Global Lift Chair Market Demand and Sales By Its Numerous Types (2-Position Lift Chair, 3-Position Lift Chair, Infinite Position Lift Chair and Zero Gravity Position Lift Chair), By Its End-User Industries (Household and Hospital), Regional Trend Analysis and Forecast 2018 to 2025
Feb 05 2019
Total Pages: 80
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The global lift chair market size was valued at USD 20.14 billion in 2017. Mobility is one of the greatest advantages of lift chairs, which has led to their enormous popularity. The ability to recline in a number of positions, a feature offering an aging and physically challenged person a better quality of life, is another factor contributing towards the global lift chair market growth.
Global Lift Chair Market Size, 2015-2025 (USD Billion)
Lift chairs are a distinctly modern invention that originates from the needs and mobility challenges of our aging population. A lift chair is a medical equipment that leaves its base, gradually transports the user to a standing position and also descends safely into a sitting position. It can be used in an upright position or with a push of a button in different angles. There is adequate floor space below the front of the chair which helps the users find their center of gravity after standing up. The sole purpose of a lift chair is to lift a person to a standing position or to facilitate him/her in a sitting position without harm. It is designed to look and feel like a recliner so that it offers maximum comfort while mixing with the patient’s home furniture.
Infinite position lift chair segment sales were USD 4.41 billion in 2017. Infinite position lift chair can be moved from the sitting to a full recline, where the chair is flat and the footrest and back can be operated independently. These chairs operate on dual motors, one each for the back and the footrest. This setup allows the patient to reach a reclining position. The hand controller has two separate push buttons for the back and footrest each. The back can recline to 180 degrees angle and even further. It also allows for the greatest flexibility. Consequently, these chairs possess a much higher functionality than 2-and 3-position lift chairs. Thus, other than sitting upright, being in a TV watching position and napping position, there are many more comfortable positions that one can manage with infinite position lift chairs. Some infinite position lift chairs are even built around a proper mattress for added comfort.
Global Lift Chair Market Share, by Application, 2017 (%)
Hospital segment held a share of more than 15% in 2017 of the global lift chair market size. Lift chairs are very helpful mobility aids for patients who have recently undergone surgery. Post-surgery soreness and discomfort can make basic mobility difficult. A lift chair is a practical and affordable tool that can make the recovery process easier for both the patient and the caregiver. Lift chair on the market offer various features such as posture-correct lumbar and lateral cushioning, easy suspension wire-spring construction, and antibacterial easy polyvinyl cleaning among others. Increasing number of private as well as public healthcare facilities across the globe is leading to surged demand. Safety is another major concern for the patients in hospitals. A lift chair helps in taking off that burden of the caregiver by helping the patient function independently. These factors have fueled lift chair market demand in hospitals
Asia Pacific accounted for 20.7% of the global lift chair market share in 2017 and is projected to grow at a CAGR of 7.6% during the forecast year. Increasing number of arthritic patients is the primary factor contributing towards the growth of lift chair market size in this region. According to a survey, in 2017, over 180 million people were suffering from arthritis in India. Arthritis makes it extremely difficult to experience a normal range of motion particularly when standing up, mainly in the knee, hip, and ankle joints, and also in wrists and elbows. A lift chair recliner can completely recline and raise the legs of a patient, thus relieving the pain and discomfort caused by chronic diseases. Moreover, the slow speed of a medical chair lift makes it easy for the person to get out of the chair, causing less pain and requiring less effort to get out of the chair. Lifting chairs offer positive medical benefits for people with chronic medical conditions along with therapeutic relaxation. This can help conserve energy, reduce pain and improve overall function. They help to reduce the amount of pressure and stress on the knees, back, and elbows, keeping arthritis from acting up when attempting to get up or sit down. In populous Asian countries such as China and India, because of the sheer number of older people, there are even greater challenges. In China, the population of people over 65 is expected to jump from 8% to 24% in just 30 years which further creates opportunities for the lift chairs market. Increasing disposable income and continuous R&D activities by key players in the development of innovative products are other factors that are expected to augment the global lift chair market growth during the forecast period.
The global lift chair market analysis covers the leading industry participants. Companies including Franklin Corporation, Pride Mobility, Jackson Furniture, Golden Technologies, Med-Lift, La-Z-Boy, Ashley Furniture, Best Chairs, Inc., Ultimate Power Recliner, LLC, and Seminar Components among others have a broader presence within the global lift chair market. Product launches is one the key strategies adopted by the key players to further aid lift chair market growth. For instance, in July 2018, Pride Mobility announced the launch of the VivaLIFT! ® Infinity Collection 525iM, an industry leading 4-engine power lift recliner. The product offers an exceptional number of power adjustable positions, including headrest, lumbar, backrest, footrest and elevator.
Key segments of the global lift chair market
Type Overview, 2015-2025 (USD Million)
- 2-position lift chair
- 3-position lift chair
- Infinite position lift chair
- Zero gravity position lift chair
End-Use Industry Overview, 2015-2025 (USD Million)
- Household
- Hospital
Regional Overview, 2015-2025 (USD Million)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- Rest of Europe
- Asia Pacific
- China
- Japan
- Rest of APAC
- Latin America
- Middle East and Africa
Key players analysed in the report include
- Golden Technologies
- Franklin Corporation
- Pride Mobility
- La-Z-Boy
- Jackson Furniture
- Others
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global lift chair market
- While studying the market, we observed that 3-Position Lift Chair is projected to grow at the fastest rate owing to the advantage of reclining to 180 degrees, thereby, offering comfort over longer period of time.
- The global lift chair market has been mainly driven by the increasing aging population.
- The household application is projected to witness fastest growth in the coming years as it promotes independence by allowing people to stay at home without the help of others to stay active and move.
What does the report include?
- The study on the global lift chair market includes qualitative factors such as drivers, trends, and opportunities
- Additionally, the market has been evaluated using the value chain analysis, Porter’s Five Forces’ analysis and PESTEL analysis.
- The study covers qualitative and quantitative analysis of the market segmented on the basis of type and application.
- The report provides a deep-dive data analysis for all the applications.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
- The study includes the profiles of key players in the market with a significant global and/or country presence.
Who should buy this report?
This study is suitable for industry participants and stakeholders in the global lift chair market, who want an in-depth insight into the movement of the global lift chair market. The report will benefit:
- Executives of global lift chair companies that are engaged in the lift chair production and exporting
- Managers within financial institutions looking to publish recent and forecasted statistics pertaining to global lift chair market
- Venture capitalists and investors looking for more information on the future outlook of the global lift chair market
- Government organizations, regulatory authorities, policymakers and financial organizations looking for innovative solutions for manufacturing lift chair
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies
The global lift chair market size was valued at USD 20.14 billion in 2017. Mobility is one of the greatest advantages of lift chairs, which has led to their enormous popularity. The ability to recline in a number of positions, a feature offering an aging and physically challenged person a better quality of life, is another factor contributing towards the global lift chair market growth.
Global Lift Chair Market Size, 2015-2025 (USD Billion)
Lift chairs are a distinctly modern invention that originates from the needs and mobility challenges of our aging population. A lift chair is a medical equipment that leaves its base, gradually transports the user to a standing position and also descends safely into a sitting position. It can be used in an upright position or with a push of a button in different angles. There is adequate floor space below the front of the chair which helps the users find their center of gravity after standing up. The sole purpose of a lift chair is to lift a person to a standing position or to facilitate him/her in a sitting position without harm. It is designed to look and feel like a recliner so that it offers maximum comfort while mixing with the patient’s home furniture.
Infinite position lift chair segment sales were USD 4.41 billion in 2017. Infinite position lift chair can be moved from the sitting to a full recline, where the chair is flat and the footrest and back can be operated independently. These chairs operate on dual motors, one each for the back and the footrest. This setup allows the patient to reach a reclining position. The hand controller has two separate push buttons for the back and footrest each. The back can recline to 180 degrees angle and even further. It also allows for the greatest flexibility. Consequently, these chairs possess a much higher functionality than 2-and 3-position lift chairs. Thus, other than sitting upright, being in a TV watching position and napping position, there are many more comfortable positions that one can manage with infinite position lift chairs. Some infinite position lift chairs are even built around a proper mattress for added comfort.
Global Lift Chair Market Share, by Application, 2017 (%)
Hospital segment held a share of more than 15% in 2017 of the global lift chair market size. Lift chairs are very helpful mobility aids for patients who have recently undergone surgery. Post-surgery soreness and discomfort can make basic mobility difficult. A lift chair is a practical and affordable tool that can make the recovery process easier for both the patient and the caregiver. Lift chair on the market offer various features such as posture-correct lumbar and lateral cushioning, easy suspension wire-spring construction, and antibacterial easy polyvinyl cleaning among others. Increasing number of private as well as public healthcare facilities across the globe is leading to surged demand. Safety is another major concern for the patients in hospitals. A lift chair helps in taking off that burden of the caregiver by helping the patient function independently. These factors have fueled lift chair market demand in hospitals
Asia Pacific accounted for 20.7% of the global lift chair market share in 2017 and is projected to grow at a CAGR of 7.6% during the forecast year. Increasing number of arthritic patients is the primary factor contributing towards the growth of lift chair market size in this region. According to a survey, in 2017, over 180 million people were suffering from arthritis in India. Arthritis makes it extremely difficult to experience a normal range of motion particularly when standing up, mainly in the knee, hip, and ankle joints, and also in wrists and elbows. A lift chair recliner can completely recline and raise the legs of a patient, thus relieving the pain and discomfort caused by chronic diseases. Moreover, the slow speed of a medical chair lift makes it easy for the person to get out of the chair, causing less pain and requiring less effort to get out of the chair. Lifting chairs offer positive medical benefits for people with chronic medical conditions along with therapeutic relaxation. This can help conserve energy, reduce pain and improve overall function. They help to reduce the amount of pressure and stress on the knees, back, and elbows, keeping arthritis from acting up when attempting to get up or sit down. In populous Asian countries such as China and India, because of the sheer number of older people, there are even greater challenges. In China, the population of people over 65 is expected to jump from 8% to 24% in just 30 years which further creates opportunities for the lift chairs market. Increasing disposable income and continuous R&D activities by key players in the development of innovative products are other factors that are expected to augment the global lift chair market growth during the forecast period.
The global lift chair market analysis covers the leading industry participants. Companies including Franklin Corporation, Pride Mobility, Jackson Furniture, Golden Technologies, Med-Lift, La-Z-Boy, Ashley Furniture, Best Chairs, Inc., Ultimate Power Recliner, LLC, and Seminar Components among others have a broader presence within the global lift chair market. Product launches is one the key strategies adopted by the key players to further aid lift chair market growth. For instance, in July 2018, Pride Mobility announced the launch of the VivaLIFT! ® Infinity Collection 525iM, an industry leading 4-engine power lift recliner. The product offers an exceptional number of power adjustable positions, including headrest, lumbar, backrest, footrest and elevator.
Key segments of the global lift chair market
Type Overview, 2015-2025 (USD Million)
- 2-position lift chair
- 3-position lift chair
- Infinite position lift chair
- Zero gravity position lift chair
End-Use Industry Overview, 2015-2025 (USD Million)
- Household
- Hospital
Regional Overview, 2015-2025 (USD Million)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- Rest of Europe
- Asia Pacific
- China
- Japan
- Rest of APAC
- Latin America
- Middle East and Africa
Key players analysed in the report include
- Golden Technologies
- Franklin Corporation
- Pride Mobility
- La-Z-Boy
- Jackson Furniture
- Others
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global lift chair market
- While studying the market, we observed that 3-Position Lift Chair is projected to grow at the fastest rate owing to the advantage of reclining to 180 degrees, thereby, offering comfort over longer period of time.
- The global lift chair market has been mainly driven by the increasing aging population.
- The household application is projected to witness fastest growth in the coming years as it promotes independence by allowing people to stay at home without the help of others to stay active and move.
What does the report include?
- The study on the global lift chair market includes qualitative factors such as drivers, trends, and opportunities
- Additionally, the market has been evaluated using the value chain analysis, Porter’s Five Forces’ analysis and PESTEL analysis.
- The study covers qualitative and quantitative analysis of the market segmented on the basis of type and application.
- The report provides a deep-dive data analysis for all the applications.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
- The study includes the profiles of key players in the market with a significant global and/or country presence.
Who should buy this report?
This study is suitable for industry participants and stakeholders in the global lift chair market, who want an in-depth insight into the movement of the global lift chair market. The report will benefit:
- Executives of global lift chair companies that are engaged in the lift chair production and exporting
- Managers within financial institutions looking to publish recent and forecasted statistics pertaining to global lift chair market
- Venture capitalists and investors looking for more information on the future outlook of the global lift chair market
- Government organizations, regulatory authorities, policymakers and financial organizations looking for innovative solutions for manufacturing lift chair
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies
Chapter 1. Executive Summary
Chapter 2. Research Methodology
2.1. Research approach
2.2. Scope, definition, and assumptions
2.3. Data sources
Chapter 3. Market Outlook
3.1. Introduction
3.2. Key trends
3.2.1. Market Drivers
3.2.2. Market Restraints
3.2.3. Market Opportunities
3.3. Porter’s Five Forces analysis
3.4. PESTEL analysis
3.5. Value chain analysis
3.6. Company Market Share, 2017
3.7. Competitive Strategies
Chapter 4. Global Lift Chair Market Overview, By Type
4.1. Global Lift Chair Market share, by Type, 2017 & 2025
4.2. 2-position lift chair
4.2.1. Market size and projections, 2015-2025
4.3. 3-position lift chair
4.3.1. Market size and projections, 2015– 2025
4.4. Infinite position lift chair
4.4.1. Market size and projections, 2015– 2025
4.5. Zero gravity position lift chair
4.5.1. Market size and projections, 2015– 2025
Chapter 5. Global Lift Chair Market Overview, By End-use Industry
5.1. Global Lift Chair Market Share, by Application, 2017 & 2025
5.2. Household
5.2.1. Market size and projections, 2015– 2025
5.3. Hospital
5.3.1. Market size and projections, 2015– 2025
Chapter 6. Global Lift Chair Market Overview, By Region
6.1.1. Global Lift Chair Market Share, by region, 2017 & 2025
6.1.2. North America
6.1.2.1. Market size and projections, 2015-2025
6.1.2.2. Market size and projections, by Type, 2015-2025
6.1.2.3. Market size and projections, by Application, 2015-2025
6.1.2.4. US
6.1.2.4.1. Market size and projections, 2015-2025
6.1.2.4.2. Market size and projections, by Type, 2015-2025
6.1.2.4.3. Market size and projections, by Application, 2015-2025
6.1.2.5. Canada
6.1.2.5.1. Market size and projections, 2015-2025
6.1.2.5.2. Market size and projections, by Type, 2015-2025
6.1.2.5.3. Market size and projections, by Application, 2015-2025
6.1.3. Europe
6.1.3.1. Market size and projections, 2015-2025
6.1.3.2. Germany
6.1.3.2.1. Market size and projections, 2015-2025
6.1.3.2.2. Market size and projections, by Type, 2015-2025
6.1.3.2.3. Market size and projections, by Application, 2015-2025
6.1.3.3. UK
6.1.3.3.1. Market size and projections, 2015-2025
6.1.3.3.2. Market size and projections, by Type, 2015-2025
6.1.3.3.3. Market size and projections, by Application, 2015-2025
6.1.3.4. Rest of Europe
6.1.3.4.1. Market size and projections, 2015-2025
6.1.3.4.2. Market size and projections, by Type, 2015-2025
6.1.3.4.3. Market size and projections, by Application, 2015-2025
6.1.4. Asia Pacific
6.1.4.1. Market size and projections, 2015-2025
6.1.4.2. Market size and projections, by Type, 2015-2025
6.1.4.3. Market size and projections, by Application, 2015-2025
6.1.4.4. China
6.1.4.4.1. Market size and projections, 2015-2025
6.1.4.4.2. Market size and projections, by Type, 2015-2025
6.1.4.4.3. Market size and projections, by Application, 2015-2025
6.1.4.5. Japan
6.1.4.5.1. Market size and projections, 2015-2025
6.1.4.5.2. Market size and projections, by Type, 2015-2025
6.1.4.5.3. Market size and projections, by Application, 2015-2025
6.1.4.6. Rest of Asia-Pacific
6.1.4.6.1. Market size and projections, 2015-2025
6.1.4.6.2. Market size and projections, by Type, 2015-2025
6.1.4.6.3. Market size and projections, by Application, 2015-2025
6.1.5. Latin America
6.1.5.1. Market size and projections, 2015-2025
6.1.5.2. Market size and projections, by Type, 2015-2025
6.1.5.3. Market size and projections, by Application, 2015-2025
6.1.6. Middle East and Africa
6.1.6.1. Market size and projections, 2015-2025
6.1.6.2. Market size and projections, by Type, 2015-2025
6.1.6.3. Market size and projections, by Application, 2015-2025
Chapter 7. Company Profiles
7.1. Golden Technologies
7.1.1. Company overview
7.1.2. Product portfolio
7.1.3. Key developments
7.1.4. Financial performance
7.2. Franklin Corporation
7.2.1. Company overview
7.2.2. Product portfolio
7.2.3. Key developments
7.2.4. Financial performance
7.3. Pride Mobility
7.3.1. Company overview
7.3.2. Product portfolio
7.3.3. Key developments
7.3.4. Financial performance
7.4. La-Z-Boy
7.4.1. Company overview
7.4.2. Product portfolio
7.4.3. Key developments
7.4.4. Financial performance
7.5. Jackson Furniture
7.5.1. Company overview
7.5.2. Product portfolio
7.5.3. Key developments
7.5.4. Financial performance
7.6. Med-Lift
7.6.1. Company overview
7.6.2. Product portfolio
7.6.3. Key developments
7.6.4. Financial performance
7.7. Ashley Furniture
7.7.1. Company overview
7.7.2. Product portfolio
7.7.3. Key developments
7.7.4. Financial performance
7.8. Best Chairs, Inc.
7.8.1. Company overview
7.8.2. Product portfolio
7.8.3. Key developments
7.8.4. Financial performance
7.9. Ultimate Power Recliner, LLC
7.9.1. Company overview
7.9.2. Product portfolio
7.9.3. Key developments
7.9.4. Financial performance
7.10. Seminar Components
7.10.1. Company overview
7.10.2. Product portfolio
7.10.3. Key developments
7.10.4. Financial performance