to grow from 703 million in 2019 to 1.5 billion by 2050 globally. This substantial rise in geriatric population prone to limited mobility will boost the portering chair market.

PEST Analysis

Political: Portering chair manufacturers need to ensure their products meet all necessary safety regulations. They also need to closely monitor changes in international trade policies that could impact supply chains.
Economic: Changes in economic growth rates influence consumer discretionary spending on items like portering chairs. A weak economy may cause some customers to delay big-ticket purchases.
Social: As the average age rises, more customers will seek portering chairs to help with mobility. Their growing popularity for elderly and disabled care could lead to greater social acceptance.
Technological: Manufacturers continually strive to design portering chairs that are lightweight yet durable. Electronic features like battery-powered mobility are becoming standard, while some models offer wireless connectivity for remote operation.

Geographical regions with high portering chair market value
North America accounts for the largest share of the global portering chair market value due to demand from healthcare facilities and aging populations. The growing obesity rate and rise of lifestyle diseases have also boosted demand as portering chairs aid mobility for those with limited stamina or joint problems.

Fastest growing region for the portering chair market
Asia Pacific is expected to experience the fastest growth over the forecast period. Countries like China and India have expanding medical infrastructure as well as a fast growing number of older people. Rising incomes improve accessibility too as basic portering chairs become affordable for families providing homecare. The region’s market value is projected to nearly double from 2024 to 2030.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it