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United States Stair Lift Market Size (2024 - 2029)

The United States stair lift market is experiencing growth driven by factors such as an aging population, increasing disabilities, and accidental injuries, which are boosting the demand for stairlifts. The integration of advanced technologies is enhancing market sophistication, aiding consumer decision-making. However, high installation costs and inadequate post-sale services pose challenges to market expansion. Medicaid programs and housing grants for veterans are facilitating access to stairlifts, contributing to market growth. Additionally, the healthcare sector's demand for stairlifts is rising as they support the independence of disabled individuals in healthcare facilities.

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Market Size of United States Stair Lift Industry

United States Stair Lift Market
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 5.70 %
Market Concentration Medium

Major Players

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*Disclaimer: Major Players sorted in no particular order

US Stair Lift Market Analysis

The United States Stair Lift Market is expected to record a CAGR of 4.8% over the forecast period (2022 - 2027). Factors such as an upsurge in the aging population, an increasing number of patients with musculoskeletal and movement disabilities, and incidences of accidental injuries are driving the need for stairlifts across the country.

  • Adopting advanced technologies has also played a vital role in the market's growth. Companies, such as 3D MDB and GrabCAD, offer 3D drawings of stairlift designs and their components, making it more sophisticated and easy for buyers to decide the suitable type of Stairlift system.
  • High installation costs of stairlifts and inadequate post-sale services are factors hindering the growth of the stairlift market. For instance, a straight stair lift is around USD 3,000 to USD 5,500, while the custom curved stairlift price may range from USD 7,500 to USD 20,000. Also, the potential risk of injury, primarily faulty mechanism and incorrect installation, are a few challenges the market faces.
  • Many states, such as Minnesota and Connecticut, offer Medicaid home and community-based waiver programs that often cover the cost of home modifications such as a stair lift. To qualify for these waivers, one typically needs to meet the income criteria to receive Medical Assistance from the state. Veterans with certain service-connected disabilities can apply for housing grants to make their homes accessible. These include the Specially Adapted Housing (SAH) Grant and the Special Home Adaptations (SHA) Grant.
  • Further, the healthcare segment might fuel the growth because of the increasing rate of disabled people opting to live in healthcare facilities. Professional caretakers cannot be expected to offer help round the clock. Hence, the demand for stairlifts in healthcare centers is likely to increase as these lifts enable individuals to traverse independently.

US Stair Lift Industry Segmentation

The stair lift is a mechanical device for lifting people, typically those with disabilities, up and downstairs. These are equipped with buttons/joysticks to simplify the overall operation. The elderly population and physically challenged individuals can effortlessly access and maneuver the equipment. Low installation costs and ease of accessibility are some of the major elements fueling the growth of the stairlifts market. The study considers the revenue generated from the sale of Stairlifts by various vendors in the country.

The United States Stair Lift Market is segmented by Rail Orientation (Straight, Curved), User Orientation (Seated, Standing, Integrated), Installation (Indoor and Outdoor), and by Application (Residential, Healthcare).

By Rail Orientation
Straight
Curved
By User Orientation
Seated
Standing
Integrated
By Installation
Indoor
Outdoor
By Application
Residential
Healthcare
Others
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United States Stair Lift Market Size Summary

The United States stair lift market is experiencing growth driven by an increasing aging population, a rise in patients with musculoskeletal and movement disabilities, and the prevalence of accidental injuries. The demand for stairlifts is further bolstered by advancements in technology, such as 3D modeling tools that assist consumers in selecting appropriate stairlift systems. Despite the high installation costs and challenges related to post-sale services, the market is supported by state programs like Medicaid waivers and housing grants for veterans, which help cover the costs of home modifications, including stairlifts. The healthcare sector also contributes to market expansion as more disabled individuals opt for healthcare facilities where stairlifts facilitate independent movement.

The preference among seniors to age in place, coupled with the need for home safety modifications, drives the demand for indoor stairlifts. These lifts are particularly popular in residential settings due to their cost-effectiveness and ability to address musculoskeletal issues. State assistance programs, such as Illinois' Home Accessibility Program and Indiana's CHOICE program, further enhance market growth by providing financial support for home modifications. The market is moderately fragmented, with key players like ThyssenKrupp Elevator Technology and Handicare Group leveraging strategic collaborations and product innovations to expand their market presence. Recent developments include new charging technologies and award-winning product designs, highlighting the industry's focus on enhancing product offerings and customer satisfaction.

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United States Stair Lift Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.2.1 Threat of New Entrants

      2. 1.2.2 Bargaining Power of Buyers

      3. 1.2.3 Bargaining Power of Suppliers

      4. 1.2.4 Threat of Substitute Products

      5. 1.2.5 Intensity of Competitive Rivalry

    3. 1.3 Value Chain Analysis

    4. 1.4 Impact Analysis of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Rail Orientation

      1. 2.1.1 Straight

      2. 2.1.2 Curved

    2. 2.2 By User Orientation

      1. 2.2.1 Seated

      2. 2.2.2 Standing

      3. 2.2.3 Integrated

    3. 2.3 By Installation

      1. 2.3.1 Indoor

      2. 2.3.2 Outdoor

    4. 2.4 By Application

      1. 2.4.1 Residential

      2. 2.4.2 Healthcare

      3. 2.4.3 Others

United States Stair Lift Market Size FAQs

The United States Stair Lift Market is projected to register a CAGR of 5.70% during the forecast period (2024-2029)

AmeriGlide Distributing 2019, Inc., Handicare Group AB, ThyssenKrupp Elevator Technology, Stannah Lifts Holdings Ltd. and Acorn Stairlifts Inc. are the major companies operating in the United States Stair Lift Market.

United States Stair Lift Report Snapshots

United States Stair Lift Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)